NOVA Approves Four Lipman Terminals for U.S. Market

Lipman Electronic Engineering (Nasdaq, TASE: <a target="_blank" href="">LPMA</a>) announced today that four of its electronic payment terminals have received class-B certification from NOVA Information Systems, a provider of payment processing infrastructure in the United States and Europe.

The NOVA approval relates to the NURIT 8000S, 8230 and 2085 Point of Sale terminals, Lipman said, and the NURIT 8100.

The 8000S, 8100 and 8230 terminals can support the full range of NOVA payment processing applications, including credit, debit, checks and gift cards, electronic checks and dynamic currency conversion, Lipman says.

The 2085 can support credit, debit and gift card transactions.

With this certification, these terminals can be sold and supported by NOVA to its merchant and financial institution customers.

David Strider, executive veep at NOVA, commented that adding Lipman's NURIT to its range ensures NOVA customers can select from among the leading solutions in the market.

At present Lipman officers are keeping quiet ahead of publishing the company's financial statement on February 7, 2006.

In early December, Merrill Lynch raised its 12-month price target fro Lipman by three dollars to $28, based on its confidence in the company's results in the near and far future. The analysts were pleased with Lipman's penetration of the German and Mexican markets and were encouraged by a meeting with its management.

Lipman stock from 2004