To: Ruby who wrote (231 ) 6/10/1998 8:12:00 PM From: debra vogt Respond to of 283
Optimal Robotics and PSC StrategicRelationship June 10, 1998 05:00 PM MONTREAL--(BUSINESS WIRE)--June 10, 1998--OptimalOPMRF PSCPSCX June 10, 1998 - Optimal Robotics Corp.OPMRF , the developer of the U-Scan(R) Express automated self- service checkout system and PSC Inc. PSCX , a leading manufacturer of laser based bar code scanners, today announced that they have signed an agreement that restructures and renews their strategic alliance for manufacturing and selling the U-Scan(R) Express automated self-service checkout system. The U-Scan(R) Express system is designed for use in express lanes in supermarkets and other retail environments. Under the terms of the relationship, Optimal will assume overall project management while PSC will continue to exclusively manufacture and assemble the U-Scan(R) Express system as well as market and sell U-Scan(R) Express. Commenting on the new agreement, Holden L. Ostrin, Vice Chairman of Optimal Robotics, stated, "We are very pleased to have signed a new agreement with PSC. PSC has renewed its commitment to U-Scan(R) Express and this agreement better satisfies each company's needs and desires. Optimal is eager to assume greater responsibility in directing the U-Scan(R) Express business and our new agreement with PSC enables Optimal to do so while maintaining PSC's significant participation. As well, we continue to utilize PSC's world-class manufacturing capabilities and have access to one of the strongest retail sales forces in the marketplace. We look forward to continuing to work closely with PSC in pursuing our business objectives." William L. Parnell, Jr., Vice President and General Manager of Self-Checkout Systems at PSC, said, "I am pleased we have been able to structure our relationship with Optimal in a manner that is favorable to both parties. Our agreement allows PSC and Optimal to focus on their unique strengths and competencies so that together we can make the greatest impact in the self-checkout market." Optimal Robotics is a pioneer 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. PSC manufactures the world's most comprehensive line of laser based handheld and fixed position bar code scanners, bar code engines and verifiers and automated carton dimensioning systems. These products are used in automatic data collection solutions in the re