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
Symbol (NYSE:SBL)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Symbol Charts.
Symbol (NYSE:SBL)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Symbol Charts.