Wednesday April 1, 8:01 am Eastern Time
Company Press Release
DataCard Corporation to Resell Nexar Technologies' XPA PC For Photo ID Product Line
Nexar's XPA(tm) Design Provides Upgradability for Customized Photo ID Systems; Strategic Private Label Agreement Expands Nexar's OEM Channel
SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--April 1, 1998-- Nexar Technologies, Inc., (Nasdaq:NEXR - news) a manufacturer of customizable and upgradable PCs, today announced that it has signed an OEM agreement with DataCard Corporation, a leading provider of systems and solutions for financial and identification applications. Under the agreement, DataCard will resell Nexar's XPA(tm) (Cross Processor Architecture) PC as part of its photo ID system.
Bundling its QuikWorks(tm) identification software with the XPA PC workstation, DataCard will market and distribute the robust, plug-and-play compatible photo ID systems directly to its customers in the corporate, government, education and other markets.
The highly flexible and scalable XPA technology enables DataCard to provide its customers with customized systems that are easily upgraded as new technologies emerge or as their computing needs increase.
''The Nexar XPA PC is feature-rich and highly reliable with an attractive price point, allowing us to provide our customers with exceptional performance and value,'' said Doug Hartman, director of purchasing, DataCard Corp. ''As we continue to market more software-driven solutions, the PC workstation becomes a critical component of our product offering.''
''This agreement furthers our expansion into the OEM market, providing significant growth opportunities for Nexar while giving DataCard a truly differentiated product for its customers,'' said Albert J. Agbay, chairman and chief executive officer, Nexar Technologies, Inc. ''Nexar's flexible PC design complements DataCard's reputation for quality and value-added service to provide the highest-performance customized photo ID solutions.''
About DataCard
DataCard is a privately held corporation based in Minneapolis, Minn. The company provides customers around the world with fully integrated solutions for a variety of financial, identification and healthcare applications. In addition to turnkey solutions, the company offers complete lines of digital photo ID systems, photo ID printers, card personalization systems and transaction systems. DataCard employs more than 2,100 people and offers sales and service in more than 90 countries worldwide. (www.datacard.com)
About Nexar
Nexar Technologies Inc., (NASDAQ:NEXR - news), is a new class of PC manufacturer that offers the industry's only ''future-ready'' personal computer systems. Providing unparalleled support for new and emerging technologies, Nexar XPA(tm) (Cross Processor Architecture) PCs enable consumer and business users to reduce ownership costs, protect their technology investments and extend the lifecycle of their PC. Headquartered in Southborough, Mass., Nexar sells its custom configured systems through national and regional value-added resellers, distributors and systems integrators including Computer City, Bull HN Information Systems and GTSI.
Statements in this release which express the beliefs and expectations of the Company regarding its future results or performance are forward-looking statements that involve a number of risks and uncertainties. The Company's actual results could differ significantly from the results discussed in such forward-looking statements. Factors that could cause or contribute to such differences include those discussed in the Company's SEC filings, including its Prospectus dated April 8, 1997, and its Form 10-Q, filed on November 13, 1997, which factors include, among others, (a) the uncertainty of the availability of additional capital to fund the Company's operations, (b) dependence on substantial customers, (c) uncertainty of market acceptance of the Company's products, (d) dependence on third party resellers and distributors,(e) intense competition, (f) risks associated with international expansion, (g) risks associated with rapid growth, and (h) reliance on suppliers. The company undertakes no obligation to update any such forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.
Nexar news releases are available through Nexar's web site at www.nexarpc.com
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Contact:
Nexar Technologies, Inc.
Craig Conrad
508/485-7900 ext. 233
OR
Copithorne & Bellows
Sara Buda/Tim Hurley
617/450-4300
OR
DataCard Corp.
Mark Iverson
612/988-1763 |
