NOTICE TO THE MARKET – Valid selected by the State of Vermont to produce new, highly secure, ID cards and driver licenses
NOTICE TO THE MARKET
Valid selected by the State of Vermont to produce new, highly secure, ID cards and driver licenses
Rio de Janeiro, July 16, 2018 – Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. (“Company”) (B3: VLID3 ON), is pleased to inform its shareholders and the market in general that the Vermont State Department of Motor Vehicles (DMV) has selected Valid USA, Inc. (Valid) to provide their residents with securely issued driver licenses and identification (DL/ID) cards. As Valid plans to increase its market share in the US, Vermont is the third state to distribute driver’s licenses produced by the Company. “We are demonstrating our continuing dedication to provide flexible, innovative and secure solutions for the identity industry”, said Carlos Affonso S. D´Albuquerque, CEO for Valid. The base contract will be for five years with two one-year extension options. Valid will manufacture and issue approximately 200,000 documents each year.
The services Valid will provide as part of this contract include: photo and signature capture, document authentication, and a configurable workflow to efficiently & effectively verify the cardholder’s identity. The implementation of these services will be primarily through Valid’s WebLink ID, software which includes functionality for the 11 Vermont DMV offices to enroll applicants and process secure documents throughout the issuance process. Valid then performs the secure manufacturing and distribution using its central issuance system managed from two secure, fully redundant production facilities which ensures continuity and timely delivery of all secure credentials.
Additionally, Vermont residents may apply for the enhanced driver license/identification card which provides travelers with a low-cost, convenient alternative for entering the United States from Canada, Mexico or the Caribbean through a land or sea port of entry.
“We are privileged to have the opportunity to demonstrate our ability and willingness to be a true partner with Vermont. WebLink ID is a highly configurable solution, which will work seamlessly as Vermont’s needs grow and evolve. We are providing a cost effective solution and a lower risk of implementation for the State of Vermont,” said Michael Fox, Chief Commercial Officer of Identity Solutions for Valid.
“The State of Vermont is excited to be working with Valid to improve the customer experience of Vermont residents”, said DMV Interim Commissioner Wanda Minoli. “Customers will benefit through reduced wait times, improved card security, and – in the near future – the ability to renew online. The economies of scale available from central issuance are expected to generate significant cost savings, an additional benefit to Vermont tax payers”.
For further information, please contact the Investor Relations Department.
Click here for the Notice to the Market.