WAL - Wavenet
Wavenet International Limited has just received
their first order from Lipman Electronic Engineering Ltd (US).
Wavenet's BM3 wireless modems will be integrated
into Lipman's EFT (Electronic funds transfer) and POS (point of sale) solutions
which will enable users to conduct debit and credit transactions in a mobile
environment over worldwide networks.
This initial order for Wavenet's BM3, which is
anticipated to be the first of repeat quarterly orders from Lipman, is valued at
Lipman has subsidiaries in the US, China, Turkey,
Far East, Latin America, Spain, Russia, Italy, Canada, and Latin
Wavenet is evidencing growth in demand for wireless
point-of-sale terminals. They are seeing a trend in the US towards cashless
transactions and mobile commerce which are ideally suited to their
Wavenet expects to see more groups making decisions
to move from trials to mass deployments over the next few months.
The technology for this niche product was developed
by Wavenet under an AusIndustry R&D Start Grant and Wavenet continues to
conduct R&D into more adaptable wireless architectures capable of working
over a number of networks.