Fujitsu Transaction Solutions Inc.
Fujitsu To Acquire Optimal Robotics' Self-Checkout Business
Frisco, TX, April 05, 2004 — Fujitsu Transaction Solutions Inc. has signed a definitive agreement with Optimal Robotics Corp. (NASDAQ: OPMR) to acquire Optimal's self-checkout business for $35 million in cash and an assumption of liabilities. The agreement is subject to approval by Optimal's shareholders.
The agreement covers self-checkout systems and related services marketed by Montreal-based Optimal under the U-Scan(r) brand. U-Scan is a leading self-checkout system in North America.
"Self-checkout is a key component of our strategy to aggressively expand Fujitsu's share of the retail market," said Austen Mulinder, president and CEO of Fujitsu Transaction Solutions. "We have strong momentum among retailers making next generation decisions and this capability can further underpin that momentum."
The agreement also would enable StoreNext Retail Technologies LLC, the market leading 50/50 joint venture between Fujitsu and Retalix Ltd. (NASDAQ: RTLX), to offer self-checkout solutions to wholesalers and independent grocers through its extensive dealer network.
U-Scan systems enable shoppers to scan, bag and pay for their purchases with little or no assistance from store personnel. Available in many of the top grocery chains, U-Scan self-checkout systems have been deployed throughout the U.S. as well as in Canada and the U.K.
###
EDITOR'S NOTE: For sales and product information call 1-800-340-4425.
Trademarks: U-Scan is a registered trademark of Optimal Robotics Corp.
About Fujitsu Transaction Solutions Inc.
Fujitsu Transaction Solutions Inc. is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702) and the IT "lifecycle solutions"
provider for consumer transaction environments. The company collaborates with customers to relentlessly reduce their costs
and improve their profitability. Fujitsu's offerings include multi-vendor infrastructure management services, point-of-sale
hardware and software, mobile devices and self service systems including U-Scan. The company has some 1,500 employees in the
U.S., Canada and the Caribbean. Example customers include Canadian Tire, ChevronTexaco, Hannaford Bros., H.EB., Loblaws, Nordstrom,
Payless ShoeSource, Regal Cinema, Ross Dress for Less, Staples, Stop & Shop and The TJX Companies, among others. The company
also has a 50/50 joint venture with Retalix Ltd. (NASDAQ: RTLX) in StoreNext Retail Technologies LLC, the No. 1 supplier of
retail technology to independent grocers and regional chains.
For more information, please see: us.fujitsu.com/retailing
Press Contacts
Neil McGlone
Michael A. Burns & Assoc.
Tel: (214) 521-8596 x230
E-mail:nmcglone@mbapr.com
