Lipman Electronic Engineering Ltd (LPMA) (LPMA)

[midastouch017]

Lipman Receives NOVA Certification for Four NURIT Terminals

Tuesday January 10, 2:00 am ET

ROSH HAAYIN, Israel--(BUSINESS WIRE)--Jan. 10, 2006--Lipman Electronic Engineering Ltd. (Nasdaq, TASE: LPMA) today announced that its NURIT 8000S, 8230 and 2085 Point of Sale terminals have received Class A certification and the NURIT 8100 Class B certification from NOVA Information Systems (NOVA), an industry leading provider of payment processing infrastructure in the United States and Europe. The 8000S, 8100 and 8230 can support the full range of NOVA payment processing applications, including credit, debit, checks and gift cards, electronic checks and dynamic currency conversion, while the 2085 can support credit, debit and gift card transactions. With this certification, these terminals can be sold and supported by NOVA to its merchant and financial institution customers.

David Strider, executive vice president, business development and global operations of NOVA said, "The addition of the NURIT terminals to our already broad range of offerings will help to ensure that our customers can select from among the leading solutions in the market, further enhancing the level of value we provide our members. With the vast array of features, communications options, and the high level of security that Lipman's products are known for, we are confident that NOVA can offer a terminal to meet the needs of any merchant or financial institution within our network. We are pleased to incorporate Lipman to our list of industry leading partners and look forward to a long, successful relationship."

Robert Striano, President and CEO of Lipman USA said, "With a broad range of Lipman's POS solutions now certified by NOVA, we believe our NURIT products are better positioned to meet the diverse needs of merchants and financial institutions in the United States. Receipt of these certifications is an important stepping-stone in our strategy to grow Lipman's U.S. business both with financial institutions as well as with the ISO market, which has traditionally represented our primary focus. We have made a great deal of progress in this respect during 2005 and have laid the foundation for the continued growth of Lipman USA in 2006."

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 NOVA

NOVA Information Systems, a leader in the payment processing industry, is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB - News). Combined, NOVA and its affiliate euroConex and Elan, provide global merchant processing services to financial institutions and customers in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 800,000 merchants in the United States and Europe. For more information visit www.novainfo.com.

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