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Listed Company on ACE Market

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Company Name IRIS CORPORATION BERHAD
Stock Name IRIS
Stock Code 0010
ACE Market Sector Technology
Listed on ACE Market
of the KLSE
25.7.2002
Incorporated In Malaysia on 31.5.1994 as a private limited company; converted into a public company on 18.8.1999.
Change of Name From TL Technology Research (M) Sdn Bhd to present name on 20.8.1999.






Profile:
The Company (ICB), is a MSC status company operating from the Technology Park in Bukit Jalil, Kuala Lumpur. It is principally involved in information technology consulting, implementation and research and development. The main focus is the provision of smart card based security solutions. The solutions are based on a unique identification technology named the Image Retrieval Identification System (I.R.I.S.). The I.R.I.S. technology is the underlining technology for all smart card-security applications developed by the Group as it provides a secure method for identification that is difficult to forge. Depending on the application, innovative technologies such as Biometric Verification, Radio Frequency Identification, Ferroelectric Random Access Memory (FRAM), etc. are integrated with the I.R.I.S. technology to provide customised security solutions.

The Group's initial achievement was designing and implementing the electronic passport. The existing product range includes: Malaysian Electronic Passport (MEP), Smart Sentry, MyKad, Contactless Cards and Electronics, I.R.I.S. Integrated Passenger and Tags, Baggage Security System, Contact Cards, Digital Conferencing System, Smart Card Readers, Smart Lock and Immigration Autogate System.

The Group has made seven patent applications to the US Patent and Copyright Office, of which three have been approved. One other patent application to the South Africa Patent Office has been approved, while another to the EU Patent Office, is still pending. These patents cover the I.R.I.S. Chip Operating System, proprietary techniques and applications commercialised by the Group.

The main customers of the Group are Jabatan Imigresen Malaysia, Percetakan Keselamatan Nasional Sdn Bhd and GMPC Corporation Sdn Bhd, accounting for more than 85% of turnover.

In 2006, IRIS introduced the Autopot system, an innovative farming solutions and environmental friendly fertigation system designed to supply water and nutrient to the exact needs of a plant. Within the same year, IRIS’ environmental solutions were launched with the introduction of a green gas-powered waste disposal system capable of environmental-friendly incineration of solid and liquid waste.

Company and Group   :   Digital Identity Solutions, Business Solutions, Farming Solutions and Environmental Solutions.