QI Systems Inc. Receives Additional Order From Cale Parking
QI Systems Inc., a leading developer and integrator of contact and contactless card payment, access control and tracking solutions, today announced the Company has received a new order from Cale Systems, Inc., the North American subsidiary of Cale Access AB of Sweden.
The order, valued at US$200,000, is for QI Hybrid card payment terminals for use in Cale self-serve parking machines currently being deployed in a major installation in Oakland, California. The order is expected to be shipped by the end of the 2007 fiscal year (June 30).
Cale Systems Inc.'s President, Pierre Barré, remarked, "We are pleased to continue to offer QI Systems products as part of Cale's parking systems solutions. QI Systems continues to be one of our strongest partners."
Steven R. Garman, President and Chief Executive Officer of QI Systems, stated, "This is the second major order from Cale in our 2007 fiscal year. The business we generate from Cale in fiscal 2007 will almost equal our total revenue for fiscal 2006."
Mr. Garman further commented, "The Cale business, along with other customers' orders previously announced, ensures that we will have a record revenue year in fiscal 2007. Further, the outlook for fiscal 2008 (beginning July 1, 2007) appears even better as we expect to receive large orders for our new QiWave(TM) readers and reload machines."
Cale Systems Inc.'s President, Pierre Barré, remarked, "We are pleased to continue to offer QI Systems products as part of Cale's parking systems solutions. QI Systems continues to be one of our strongest partners."
Steven R. Garman, President and Chief Executive Officer of QI Systems, stated, "This is the second major order from Cale in our 2007 fiscal year. The business we generate from Cale in fiscal 2007 will almost equal our total revenue for fiscal 2006."
Mr. Garman further commented, "The Cale business, along with other customers' orders previously announced, ensures that we will have a record revenue year in fiscal 2007. Further, the outlook for fiscal 2008 (beginning July 1, 2007) appears even better as we expect to receive large orders for our new QiWave(TM) readers and reload machines."
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