Oki Develops a Compact and Large-Capacity ATM for the Chinese Market
- To Exhibit the ATM at the China International Exhibition on Financial Banking Technology & Equipment 2003 held in Beijing -

"Oki has been providing advanced ATMs that precisely meet customer needs, making us a top vendor with a share of 40% of the Japanese market," said Takashi Hattori, President of the Financial Solutions Company at Oki Electric. "With the introduction of the highly functional ATM21S, Oki continues to offer innovative products that will now also contribute to improving the efficiency of banking in China."

Though withdrawal-only cash dispensers (CDs) are commonly used in China, the installation of ATMs with both withdrawal and deposit functions is increasing. With improvements in various social infrastructures expected to be made for the Beijing Olympic Games in 2008 and the Shanghai World Exposition in 2010, it is anticipated that the market demand for compact and functional ATMs will grow rapidly.

The ATM21S adopts a bank-note recycling method developed by Oki first in the world in 1983. With this method, deposited notes are recycled to be reused for cash withdrawals from the ATM, thereby enabling effective cash utilization. Banks can select either a recycling method or a non-recycling method, in which deposits and withdrawal are managed separately.

The product is quite compact with a width of just 470mm, the same as that of a standard CD, enabling the easy replacement of existing equipment. Despite its compact size, ATM21S can hold up to 14,000 notes, which is the largest capacity in the industry. It can handle four types of Chinese bank notes, which covers most of the notes circulated in China: 10-, 20-, 50- and 100-RMB notes for deposit, and 50- and 100-RMB notes for withdrawal. It is also equipped with a high-resolution 15-inch color LCD, enabling the display of moving images during standby. An optional passbook printing function can also be implemented.

For the application, Oki selected the Kalignite Software Suite - the world's leading independent ATM software from KAL of the UK. The selection of Kalignite brought greater efficiency to the development process and significantly reduced the overall time required for the two companies to develop the open-standard based and fully web-enabled application.

"The partnership with Oki represents KAL's commitment to work with the best companies in the world to meet market needs with powerful products and solutions," said Aravinda Korala, CEO of KAL. "We believe that our software implemented on the ATM21S further enhances the strengths of Oki's high quality and robust hardware."

Oki will establish a comprehensive structure covering the design process, manufacturing, sales, and maintenance of ATMs in China and Oki Electric Industry (Shenzhen) Co., Ltd. will manufacture the ATM21S. Oki also intends to expand the sales of ATMs in the worldwide market, including East Asia and Europe.

Notes

• Kalignite is a registered trademark of KAL.
• Names of companies and products are trademarks or registered trademarks of the respective companies.

About Oki Electric Industry Co., Ltd.
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarter in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki Electric provides top-quality products, technologies and solutions to its customers through its telecommunications systems, information systems and electronic devices segments. All three segments are integrated into one effective organization that functions as a collective force to create exciting new products and technologies, including information and telecom converged solutions. Through its business activities, Oki Electric satisfies a spectrum of customer needs in various markets.