News Ltd has reported that eGlobal managing director Gordon Chalmers said smart card and internet security markets held the future for the company.
"Since last year's terrorists attacks, there has been a marked increase in the personal security systems provided by smart cards as well as an increased focus on internet security," he said.
"We are currently in the final stages of negotiations with a number of international airports about their security systems and utilising eGlobal's smart card solutions and iris biometric recognition systems." A potentially very lucrative market.
China and North America presented enormous growth opportunities for eGlobal, he said.
My belief is EGI is one of the most underrated & undervalued ones on the ASX. If it succeeds in just half its plans, then shareholders will be well rewarded.
EGI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
