Daleco Wins Contract to Produce Bus Passes
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Daleco Holographics Inc., a subsidiary of Costa Mesa-based American Lightwave Corp., has signed a $348,000, four-year contract to supply holographic bus passes to a Northern California transit district.
Under the contract, Daleco will sell the Alameda-Contra Costa Transit District more than 1 million of the cardboard bus passes each year. The passes are printed with a holographic image to prevent counterfeit cards.
The contract is Daleco’s fifth to supply passes to transit districts, including a $61,920 four-year agreement to provide Orange County with 830,400 holographic cards annually. Total annual value of the five contracts is about $1.2 million, the company said.
The parent company, American Lightwave Corp. in Costa Mesa, recently was valued at $10 million by the Vancouver Stock Exchange and is expected to begin public trading within the next few weeks on the Vancouver exchange, said Michael C. Dale, a director.
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