LONG BEACH, Miss. -- Triton Systems of Delaware Inc. has announced plans to produce a new affordable, low-end off-premise model ATM. Production is expected to begin during the first quarter of 2009. This new ATM is made possible by Nautilus Hyosung 's proposed acquisition of Triton. Nautilus Hyosung, a self-service solution provider of ATMs based in Seoul, Korea, has signed an agreement to acquire Triton from the Dover Corp.
The transaction is expected to be closed during the third quarter of 2008, pending regulatory approval.
While all plans have not been finalized, the new product [image-nocss] is being designed for retailers that are looking for a low-cost, reliable entry-level ATM. Plans call for the new ATM, which will be modeled after Triton 's RL line of off-premise ATMs, to include a 5.7-inch color display, 60mm printer, business-hour cabinet and 1,000 note CDU with removable lock-box cassette. It will run on Microsoft Windows CE 5.0 with Triton 's X2-based technology.
“We are very excited about the benefits both companies will bring to the table,” said James Phillips, Triton 's director of North American sales. “The new ATM makes use of the best technology from both companies and allows us to continue the tradition of providing affordable, quality ATMs to our customers.”
Doug Falcone, chief operating officer for Triton distributor Access to Money, said, “For Access to Money, low cost of ownership is very important. Using the best components from Triton and Nautilus Hyosung on the ATM will allow us to better manage our inventory costs and will provide our customers with a reliable, affordable ATM. And, you never know this could be the next 9600.”
Neil Clark, senior vice president of PAI/ATM Express Inc., added, “We are very excited about the new ATM and plan to sell a lot of them next year.”
The new Triton ATM, which will have a competitive market-driven price point, is designed to compete with the Tranax Mini-Bank 1700, NCR EasyPoint 3300, Nextran ComNet 2000 Series, Lipman NURIT ATM Kiosk 6000, WRG Genesis, Money Tree MT 300 ATM, Nautilus Hyosung Mini-Bank 1500 and other low-end, off-premise ATMs, the company said.
New York City=-based Dover Corp. announced in late July that its Engineered Systems segment had signed an agreement to sell Triton to Nautilus Hyosung Inc., a subsidiary of Hyosung Corp., a diversified $7 billion revenue company.
"Triton offers an ideal fit with Nautilus Hyosung as we expand our global footprint," said P. K. Ryou, CEO and president of Nautilus Hyosung. "We look forward to integrating Triton 's strong brand and outstanding customer service with Nautilus Hyosung to provide our customers with the most comprehensive ATM offering in the marketplace."
Bill Johnson, Triton 's CEO added, "We are very excited about Triton 's future with Nautilus Hyosung. We believe the complementary cultures of innovation and customer service will provide a strong platform for growth to compete effectively in the ATM marketplace as well as benefit customers both domestically and globally."
Long Beach, Miss.-based Triton, with more than 180,000 installations in more than 24 countries worldwide, is a leading provider of off-premise and financial ATMs and ATM management software for retail locations and financial institutions.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.