Netopia and Precidia Team to Offer POS Solution; Joint Development and Marketing to Improve POS Transactions.Business Editors/High-Tech Writers Electronic Transactions Association Conference Booth #131 EMERYVILLE, Calif.--(BUSINESS WIRE)--April 20, 2004 Netopia, Inc. (Nasdaq:NTPA NTPA National Tractor Pull Association NTPA New Trades Processing Architecture NTPA Naval Technical Proficiency Assist ), a market leader in broadband gateways and service delivery software, and Precidia, a global leader in IP enabling products for a wide range of industries, announced the two companies will work together to offer retailers an efficient and cost-saving Point-of-Sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) solution. Retailers today use slow dial-up lines, costly frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. or dedicated circuit lines to connect remote POS terminals to credit card processing centers and the retailer's corporate headquarters. Many retailers are migrating to broadband for POS applications to avoid the expense of frame relay and dedicated circuit lines as well as the poor performance of dial-up service. In the past, such a migration required retailers to replace all their existing POS terminals. Netopia's netOctopus(R) POS Manager, broadband routers and Precidia's POSConnect Products, the EtherDial and Ether232Plus, allow retailers to migrate to IP, without replacing their terminals, at a significant cost savings. When retailers want to migrate to broadband, they need only connect their existing terminals to the Precidia EtherDial instead of the modem or Frame Relay line. Precidia's device accepts the data from the existing terminal and converts it to Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) traffic. The IP traffic is sent to Netopia's router, supporting secure VPNs and a managed firewall. Both the Precidia EtherDial and the Netopia router are managed by the netOctopus POS Manager. By using the combination of Netopia and Precidia products, retailers can migrate to a secure broadband connection See broadband and wireless broadband. to increase transaction speeds--reducing the time required to execute transactions from approximately 30 seconds to less than a few seconds--and eliminate the need to retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in their existing POS devices. The netOctopus POS Manager can manage new and existing hardware with simple commands by a network administrator at a single, central location. One management system can manage the Netopia broadband equipment, secure VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. connections, security, and the Precidia device, enabling simplified installations and ongoing maintenance of highly distributed retail chains. "Retail chains want to benefit from low cost, high speed broadband lines to improve credit card transaction times, but they want to do it in the most cost-effective way possible," said Dano Ybarra, vice president of marketing, Netopia. "By partnering with Precidia, we are able to help retailers leverage their existing POS equipment and eliminate the high cost and complexity typically associated with retrofitting POS terminals." "Precidia is committed to providing technologies that help businesses improve productivity. Our partnership with Netopia is key to enabling retailers to move to broadband without the cost of retrofitting their existing Point-of-Sale (POS) equipment," said Deepak Wanner, president of Precidia Technologies. Netopia and Precidia will demonstrate their joint capability at the Electronic Transactions Association conference April 20 - 22 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV. Netopia will use a traditional POS terminal from Verifone, which uses dial-up for credit card authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. , connected to a Precidia device to demonstrate a successful migration to broadband. People will be able to see first hand how the Precidia EtherDial successfully sends data over the Internet. The Precidia EtherDial will connect to a Netopia router, which will create a VPN for a secure communication session to a payment processor site. This connection allows the data originally intended to travel over a dial-up line for authentication to travel over a secure VPN connection through the Public Internet for authentication. The authentication time is reduced from approximately 30 seconds to less than a few seconds. For additional information or to arrange a demonstration, please contact Netopia at 1-510-420-7400, or visit Netopia at ETA in Booth #131. About Precidia Precidia Technologies Inc. is a global leader in the design and manufacture of IP access devices for a wide range of industries, including retail payments and building automation. With customers in over 70 countries, Precidia's unique product line of wired and wireless access devices seamlessly migrate stand-alone serial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com About Netopia Netopia, Inc. is a market leader in broadband and wireless products and services that simplify and enhance broadband delivery to residential and business-class customers. Netopia's offerings provide carriers and broadband service providers An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. with feature-rich DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary smart modems, routers and gateways, software that simplifies installation and reduces ongoing support needs, as well as value-added services to enhance their revenue generation. Netopia's Wi-Fi CERTIFIED See Wi-Fi Alliance. (TM) gateways include 3-D Reach(TM) technology delivering enhanced wireless range, security and performance. Netopia's DSL smart modems, routers and gateways come with a suite of installation wizards and support utilities that offer a comprehensive approach to installation, deployment, service provisioning, application setup, self-diagnostics and troubleshooting. Netopia provides value-added services with its server software platform, including the netOctopus(R) suite of gateway and PC management and customer support software solutions, a server-based Parental Controls This article is about computer options. For the television show, see Parental Control (TV series). Parental controls are options, typically included in digital television services, computer and video games, or computer software used to access the Internet, that subscription service, and the Web eCommerce server software. netOctopus Desktop Support and eCare software enable broadband service providers and enterprises to support customers and devices by remotely viewing and operating the desktop or other device. Netopia has established strategic distribution relationships with leading carriers and broadband service providers including BellSouth, Covad Communications, EarthLink, Eircom, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. Telecom/PCCW, MegaPath Networks, Netifice, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications, Swisscom and Verizon. Headquartered in Emeryville, Calif., Netopia's common stock trades on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (R) under the symbol "NTPA." Further information about Netopia can be obtained via phone 510-420-7400, fax 510-420-7601, or on the Web at www.netopia.com. All company names, brand names and product names are trademarks of their respective holder(s). |
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