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Fujitsu Limited
NCR Corporation
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NCR and Fujitsu Form Strategic Alliance to
Enhance ATM Technology Leadership
Collaborative R&D and supply of ATM products and technology
Dayton, Ohio/Tokyo, Japan - April 11, 2002 - NCR Corporation (NYSE: NCR) and Fujitsu Limited (TSE: 6702) today announced the formation of a strategic alliance to collaborate on joint research and development (R&D) and supply of products and technology for automated teller machines (ATMs).
The collaboration aims to enhance R&D efficiency and accelerate the time to bring new ATM products to market. The companies will establish a joint team to develop selected new ATM technologies to introduce into their respective products. NCR and Fujitsu will continue to compete in the distribution, sale and servicing of ATMs as separate organizations.
NCR is the global ATM leader, with a wide range of self-service solutions and an extensive worldwide sales and support network. Fujitsu, which also competes globally, holds top share in Japan's ATM business, where advanced ATM technologies have become widespread.
"In addition to pursuing joint R&D, our alliance will enable more efficient time to market for financial self-service products," said Keith Taylor, senior vice president of NCR's Financial Solutions Division. "We believe that combining the strengths of the two companies will lead to new innovative ATM solutions. This will benefit not only NCR and Fujitsu, but also our customers and the consumer. Increased consumer satisfaction is the key to expanding our market presence and delivering greater profit and growth to our respective financial self-service businesses."
"Increasing globalization, diffusion of Internet technologies, new clearing methods and blurring of borders between financial and retail industries are among the significant changes taking place in the financial services industry and creating growing demand for more technologically sophisticated financial self-service solutions," said Koichi Hironishi, group president of the Consumer Transaction Systems Group at Fujitsu. "Combining Fujitsu's and NCR's complementary development strengths will enable us to meet these requirements more quickly and cost-effectively than either could do alone."
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in providing Relationship Technology(TM) solutions to customers worldwide. NCR's Relationship Technology solutions include the Teradata® database and analytical applications for customer relationship management (CRM) and business performance management, store automation systems and automated teller machines (ATMs). The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and leading edge hardware technology. NCR employs 31,400 in more than 100 countries, and is a component stock of the Standard & Poor's 500 Index. More information about NCR and its solutions may be found at http://www.ncr.com.
About Fujitsu
Fujitsu is a leading provider of Internet -focused information technology solutions for the global marketplace. Its pace-setting technologies, best-in-class computing and telecommunications platforms, and worldwide corps of systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE: 6702) reported consolidated revenues of 5.48 trillion yen for the fiscal year ended March 31, 2001.
For more information see: http://www.fujitsu.com
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