Symbol Technologies and Hypercom Announce First Multi-Lane Electronic Payment Terminal Orders
16 November 2006 - 3:29PM
Business Wire
Symbol Technologies, Inc. (NYSE:SBL), The Enterprise Mobility
CompanyTM, and high security electronic transaction solutions
provider Hypercom Corporation (NYSE: HYC) today announced the
receipt of the first product orders for Symbol�s new PD8700 and
PD4750 multi-lane electronic payment terminals. The orders for the
Symbol-branded, Hypercom-manufactured secure electronic payment
devices were received from a leading U.S. specialty retailer of
women�s apparel and accessories, as well as one of the world�s
leading maternity apparel retailers. �Working with Hypercom is
enabling Symbol to provide our customers with industry-leading
electronic payment solutions,� said Sal Iannuzzi, president and
chief executive officer, Symbol Technologies. �The speed in which
we closed these first two deals is a testament to the quality of
Hypercom products and cooperative sales effort to provide customers
with premier business solutions.� �This OEM relationship with
Symbol is consistent with our strategy to move from direct to
indirect sales in the large multi-lane retailer space, and these
first orders demonstrate that we made the right decision as a
matter of strategy and in choosing Symbol as a partner,� said
William Keiper, president and chief executive officer, Hypercom
Corporation. �The teamwork between the companies made it possible
to put all the pieces in place in half the time we anticipated and
enables us to quickly provide payment terminal solutions to help
customers improve business operations.� The Symbol PD8700 and
PD4750 offer next-generation technology with industry-leading
transaction speeds and the ability to handle multi-step
transactions such as credit/debit authorization, electronic
signature capture, customer messaging, and promotional advertising.
The payment terminals also meet the strict security requirements
set by VISA PCI-PED, Interac (Canada) and EMV. Equipped with
bright, large screens, these terminals are designed for an easy and
intuitive payment experience for customers. The PD8700 and PD4750
incorporate the industry�s only dual head magnetic stripe readers
which significantly reduce the need for customers to swipe their
cards more than one time and speeds them through the checkout lane.
Optional payment interfaces on these devices include contactless
payment and a smart card reader. About Hypercom Global payment
technology leader Hypercom Corporation delivers a full suite of
high security, end-to-end electronic payment products and services.
The company�s solutions address the high security electronic
transaction needs of banks and other financial institutions,
processors, large scale retailers, smaller merchants, quick service
restaurants, and users in the transportation, healthcare, prepaid,
unattended and many other markets. Hypercom solutions enable
businesses in more than 100 countries to securely expand their
revenues and profits. More information is available at
www.hypercom.com. About Symbol Technologies Symbol Technologies,
Inc., The Enterprise Mobility Company�, is a recognized worldwide
leader in enterprise mobility, delivering products and solutions
that capture, move and manage information in real time to and from
the point of business activity. Symbol enterprise mobility
solutions integrate advanced data capture products, radio frequency
identification technology, mobile computing platforms, wireless
infrastructure, mobility software and world-class services
programs. Symbol enterprise mobility products and solutions are
proven to increase workforce productivity, reduce operating costs,
drive operational efficiencies and realize competitive advantages
for the world's leading companies. More information is available at
www.symbol.com. Hypercom and Optimum & Design are registered
trademarks of Hypercom Corporation. All other products or services
mentioned in this document are trademarks, service marks,
registered trademarks or registered service marks of their
respective owners. This press release includes statements that may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding new executive appointments, market share
growth, market acceptance of new products, product performance,
product sales, revenues and profits. These forward-looking
statements are based on management�s current expectations and
beliefs and are subject to risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. In particular, factors that could cause
actual results to differ materially from those in forward-looking
statements include the ability to win new customers and new
businesses; industry, competitive and technological changes; the
loss of, and failure to replace any significant customers; the
composition, timing and size of orders from and shipments to major
customers; inventory obsolescence; market acceptance of new
products and services; the performance of suppliers and
subcontractors; risks associated with international operations and
foreign currency fluctuations; the state of the U.S. and global
economies in general and other risks detailed in our filings with
the Securities and Exchange Commission, including the Company's
most recent 10-K and subsequent 10-Qs. Forward-looking statements
speak only as of the date made and are not guarantees of future
performance. We undertake no obligation to publicly update or
