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QI Systems Inc. Developing New Off-Line Data Collection Solutions to Meet Market Need; Growing Customer Requests Indicate Signif
DALLAS & RICHMOND, British Columbia--(BUSINESS WIRE)--Feb. 22, 2006--QI Systems Inc. (OTCBB:QIIIF), a leading developer and integrator of smart card payment, access control and tracking solutions, today announced that QI product engineers are developing the hardware/ software elements for new, best-of-breed data collection solutions designed for customers in the parking, water, electricity, natural gas and automated vending machine industries.
QI Systems currently offers its QLink line of data collectors using the QI SmartLink smart-card interface. QLink software, operating on various models of Palm, Compaq and HP PDA's, is presently being used for both transaction data collection and remote terminal setup and configuration. QI is now developing the next-generation QLink collector, with the objective of producing very robust, cost-effective solutions for the off-line data collection needs of a variety of industries and municipalities.
Richard Murray, P.Eng., QI's Senior Vice President and General Manager of Canadian Operations, commented, "We have recently been approached by several clients seeking an alternative data-collection solution for the GMX, a widely used data-transfer device produced by Gemplus S.A. We are actively working with these clients to develop and deliver an optimized product that will also appeal to a broad range of industrial and governmental users. I believe that other users may also have a need for a replacement for the GMX, which in turn may result in significant demand for our new QLink collector."
Murray added, "We are soliciting input from all operators, electronic-purse providers and systems integrators with a need for remote data-collection devices. We welcome your enquiries at this time to ensure that the solutions we create will fulfill your requirements."
For product assistance, send an e-mail to products@qisystems.ca, or call Richard Murray at (604) 248-2301.
About QI Systems
QI Systems Inc. develops and markets innovative chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit http://www.qisystems.ca/.
Matters discussed in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements.
Richard Murray, P.Eng., QI's Senior Vice President and General Manager of Canadian Operations, commented, "We have recently been approached by several clients seeking an alternative data-collection solution for the GMX, a widely used data-transfer device produced by Gemplus S.A. We are actively working with these clients to develop and deliver an optimized product that will also appeal to a broad range of industrial and governmental users. I believe that other users may also have a need for a replacement for the GMX, which in turn may result in significant demand for our new QLink collector."
Murray added, "We are soliciting input from all operators, electronic-purse providers and systems integrators with a need for remote data-collection devices. We welcome your enquiries at this time to ensure that the solutions we create will fulfill your requirements."
For product assistance, send an e-mail to products@qisystems.ca, or call Richard Murray at (604) 248-2301.
About QI Systems
QI Systems Inc. develops and markets innovative chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit http://www.qisystems.ca/.
Matters discussed in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements.
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