Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

Lipman Receives Order from the CBORD(R) Group, Inc.
Monday September 12, 2:00 am ET
Company Began Supplying NURIT 8320 Terminals During Q2 2005


ROSH HAAYIN, Israel--(BUSINESS WIRE)--Sept. 12, 2005--Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) today announced that The CBORD Group, Inc., one of the world's leading suppliers of campus card, housing and foodservice management systems for the college and university market, has selected Lipman as the preferred Point-of-Sale ("POS") terminal provider for its Odyssey Campus Card solution.

CBORD made its preferred vendor selection following a Request for Proposal that was released by it to POS vendors in late 2004. The Lipman 8320 will be CBORD-branded and marketed by CBORD as the CBORD "Epic" Card Reader.

Lipman received and supplied its initial order from CBORD in June 2005, after being selected from over 30 POS vendors responding to CBORD's fall 2004 RFP. Lipman expects to receive additional orders from CBORD later this year and in the future. The order from CBORD represents an entirely new market segment for Lipman, namely, campus card systems that include customers in the healthcare, corporate and higher education sectors.

Robert Striano, President and CEO, Lipman USA, said, "This order from CBORD represents the success of our continuing strategic efforts to achieve growth in new market segments. We are pleased to have been selected as the Preferred POS vendor for CBORD and are confident that the Lipman POS Solution will be an integral part of the continued success of CBORD's Integrated Card System Solution."

Bill Bischoff, CBORD's Hardware Operations Manager, commented, "CBORD is pleased to have Lipman as its Preferred POS Solution provider. In addition to the quality and reliability advantages of the NURIT terminals over other solutions we tested, we were extremely impressed by Lipman's service and support capabilities, as well as the dedication of the Lipman staff to CBORD's success."

Read Winkelman, CBORD National Sales Manager, said, "We've been looking for a reader that would provide integrated TCP/IP communications as well as meet our requirements for user-friendly operation. When evaluating new hardware offerings, we pay attention to the number of keystrokes required to perform certain transactions, key location, and card swipe read rate because those things are important to our customers and end users. The Epic met our requirements and proved to be an optimal solution for our preferred suite of applications."

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

About CBORD

The CBORD Group, Inc., founded in 1975, is currently marking thirty years of service to the campus-wide needs of higher-education facilities. CBORD works with a wide variety of clients and markets, including more than 850 colleges and universities, corporations, and healthcare institutions with its cashless and ID card privilege control systems, housing management systems, and Webfood® online ordering service. In addition, CBORD serves thousands of chain restaurants, hospitals, universities, supermarkets, and gaming facilities with its suite of foodservice, catering, and nutrition software products. The CBORD Group has customers in the U.S., Canada, Europe, the Middle East, and Australia.

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