SCOTTSDALE, Ariz. & SAO PAULO--()--Hypercom Corporation (NYSE: HYC) today announced that Cielo S.A. (formerly Visanet Brasil), has selected, purchased and is deploying 30,000 Hypercom Optimum T4205 countertop terminals to merchants throughout Brazil.
“Cielo S.A. is one of the largest electronic payment networks in Latin America and one of the five largest in the world. Their selection of Hypercom significantly expands our footprint in Brazil and speaks to the quality of our company and products”
The multi-million dollar rollout is believed to represent one of the largest in the country, and represents a significant expansion of Hypercom’s high security product portfolio in Brazil. The rollout is expected to be completed by the end of this month.
“Cielo S.A. is one of the largest electronic payment networks in Latin America and one of the five largest in the world. Their selection of Hypercom significantly expands our footprint in Brazil and speaks to the quality of our company and products,” said Reinaldo Assis, Managing Director, South America, Hypercom Corporation.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Hypercom and Optimum and Design are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product capability and performance, product competitiveness, product sales, revenues, profits and market share. These forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of distributors, suppliers, contract manufacturers and subcontractors; risks associated with international operations and foreign currency fluctuations, the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP

