WAL-MART NAMES TELXON TO SUPPLY HAND-HELD COMPUTER SYSTEMS
WAL-MART NAMES TELXON TO SUPPLY HAND-HELD COMPUTER SYSTEMS AKRON, Ohio, Feb. 18 /PRNewswire/ -- Telxon Corporation (NASDAQ-NMS: TLXN) today announced that Wal-Mart Stores, Inc., (NYSE: WMT) has selected the company to supply wireless spread spectrum Portable Tele-transaction Computer (PTC) systems. Telxon will supply America's leading retailer with Telxon's microcomputer, the PTC-960, and the DATASPAN 2000 Spread Spectrum wireless communications network. The PTC-960, which incorporates a Photographic Sciences Corporation (PSCX-NASDAQ NMS) laser scanner, as well as microprocessing and wireless communications technologies, will be used in the chain's new merchandising and customer service applications. This announcement ends intense competition between three prospective suppliers for this aspect of Wal-Mart's in-store technology strategy. Wal-Mart began using spread spectrum radio technology in portable computers early last year. "This agreement affirms Telxon's position as the leading hand- held systems provider," said Raymond D. Meyo, Telxon president and chief executive officer. "We are proud to be affiliated with the number-one utilizer of technology in the retail industry today." In 1991, Wal-Mart replaced all its in-store computers with the latest in open systems technology. The new PTC-960s from Telxon will extend these systems to the sales floor with fully networked, portable computers. "Telxon's technology has met our open systems and connectivity requirements," stated Bobby Martin, executive vice president, Wal-Mart. "The spread spectrum hand-held computers will compliment the new in-store systems we installed last year, further improving our inventory management and customer service technologies." Telxon is the world's leading designer, manufacturer and marketer of portable hand-held computer systems. Telxon Portable Tele-transaction Computers (PTCs) gather, process and store on- site, real-time data which is communicated to a host computer. These systems incorporate the company's operating and applications software, associated peripheral equipment and communications devices. Telxon's executive and engineering offices are located in Akron, Ohio, and its manufacturing facility is in Houston. Telxon customers are served by more than 50 sales and service offices worldwide. Wal-Mart Stores, Inc., headquartered in Bentonville, Ark., currently operates 1,720 Wal-Mart stores, 208 SAM's Clubs, four Wal-Mart's HYPERMART*USA units and 19 major Distribution Centers across the company's 42-state trade territory. Wal-Mart had sales of $43.9 billion for the fiscal year ended Jan. 31, 1992. Wal-Mart stock trades on the New York and Pacific exchanges. -0- 2/18/92 /CONTACT: Julie L. Ganim, vice president, Corporate Development of Telxon Corporation, 216-867-3700 or 800-800-8001/ (TLXN WMT) CO: Telxon Corporation; Wal-Mart Stores, Inc. ST: Ohio IN: CPR REA SU:
BN-BR -- CL013 -- 9957 02/18/92 12:50 EST EST electroshock therapy.