Deliver Your News to the World

Multi-Tech Systems and Symstream Team Up to Provide a Fully Managed Wireless Solution for the Financial and Retail Transaction Market


WEBWIRE

Designed for High Security, Reliable Connectivity and Cost Efficiencies.

MINNEAPOLIS, FEBRUARY, 2008 – Multi-Tech® Systems, Inc., a leading data communications and telecommunications technology manufacturer based in Minneapolis, Minnesota, and Symstream™ Technology Group Ltd., an Australian-based wireless technology company, announced today an alliance to deliver a wireless modem solution that enables wireless transaction services utilizing the GSM/3g networks.

Multi-Tech wireless modems deployed with Symstream will provide a global wireless technology solution that offers greater flexibility and connectivity to ATM terminals, kiosks and POS terminals. The combined solution allows transactions to be sent without a fixed-line communications network and ensures faster, secure and more reliable services.

By integrating the internationally patented Symstream wireless technology with Multi-Tech’s wireless modems, businesses are able to send and receive transaction data across the GSM/3g network via a data transmission method that is comparable in reliability to a leased data line at a fraction of the costs, with a similar level of security and without the obvious limitations and restrictions of a fixed wire service.

These Multi-Tech modems support the recently released Symstream Souran Platform® (“SSP”) an advanced carrier grade management platform solution that provides a complete end-to-end solution that allows for a domestic or globally deployed network of ATM’s, Kiosks and POS devices to be managed from a central management point.

“This strategic alliance between Multi-Tech and Symstream allows both companies to focus on their respective strengths while delivering a superior and seamless solution to our mutual customers,” said Mike Kydd, Vice President of Sales, of Multi-Tech Systems. “This will provide our customers with the strongest, most flexible and secure managed wireless connectivity solution available today.”

The initial Multi-Tech product line of Symstream enabled products includes embedded SocketModem® communications devices and stand-alone MultiModem® wireless modems with various connectivity options including USB, Ethernet and serial interfaces with products targeted for release during the 2nd quarter 2008.



WebWireID58581





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.