[0] Hand Held Products and @pos.com Agree to Expand License for Retail POS Terminal Technology Platforms.Business Editors/High Tech Writers SKANEATELES FALLS, N.Y.--(BUSINESS WIRE)--Feb. 14, 2001 Hand Held Products (HHP HHP Hand Held Products (Barcode Reader Manufacturer, Charlotte, NC) HHP Holistic Health Practitioner HHP High Hydrostatic Pressure HHP Honolulu Heart Program HHP Hydraulic Horsepower HHP Hand-Held Phone ) and @pos.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: EPOS (Electronic Point Of Sale) See point of sale. ) announced they have completed an agreement where HHP will license @pos' Penware 1500 and iPOS 3100 point-of-sale (POS) technology platforms. The agreement gives HHP complete control of the design, development and manufacture of HHP's popular Transaction Team POS terminals. The agreement, dated December 29, 2000, is a replacement of the limited manufacturing license contract signed between the two companies in January 2000, and enhances HHP's ability to respond directly to its customers' specific requests for modifications, customizations and improvements. The agreement gives HHP a non-exclusive, worldwide and perpetual PERPETUAL. That which is to last without limitation as to time; as, a perpetual statute, which is one without limit as to time, although not expressed to be so. license for @pos' Penware 1500 and iPOS 3100 technology platforms. Under the agreement, HHP can modify the @pos.com terminal technology platforms to meet its evolving customer and market requirements. Enhancements by HHP to the terminal technology platforms are the exclusive property of HHP. @pos.com will retain all rights and titles to the existing technology platforms and will continue further research and development. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kevin Jost, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HHP, "The agreement will allow us to accelerate product improvements and feature enhancements of this exciting new product line. HHP is now selling, marketing, engineering, and manufacturing the TT3100 terminals. The Transaction Team terminal family is being widely adopted by leading retailers for POS automation projects and has been a key driver to our business growth in the retail POS market. This latest agreement with @pos.com, secures HHP's ability to provide continued product enhancements and customer support." "This expanded agreement leverages HHP's strengths as a high quality POS product provider and showcases @pos.com's engineering design expertise," commented Llavan Fernando, @pos.com's CEO and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . "In addition, it allows @pos to focus on the next generation technology for the POS environment." About Hand Held Products Hand Held Products, Inc. is a global leader in image-based data collection, offering the industry's most complete and affordable line of image-based hand held bar code scanners A device specialized for reading bar codes and converting them into either the ASCII or EBCDIC digital character code. Pen scanners, also known as wand scanners, were the first type of bar code scanner developed in the 1970s. , mobile computers and retail peripherals. More information on Hand Held Products' product lines is available at www.handheld.com or 1-800-582-4263. About @pos @pos (OTC BB: EPOS) is the pioneer in Web-enabling the point-of-sale and point-of-presence environments. @pos' technology allows its licensing partners and customers to utilize secure interactive transaction products for electronic signature capture, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. and credit payments, display advertisements, promotions, and surveys. For more information, see www.atpos.com, email to info@atpos.com, or call 1-408-468-5400. Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including price and product competition, design acceptance by customers, financing constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. , the ability to manufacture new products in sufficient volume, general economic conditions, and other risks as detailed from time to time in SEC reports and filings by @pos.com. Note to Editors: PenWare and iPOS are trademarks of @pos.com, Inc. All other products or company names mentioned are used for identification purposes only and may be trademarks or registered trademarks of their respective owners. Additional and alternative photos available upon request. |
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