Symbol (NYSE:SBL)
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From May 2019 to May 2024
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