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NCR Atleos completes spinoff

Effective yesterday, NCR Corporation successfully completed its planned separation into two publicly traded companies. NCR Atleos (“Atleos”) will operate independently as a leader in facilitating banks and retailers to deliver best-in-class self-service banking experiences for consumers.

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Further, Atleos today begins trading of its common stock on the New York Stock Exchange (NYSE) under the symbol NATL.

“Today marks the first day as Atleos. We launch our new company from a position of market leadership and unwavering focus on our customers. I am confident we will continue to lead and transform the ATM industry,” said Tim Oliver, Chief Executive Officer, Atleos.

Atleos is:
• A service-led foundational ATM business with a robust software stack and leading hardware position.
• The world’s biggest network with scalable financial utility that financial institutions and retailers use to extend digital and physical transactions.
• The most comprehensive ATM as a Service offering, as a full outsourcing of all responsibility for ATM networks.
• Leading the way for the ATM and payments industry.
o #1 retail surcharge-free network
o #1 provider of multi-vendor ATM software applications and middleware
o #1 across 30+ countries for ATM installs
• A global corporation. 55% of its revenue, and 80% of employees are based outside the U.S.
o 600,000 global devices under management
o 80,000+ ATM locations owned and operated
o 140 countries supported by Atleos ATMs
• Helping businesses to operate at a payments crossroads. The payments environment is dynamic and the ability to convert assets from digital to physical or physical to digital is more important than ever.
• A software enabled services company that is vertically integrated to manufacture special-use hardware that is part of its solution.
• Seeing 65% recurring revenue, driven by long-term contracts, subscriptions, and transaction volumes. 

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