RELEASE: Scytáles AB, together with Netcompany-Intrasoft, wins historic EU Digital Wallet contract

(Information sent by the signatory company).

RELEASE: Scytáles AB, together with Netcompany-Intrasoft, wins historic EU Digital Wallet contract

(Information sent by the signatory company)

STOCKHOLM, Dec. 6, 2022 /PRNewswire/ -- Scytáles AB together with Netcompany-Intrasoft, a member of NETCOMPANY Group A/S, has been awarded the highly anticipated European Digital Identity Wallet contract, encompassing development, consulting and support services .

In 2021, at the height of the COVID-19 pandemic, and following the 2020 announcements by the Commission President, the European Commission announced its plans for a European digital identity framework available to all citizens, residents and EU companies.

The ultimate goal is a secure European electronic identity, available to all EU citizens, across the EU and in all activities. This would include means of digital identification, electronic signatures, document validation and imply transparency in the use of data.

The European Digital Identity Wallet will provide the benchmark for secure and transparent digital identification across the EU, while ensuring the security of the data provided by each citizen. The benefits are multiple, from the ease of use to the reduction of costs for companies and the possibility of carrying out cross-border transactions.

The wallet will be developed by Scytáles AB and Netcompany-Intrasoft, the Luxembourg-based consortium leader, and will be offered to member states and other interested parties to implement the requirements of the regulation on a framework for a European digital identity.

Konstantin Papaxanthis, CEO of Scytáles AB, explained: "Since the global pandemic, the digitization of processes for both businesses and public services has made secure digital identification an imperative. The EU Digital Wallet will simplify the daily lives of EU citizens and businesses and will create growth opportunities for public and private services across the EU We are honored to have been awarded the EU Digital Wallet contract with our trusted partner and proud that the Scytáles world leading technology is recognized".

About Scytales:

Scytáles is a leader in the development of ISO-Mobile Driving Licenses, Mobile DNIs and Derived Mobile DNIs as a complement to Printed Security Documents and Validation mechanisms at the counter and via the web. With our fully ISO compliant technologies, we are the world leader in the new generation of personal credentials that use a mobile phone and authorize what data will be shared. We enable mobility and real-time validation in online and offline modes. Scytáles AB represents Sweden as an expert in various Standardization Bodies. It is headquartered in Stockholm, Sweden with offices in the United States, Greece and Portugal.

www.scytales.com

https://www.linkedin.com/company/scytales-ab/

Media contact:

Anna Seddigh Communications Director aseddigh@scytales.commarketing@scytales.com 0046 (0) 70 988 60 48

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