HID Establishes Company in China
He also is leading HID Chinaâ€™s long-term strategy and identifying and developing business expansion and growth initiatives into new markets. Lee reports to Lester Doig, HIDâ€™s Asia Pacific managing director.
Frost & Sullivan, a research company that provides growth consulting and corporate training solutions, has estimated that the APAC contactless smart card market will grow from 57.6 million units in 2003 to 453 million units in 2009 for a compounded annual growth rate (CAGR) of 41 percent.
To support this strategic commitment to the growing Chinese contactless smart card market, HID Technology is centrally located in Shenzhen to increase HIDâ€™s ability to provide localized service and convenient customer and technical support. This office will include warehousing, processing and customizing cards, and shipping.