revise any forward-looking statements. HYCP Symbol Technologies,
Inc. (NYSE:SBL), The Enterprise Mobility Company(TM), and high
security electronic transaction solutions provider Hypercom
Corporation (NYSE: HYC) today announced the receipt of the first
product orders for Symbol's new PD8700 and PD4750 multi-lane
electronic payment terminals. The orders for the Symbol-branded,
Hypercom-manufactured secure electronic payment devices were
received from a leading U.S. specialty retailer of women's apparel
and accessories, as well as one of the world's leading maternity
apparel retailers. "Working with Hypercom is enabling Symbol to
provide our customers with industry-leading electronic payment
solutions," said Sal Iannuzzi, president and chief executive
officer, Symbol Technologies. "The speed in which we closed these
first two deals is a testament to the quality of Hypercom products
and cooperative sales effort to provide customers with premier
business solutions." "This OEM relationship with Symbol is
consistent with our strategy to move from direct to indirect sales
in the large multi-lane retailer space, and these first orders
demonstrate that we made the right decision as a matter of strategy
and in choosing Symbol as a partner," said William Keiper,
president and chief executive officer, Hypercom Corporation. "The
teamwork between the companies made it possible to put all the
pieces in place in half the time we anticipated and enables us to
quickly provide payment terminal solutions to help customers
improve business operations." The Symbol PD8700 and PD4750 offer
next-generation technology with industry-leading transaction speeds
and the ability to handle multi-step transactions such as
credit/debit authorization, electronic signature capture, customer
messaging, and promotional advertising. The payment terminals also
meet the strict security requirements set by VISA PCI-PED, Interac
(Canada) and EMV. Equipped with bright, large screens, these
terminals are designed for an easy and intuitive payment experience
for customers. The PD8700 and PD4750 incorporate the industry's
only dual head magnetic stripe readers which significantly reduce
the need for customers to swipe their cards more than one time and
speeds them through the checkout lane. Optional payment interfaces
on these devices include contactless payment and a smart card
reader. About Hypercom Global payment technology leader Hypercom
Corporation delivers a full suite of high security, end-to-end
electronic payment products and services. The company's solutions
address the high security electronic transaction needs of banks and
other financial institutions, processors, large scale retailers,
smaller merchants, quick service restaurants, and users in the
transportation, healthcare, prepaid, unattended and many other
markets. Hypercom solutions enable businesses in more than 100
countries to securely expand their revenues and profits. More
information is available at www.hypercom.com. About Symbol
Technologies Symbol Technologies, Inc., The Enterprise Mobility
Company(TM), is a recognized worldwide leader in enterprise
mobility, delivering products and solutions that capture, move and
manage information in real time to and from the point of business
activity. Symbol enterprise mobility solutions integrate advanced
data capture products, radio frequency identification technology,
mobile computing platforms, wireless infrastructure, mobility
software and world-class services programs. Symbol enterprise
mobility products and solutions are proven to increase workforce
productivity, reduce operating costs, drive operational
efficiencies and realize competitive advantages for the world's
leading companies. More information is available at www.symbol.com.
Hypercom and Optimum & Design are registered trademarks of
Hypercom Corporation. All other products or services mentioned in
this document are trademarks, service marks, registered trademarks
or registered service marks of their respective owners. This press
release includes statements that may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding new executive
appointments, market share growth, market acceptance of new
products, product performance, product sales, revenues and profits.
These forward-looking statements are based on management's current
expectations and beliefs and are subject to risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. In particular, factors
that could cause actual results to differ materially from those in
forward-looking statements include the ability to win new customers
and new businesses; industry, competitive and technological
changes; the loss of, and failure to replace any significant
customers; the composition, timing and size of orders from and
shipments to major customers; inventory obsolescence; market
acceptance of new products and services; the performance of
suppliers and subcontractors; risks associated with international
operations and foreign currency fluctuations; the state of the U.S.
and global economies in general and other risks detailed in our
filings with the Securities and Exchange Commission, including the
Company's most recent 10-K and subsequent 10-Qs. Forward-looking
statements speak only as of the date made and are not guarantees of
future performance. We undertake no obligation to publicly update
or revise any forward-looking statements. HYCP
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