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Silicon Valley Technology Leaders LaserCard Corporation and Tesla Motors Sign LaserPass Secure Access Deal
Date:9/3/2007

LaserCard Launches ID Badge Fulfillment Service

MOUNTAIN VIEW, Calif., Aug. 13 /PRNewswire-FirstCall/ -- LaserCard Corporation (Nasdaq: LCRD) and Tesla Motors announce the successful implementation of an optical memory card-based LaserPass Secure Access System for Tesla's corporate headquarters in San Carlos, California.

Under the agreement, Tesla Motors appointed LaserCard as the supplier and prime contractor for the design and installation of the system which will form the model for a corporate-wide standard. Installation of the next phase at Tesla's research and design center, in Rochester Hills, MI, will start in the coming weeks.

A high-value feature of the overall package is a client fulfillment service, newly-launched by LaserCard, which provides Tesla with fully personalized ID badges. The Facilities department at Tesla Motors uses the LaserPass Access Data Capture System to gather information about each employee and the data is automatically sent to LaserCard's print server via a secure communication protocol named LaserLink. Within 24 hours, the fully personalized card, containing printed and digital images of the cardholder plus his or her biometrics, is delivered to Tesla Motors.

The LaserPass Access System imposes a secure perimeter through which all badge holders can only pass after validating their secure optical/proximity cards. This process enables each individual's access rights for that day, which are controlled by the proximity technology embedded into the LaserPass badge.

"Our expertise is in the design and engineering of groundbreaking electric vehicle technology," said Tim Wenzel, VP of Human Resources and Administration, at Tesla Motors. "Thanks to LaserCard, securing our facility was painless, we are relieved of being in the badge production business, and we can get on with our core mission -- developing and manufacturing electric vehicles that exemplify design, performance, and efficiency." "Tesla Motors has a reputation for uncompromising commitment to the design and production of stylish, high-performance electric cars," said Richard Haddock, President & CEO of LaserCard. "LaserCard Corporation has the same dedicated commitment to security, whether we are serving national governments or the commercial sector. We are proud to be supplying our secure access and fulfillment service to one of Silicon Valley's highest profile technology leaders."

About LaserCard Corporation

LaserCard Corporation, a leader in secure ID solutions, manufactures and markets LaserCard(R) optical memory cards, LaserPASS(TM) Optical/RFID cards and chip-ready Optical/Smart(TM) cards, all featuring Optical IDLock(TM) technology, and other advanced-technology secure identification cards. The Company's secure ID cards are used in countries around the world, including the United States, Canada, Italy, India and the Middle East for demanding requirements such as border security, immigration and national identification. In addition, the Company provides optical card read/write drives, optical card system software, card-related ID subsystems and card issuance enabling services. The Company operates a wholly-owned German subsidiary, Challenge Card Design Plastikkarten GmbH, which manufactures specialty cards, and markets cards, system solutions, and card personalization printers under the CCD and Cards & More brands. For more information on LaserPass, visit http://www.lasercard.com/products.php?key=124.

Forward-Looking Statements

All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Examples of forward-looking statements in this release include the implication that the Company will be able to deliver the cards per the requested schedule. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the orders from Tesla Motors are rescheduled or canceled in whole or in part and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.


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SOURCE LaserCard Corporation
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