PSI Group ASA: MULTI YEAR AGREEMENT ON CASSETTE SERVICE AND LOGISTICS SOLUTION FOR ATMs IN SWEDEN - TOTAL VALUE OF MSEK 85-120.

PSI Group ASA subsidiary, SQS Security Qube System AB has today entered into an agreement with Bankomat AB regarding ATM cassette services and related logistics for Bankomat AB ATMs in Sweden.

 

Bankomat AB was established on the initiative of Danske Bank, Handelsbanken, Nordea, SEB, Swedbank and Sparebankene whereas these banks are transferring their ATMs to Bankomat AB. The agreement includes the ATMs with ATM cassettes which are - and will be equipped with the SQS security technology Q-Cut.

 

The agreement has a value of approximately MSEK 17 per year in 5 years with an option for further two years.

 

The agreement will start during the fall of 2012.

 

"This is a very important breakthrough for SQS Security Qube System AB in Sweden and that will utilize the company's expertise within technology, logistics applications and the service / support organization," says CEO of PSI Group Jørgen Waaler. "To ensure that such a project will be successful, we will dedicate our most competent resources to the project" concludes Mr. Waaler.

 

SQS Security Qube System AB, part of PSI Group's business area Cash Management CIT/ATM, is a leading global provider of security technology and dye-staining systems for cash in transit (CIT) entities and operators/owners of ATMs all over the world.

For further information, please contact:
Jørgen Waaler, CEO PSI Group ASA, Phone: +47 9059 0010

About PSI Group:

PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden.

PSI Group is headquartered in Rælingen and has 303 employees in Scandinavia
and Europe. The company is listed on the Oslo Stock Exchange.

For further information: www.psigroup.no