QI Systems Inc. has completed the initial shipment of equipment for its new QiWave™ contactless payment system as part of a multi-phase development and supply contract for a campus installation. The hardware sale of approximately $200,000 is expected to be the first of several such orders for QI Systems’ QiWave™ contactless payment technology designed for use in a wide variety unattended applications. QiWave provides a one card payment solution for devices such as laundry equipment, vending machines, printers, copiers and parking equipment, using both contact and contactless cards.
QI Systems Ships Initial QiWave™ Order
First Field Deployment of New Contactless Payment System
DALLAS, TX and VANCOUVER, BC, June 7, 2007–QI Systems Inc. (OTCBB: QIII), a leading developer and integrator of contact and contactless card payment, access control and tracking solutions, today announced that the Company has completed the initial shipment of equipment for its new QiWave™ contactless payment system as part of a multi-phase development and supply contract for a campus installation.
The hardware sale of approximately $200,000 is expected to be the first of several such orders for QI Systems’ innovative QiWave™ contactless payment technology designed for use in a wide variety unattended applications. QiWave provides a one card payment solution for devices such as laundry equipment, vending machines, printers, copiers and parking equipment, using both contact and contactless cards.
About QI Systems
QI Systems Inc. develops and markets innovative chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI’s products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit http://www.qisystemsinc.com.
Matters discussed in this press release are “forward-looking statements” and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements. ![[end]](/resources/bullet/cr80news-4.gif)
