Cypak wins European IST Grand Prize Prize twice

27 April 2005 -- Cypak, a Swedish IT innovator, was one of three winners of the prestigious European IST Grand Prize, which was awarded last night during a ceremony in Brussels. Cypak won the prize and a check for EUR 200, 000 for its PIN-on-Card – a contact-less smart card with an integrated PIN pad for user secure verification.The card is one of many applications of Cypak's low cost computing technology for integration into simple objects, such as packages, tape and cards.

The European IST prize in an EU-sponsored IT award that's given to companies whose products are thought to represent cutting-edge European innovation within IT. Cypak's receipt of this award is unique – no European IT company, in the history of this competition, has won the Grand Prize twice (Cypak's first time was in 1999). Besides the prize, Cypak gets a check for EUR 200,000 (USD 258,000).

'The prize fortifies our position as a leading IT innovator in Europe when it comes to creating sharp technical solutions that benefit society and that have huge market potential,' says Stina Ehrensvärd, Cypak's founder and co-owner.

Cypak's card offers benefits such as increased security when identifying and verifying authorized users. The card is built on a secure, inexpensive, user-friendly concept that enables many usage areas such as Internet bank access. Its partners can also integrate the PIN-on-Card product into credit cards, ID cards, and parking permits.

For more information, contact:
Stina Ehrensvärd, founder and co-owner of Cypak
Phone: +46 702 87 00 12, e-mail: stina@cypak.com

About Cypak
Cypak is a Swedish technology innovator and pioneer in embedding microcomputers into paper. By combining RFID, microprocessors and printable sensors we transform simple objects and packaging into secure data carriers, capable of collecting and transferring time-tagged event data. Up to date the technology ha enabled intelligent pharmaceutical and diagnostic packaging, electronic seals with tamper detection and access cards with integrated keypad – all today in use by customers. Our business is to provide core components, integration services and licensing rights. Find out more at: http://www.cypak.com

About the European Information Society Technologies (IST) prize

Euro-CASE organizes the IST competition; it is a non-profit organization of European academies of applied sciences, technology, and engineering. The EU Commission's Information Society Technologies Programme supports Euro-CASE. The Royal Swedish Academy of Engineering Sciences is the Swedish organizer of the competition in which companies from about 30 countries can participate. This year's competition included 430 companies from 29 countries, each with their own product. For more information about the IST prize, visit: http://www.ist-prize.org
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Publisher Contact Information:

Cypak
+46 702 87 00 12
stina@cypak.com

Company profile of Cypak
Past press releases of Cypak.