Samsung Electronics Joins OSPT Alliance Board

  Samsung Electronics Joins OSPT Alliance Board

 Global Electronics Leader Strengthens Commitment to Open Standards Industry
                                   Alliance

Business Wire

MUNICH -- February 21, 2013

The Open Standard for Public Transport™ (OSPT) Alliance today announced that
global technology leader Samsung Electronics has joined the board of directors
of the OSPT Alliance. As a board member, Samsung will join members Giesecke &
Devrient, Infineon Technologies, INSIDE Secure and Oberthur Technologies in
overseeing the strategy and governance of the alliance.

“The OSPT Alliance has been highly effective in advancing open standards for
automated transit solutions, and we are delighted to join its board of
directors,” said Axel Fischer, Director of System LSI Marketing at Samsung
Semiconductor Europe GmbH. “Our increased commitment will help accelerate
awareness of new, advanced options for fare collection systems based on open
standards, and the deployment of new CIPURSE™-based pilot projects throughout
the global transit ecosystem.”

Samsung became one of the first members of the OSPT Alliance in 2011 and has
since worked actively to evolve the CIPURSE standard and grow the
organization, participating in multiple working groups as well as sponsoring
OSPT-related events.

“We are pleased to welcome Samsung to the OSPT Alliance board of directors,”
said Axel Lange, Group Vice President at Giesecke & Devrient and President of
the OSPT Alliance. “Samsung has been committed to open standards from the
start, and their position on the board will enable the OSPT Alliance to
broaden its presence and promote CIPURSE adoption even more effectively.”

Founded in 2010 by technology leaders Giesecke & Devrient, Infineon
Technologies, INSIDE Secure and Oberthur Technologies as a vendor-neutral
industry consortium to advance next-generation automatic fare collection
systems, the OSPT Alliance now has 21 members. Nearly 300 developers
representing leading companies in the worldwide transit ecosystem have
downloaded the CIPURSE specification. The CIPURSE security standard addresses
the need by transit authorities for future-proof automatic fare collection
systems based on advanced, standardized security. Because it is an open
standard, CIPURSE promotes vendor neutrality, cross-vendor system
interoperability, lower technology adoption risks, higher quality and improved
market responsiveness, all of which result in lower operating costs and
greater flexibility for transport system operators.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in technology, opening new
possibilities for people everywhere. Through relentless innovation and
discovery, we are transforming the worlds oftelevisions, smartphones,
personal computers, printers, cameras, home appliances, LTE systems, medical
devices, semiconductors and LED solutions. We employ 236,000 people across 79
countries with annual sales exceeding KRW 201 trillion. To discover more,
please visit www.samsung.com.

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.

Contact:

OSPT Alliance
Patrick Corman, +1-650-326-9648
patrick.corman@osptalliance.org