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13 May 2021 | 14:31

De La Rue renews contract with Microsoft

(Sharecast News) - De La Rue has signed a five-year renewal of its contract with Microsoft, the banknote printer said on Thursday. The contract - to provide innovative authentication products to Microsoft's OEM, Retail and Xbox channels - has been extended until 2026.

Under the contract, De La Rue's secure global supply chain "will deliver solutions to Microsoft's partners around the world while reducing carbon footprint and delivering innovative brand protection through unique physical and digital technologies," it said.

The company has also been awarded contracts for digital tax stamp schemes with two Tier 1 countries. It said this demonstrates its "continued growth" in the Government Revenue Solutions market.

"These contract wins are in line with De La Rue management Turnaround Plan expectations," it said.

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