De La Rue company in UK which provides governments and commercial organisations with products and services that underpin the integrity of trade, personal identity and the movement of goods is in talks with governments to provide COVID-19 immunity certification scheme. The company is looking forward playing a major role in helping travel industry to get back on its feet again.
According to the company’s recent financial report authentication awarded contracts of total multi-year lifetime value exceeding £120m in year to date, with new contracts delivering revenue in H2 2020/21 have been achieved.
De La Rue’s new CEO, Clive Vacher said: “Our first half results have shown a substantial improvement in the Group’s performance, with very strong growth in adjusted operating profit as we increase efficiencies, resulting in positive cash generation from operating activities. I am satisfied with the progress of the Turnaround Plan so far, which is yielding positive improvements across the company.”
The company managed to return to profit in its half-year results. De La rue is planning to offer governments solution for production of and is in ‘early discussions’ regarding ID cards or documents that certifies someone is immune from Covid-19 and unable to infect others.
This could be a key piece in the puzzle of how to get economies functioning at full speed again once a vaccine is rolled out, allowing holidaymakers and office workers to travel around freely again.
De La Rue yet to confirm what type of documentation it is going to print but it could be like a passport or an ID card.