Tidel has record ATM shipments in 2000, 50 percent Increase in first quarter of 2001

Tidel has record ATM shipments in 2000, 50 percent Increase in first quarter of 2001
Tags: Manufacturers, Public Companies, easypointATM
January 7, 2001

HOUSTON -- Tidel Technologies Inc. (Nasdaq: ATMS) has reported a company record year for ATM shipments in 2000 and a 50 percent increase in first quarter ATM shipments for the quarter ended December 31, 2000.

Tidel deployed 13,523 ATMs in 2000, an increase of 61 percent over the 8,403 deployed in 1999. For the quarter ending December 31, Tidel shipped 3,310 units, an increase of 50 percent over the 2,213 units shipped in the comparable quarter a year ago.

"The December figures represent the first full quarter of production of our new is 2000 model ATM," said James T. Rash, Tidel chairman and CEO. "This has been a very successful product launch for the company and has helped us in our ongoing efforts to broaden distribution relationships."

Tidel is preparing for another new product launch with the introduction of its Chameleon series ATM this quarter, Rash said.