Page 26 - Paragon Annual Report 2

24 | Strategic report | Paragon ID
Secure technology for a connected world
2017 saw significant progress for this division: a move
into the e-ID sector, geographic expansion into the USA
and a new facility in Romania amongst the highlights.
In May, we completed the acquisition of ASK SA. The entire division is being brought together under the name Paragon ID.
Paragon ID has two main areas of operation, People ID and Product ID
People ID
Electronic identification (e-ID)
E-ID technology makes electronic passports,
ID cards, driving licences, health cards and other smart documents work.
Paragon ID is a leading provider and proud pioneer in this rapidly growing market, with our own specialised, patented techniques for producing radio-frequency identification (RFID) inlays using silver ink. Some 19 countries already use our passport inlays.
By 2020, 55% of official documents in the world will be “smart”, equipped with some form of ID technology. As our world rapidly becomes more digitised, connected and contactless, bringing Paragon ID’s innovative secure e-ID capabilities into our broader group offering puts us in a very strong position for the future.
Transport and Smart Cities
Sustainable mobility is a key priority for any city: providing public transport that uses little energy, is environmentally friendly and is easily accessible to all.
Our solutions have been enabling these goals
for over 100 years – and we now ensure the smooth and secure movement of people around more than 120 cities worldwide. We excel at collaborating with other organisations to integrate our innovative, smart technologies with existing systems, making digital transformation possible.
As well as magnetic travel tickets, contactless tickets and cards and other more traditional products, we also provide host card emulation (HCE) solutions (such as using a phone as a travel card) to help cities go digital.
Product ID
Traceability and brand protection
Paragon ID’s technology protects brands from the $500 billion counterfeiting market, which is affecting an ever-wider range of products and sectors.
Counterfeiting is a serious risk to public health, brand reputation and legitimate sales.
As experts in traceability and identification, Paragon ID pioneers the use of RFID, traceability, secure labels and NFC tags to track genuine products through the supply chain and protect customers against fraud.
Associated secure services
Paragon ID also provides secure associated services such as personalisation, data management, mobile solutions and embedded security applications.
Security is critical to Paragon ID, with ISO 27001 certification in place and highly secure facilities for the production of electronic passport covers.
Strong positioning
Combining the know-how of ASK with the wider Paragon Group services, Paragon ID offers an unrivalled range of contactless products, a unique technology platform and a global industrial base.
“ Paragon ID is a public quoted company with a controlling stake (77.5%) owned by Paragon. Under IFRS rules the statutory accounts are fully consolidated to group accounts. ”
Paragon Group Limited – 05258175