News

Tidel to show new cash controller at NACS

October 2, 2002

HOUSTON -- Tidel Technologies (Nasdaq: ATMS) will conduct the first public demonstrations of its newest product, an "intelligent" cash controller device called the Sentinel, in its booth (#1122) at the NACS (National Association of Convenience Stores) Show 2002 beginning this weekend in Orlando, Fla.

According to a news release, the Sentinel was developed to fulfill a contract with a nationwide petroleum retailer and convenience store operator. Tidel expects to complete field testing and commence shipments of this product later this quarter.

The Sentinel integrates a cash controller device with a retailer's point-of-sale system (POS) and Local Area Network (LAN), which Tidel says retailers real-time cash accountability and reduces or eliminates cash losses arising from theft and internal shrinkage.

It also offers the latest bill handling and anti-counterfeit technology, multilevel password
protection and an interface into the POS system to support such functions as lottery and check-cashing payouts, according to the release. The unit may be expanded to add additional devices in the future and can operate in conjunction with armored carrier cash pick-up or as a standalone cash management device

According to the release, Tidel is currently in discussions with other large retailers who are interested in using the Sentinel, as well as the owners of the approximately 150,000 retail cash controllers that Tidel has already sold in 36 countries.