LaserCard Corp (LCRD) Ships One Millionth Automated Manifest System Card
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LaserCard Corporation (NASDAQ: LCRD) today announced that is has shipped its one millionth automated manifest system (AMS) card, used for securely identifying contents of U.S. Department of Defense (DOD) shipping containers. The U.S. Defense Logistics Agency (DLA) recently renewed the AMS contract for three years through prime contractor General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD).
The DLA has utilized LaserCard's AMS cards and readers since the early 1990s, when the DOD introduced a new system to increase in-transit visibility, expedite receipt processing, prioritize container processing, facilitate discrepancy reporting, and provide a portable permanent record of transactions.
The system succeeded in resolving all in-transit identification problems while improving the processing, reporting and cost-effectiveness of the Army's global cargo identification procedures. The AMS system has won numerous awards, including the Vice Presidential "Golden Hammer Award" for cutting logistics costs by more than 67%.
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