SOURCE: QI Systems Inc.

April 10, 2007 09:00 ET

QI Systems Inc. Showcases New Technology at ISC West

QiWave™ Contactless Solution Featured at Show

DALLAS, TX -- (MARKET WIRE) -- April 10, 2007 -- QI Systems Inc. (OTCBB: QIII), a leading developer and integrator of contact and contactless card payment, access control and tracking solutions, announced that the company attended the International Security Conference and Exposition in Las Vegas ("ISC West") with corporate partner HID Identity™. HID Identity, introduced at ISC West, is a newly launched organization within HID Global, focusing on providing solutions and expertise that will help streamline and simplify the acquisition and issuance of access control and multi-application credentials.

At the Las Vegas exhibit, QI Systems demonstrated QiWave™ contactless payment technology designed around the HID iCLASS® card platform. QiWave contactless card readers were shown providing convenient cashless payment solutions for parking and vending applications. In addition to the products displayed, QiWave provides payment solutions for campus and university markets, as well as for the laundry and the leisure and entertainment industries.

In preparation for this conference, HID Global issued a press release announcing its next generation photo ID and ID card application software, Asure ID Exchange version 5.7, featuring iDIRECTOR™ technology. QI Systems was identified as a HID Connect™ partner, with Stephen B. Riegel, QI Systems' vice president of business development, commenting, "We are excited about the opportunities this technology brings as a distribution platform for QI Systems and other application providers." The complete press release and Mr. Riegel's full statement may be viewed on HID Global's web site.

Steven Garman, QI Systems' CEO and president, adds, "People have been attracted to the flexibility and power of iCLASS technology for years. With iDIRECTOR there is now a simple way to unlock the power of iCLASS and deploy high functioning cards that are truly multi-application. With the simultaneous release of iDIRECTOR from HID Identity and the QiWave contactless readers we have the merging of two powerful technologies. End users can now streamline card issuance and remove the cost of handling cash while using the trusted iCLASS card. As a result, we expect our partnership with HID to create significant market opportunities for QI Systems."

About QI Systems:

QI Systems Inc. develops and markets innovative chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit http://www.qisystemsinc.com.

Matters discussed in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements.

® Asure ID and iCLASS are registered trademarks of HID Global Corporation. HID Connect, HID Identity and iDIRECTOR are trademarks of HID Global Corporation. All other trademarks are property of their respective owners.

Contact Information

  • Corporate & Investor Relations Contact:
    Steven R. Garman
    President & CEO
    (817) 485-8111
    Email Contact