OKI's Becomes First Asia-based Vendor to Pass Test for European Central Bank's EC Council Regulation, Article 6
OKI's "ATM-Recycler G7" which can sort and handle Euro banknotes, detect, and trace counterfeit notes available for use in Europe
TOKYO, May 18, 2010 -- OKI Electric Industry (TSE: 6703) today announced that the "ATM-Recycler G7", a cash-recycling ATM intended for the worldwide market, has passed the test mandated by Article 6(*1) of Council Regulation (EC) No 1338/2001 of 28 June 2001. Set forth by the European Central Bank, the Article lays down a framework for the circulation of Euro banknotes to ensure the quality and reliability of circulating Euro banknotes.
The "ATM Recycle G7" is a high-performance, high-quality, high-reliability cash-recycling ATM that draws on OKI's mechatronics technologies and market experience. Designed specifically to handle Euro banknotes, the new ATM has already passed the Article 6 test, becoming the first cash-recycling ATM provided by an Asia-based vendor to meet this requirement. ATMs must pass this test before deployment in Euro currency countries. OKI plans to market the product in the European market.
Information on the "ATM-Recycler G7" is available at the European Central Bank website:
http://www.ecb.int/euro/cashhand/recycling/tested/html/index.en.html
Major Features of the ATM-Recycler G7:
- Handles banknotes from multiple world currencies
- The "ATM-Recycler G7" is capable of handling banknotes denominated in multiple currencies, even notes having different sizes, designs, and security features.
- Banknotes from multiple currencies can be handled in a single ATM.
- The "ATM-Recycler G7" has passed the test mandated under the European Central Bank's banknote-recycling framework for Euro banknotes (ECB Article 6).
- New banknote-recycling module offers high performance and high reliability
- The "ATM-Recycler G7" reduces banknote processing times and provides high reliability.
- The visibility of the remaining banknotes has been improved to allow for easy maintenance.
- High capacity
- Holds up to 16,200 banknotes, positioning it in the top tier of the cash recycling ATM industry.
- Low energy consumption and reduced weight
- Both in stand-by mode and while operating, the new product features low energy consumption to minimize environmental impact. It also features reduced weight.
- High quality
- To ensure high quality, work ranging from development, parts manufacture, component assembly, to the manufacture of the final product is handled at OKI.
- Security features
- As a standard, it is also equipped with a uniquely-formed card slot and a sensor to detect parts used to skim account numbers and personal identification numbers (PINs).
- The product can be equipped with a cover that can be drawn over the personal identification number (PIN) input panel to hide PIN entry from unauthorized individuals.
Glossary
- *1 :Article 6 test
The European Central Bank has laid down a framework for recycling Euro banknotes to detect and remove from circulation damaged and counterfeit banknotes and to trace counterfeit users, thereby maintaining the quality and reliability of circulating Euro currency banknotes. Central banks in Euro currency countries perform a standard test to vendors that manufacture banknote processing systems to confirm compliance to the framework.
About Oki Electric Industry Co., Ltd.
Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's leading telecommunications manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business division function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at http://www.oki.com/.
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- * Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.