Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

Lipman Adds GPRS Wireless Capabilities to the Xplorer, Secura Integrated and Xtreme Integrated Payment Systems
Monday June 6, 2:00 am ET


ROSH HAAYIN, Israel--(BUSINESS WIRE)--June 6, 2005--Lipman Electronic Engineering, Ltd. (Nasdaq, TASE: LPMA), today announced that its Dione Xplorer(TM), Secura(TM) Integrated and Xtreme Integrated payment systems now offer a GPRS wireless communication option. The additional GPRS functionality further enhances the versatility of the Xplorer, Secura and Xtreme systems which support Ethernet and, for the Xplorer and shortly the Secura Portable, Bluetooth communications standards. The added GPRS functionality offers merchants a mobile solution enabling payment to be taken almost anywhere at anytime.

Based on SecuraCell(TM) technology, both Xplorer and Secura systems have received EMV approval as well as widely recognized security certifications such as Visa PED and ZKA.

GPRS, or "General Packet Radio Service", is a wireless communications standard that runs at speeds significantly faster than GSM or "Global System for Mobile Communications." GPRS supports a wide range of bandwidths and is therefore well suited for sending and receiving large volumes of data.

The GPRS-enabled Xplorer, Secura and Xtreme systems further expand Lipman's wireless product offering. The Company was among the first in the industry to offer wireless functionality in its terminals, and is currently selling products utilizing fifth generation technology.

Shaun Gray, CEO of Lipman's Dione subsidiary, said, "With the continued expansion of wireless infrastructure, we are seeing growth in the demand for mobile payment systems in a broadening range of industries and for an increasing variety of applications. We believe that there will be significant growth from industries delivering services and products to customer's homes as well as the established demand from trade show and off-site hospitality providers. The addition of wireless payment systems can further simplify the payment process for end customers, helping to drive the continued growth of card-based transactions."

Isaac Angel, President and CEO of Lipman said, "When we acquired Dione, we believed that their products would complement Lipman's NURIT family of products. The addition of GPRS functionality to the Xplorer and Xtreme product lines serves to validate this belief, while further strengthening our overall product suite and providing greater value to our customers by giving them a wide variety of features to meet the changing demands of the market."


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