IHG intellect holdings limited

IHG - - NEW CONTRACT - - -

  1. 435 Posts.
    IHG - - - NEW CONTRACT -- -
    INTELLECT HOLDINGS LIMITED 2002-06-19 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Intellect (ASX: IHG) today announced its new Greek partner, Skeye
    Hellas SA, had secured a contract to deliver Intellect's first
    complete mobile payment solution. The deal with EUROBANK Greece is
    worth over $5million and includes provision for continuing income.

    Intellect's CEO, Mr Jan de Smet, said the deal was an important
    milestone in the company's move towards being a solutions provider.

    "We recently announced our intention to increase the company's
    capacity to deliver complete payment solutions and are now seeing
    this become reality," he said. "By offering local service alongside
    Intellect solutions, we have been able to supply EUROBANK Greece with
    everything they need for mobile payments. Skeye Hellas is a terrific
    partner for us in Greece and the Balkan region as they have great
    local market experience, are well known in the banking world and have
    established partnerships with local mobile telephony providers."

    Skeye Hellas' General Manager and Owner, Mr Fotis B Katzouros, is
    equally positive about his company's relationship with Intellect.

    "Our experience and skills fit well with the needs of Intellect - and
    indeed they are an ideal partner for us," he said. "We have based the
    deal with EUROBANK Greece on a rental model that will ensure
    continuing income for Skeye Hellas and Intellect throughout the
    lifespan of the project."

    Alongside Intellect's Sapphire 9870 mobile payment terminal with GSM
    communications, Skeye Hellas will provide terminal applications, a
    management system and access controller, all supplied by Intellect.

    The solution also includes local business logic and uses the Greek
    character set. With the experience supplied by Skeye Hellas, the
    solution was certified within two weeks and will be supplemented by
    training services, provision of GSM SIM cards, installation,
    maintenance and a helpdesk.

    The solution for EUROBANK Greece was dependent on an effective
    gateway system that allowed the Sapphire 9870 GSM terminals to
    communicate with traditional banking networks. Intellect's new access
    controller manages this securely and quickly, and will become a
    centre point for future implementations of Intellect hardware.

    This deal is yet another in the Sapphire 9870 success story. Already
    in use throughout Europe, the mobile terminal with the tagline 'any
    card, any time, any place' is also selling well in other continents.
    In April, Intellect announced a large sale to AMPS Wireless in the US
    and a second large order for the terminals in the Netherlands.
    Customers throughout the world are using the terminal in a number of
    different applications, including cash-on-delivery, local law
    enforcement and taxicabs.


    ABOUT INTELLECT

    Intellect can be found on the World Wide Web at www.intellect.com.au

    ABOUT SKEYE HELLAS

    Skeye Hellas SA is the largest Marketing and Systems Integration
    Provider for telemetric products in Greece and the Balkans. Supplying
    Consumers, Companies and Government Institutions, the company was
    founded in 1997. With a share capital of Euro1.2million, Skeye Hellas
    has experienced 100% annual average growth in sales and profit for
    the past two years.

    MEDIA CONTACT: SHAREHOLDER CONTACT:
    Jeff Bird Wens Brinkman
    Bird & Hill Public Relations Intellect Australia Pty Ltd
    (61-2) 9954 0555 (61-3) 9426 9000
    [email protected] [email protected]


    regards,
    Jaak.
 
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