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Caracas, Venezuela, December 5th, 2007.- In the wake of the one of the closest and important elections in Venezuelan history, Smartmatic today announced that its voting solution, the Smartmatic Automated Election System (SAES), performed with complete reliability and accuracy. During the referendum, the SAES machine transmitted accurately, rapidly and reliably, and after the polls closed, the Venezuelan Electoral Council and representatives of the different political parties successfully audited 54% of the voting machines.

"In one of the most critical and closest elections in our history, Venezuelans have peacefully accepted a razor thin margin of victory, and at Smartmatic, we believe this consensus would be impossible without our trusted voting solution,'' said Antonio Mugica, Chief Executive Officer, Smartmatic.

In the extremely close Referendum, voters rejected 69 amendments to the Venezuelan Constitution by a margin of less than 1.5%. Key electoral statistics include:

  • Automated voting centers: 10,547 (95.8%)
  • Voting machines used: 32,939
  • Registered Voters: 16,049,654
  • Time to Cast Vote: Less than 30 seconds

Used in Venezuela since 2004, Smartmatic's SAES electronic voting technology is the most secure, accurate and reliable system in the world. The SAES system randomly stores and encrypts votes in seven different places, guaranteeing 100% security and auditability of the voting process. In addition, all Smartmatic voting systems are equipped with a voter verified paper trail (VVPT) printed on security-enhanced paper as soon as each vote is cast. This ballot ''receipt'' shows the vote the machine has just recorded and allows the voter to verify that their vote was recorded correctly. It also serves as a physical backup in the event of an audit.

"In light of the Referendum's results, it is time for the cloud over Venezuelan democracy to lift and for the world to recognize once and for all that our elections meet the highest standards of fairness, accuracy and transparency,'' added Antonio Mugica.

About Smartmatic

Smartmatic is a multinational company that specializes in the design and end-to-end deployment of complex purpose-specific technology solutions. With an unsurpassed technology base, continuous innovation, and quality in processes and results, Smartmatic is organized around three business areas: Electronic voting systems, intelligent and integrated security systems for large enterprises and governments, and advanced solutions for people registration and authentication for a wide range of government applications.

Smartmatic is a privately held company with offices in the US, Mexico, Venezuela, Barbados, Spain, Philippines and Taiwan.  It has more than 200 employees worldwide.  Its capacity for innovation and wide range of products and services have earned Smartmatic extensive recognition in the technology community worldwide.

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