QI Systems (NASDAQ:QIIIF)
Historical Stock Chart
From Jun 2019 to Jun 2024
QI Releases Improved Water System
RICHMOND, British Columbia, Feb. 19 /PRNewswire-FirstCall/ -- QI Systems, Inc.
(OTC Bulletin Board: QIIIF; TSX Venture Exchange: QII.U), is pleased to announce
that it has accepted an order to upgrade the bulk watercontrol and waste water
management systems previously supplied to Aurora Bar Code Technologies of
Edmonton, Alberta and installed at the City of Dawson Creek, B.C. The systems
are based on the QI Card stored value card scheme and operate as off-line
payment and control terminals. The upgrade will add VPN connectivity to these
devices with TCP-IP addressing and will provide full time monitoring and
reporting capability from a server located at the City offices.
QI products support both automated and manual retrieval of transaction and
operational records for report generation. QI has previously supplied various
network configurations of its self-serve payment terminals and has supported
dial-up and hard-wired network topologies. This system, tobe installed in
March, represents a milestone as it is the first QI system which incorporates
direct TCP-IP connectivity with the point of payment. It adds a new level of
remote monitoring and service support for QI products. Anyone who has
experienced the weather in Dawson Creek at this time of year will appreciate the
significance.
The Dawson Creek installation will connect to the city's intranet via a VPN.
The technology also enables Internet connectivity for other QI devices and is
expected to create new market opportunities for them.
Matters discussed in this press release are "forward-looking statements," and
can be identified as such because the context of the statement will include
words such as "expects," "anticipates," or words of similar import. Statements
describing the Company's future plans, objectives or goals are also
forward-looking statements, and are subject to certain risks and uncertainties,
including the financial performance of the Company and market valuations of its
stock, which could cause actual results to differ materially from those
currently anticipated. Consider these factors carefully in evaluating any
forward-looking statements. Forward-looking statements made herein are only made
as of the date of this press release and the Company undertakes no obligation to
publicly update such forward-looking statements. The TSX Venture Exchange does
not accept responsibility for the adequacy of this news release and has not
investigated the validity of these claims.
Approved on behalf of the Board
Steven R. Garman
President and CEO
QI Systems Inc.
This release was issued on behalf of the above organization by Send2Press(TM), a
unit of Neotrope(R). http://www.send2press.com/
DATASOURCE: QI Systems Inc.
CONTACT: Steven Garman of QI Systems Inc., +1-604-248-2301,
Web site: http://www.send2press.com/