SMARTRAC N.V. reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of EUR 64,663,000 compared to EUR 50,674,000 a year ago. EBITDA was EUR 5,366,000 compared to EUR 2,657,000 a year ago. Loss was EUR 345,000 compared to profit of EUR 951,000 a year ago, mainly resulting from a lower other operating income in the first three months of 2013 as compared to the previous year as well as higher administrative expenses. Net cash used in operating activities was EUR 6,685,000 or EUR 0.34 per share compared to net cash provided by operating activities of EUR 5,750,000 or EUR 0.32 per share a year ago, due to the effects from the working capital position and significant insurance inflows in the first quarter of 2012. Capital expenditure was EUR 4,375,000 compared to EUR 11,257,000 a year ago. Basic loss per share was EUR 0.02 compared to basic earnings per share of EUR 0.05 a year ago. The company confirmed target to increase Group sales to full year revenues which come close to the EUR 300 million mark in 2013.

SMARTRAC N.V. announced that Clemens J. Joos shall be appointed Chief Executive Officer (CEO) and Chairman of the Management Board. The Supervisory Board has decided to propose the formal appointment as Director A and Member of the Management Board at the SMARTRAC Annual General Meeting of Shareholders to be held on June 18, 2013. Clemens Joos has a profound resume in the industry equipment, healthcare, and consumer electronics areas, having served in international executive and senior-level roles in Asia, Europe, and the United States. His wide-ranging experience gives him a well-rounded view in competitive, innovative, and rapidly changing market environments.

SMARTRAC N.V. announced the launch of its new SMART-SL and SMART-HERA(R) ID card technologies. Both will be presented to industry professionals at the SMARTRAC booth (#306) at Cartes America 2013. Building on SMARTRAC's long-standing wafer back-end processing, antenna manufacturing, antenna-chip interconnection, and assembling experiences, the SMART-SL product family provides card manufacturers and security printers with thin, flat, and at the same time highly durable ID card inlays with a homogenously flat inlay surface. The new ultra-thin SMART-SL products are manufactured utilizing the company's proprietary and patented palladium bumping and wire-embedding technologies. The reduced inlay thickness of only 200-m is achieved by connecting the antenna with SMARTRAC's unique chip die bonding technology to a copper chip-link carrier substituting commonly available chip module technology. With the new SMART-SL products, card manufacturers are also able to benefit from: 10-year lifetime for RFID inlay and card functionality in the field. Prevention of micro cracks within the card, particularly when using polycarbonate. Easy integration of enhanced security features and additional security layers while meeting ISO card dimension specifications. Highest possible field strength of the RF antenna and ISO compliance for HF, UHF, and NFC. Easy implementation of multi-component cards. Key benefits of the SMART-HERA(R) manufacturing concept are: 10+ years of durability for contactless ID cards made of PVC, PC, and composite materials. Soldered metallic antenna-chip interconnection substituting ageing materials like conductive glue. Best resonance frequency performance. Proven and patented technologies combined with machinery made in Germany. Cohesive manufacturing concept from inlay to quality assurance and testing. The SMART-SL product family and the SMART-HERA(R) manufacturing concept are both aimed at providing card manufacturers and security printers with pioneering and standard-setting new technologies to meet tomorrow's requirements for high-security contactless identity documents.