Symbol Technologies and Hypercom Partner to Provide Customers With Secure Payment Solutions

HOLTSVILLE, N.Y. and PHOENIX, July 13 /PRNewswire-FirstCall/ -- Symbol Technologies, Inc. , The Enterprise Mobility Company(TM), and high security electronic transaction solutions provider Hypercom Corporation today announced a strategic relationship designed to address the multi-lane payment terminal needs of retailers. Symbol will initially resell Hypercom's Optimum series of multi-lane payment terminals in North America. Symbol and Hypercom currently anticipate expanding into global markets in the future, and adding additional Hypercom products to the Symbol portfolio to offer customers more expansive product offerings with a wider range of product functionality and affordability.

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"This agreement with Hypercom aligns with our business strategy of focusing our internal engineering efforts on core technologies necessary to drive Symbol's current and future growth, while partnering with a variety of other technology leaders in complimenting fields to provide the complete solutions our customers require to more efficiently run their businesses," said Sal Iannuzzi, Symbol's president and chief executive officer. "Working with an industry leader like Hypercom will enable Symbol to continue innovating on enterprise mobility while relying on Hypercom's expertise in the electronic payment business to provide customers with industry-leading solutions."

Under the terms of the agreement, Hypercom will manufacture Symbol branded secure electronic payment devices for resale by Symbol to meet the varying needs of its customers. This relationship will enable Symbol to continue to serve customers in the United States needing fixed point-of-sale payment solutions, as well as potentially open new market opportunities throughout Canada, Latin American, Asia-Pacific, Europe, Middle East and Africa with a larger product portfolio. The expansion of Symbol's customer base will help broaden opportunities for incremental sales in the data capture market for both companies, as Hypercom will now be able to leverage Symbol's global sales channel.

Symbol will continue to support customers who have already deployed its PD8500 and PD4500 payment devices. Hypercom's Optimum L4100, L4105, L4200 and L4250 multi-lane payment terminals will be the first products resold by Symbol as the Symbol PD8700, PD8705 (in Canada only), PD4700 and PD4750 payment terminals, respectively.

"With Symbol Technologies' expansive customer base and worldwide presence, Hypercom gains unprecedented access to the multi-lane retail channel and increases our ability to provide our products to an even greater customer base," said William Keiper, Hypercom's president and chief executive officer. "Given the potential growth opportunities, we expect broader global placement of our multi-lane products, expansion of our worldwide footprint and significant increase in our market share."

Hypercom's Optimum products offer next-generation technology with industry-leading transaction speeds and the ability to handle multi-step transactions such as credit/debit authorization and loyalty program point calculation without cashier intervention. In addition, Hypercom's payment terminals meet the strict security requirements set by VISA PCI-PED, Interac (Canada) and EMV. Equipped with bright, large screens, these terminals are designed for an easy and intuitive payment experience for customers. The dual head magnetic stripe reader reduces the need for customers to swipe more than one time. In addition, Hypercom's Forms Processing Engine (FPE) application allows for easy integration into retailers' current systems. Optional payment interfaces on these devices include contactless payment and a smart card reader.

About Symbol Technologies

Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture products, radio frequency identification technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading companies. More information is available at http://www.symbol.com/.

About Hypercom

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. More information is available at http://www.hypercom.com/.

Hypercom is a registered trademark of Hypercom Corporation. Optimum and Design is a trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding new executive appointments, market share growth, market acceptance of new products, product performance, product sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include the ability to win new customers and new businesses; industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; the performance of suppliers and subcontractors; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP

For Symbol Technologies: For media information: Traci Hoch Betsy Blicharz Symbol Technologies, Inc. Edelman Public Relations for Symbol Technologies 631.738.5426 212.704.4484 traci.hoch@symbol.com elizabeth.blicharz@edelman.com For financial information: For industry analyst information: Lori Chaitman/Nancy Coco Shirley Schroedl Symbol Technologies, Inc. Symbol Technologies, Inc. 631.738.5050 631.738.4823 lori.chaitman@symbol.com shirley.schroedl@symbol.com For Hypercom Corporation: For media information: Pete Schuddekopf Tony Keller Hypercom Corporation S&S Public Relations for Hypercom 602.504.5383 719.634.8279 pschuddekopf@hypercom.com tony@sspr.com For financial information: Scott M. Tsujita Hypercom Corporation 602.504.5161 stsujita@hypercom.com