Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

>>Lazy Yanay, Executive VP of Sales <<with this name, he sure
reached afar


Lipman's NURIT 8010 GPRS Receives Sistema 4B Approval in Spain
Monday July 18, 4:10 pm ET


ROSH HAAYIN, Israel--(BUSINESS WIRE)--July 18, 2005--Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) today announced that its EMV compliant NURIT 8010 Point of Sale (POS) terminal has been certified by Sistema 4B in Spain. This certification enables Lipman to sell its NURIT 8010 wireless terminal to all banks that process their payment transactions through Sistema 4B.
Sistema 4B is one of the largest and most highly integrated interbank clearing houses in Europe. Working with over 30 financial institutions, Sistema 4B provides a variety of highly personalized, efficient outsourced transaction processing services. Sistema 4B's network of member banks includes 12,500 ATM units and more than 325,000 POS terminals. In 2003, 572 million transactions, representing a total value of EUR 44 billion, were processed on the Sistema 4B network.

In order to receive the Sistema 4B certification, all terminals must meet strict security, EMV and application requirements. Specific Sistema 4B requirements include implementation of high capacity storage using MMC technology.

Lazy Yanay, Executive VP of Sales and Marketing of Lipman, said, "We are pleased to be able to offer merchants, banks and processors in the Spanish market a highly secure, feature-rich, and truly mobile solution based on professional requirements that are known to be among the most demanding in the industry.

The NURIT 8010 is one of only a few POS terminals to have received this certification. Lipman's local subsidiary developed the Sistema 4B EMV application based on Lipman's EMVCo approved Multi-Configuration Kernel. The development of this technology is further evidence of Lipman's commitment to providing the most advanced and secure POS solutions available in today's marketplace."

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