November 17, 2003Signature and Card ReadersInterlink Electronics, Inc. and MagTek, Inc. to Develop E-Signature Enabled Card Reader Solutions for Banking Sector CAMARILLO, Calif. & CARSON, Calif., Nov 17, 2003 (BUSINESS WIRE) -- Interlink Electronics, Inc. (Nasdaq:LINK), a world leader in the development of intuitive interface technologies and e-signature solutions, and MagTek, Inc., a global leader in electronic transaction technology, announced today that the Companies will collaborate on a series of new e-signature/card reader input devices for teller and banking platforms. Integrating Interlink's ePad e-signature technologies with MagTek's magnetic stripe/smartcard reader solutions, the new line of input devices will provide the banking sector with innovative authentication and data input solutions to facilitate customer applications and automate teller-based services. "The world's leading developer of credit card and check reader products for more than thirty years, MagTek is the banking industry's first source for magnetic stripe readers and cardholder verification solutions," said E. Michael Thoben, chairman, CEO and president, Interlink Electronics, Inc. "We are very pleased to be partnering with MagTek to develop new lines of input products, due to the complementary nature of our respective technologies. The formation of this development partnership is a natural step for Interlink, as we implement our strategy to establish a standard for electronic signatures within financial services." "Along with an increased demand for card reader solutions within the financial industry, we have recently seen a steep rise in applications requiring handwritten electronic signatures," adds Annmarie D. "Mimi" Hart, President of MagTek, Inc. "Interlink, with its innovative technologies and market penetration, has established its ePad e-signature product line as the standard for financial applications. We are pleased to be collaborating on the development of new input products with a company that's committed to excellence and innovation in interface design." About MagTek, Inc. Since 1972, MagTek has been a world leader in electronic transaction technology, from magnetic stripe card readers and writers, to MICR check readers and scanners, secure PIN issuance and cardholder verification systems. The company's products and components are in use today at point-of-sale (POS) and back-office locations in thousands of companies around the world. They are incorporated into kiosks and ATMs, banking consumer service terminals, custom retail point-of-sale (POS) terminals, and restaurant and hospitality equipment. Recent MagTek innovations have included a MICR check reader and scanner to meet the growing demand for check conversion, high-reliability motorized card encoding technology, USB-enabled interface readers, an integrated consumer PIN selection and management system, and hybrid mag-stripe/smart card reader/writer technology. Mimi Hart, MagTek's President, has been a leading proponent of electronic payment standards for close to three decades. MagTek has 250 employees at its Carson, Calif., headquarters and in sales offices throughout the United States, Europe, and Asia, and distributors in over 40 countries. Visit http://www.magtek.com/ or call 800-421-5208, extension 6612 for full product specifications and sales contact information. About Interlink Electronics Interlink Electronics, Inc. (Nasdaq:LINK) is a global leader in the design and manufacture of intuitive interface technologies and products, including products to hand-sign electronic documents, forms and point-of-sale transactions. The Company's newest e-signature product, ePad-ID, captures both electronic signatures and fingerprints to enable document automation, notarization, and enterprise security access applications. Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, Calif., and offices in Tokyo and Hong Kong. The company currently holds more than 70 patents on sensor technologies, wireless communications protocols and product design properties. See Interlink Electronics online at www.interlinkelectronics.com or in Japan at http://www.interlinkelec.co.jp/. All registrations and trademarks are properties of their respective owners. From time to time the Company may issue forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: business conditions and growth in the electronics industry and general economies, both domestic and international; lower than expected customer orders; delays in receipt of orders or cancellation of orders; competitive factors, including increased competition, new product offerings by competitors and price pressures; the availability of third party parts and supplies at reasonable prices; changes in product mix; significant quarterly performance fluctuations due to the receipt of a significant portion of customer orders and product shipments in the last month of each quarter; and product shipment interruptions due to manufacturing problems. The forward-looking statements contained in this document regarding industry and revenue trends, new markets, new product introductions, technology adoption, and future business activities should be considered in light of these factors. SOURCE: Interlink Electronics, Inc. Interlink Electronics |