Multi-Tech Systems and Symstream Team Up to Provide a Fully Managed Wireless Solution for the Financial and Retail Transaction Market


Minneapolis, February 5 /PRNewswire/ --

- Designed for High Security, Reliable Connectivity and Cost
Efficiencies.

Multi-Tech(R) Systems, Inc., a leading data communications and
telecommunications technology manufacturer based in Minneapolis, Minnesota,
and Symstream(TM) Technology Group Ltd., an Australian-based wireless
technology company, announced today an alliance to deliver a wireless modem
solution that enables wireless transaction services utilizing the GSM/3g
networks.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040505/MTSLOGO)

Multi-Tech wireless modems deployed with Symstream will provide a global
wireless technology solution that offers greater flexibility and connectivity
to ATM terminals, kiosks and POS terminals. The combined solution allows
transactions to be sent without a fixed-line communications network and
ensures faster, secure and more reliable services.

By integrating the internationally patented Symstream wireless technology
with Multi-Tech's wireless modems, businesses are able to send and receive
transaction data across the GSM/3g network via a data transmission method
that is comparable in reliability to a leased data line at a fraction of the
costs, with a similar level of security and without the obvious limitations
and restrictions of a fixed wire service.

These Multi-Tech modems support the recently released Symstream Souran
Platform(R) ("SSP") an advanced carrier grade management platform solution
that provides a complete end-to-end solution that allows for a domestic or
globally deployed network of ATM's, Kiosks and POS devices to be managed from
a central management point.

"This strategic alliance between Multi-Tech and Symstream allows both
companies to focus on their respective strengths while delivering a superior
and seamless solution to our mutual customers," said Mike Kydd, Vice
President of Sales, of Multi-Tech Systems. "This will provide our customers
with the strongest, most flexible and secure managed wireless connectivity
solution available today."

The initial Multi-Tech product line of Symstream enabled products
includes embedded SocketModem(R) communications devices and stand-alone
MultiModem(R) wireless modems with various connectivity options including
USB, Ethernet and serial interfaces with products targeted for release during
the 2nd quarter 2008.

About Multi-Tech Systems

Multi-Tech Systems, Inc. designs and manufactures high-quality,
innovative, global communication products and provides exceptional service
and support that exceeds customer expectations. We are committed to
anticipating market opportunities by listening to the needs of our customers,
as well as using our talent and resources to develop on-time solutions.
Multi-Tech products are available through a worldwide network of business
partners and OEMs and has 75 U.S. patents and numerous international patents.
For more information, visit http://www.multitech.com.

About Symstream Technology Group Ltd.

Symstream Technology Group Ltd. is involved in the development and
commercialization of wireless telecommunications applications and services.
The company is currently launching its new, wireless telecommunications
technology, Symstream(TM). With the ability to be rolled out across existing
GSM networks in over 250 countries. Symstream(TM) is positioned to become a
global standard.

The target market for the Symstream (TM) technology is initially the
financial transaction sector serving the likes of banks and other financial
service providers with a standardised reliable, secure, fast and low cost
wireless service that can be used to connect their fleets of ATM's, EftPOS,
financial kiosk machines and terminals cost effectively.

For more information, visit http://www.symstream.com.

Contact Multi-Tech Systems in the U.S.A. at:
    +1-800-328-9717 or +1-763-785-3500
    sales@multitech.com

    EMEA:
    +44-118-959-7774 (UK)
    +33-1-49-19-22-06 (France)

    Web site: http://www.multitech.com
              http://www.symstream.com



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.