QI Systems and SmartCentric Technologies Sign Development and Supplier Contract

QI Systems Inc. (OTCBB: QIIIF) and SmartCentric Technologies International Ltd, leading developers and integrators of contact and contactless card payment solutions, announced that they have signed a multi-phase development and supplier contract.
The agreement will combine SmartCentrics SmartCity products for multi-application and payment solutions with a wide variety of QI Systems unattended devices, including, but not limited to, laundry equipment, vending machines, printers, copiers and parking equipment, using both contact and contactless cards.

The unique partnership between QI Systems and SmartCentric will provide university and corporate campuses with new opportunities for expanded use of the SmartCentric SmartCity multi-application family of smart card solutions, which can be used both on-campus and off and will allow for remote data collection and hot-listing of lost or stolen cards. These solutions include Off-Campus Merchant programs, parking and transportation and are part of the full suite of SmartCity solutions which includes Secure IT access, logical access, Web Revalue of cards, and Digital Certificates.

President and Chief Executive Officer of QI Systems Inc., Steven R. Garman, comments: QI Systems has a history of enabling unattended devices on campus to make one-card payment and tracking solutions a reality. Additionally, QI Systems has a high level of expertise working with a variety of companies in the proprietary stored value space. The agreement with SmartCentric provides the Company with a unique opportunity to work on global projects with a corporation that has been a pioneer in both industries.

Stephen B. Riegel, QI Systems Vice President of Business Development added: We are pleased to be working with a quality organization such as SmartCentric and share their ongoing vision of excellence and spirit of innovation and leadership. As SmartCentric moves forward with their next generation of card ID and payment solutions, QI Systems looks forward to supporting their efforts and providing them with quality products.

Kieran Timmins, CEO of SmartCentric comments The QI Systems partnership enables us to accelerate our plans to provide our customers with a real choice of card platforms for e-payments including contact and contactless. We anticipate that the first major product deployment will be delivered in early 2007. The partnership also allows us to solve the issue of transaction collection and hot-listing of lost or stolen cards by providing collection methods using TCP/IP and/or WiFi.

Chris Rizzetto, Director of Sales for SmartCentric in North America adds This partnership will be sure to offer immediate benefits to our current and prospective customers.
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