Press Release

Symstream Awarded a Strategic Contract to Deploy Wireless ATM Connectivity for Indonesia’s largest Bank.

Symstream Technology Group Limited, a worldwide leader in wireless-technology, has been awarded a deployment contract to install Symstream enabled wireless ATMs to Mandiri Bank’s extensive ATM fleet.

March 28, 2011

Symstream Technology Group Ltd | For Immediate Release

Symstream Awarded a Strategic Contract to Deploy Wireless ATM Connectivity for Indonesia’s largest Bank.

Press Release:
Melbourne, -- (29 March 2011)

Symstream Technology Group Limited, a worldwide leader in wireless-technology, has been awarded a deployment contract to install Symstream enabled wireless ATMs to Mandiri Bank’s extensive ATM fleet.

As the largest bank in Indonesia in terms of total assets, loans and deposits, Mandiri Bank is currently implementing an ambitious technology and marketing drive to upgrade its retail customer banking operations across the archipelago. According to a recent press release, the publicly-listed company had decided to earmark 30 percent of this year’s capital expenditure of US$120 million to upgrade the banks’ electronic banking and IT infrastructure. Mandiri bank has planned to increase its’ ATM fleet by 2,000 units in 2011. Currently Mandiri bank has around 6,400 ATMs nationwide.

Commenting on this significant agreement, OC Harry Pudjiatmoko, Mandiri Bank’s Senior Vice President IT Operations Group adds “Installing Symstream wireless solution across our ATM fleet will enable us to continue to provide the highest quality of service to customers.  Mandiri bank processes millions of ATM transactions annually and the adoption of Symstream will reduce communications costs, significantly increase the speed of transactions and facilitate faster ATM rollouts. This contract represents Mandiri’s continuing strategy to grow market share through the provision of innovative and best of breed technologies which help us reduce total cost of ownership as well as provide superior functionality”.

Mandiri Bank’s Technology and Operations Director Kresno Sediarsi Adds "At Mandiri, we believe that modern banking is all about enhancing the experience of customers, wherever and whenever they want to have an interface with their bank," said Kresno. "Each ATM machine is a very important and significant touch point for our retail customers. It is the only constant interface they have with us.

Commenting on this strategic contract, Jaspal Singh Sarai, Symstream’s Chief Executive Officer said “With such a strong commitment for service excellence, Mandiri Bank was looking to extend their ATM network and better serve their customers. Symstream solutions delivered a secure and flexible solution with higher availability than 3G and GPRS only solutions. Mandiri Bank is able to reduce their costs and connect ATM fleets anytime anywhere. We are delighted to have Mandiri Bank as our customer and deliver a fully managed wireless solution."

About Symstream Technology Group Ltd
The Symstream Technology Group is a premier technology company focused on delivering innovative state of the art wireless solutions. The company is committed to improving clients’ business operations across multiple industries and help them achieve extreme security and lowering their costs of operations.

Symstream is committed to the development and manufacturing of wireless data transmission solutions based on international mobile wireless standards on existing public mobile networks. The latest product offerings from the company are based on architectures that are highly secure, robust and cost effective and these end-to-end transparent data solutions operate over GSM networks with a uniform global coverage in over 210 countries.

The Group is a global company in reach with sales offices throughout Asia Pacific and India as well as the United States and Australia. The Group plans on opening operations in Europe and Latin America. The company’s technology is currently being deployed in these regions and the company is rapidly developing a reputation for delivering innovative, world class, mature technologies and solutions.

Based on patented, proprietary technology, the company’s unique protocol enables multi-dimensional symbols to be transmitted via any communication medium, whether it is wireless, wire-line or optical with higher performance than is available with other data transmission protocols. The company has developed this technology from original concept through to finished product. For more information, please visit www.symstream.com

Symstream™ is a trademark of Symstream Technology Group Ltd.

© 2010. All rights reserved. Symstream Technology Group Ltd

About Mandiri Bank

Bank Mandiri is the largest bank in Indonesia in terms of total assets, loans and deposits. As per 31st December 2009, it has IDR 394.6 trillion (US$42 billion) in total assets. The Bank offers a broad range of banking products and services to its customers ranging from individuals and small and medium-sized enterprises (SMEs) to large corporations and Government entities.

Bank Mandiri was established and acquired ownership of the share capital of four state-owned banks on October 2, 1998. The four state-owned banks legally merged on July 31, 1999 and Bank Mandiri commenced commercial operations in August 1999. The Bank serves more than 8.7 million customers, which makes it, based on number of customers, one of the largest retail banks in Indonesia. For more information, visit www.bankmandiri.co.id

For further information, please contact:
Asti Saraswati
Communication Group
Symstream Technology Group Ltd.
Phone: +613 9568 2622
asti.saraswati@symstream.com