OKI to Exhibit at China International Exhibition on Financial Banking Technology & Equipment 2008
Introduces various solutions to improve service and business efficiency for financial institutions in China
TOKYO, September 22, 2008 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced it will participate in the China International Exhibition on Financial Banking Technology & Equipment 2008 (CIFTEE), which will be held in Beijing from September 25 to 28. As the expert in manufacturing ATMs(Automated teller machines) with deposit and withdrawal functions, OKI will showcase its ATMs, in which sales are expanding in the Chinese market, as well as its products that help improve service and business efficiency in the financial institutions.
"As the leading manufacturer of ATMs, we are excited to showcase our financial solutions at CIFTEE again this year. We have been increasing market share in China and believe our solutions will contribute in the development of China's financial institutions," said Takao Hiramoto, President of Systems Hardware Company at OKI. "We will participate through OKI Electric Industry (Shenzhen), our subsidiary in China, where ATMs and printers are designed, manufactured and sold."
To display OKI's solutions for the Chinese financial institution, OKI's booth will look like a bank's branch office, divided in sections for self service, low counters, VIP room, and backyard. At the self service section, OKI will be exhibiting its "ATM21S," a full-spec banknote recycling(*1) ATM, a product that includes OKI's long years of track record in the ATM business, and the compact and space-saving ATM, "ATM21SX." At the backyard section, "CX320," the banknote sorters with excellent operability to help improve backyard business efficiency will be displayed. In addition, at the low-counter and VIP room sections, OKI will display its banknote recycling terminals and bank branch terminals that offer total support to help improve teller efficiency at branch offices.
Major products to be exhibited include
Self service section
- Multifunctional ATM "ATM21S"
This is an ATM developed for the Chinese market with a banknote recycling method to significantly improve cash efficiency. It improves operation with capacity to hold up to 14,000 banknotes while maintaining the same width as a cash dispenser, which makes it easy for replacement. This ATM has a 15inch high-definition color LCD, the largest LCD in the industry that helps users with voice and graphic guidance. ATM21S includes user-friendly display, passbook printing function, and can operate for 24hours.
- Compact ATM, "ATM21SX"
This is an ATM for small and mid-size bank branches or convenience stores with the banknote recycling method. It is 30% smaller than the conventional model with capacity to hold up to 7,000 banknotes. With the industry's largest 15inch high-definition color LCD, graphics and voice guidance it is a user-friendly ATM that can operate for 24 hours.
Backyard section
- Banknote sorters, "CX320"
This is a high-performance machine that can handle up to four types of different-sized Chinese banknotes. By inserting banknotes together, the CX320 simultaneously examines the banknotes and bundles them in small portions in high speed.
Low-counter section
- Banknote recycling terminals
While the height of the terminal is only 680mm in order to fit under the tellers' low counters, the banknote capacity is an industry top, storing up to 13,000 banknotes. The terminal offers a highly reliable cash processing service with OKI's proprietary ATM banknote recycling module that is evaluated highly in the Asian markets.
- Passbook printer "FP21A"
This passbook printer has a wide frontage, which enables users to insert their passbooks from any part of the frontage. It is a small, high-speed printer, which keeps its operating sounds at minimum.
VIP room section
- Bank branch systems with various functions that are offered to the Japanese market will be displayed for sample exhibition.
Glossary
- *1 :Banknote recycling
This is a method, first to be achieved by OKI in 1983. By enabling the deposited banknote to be recycled to be used for withdrawal, it has contributed in the spread of ATMs in the Japan.
About Oki Electric Industry Co., Ltd.
Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. OKI provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses function as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit OKI's global web site at http://www.oki.com/.
About Oki Electric Industry (Shenzhen) Co., Ltd. (OSZ)
OSZ is a wholly-owned subsidiary of Oki Electric Industry Co., Ltd., established in July 2001. OSZ designs, manufactures and sells OKI's mechatronics products in China, including production of financial systems such as ATMs, and volume production of printers. In January 2007, OSZ relocated to expand its production capacity by three fold.
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