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UltraCard

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A smart card storage technology from UltraCard, Inc., Los Gatos, CA (www.ultracard.com) that uses a magnetic-coated strip of metal (a "shim") that is drawn almost entirely out of the card by the drive, read and written and inserted back in. It provides 5MB and more of storage, greatly exceeding the storage capacity in smart card chips and adding security by allowing biometric information such as a fingerprint to be used. UltraCards can use any combination of shim, magnetic stripe or contact-based or contactless smart card chip. Disc-shaped shims are expected in the future that will provide up to 2GB of storage. See smart card.

The UltraCard
This illustration of the UltraCard shows the shim extended as if it had been extracted by the drive for reading and writing. Note the smart card contacts. (Image courtesy of UltraCard, Inc.)
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Under the terms of the credit facility, the outstanding principal balance was convertible, at the option of the Lender, into shares of common equity of UltraCard representing a 51% ownership interest.
Upgrade Reports Ownership Change in UltraCard, Inc by Business Wire
UltraCard has committed to delivering the functional soft tool unit, which is a five and a quarter, one half high disk drive equivalent box able to read and write to the UltraCard, within the next 60 days.
Upgrade International Reports on Recent Share Price; Upgrade ... by Business Wire
com) through its ownership interest in UltraCard Inc.
Upgrade Enters Into Debt Financing Agreement for Up to $15 Million by Business Wire
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