By NZPA
|
Thursday 30th May 2002 |
Text too small? |
Australian systems integrator On Q Business Systems will buy 3500 terminals from Cadmus in an extension of their existing business relationship.
The deal follows a deal in March with Bartercard Australia, expected to be worth $2 million to Cadmus in its first year.
The point-of-sale terminals are Internet-capable, allowing online ads and promotions to be sent to the terminals and e-mail messages to be sent to merchants.
Managing director Ian Bailey said the deal would mean Cadmus' Auckland and Christchurch-based manufacturing partners would have to increase production.
The extra work would mean that some products destined for the market this year would not be available until next year.
Cadmus was looking to take a bigger slice of the local terminal market of about 15,000 to 20,000 terminals, but Malaysia, Thailand and the Philippines would provide most of its growth.
"A lot of those economies are only now really getting into electronic payment mechanisms. That's why we're going to those markets," Mr Bailey said.
Cadmus closed down 0.5c at 7.5c.
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