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24 August 2009: CashPoint ATM Partners with Symstream to Introduce Wireless ATM Connectivity PDF E-mail
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CashPoint ATM Partners with Symstream to Introduce Wireless ATM Connectivity for the Australian Financial Market.

Melbourne, Australia AUGUST 24, 2009 – CashPoint ATM, a market leader in payment service in the Australian market and Symstream, a worldwide leader in wireless-technology entered into an agreement to connect their ATMs fleet using Symstream’s wireless technology. As the most innovative, flexible and respected independent ATM companies in the industry, CashPoint ATM has conducted extensive research on wireless solutions to answer the growing market demand for off site ATMs.

Scott Smith, from CashPoint ATM stated “Our prime criteria’s were cost savings both direct and indirect as well as the efficiencies that come with not being dependent on wire-line based communications. We now deploy Symstream enabled ATMs and to date have recorded better than 99% up time. The primary advantages of this solution are reliability, security, and the solution also enables us to closely monitor our ATM fleet. ATM installation and time-to-market becomes more convenient using Symstream’s wireless technology. A Symstream enabled ATM can be deployed in one day while deploying hard-wired ATMs can take as long as six weeks. These advantages will open up new market opportunities and revenue stream not only for CashPoint ATM but also for our customers.

In commenting on the significance of this agreement, Symstream’s Sales and Marketing Director, Mark Gamon said, “Providing Symstream™ to the financial services sector of Australia is an important and strategic step for our company and we are pleased to have leading companies such as CashPoint ATM as our business partners. The adoption of Symstream by CashPoint ATM will provide customers with a solution which has been purpose built for their market and needs”.


About Symstream Technology Group Ltd

Symstream Technology Group Ltd is involved in the development and commercialisation of wireless telecommunications applications and services. The company is currently launching a revolutionary new, wireless telecommunications protocol, Symstream™. With the ability to be rolled out across existing GSM networks in over 200 countries. Symstream™ is positioned to become a global standard.

The target market for the Symstream ™ technology is initially the financial transaction sector throughout the Asia Pacific region and India, serving the likes of banks and other financial service providers with a standardised reliable, fast and low cost wireless service that can be used to connect their fleets of ATM's and eftPOS machines and terminals cost effectively utilising the regions existing GSM voice network infrastructure.

For more information, please visit www.symstream.com

Symstream™ is a trademark of Symstream Technology Group Ltd. All other company or product names are trademarks of their respective holders.

© 2007. All rights reserved. Symstream Technology Group Ltd


About CashPoint ATM

CashPoint ATM was set up toward the end of 2004, and has since become one of the most innovative, flexible and respected independent ATM companies in the industry.

Cash Point’s management team come with more than 10 years experience in the field. Cash Point a full-service provider with our own in house team of qualified ATM technicians. Cash Point provides hardware, software, preventative maintenance, reporting, training and on-going customer service second to none.

For more information, please visit www.cashpoint.com.au

 
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