NCR talks up China bank deals

Source: NCR

NCR Corporation (NYSE:NCR) today announced its continued leadership of China's automated teller machine (ATM) market, having secured significant orders in 2006 totaling over 5,600 units from the top four local Chinese commercial banks.

This includes the Agricultural Bank of China, Bank of China, China Construction Bank and Industrial & Commercial Bank of China.

The orders are comprised of NCR Personas ATMs, Intelligent "No Envelope" Deposit technology and second-line maintenance services. Rollout continues into 2007 and will be complete by year's end.

According to the latest research report by independent research company, Retail Banking Research (RBR), NCR has a leading market share in China of 33.7 percent in 2005. With the 2006 orders from the Chinese commercial banks and its overall China orders, NCR expects that it will comfortably maintain its leadership of the China market. RBR estimates that the China market will grow at an average annual rate of 8 percent over the next five years.

"We are proud to achieve such a significant share of orders, which further solidifies NCR's market leadership in the greater China region. This demonstrates the value our customer partners place in NCR's leading self-service technology, service capabilities and commitment to the China market," said Bob Tramontano, vice president of self-service for NCR's Financial Solutions Division. "We will continue to work with our customers to address their unique needs, while investing in research and development that will continue to benefit our customers and consumers in the China market and around the world."

In addition to NCR's manufacturing presence in Beijing, its innovative China Currency Management Center and its Center of Expertise for Modern Check Image Processing Technology, the company recently announced the opening of the NCR/Dalian Maritime University Human-Computer Interaction Research Center. This is the first center in China to study how consumers use self-service technologies so that the most relevant solutions for this market can be developed and deployed.

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