Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

Lipman Receives $6.1 Million Follow-on Order from Bank in Turkey
Tuesday May 24, 4:15 pm ET


ROSH HAAYIN, Israel--(BUSINESS WIRE)--May 24, 2005--Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) today announced that it has received a follow-on order for its NURIT 8320 landline terminals from one of the largest privately owned banks in Turkey. The order is valued at approximately $6.1 million, with all deliveries expected during the second quarter of 2005.
Lazy Yanay, VP sales and marketing of Lipman, said, "This order demonstrates our deep commitment to the banking sector in Turkey. We believe that our success in Turkey demonstrates what Lipman can achieve once a particular market segment, such as the banking industry, recognizes the added value, commitment and dedication that Lipman provides."

About Lipman

Lipman is a leading worldwide provider of electronic payment systems. Lipman develops, manufactures and markets a variety of handheld, wireless and landline POS terminals, electronic cash registers, retail ATM units, PIN pads and smart card readers, as well as integrated PIN and smart card ("Chip & PIN") solutions. In addition, Lipman develops technologically advanced software platforms that offer comprehensive and customized transaction processing solutions for its customers, as well as managed professional services such as on-site and call-center support with remote terminal management.

Lipman's corporate headquarters and R&D facilities are located in Israel. Lipman also maintains offices in the US, United Kingdom, Turkey, China, Spain, Finland, Russia, Italy, Canada and Latin America. For more information visit www.lipman.biz

http://biz.yahoo.com/bw/050524/245937.html?.v=1

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