Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

Lipman Receives Initial Order Totaling $2.2 Million from a Mexican Bank
Wednesday November 30, 4:10 pm ET
Leading Mexican Bank to Deploy Secura(TM) PIN Pads during the Fourth Quarter of 2005

ROSH HAAYIN, Israel--(BUSINESS WIRE)--Nov. 30, 2005--Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) today announced that it has received an initial order valued at $2.2 million from one of Mexico's largest banks. This order for Lipman's Dione Secura(TM) PIN Entry Device is the first for Lipman from a customer in the Mexican market. The order is expected to be supplied during the fourth quarter of 2005.

With the deployment of these PIN entry units, the bank will enable its customers in the multi-lane retail space to upgrade their current payment systems to support secure EMV transactions at the Point-of-Sale.

The Secura(TM) PIN Entry Device is based on Lipman's SecuraCell(TM) Transaction Technology Platform, a unified technology platform designed to comply with the primary global security standards, including EMV and PCI. Designed for ease of use by both consumers and merchants, the Secura features both a magnetic card reader and an EMV chip card reader, a backlit keyboard and LCD display, and a physical privacy shield to ensure transaction security.

Lazy Yanay, Executive Vice President Sales and Marketing of Lipman said, "We are very pleased to receive our first order from one of the largest banks in Mexico. The bank has a significant presence in the multi-lane retail segment of the market and with our solutions it will be able to offer its customers a highly secure, EMV compliant PIN entry configuration. We believe there is significant potential for growth in the Mexican market and intend to capitalize on it."

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 U.S., United Kingdom, Turkey, China, Spain, Finland, Russia, Italy, Canada, Brazil, Argentina, Mexico, Australia and India. For more information visit www.lipman.biz

http://biz.yahoo.com/bw/051130/20051130005803.html?.v=1

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