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Technology Stocks : Optimal Robotics Corp. (OPMR) -- Ignore unavailable to you. Want to Upgrade?


To: J_W who wrote (183)3/13/2000 2:18:00 PM
From: J_W  Read Replies (1) | Respond to of 325
 
OPMR research and development from the filing:

Research and Development

Our research and development efforts are focused on improving our existing products and developing new products. To date, most of the software relating to our products has been developed internally by our employees.

We will use a portion of the proceeds of this offering to increase research and development efforts in the following areas:

. Developing new products and extending our existing products into additional retail applications.

. Adapting U-Scan self-checkout solutions for use in Europe and other international markets.

. Displaying targeted and relational interactive advertising on a U-Scan station's touchscreen when it is not in use and printing advertising on receipts.
. Expanding the use of radio frequency technology so that the U-Scan Express supervisor can perform more of his or her functions using a wireless hand-held device, which would allow the supervisor to move freely from station to station to assist shoppers. Radio frequency technology would also simplify installation because it would eliminate the need to install wiring to connect the U-Scan Express to the store's information systems.

. Improving the receipt-of-payment function by making the U-Scan Express system more efficient and easier to use. For example, incorporating technology that enables the system to verify customers' signatures and confirm bank balances will allow the system to accept checks without the intervention of a supervisor.