Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Cadmus Secures Largest International Deal To Date

Cadmus Secures Largest International Deal To Date

Auckland - Wednesday, May 29, 2002 - Payment solutions company, Cadmus Technology Limited (NZSE: CTL), announced today it has secured an additional order to supply its new terminals to Australian systems integrator, On Q Business Systems Pty Ltd. The new order, worth over NZ$4 million, will be delivered over the next 12 months, starting July, and is in addition to the deliveries already made to On Q.

"As a result of this greater than expected demand, and other anticipated orders for our new products, we have reviewed and are substantially increasing our manufacturing capacity. As the new arrangement ramps up from June, this will mean that some product originally forecast for delivery in Q4, will now be delivered in Q1 2003," says Managing Director Ian Bailey.

This order, plus the exclusive heads of agreement with Bartercard Australia Pty Ltd to act as its data processing agent and provide Cadmus pinpads and EFTPOS terminals for up to 20,000 merchants across Australia, means that Cadmus should have over 6,000 units presold into the international market by June 2003. These orders have been obtained within only ten months of marketing the product range internationally. "Because New Zealand is at the leading edge of payment solutions technologies, we have been able to use our R&D skills and our knowledge of advanced EFTPOS solutions to develop products - in this case the Cadmus terminal - that win orders in international markets," says Pat McCammon, Cadmus' General Manager of International Sales and Marketing. The Cadmus AC4500G is a standalone multipurpose terminal with a high-resolution touch panel and backlit graphics display. Built-in Internet connectivity allows for fast loading of programs and other value added services including advertising, promotions and email. The terminal can be further enhanced to provide full smart card capability. ENDS Company Background Cadmus Technology Limited designs, develops and implements innovative point-of-sale payment solutions for merchant businesses worldwide. The company is New Zealand's largest manufacturer and exporter of payment terminals, which it sells into rapidly growing markets worldwide.

The company offers clients several categories of payment and data management solutions, including EFTPOS and data capture terminals, loyalty programmes and customer relationship management solutions. Cadmus also provides end-to-end payment solution and data management services for retail, business payment and transactional processing requirements.

Clients include Bank of New Zealand, WestPacTrust, TAB, GoldBand Taxis, Bartercard Australia Pty Ltd, OnQ Business Systems Pty Ltd and PaySys Malaysia.

For more information, please visit www.cadmustechnology.com

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news