AXALTO LAUNCHES MAGIC X1000 CDMA LONG RANGE PORTABLE POS TERMINAL
20 April 2004 - Schlumberger

April 20, 2004

Axalto, a Schlumberger company, today launches the worldwide version of its MagIC X1000 DECT (digital enhanced cordless telecommunication) – a portable point-of-sale terminal for short-range PIN-based transactions. Based on the field-proven success of the MagIC X1000 DECT 1.9GHz, the new global MagIC X1000 DECT version will use a higher 2.4 GHz frequency, enabling it to operate in more countries worldwide. This latest version will be on the market before summer.

Ideal for businesses that need a short-range mobile payments solution such as restaurants and retail outlets, the new MagIC X1000 DECT guarantees top level security while enabling businesses to provide their customers with a convenient wireless payment option.

The DECT digital radio protocol has a well-proven track record in providing highly reliable and fast data communication. The compact and practical terminal has a range of up to 300m and provides businesses with a solution to carry out off and on-line card payments on the move, allowing customers to have complete control of their card during the payment process. The MagIC X1000 DECT can support a network of four handsets and two bases.

The new worldwide version of the MagIC X1000 DECT is Europay MasterCard Visa (EMV) and Pin Entry Device (PED) approved and is also compliant with the latest global PIN entry security standards. MagIC X1000 DECT is fully compatible with all the other products of the MagIC Evolution range of Axalto.

'Axalto is proud to launch a new worldwide version of MagIC X1000 DECT after its success with the existing version in Europe,' said Michel Léger, vice president e-payment at Axalto. 'We wanted to provide our customers with a high speed, affordable product that brings cutting edge wireless technology to a global market. We are confident that this new product will secure our position as the leading wireless terminal expert in the portable payment market.'

About Axalto
Axalto, a Schlumberger company, is the world's leading provider of microprocessor cards (Gartner 2003, Frost & Sullivan 2003) - the key to digital networks - and a major supplier of point-of-sale terminals. Its 4500 employees serve customers in more than 100 countries, with worldwide sales reaching 3 billion smart cards to date. The company has more than 20 years' experience in smart card innovation and leads its industry in security technology and open systems.

Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Smart card solutions provide convenience, security and privacy to public and private services operators, their customers and end users.

The MagIC X1000 CDMA is a long-range wireless terminal aimed at businesses that want to offer their customers flexible and secure capabilities for card payment. Enabling both off and on-line card payments to be transacted anywhere, the MagIC X1000 CDMA also ensures complete mobility, ideal for home delivery or taxi services. The use of 1XRTT, the leading-edge CDMA data wireless technology, enables great coverage at an affordable cost. And thanks to its always-on capability, the MagIC X1000 CDMA ensures transactions significantly faster than that of any regular modem terminals. The terminal's ergonomic, compact and practical design has been optimized for portability and can be adapted to different environments with its holster and car lighter charger. It is Europay MasterCard Visa (EMV) approved, compliant with the latest PIN entry security standards, and fully compatible with the whole MagIC range.

'With the launch of the MagIC X1000 CDMA terminal, Axalto has yet again taken the lead in bringing innovative solutions to the fast-moving portable payment market,' said Michel Léger, vice president e-payment at Axalto. 'There was a real need for a reliable and cost effective long range POS terminal and we're confident that our new CDMA product will more than exceed our customer expectations.'

Axalto, a Schlumberger company, is the world's leading provider of microprocessor cards (Gartner 2003, Frost & Sullivan 2003) - the key to digital networks - and a major supplier of point-of-sale terminals. Its 4500 employees serve customers in more than 100 countries, with worldwide sales reaching 3 billion smart cards to date. The company has more than 20 years' experience in smart card innovation and leads its industry in security technology and open systems.

Axalto continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Smart card solutions provide convenience, security and privacy to public and private services operators, their customers and end users.

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