Unicomp announces agreement with IBM in licensing base Electronic Funds Transfer software.MARIETTA, Ga.--(BUSINESS WIRE)--June 5, 1996--UNICOMP, INC. (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 : UCMP UCMP USIGS Configuration Management Plan ) today announced that its subsidiary, Smoky Mountain Technologies, Inc. (SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ) and IBM have signed an agreement for SMT to license IBM's base Electronic Funds Transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. software (EFT) for General Sales Application (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. Retail) and Supermarket Application. SMT will be adding its Credit Card, Debit Card, Check, EBT EBT See: Earnings Before Taxes , Frequent Shopper and Signature Capture processing software to the IBM EFT packages for both the 4680 and 4690 IBM cash register platforms. The SMT software, part of its UniPay line of products, will be available through SMT and its business partners, transaction processors, and IBM Value Added Resellers (VAR's). The SMT system will work with the IBM platform card readers and printers, and can interface to other peripheral devices such as Personal Identification Number (PIN), Entry Pads, Check Readers, Smart Card Readers and Electronic Signature Pads. This system also supports a second optional back-up Local Area Network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) for "online" operation if the in-store LAN is down, or can be the primary LAN for payment transactions. Stephen A. Hafer, 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 UniComp, said, "We view this licensing agreement with IBM as a strategic move to position and supply our UniPay products to the worldwide installed base of IBM customers and VAR's." Separately, in Business Week's May 27, 1996 issue, Hot Growth Companies The 100 Best Small Corporations, UniComp was ranked sixth in the nation. The ranking was based on a companies three-year results in sales growth, earnings growth, and return on invested capital. This marks the second consecutive appearance by UniComp. In Business Week's May 22, 1995 Hot Growth Companies, UniComp was ranked fourth in both revenues and earnings growth in the United States and the 13th company overall. IBM Distribution Industry provides a broad range of hardware, software, and services to consumer goods manufacturers, wholesale distributors and retailers. Its Raleigh, N.C., facility develops and manufactures POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals and other products and services for the distribution industry. IBM also provides business transformation and IT consulting services to the industry. UniComp, Inc., develops markets and supports computer and payment processing software products for UNIX-based computer systems and point of transaction processors worldwide. The Company licenses its technology to a cross section of industry including, manufacturing, distribution, transportation, public-sector, point-of-sale, and financial transaction processors. Additionally, the Company provides installation, training, systems integration and maintenance servives serving a worldwide network of end user customers, dealers and distributors. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including timely development and market acceptance of its open system products, upgrades to existing products, the impact of competitive products, and pricing, and the other risks detailed from time to time in the Company's publicly available reports. CONTACT: Unicomp, Inc., Marietta Robert Shaver, Vice President, 770/424-3684 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion