VeriFone Chooses Sierra Wireless Embedded Modules for its Wireless Point of Sale Devices used Worldwide.Business Editors/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--May 4, 2004 Sierra Wireless Sierra Wireless (NASDAQ: SWIR, TSX: SW) is a wireless communications equipment designer and manufacturer, founded in 1993 and currently headquartered in Richmond, BC, Canada. Sierra's products are sold through indirect channels, such as wireless operators (e.g. will supply its EM3420 CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. 2000 1X module for VeriFone's Omni family of wireless, IP-enabled POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals, ensuring secure and reliable payment transactions Sierra Wireless (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 :SWIR SWIR Short Wavelength Infrared SWIR Software Inspection Report )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SW) today announced that VeriFone, Inc., the worldwide leader in electronic payment solutions, has chosen the Sierra Wireless EM3420, a CDMA2000 1X embedded Inserted into. See embedded system. wireless module, for VeriFone's Omni family of mobile and countertop IP-enabled, wireless point of sale (POS) payment terminals. This high-speed, always-on family of terminals allows mobile retailers to execute secure 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 card transactions anywhere there is CDMA2000 1X coverage. This, the first such agreement Sierra Wireless has made with VeriFone, names Sierra Wireless as the exclusive provider of CDMA2000 1X wireless modules for VeriFone in global markets. VeriFone selected the Sierra Wireless EM3420 to ensure the highest product quality and reliability. Retailers in remote and temporary establishments such as kiosks, trades shows and open air markets will be able to process bank and credit card transactions using fast, "always-on" wireless service. Jason Cohenour, senior vice president, Global Sales for Sierra Wireless said, "We are very pleased that a global leader like VeriFone has joined our growing roster of embedded module customers. Sierra Wireless is looking forward to helping VeriFone bring innovative, high performance wireless payment solutions to this growing segment of the market." VeriFone will integrate the EM3420 into its terminals using Sierra Wireless's Universal Development Kit, an extensive tool set that includes extended AT commands, rich control channel protocol command set (CnS), world class Windows based (1) (Windows-based; upper case "W") Refers to Microsoft Windows. (2) (windows-based; lower case "w") Having resizable windows. Same as "graphics based" or "GUI based." Graphical user interfaces are all windows based. Contrast with text based. configuration and management tools (Watcher), and a documentation set. The UDK UDK Umweltdatenkatalog UDK User Defined Key UDK Universal Developer's Kit UDK Universaliosios Dešimtaines Klasifikacijos (Lithuania) UDK Unixware Development Kit UDK Universal Development Kit , along with Sierra Wireless' comprehensive suite of integration services, will enable VeriFone to get their product to market quickly and cost effectively. "We see the demand for wireless POS Wireless point of sale (wireless POS or WPOS) is the use of wireless devices to facilitate order-taking or payment for products or services. As a rule, a wireless point of sale system consists of a base station directly connected to a central server computer and one or more devices growing substantially over the next several years, so it was important for VeriFone to partner with a company that has proven it can deliver," said Paul Rasori, vice president of marketing at VeriFone. "The combination of Sierra Wireless and VeriFone brings together two leaders in their respective fields focused on delivering high quality, reliable, and cost effective wireless POS solutions to merchants worldwide." The Sierra Wireless EM3420 uses the latest CDMA2000 1X technology. Supporting third generation (3G) digital cellular standards, the EM3420 enables rapid development of exceptional wireless products and solutions. Features include: - A powerful, wireless CDMA engine that easily integrates into host devices. - Best in class technical and integration support to help accelerate end product time-to-market. - Extensive Interface and software offering. - Comprehensive development tools. - Latest QUALCOMM Technology. - GpsOne(TM) and E911 Support. The EM3420 has passed rigorous carrier approval requirements and certification standards and complies with CDMA2000 1X requirements including backwards compatibility backwards compatibility - backward compatibility with IS-95A and IS-95B standards. It provides best-in-class power management to extend battery life and offers voice, data and SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. functionality. For more information about the Sierra Wireless embedded module product line please visit http://www.sierrawireless.com/ProductsOrdering/oemmodules.asp or contact the Sierra Wireless Sales Desk by calling 604-232-1488 or e-mailing sales@sierrawireless.com. For more information on VeriFone products and services, please visit www.VeriFone.com. Note to editors: To view and download images of Sierra Wireless products, please visit http://www.sierrawireless.com/news/photos.asp. About VeriFone VeriFone, Inc., (www.verifone.com) recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow. VeriFone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. VeriFone has shipped over ten million electronic-payment systems, more than twice the number of its nearest competitor. About Sierra Wireless Sierra Wireless is a leader in delivering highly differentiated wireless solutions that enable our customers to improve their productivity and lifestyle. Sierra Wireless develops and markets the AirCard, the industry-leading wireless PC card line for portable computers; embedded modules for OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and wireless applications; the MP line of rugged vehicle-mounted connectivity solutions; and Voq, a line of mobile phones with easy-to-use, secure software solutions for mobile professionals. For more information about Sierra Wireless please visit www.sierrawireless.com. "AirCard" is a registered trademark of Sierra Wireless, Inc. "Voq" is a trademark of Sierra Wireless, Inc. Other product or service names mentioned herein may be the trademarks of their respective owners. Forward Looking Statements This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized. |
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