Hypercom Offers Extended Warranties Through Aon Warranty Group.PHOENIX & CHICAGO -- Hypercom Corporation (NYSE NYSE See: New York Stock Exchange : HYC HYC Houston Yacht Club (Texas) ) and Aon Warranty Group, a unit of Aon Corporation (NYSE: AOC AOC, n an acronym for the Aromatherapy Organizations Council. ), announced today a multi-year agreement to provide extended warranty The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. plans for select Hypercom electronic payment terminals. The agreement will enable Hypercom customers to extend the term protection of Hypercom's standard industry-leading warranty for a total coverage of five years. Under the terms of the current agreement, Aon Warranty Group will serve as the primary obligor and provide underwriting, consulting services and claims administration of its enhanced service Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; contracts for U.S. retailers that purchase Hypercom's Optimum series of multi-lane card payment terminals. Aon has selected Hypercom to handle the product maintenance during the extended warranty term. Both parties plan to expand the agreement to cover additional Hypercom products and geographic regions, with Aon's global footprint providing the ability to offer extended warranties across much of Hypercom's worldwide customer base. "For Hypercom customers, this agreement offers the added security of knowing that their mission-critical payment terminal infrastructure can be protected for an extra term. For Hypercom, it represents part of a broader plan to strengthen our service capabilities and profitability," said John H. Andrews, Senior Vice President of Hypercom Global Customer Service. "Partnering with an industry leader like Aon will enable us to offer new and innovative warranty programs that will benefit our customers as well as our own business." "This partnership will give Hypercom customers an affordable way to protect their investment, save on repair costs, and ultimately differentiate themselves from the competition as the program expands," said Mike Frosch, President of Aon Warranty Group North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Non-Automotive. "This is an intuitive and strategic relationship that will benefit all parties involved." About Aon Warranty Group (www.aonwarranty.com) Aon Warranty Group, soon to be acquired by Onex Corporation Onex Corporation TSX: OCX is a Toronto based investment firm. It was founded in 1983 by Gerry Schwartz. Today it is a publicly traded company but Schwartz has 67.6% of the voting control and continues to serve as Chairman and CEO. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :OCX (OLE Control EXtension) A component software technology from Microsoft that enables a Windows program to add functionality by calling ready-made components. Generally called "OLE controls" or "OLE custom controls," they appear to the end user as just another part of , www.onex.com) and renamed "the warranty group", is a world leader in sales, service and underwriting of mechanical repair agreements with over $4 billion in assets and $1.5 billion in revenue. Aon Corporation (www.aon.com) is a holding company comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries with annual revenues in excess of $8 billion and over 55,000 employees in 125 countries worldwide. About Hypercom (www.hypercom.com) 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. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding 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, 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 ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; market acceptance of new products and services; the performance of suppliers and subcontractors; risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. 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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