Optimal Robotics Corp. Announces Partnership With IBM
Business Wire - July 15, 1998 10:02
MONTREAL--(BUSINESS WIRE)--July 15, 1998--Optimal Robotics Corp. (NASDAQ:OPMRF) today announced that it has signed a Cooperative Marketing Agreement with IBM Corporation which enables IBM to jointly market and sell U-Scan(R) Express, Optimal's automated self-service retail checkout system, in the U.S.
Under the agreement, Optimal will join the IBM Solution Developer Program's Software Vendor Marketing Partnership. IBM will jointly market and sell U-Scan(R) Express to its retail point-of-sale (POS) customers in the U.S. The IBM POS platform is the most widely used POS platform for retailers in North America. U-Scan(R) Express integrates seamlessly with IBM POS terminals.
Commenting on the agreement, Henry M. Karp, Executive Vice President & Chief Operating Officer of Optimal Robotics, stated, "We are proud to partner with IBM, the most respected company in retail technology, on U-Scan(R) Express. Our agreement with IBM is another step toward achieving our objective of rapidly expanding the sales and distribution of U-Scan(R) Express. We believe that IBM, being the leader in POS checkout, will make an important contribution to Optimal reaching its goals. We look forward to working closely with IBM."
Optimal Robotics is the leader in the development and implementation of automated self-checkout systems for retail applications. The U-Scan(R) Express system is designed to reduce the cost of checkout transactions to retailers and increase shoppers' convenience by providing a level of service and convenience similar to that provided in the banking industry by ATMs. The U-Scan(R) Express system is currently being used by such leading retailers as The Kroger Co., Wal-Mart Stores, Inc., Meijer Inc., Marsh Supermarkets, Inc., Shaw's Supermarkets, Inc. and Star Market Company Inc.
In addition to historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. The Company's future actual results could differ materially from the forward-looking statements discussed herein.
IBM is a registered trademark of International Business Machines Corporation.
CONTACT: Optimal Robotics Corporation
Henry M. Karp, 514/738-8885
henrymk@optimal-robotics.com |
