ANNUAL REPORT 2024 35 AND ANALYSIS MANAGEMENT DISCUSSION Moreover, this serves as a testimony to the Group's dedication and efforts in ensuring robust security measures for all our products and solutions, especially for our core activities with regards to Malaysian Passport, Malaysia National ID (“MyKad”), i-Kad and Europay, Mastercard and Visa (“EMV”)-based financial cards. This marks the second time Datasonic has been awarded this esteemed recognition, displaying our ongoing commitment to cybersecurity innovation. Our first win at the Malaysia Cyber Security Awards in 2018 recognised our groundbreaking work on the MyKad project. This win also provides greater motivation for the Group especially our in-house research and development (“R&D”) team, which we will continue to invest on this front. The enforcement application (“app”) developed by our R&D team as part of the i-Kad project has also culminated in our client, Immigration Department of Malaysia (“IDM”), securing the ‘Project of the Year’ award in the Malaysia Cyber Security Awards 2023. On the other hand, Datasonic had in January 2024 secured the RM135.0 million contract extension for the Malaysia Passport solutions to IDM comprising passport chips, passport documents and polycarbonate biodata pages. The Group also clinched RM28.7 million contract award for the supply of MyKad, MyTentera, MyPOCA raw cards and consumables to the National Registration Department (“NRD”). We are honoured to continue our long-standing partnership with IDM as their entrusted passport solutions provider, a position we have proudly held since 2016. Similarly, the Group is certainly pleased to maintain our role as the sole provider of MyKad to NRD, a responsibility that we took on since 2012. These wins reflect our proven track record, delivery and performance. Datasonic has been able to cater to the strong spike in demand for passports since the reopening of our borders as well as for MyKad while navigating through challenges such as supply chain interruptions and elevated input costs. The passport delivery by Datasonic reached another high in the financial year under review. On our financial cards business, we continue to operate as one of the largest regional personalisation services bureaus in Southeast Asia with the highest issuance and personalisation capacity. The Group’s facility is certified by EMV, serving most of the local and foreign banks in Malaysia. We provide a diverse selection of card solutions, including polycarbonate, metal, motion code, picture and eco-friendly recycled cards.
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