KUALA LUMPUR: Iris Corp Bhd has entered into a contract addendum with Tanzania’s National Identification Authority (NIDA) to complete the delivery of revised deliverables under the principal contract.

       It said the contract was for the procurement, supply of goods and equipment and the implementation of Tanzania’s National Identification System based on smartcard technology.

       In a filing with Bursa Malaysia today, the group noted that the addendum is for a duration of 18 months from the date of signing.

       "The total price for the revised deliverables under the addendum will be US$39.70 million (about RM167.61 million),” Iris said.

       The company said the addendum will not have any effect on the issued and paid-up share capital, gearing and the shareholding of the substantial shareholders of Iris as it does not involve the issuance of shares.

       However, it added that the addendum will contribute positively to the earnings of the group during its tenure. - Bernama