Optimal Robotics U-Scan in Top Ten New Products; Installs New Lab Systems/Signs New Customer.MONTREAL, QUEBEC--(BUSINESS WIRE)--Feb. 3, 1997--Optimal Robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :OPMRF) announced today that its U-Scan Express(TM) automated self-service checkout system was named one of the top ten new products of the year at Scan-Tech 1996 held in Chicago recently. U-Scan Express(TM) was selected because, unlike other self-check out systems, the U-Scan Express(TM) "has the look-and-feel of an ATM machine (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. , does not need random security checks and allows the customer to decide after shopping whether to use self-checkout or normal checkout." The U-Scan Express(TM) system was developed for use in supermarkets, general merchandise retailers, home-improvement centers, hypermarkets and drug stores. The Company also announced that it has recently delivered and installed a new U-Scan Express(TM) lab system at three major retailers and has signed a major retail chain in the Midwest as a new customer. The system is currently being used by such leading retail chains as the Kroger Company, Shaw's Supermarkets This article is about Shaw's Supermarkets. For the historic original Star Market chain owned by the Mugar family, see Star Market. Shaw's, along with sister store, Star Market, is a wholly owned subsidiary of Eden Prairie, Minnesota-based Supervalu. Inc., and the Star Markets Company, Inc. and is to be installed in several retailers in the coming months. The U-Scan Express(TM) System has already attained a 7 percent penetration of the Louisville division of the Kroger Company, U-Scan's first major user, since the first installation in October 1995. Holden L. Ostrin, Vice Chairman of Optimal Robotics said, "Together with our corporate partner PSC (Public Service Commission) Same as PUC. , Inc. (NASDAQ:PSCX PSCX PowerShell Community Extensions (Microsoft Window) ), we continue to increase penetration of the retail market with the U-Scan Express(TM) system. We are currently in discussion with numerous other retailers, including both food and non-food companies regarding potential orders." Ostrin also announced that Optimal Robotics has retained KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , a New York-based investor relations Investor relations The process by which the corporation communicates with its investors. firm, to support the Company in the area of investor and financial communications. Commenting on the appointment, he said, "With the Company now strongly capitalized and with our planned growth and expansion, we believe the timing is appropriate to actively support the investment community. Optimal Robotics is still a relatively undiscovered investment opportunity and we intend to communicate our exciting product developments and growth potential." Optimal Robotics Corp. develops, markets, assembles, installs and services automated self-service transactions systems designed for use in retail point-of-sale applications. Its principal product is the U-Scan Express(TM) System, an automated self-service checkout system initially developed for use in supermarkets. The U-Scan Express(TM) System is designed to reduce the cost of checkout transactions to retailers and increase shoppers' convenience by providing a level of service and convenience similar to that provided in the banking industry by ATMs. CONTACT: OPTIMAL ROBOTICS CORP. Holden L. Ostrin 514/738-8885 or KCSA Adam I. Friedman/Joseph A. Mansi 212/682-6300, ext 215/205 212/697-0910 (fax) KCSA@aol.com(e-mail) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion