LONG BEACH, Miss. — Triton Systems of Delaware Inc. has announced plans to produce a new low-end, off-premise model ATM, according to a press release.
Merchants and financial institutions will have a chance to preview the new product during the National Association of Convenience Stores (NACS) tradeshow (Booth #115) Oct. 5-7, 2008, in Chicago and the Banking Administration Institute (BAI) Retail Delivery Conference & Expo (Booth # 2241) Nov. 18-20, 2008, in Orlando, Fla. Production is expected to begin during the first quarter of 2009.
This new ATM is made possible by Nautilus Hyosung's proposed acquisition of Triton. Nautilus Hyosung, a self-service solution provider of ATMs based in Seoul, Korea, has signed an agreement to acquire Triton from the Dover Corp. The transaction is expected to be closed during the third quarter of 2008, pending regulatory approval.
While all plans have not been finalized, the new product is being designed for retailers that are looking for a low-cost, reliable, entry-level ATM. Plans call for the new ATM, which will be modeled after Triton's popular RL line of off-premise ATMs, to include a 5.7-inch color display, 60mm printer, business-hour cabinet and 1,000 note CDU with removable lock box cassette. It will run on Microsoft Windows CE 5.0 with Triton's X2-based technology.
"We are very excited about the benefits both companies will bring to the table," said James Phillips, Triton director of North American sales. "The new ATM makes use of the best technology from both companies and allows us to continue the tradition of providing affordable, quality ATMs to our customers."
The new Triton ATM, which will have a competitive market-driven price point, is designed to compete with the Tranax Mini-Bank 1700, NCR EasyPoint 3300, Nextran ComNet 2000 Series, Lipman NURIT ATM Kiosk 6000, WRG Genesis, Money Tree MT 300 ATM, Nautilus Hyosung Mini-Bank 1500, and other low-end, off-premise ATMs.
