Company Innovative Card Technologies Inc.

Innovative Card Technologies, Inc. (Innovative Card) develops and markets secure powered cards for payment, identification, physical and logical access applications. The Company's main focus is on developing one-time-password (OTP) solutions. Innovative Card's main OTP product is the ICT DisplayCard. The ICT DisplayCard integrates the security of an OTP token directly into a card the size of a standard credit or debit card. A token is a portable physical device, typically in a key-fob form factor, that generates the OTP. At the push of a button, the ICT DisplayCard displays, a one-time passcode. During a transaction, this number is entered into a user interface with other information (such as the user's static PIN and login name). This information is relayed to a backend system for multi-factor authentication. InCard does not provide the backend authentication server, but rather will integrate the ICT DisplayCard into authentication systems provided by other companies.