|[September 30, 2013]
India's Kyros Soft Tech Ltd. Joins the OSPT Alliance
MUNICH --(Business Wire)--
Maintaining its momentum throughout the global transportation ecosystem,
the Open Standard for Public Transport (OSPT™) Alliance today announced
that Kyros Soft Tech Ltd., a Hyderabad-based Indian company leader in
smart card and embedded technology innovation, has joined as a Full
Member. The company has been delivering innovative smart card solutions
for a wide range of customers and applications in India for well over a
decade. Kyros also developed the first smart card operating systems for
e-government applications in India.
"Our membership encompasses the leading providers of transit and smart
card solutions around the world and we are pleased to welcome Kyros to
the OSPT Alliance as a Full Member," said Laurent Cremer, executive
director for the OSPT Alliance. "As a global smart card and embedded
systems company, Kyros is very familiar with contactless smart card,
reader, and terminal technologies. It is also well positioned to expand
its expertise in transit solutions with open standards-based solutions
by partnering with the innovative technology leaders who make up the
membership of the OSPT."
India's public transit system carries more than six billion passengers
and 350 million tons of freight annually, based on figures from the
World Bank and Indian Railways. Rapid growth and large-scale
modernization projects are fueling the need for new, standards-based
systems, such as fare collection, loyalty programs, terminal services,
"Security and extensibility are essental elements of modern fare
collection systems," said Renold Ranjit, managing director of Kyros.
"The CIPURSE™ open standard is a smart way to future-proof our offerings
in the Indian market for both traditional and mobile capabilities. We
are committed to helping our transit customers gain the flexibility to
anticipate and meet passengers' needs well into the future."
With strong expertise in embedded and smart card technology, and
commitment to fast product turnaround times, Kyros provides
cost-effective solutions to its clients.
These capabilities enable the company to be a major player in India's
e-governance, banking and finance, transport, telecom, retail and
healthcare markets. Transit solutions based on the CIPURSE secure open
standard allow Kyros to help its clients achieve secure, flexible fare
collection processes that leverage passengers' mobile devices while
adding value to ticketing transactions.
The OSPT Alliance offers the CIPURSE open security standard to address
transit authorities' need for future-proof fare collection systems with
advanced security. As an open standard, CIPURSE promotes vendor
neutrality and cross-vendor system interoperability with reduced
technology adoption risks, higher quality and improved market
responsiveness-all of which can result in lower operating costs and
greater flexibility for transport system operators. CIPURSE also offers
a global basis for rapidly migrating transit fare systems to NFC-enabled
mobile phones and other devices, and the standard supports the adoption
of NFC transit applications for a truly future-proof solution. To apply
for membership as a Full Member, Associate Member or Evaluator, please
go to http://www.osptalliance.org/become_a_member.
About the OSPT Alliance
The OSPT Alliance is an international association chartered to define a
new open standard for secure transit fare collection solutions. It
provides industry education, creates workgroup opportunities and
catalyzes the development and adoption of innovative fare collection
technologies, applications and services. The OSPT Alliance was founded
by leading technology companies, and membership is open to technology
providers, transit operators, consultants, solution vendors, government
agencies and other stakeholders in the transit ecosystem. For additional
information, please visit www.osptalliance.org.
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