Inside Contactless Recognised for Excellence in Innovation in Contactless Technologies

LONDON, June 29 /PRNewswire/ --     Frost & Sullivan presents Inside Contactless with the 2007 Global Award
for Industry Innovation and Advancement in the field of contactless
technologies. The company has displayed excellence in all areas of technology
innovation, advancement of the industry through research, strategy
development and the ability to conceptualise industry activities, while
successfully addressing customer needs.

"Dedicated exclusively to contactless technology, Inside Contactless is a
fabless company that designs high performance chipsets and ensures secure,
fast as well as reliable transactions in payment, access control, transport
and electronic identification," notes Frost & Sullivan Research Analyst
Nikita Seth. "Currently, the company is working on creating products that
integrate new capabilities into smartcards, mobile phones, point of sales
terminals, PCs and consumer electronic devices."

Inside Contactless has a strong product and service offering in the NFC
arena. Its product portfolio includes 'PicoRead' and 'MicroRead', which offer
easy integration of contactless chips into devices. They comply with
international standard protocols and are equipped to communicate with
contactless interfaces with existing readers worldwide.

'MicroRead' is an NFC chip that can be incorporated into mobile phones,
PDAs or PCs, to operate them as RF readers and contactless smartcards or RF
tags. "It has the advantage of being a low-cost, low-power, versatile
solution, something that the industry and its participants seek when adopting
a new, emerging technology," remarks Seth. "It has cryptographic functions
and is designed on the 'Single Wire Protocol' (SWP) interface with the SIM
card."

Inside Contactless is working closely with Gemalto to define SWP, the new
interface between the SIM card and the NFC chip. Early this year, Inside
Contactless announced its cooperation with Infineon, which aims to combine
the NFC capacities of Inside Contactless and Infineon's secured connectivity
technology, which will bring banking services to converge on the handset.

In the context of contactless payment, the company's MicroPass solution
is available primarily in the United States. However support is also extended
to programs in Canada, Philippines, Australia and Guatemala.

The solution is available from Gemalto, G&D, Oberthur, CPI, and PPP,
which are the major card manufacturers in the United States. There are 11
Visa products and 9 MasterCard card products available from the channel
partners of Inside Contactless, which contain MicroPass. In addition,
MicroPass has been the basis for the only qualified Discover Zip
implementation.

Inside Contactless has recently announced a toolkit that will allow for
value-added applications in the areas of transit, access control and retailer
loyalty that can be developed alongside open standard bank card payments. The
company is the first in the industry to announce such capability for
contactless payments.

"To conclude, the industry recognises the company's product offerings
which are guided through principles benefiting the whole ecosystem," states
Seth. "The innovative features which include the SIM-friendly architecture,
optimised silicon design, mobile-friendly integration and consistent
application development give it a strategic positioning that sets it apart
from the rest of the participants."

The Frost & Sullivan Award for Industry Innovation and Advancement is
bestowed each year upon a company that has proven to be a leader in the
industry through its pioneering technology, sound business strategy and
research efforts. The company's excellence in the field has extended beyond
its technical advancements and encompasses a comprehensive view of market
participants, resulting in an ongoing improvement in the industry over time.
This Award recognises the company for its broader, more comprehensive
participation in the industry and its contributions to the advancement of the
market.

Frost & Sullivan Best Practices Awards recognise companies in a variety
of regional and global markets for demonstrating outstanding achievement and
superior performance in areas such as leadership, technological innovation,
customer service and strategic product development. Industry analysts compare
market participants and measure performance through in-depth interviews,
analysis and extensive secondary research in order to identify best practices
in the industry.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering
with clients to support the development of innovative strategies for more
than 40 years. The company's industry expertise integrates growth consulting,
growth partnership services and corporate management training to identify and
develop opportunities. Frost & Sullivan serves an extensive clientele that
includes Global 1000 companies, emerging companies and the investment
community by providing comprehensive industry coverage that reflects a unique
global perspective and combines ongoing analysis of markets, technologies,
econometrics and demographics. For more information, visit
www.awards.frost.com

About INSIDE Contactless

As the only fabless semiconductor company focused exclusively upon
contactless chip platforms, INSIDE Contactless is a market leader in Near
Field Communication (NFC), contactless payments, and access control.
Innovation in contactless technology has led to essential NFC technology
patents granted to INSIDE along with more than 55 other patents. INSIDE is
the #1 market share company in contactless payment market in the US with more
than 20 million chip platforms delivered to card manufacturer partners and
more than 12 leading bank card issuers. More than 25 key partners around the
globe, including HID, Giesecke & Devrient, and SAGEM, have successfully
delivered contactless products such as payment & access cards, point of sale
terminals, NFC enabled mobile handsets, and other products which are 'powered
by INSIDE'. INSIDE Contactless is headquartered in Aix-en-Provence, France,
with offices in Shanghai, Singapore, Poland, San Francisco, and Boston. For
more information, please visit www.insidecontactless.com.

For further information, please contact:
    
    Frost & Sullivan
    Sandra Holze
    Promotions Co-ordinator, Best Practices
    T: +44-20-7915-7866
    sandra.holze@frost.com
    
    INSIDE Contactless
    Geraldine Sauniere-Miallet
    Marcom Director
    Tel: +33-4-42-39-33-01
    gmiallet@insidefr.com