Card Tech On Track for NASDAQ Move
Sep 22, 2013
OTC Disclosure News Service
T-Bay holdings have conformed their commitment to move the company to the NASDAQ in early 2014 T-Bay Holdings has retained legal counsel to prepare a move to the
NASDAQ once the Card Tech International merger has been completed.
The recent Tech IPO?s have washed away some of the bad feeling left
behind from last year?s big Facebook Inc. (NASDAQ: FB) IPO. In that
one, Facebook got its desired $100-B valuation and buyers got hammered.
In today?s market, buyers are getting their money?s worth, and the companies probably got less than they should.
Cybersecurity firm FireEye Inc. (NASDAQ: FEYE) and advertising
technology company Rocket Fuel Inc. (NASDAQ: FUEL) both launched IPOs
last Friday morning, both are posting share price gains of more than
FireEye sold 15.2-M/shares at 20 and raised about $300-M. The IPO price was above the proposed range of 15 ? 17 a share.
Shares of FireEye traded at 38.68 in the early afternoon Friday, + 93.4% over the IPO price.
Rocket Fuel offered 4-M/shares at the top end of its proposed range of 27 ? 29 a share. The firm raised $116-M in the IPO.
The big news is the near vertical trajectory in share prices for the 2
stocks. This could be another manifestation of the market?s thirst for
some new momentum plays.
Card Tech International is a company engaged
in innovative mobile handheld devices and aims to revolutionize the
markets of identification, security and monetics using biometric identification
The smart card evolves and becomes safer
Smart integrates a fingerprint sensor within it’s 0.76 mm thickness, with
minimum costs and dimensions, it will allow the infallible binomial of payments
and biometrics. More certainty for the user and compatibility with the existing
infrastructure (POS, ATM, smart card readers). With this revolutionary smart card,
flexible and self-powered, logical and physical access will benefit of a
security level unbelievable until yesterday.
Market research points to the SmartCard Market being worth
almost $8b USD by 2018, here is part of that research from Transparency Market
A smart card is usually a plastic card which contains a
memory or microprocessor chip embedded in it, which is capable of storing and
Smart cards market can be classified based on the basis of
the interface into contact smart cards, contactless smart cards, and hybrid
smart cards. Based on its components, there are two types – memory smart cards
and microprocessors. Smart cards have a wide area of application such as in
transportation, telecommunication, for making government IDs, in the financial
sector and in paid TV services. In addition to these, geographically the market
is divided into North America, EMEA, Asia-Pacific, and Rest of the world.
The global smart card market was valued at USD 4.5 billion
in 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to
reach USD 7.9 billion by 2018. The telecommunication sector is the largest
revenue generator for the smart card market, contributing about 50% of the
revenue. Geographically, EMEA is the largest revenue generator for the smart
cards market on account of technology competence and demand for secured
Tech International is a company engaged in innovative mobile handheld
devices and aims to revolutionize the markets of identification,
security and monetics using biometric identification technologies.
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.