Press Release

Telequip Announces Interface with NCR Checkout Software
-Telequip's T2+ interfaces with NCR's ACS software-

Salem, New Hampshire - February 3, 2005 - Telequip Corporation today announced that its newest coin dispenser, the Transact2+, has been interfaced with NCR Corporation’s Advanced Checkout Solution (ACS) point-of-sale (POS) software.

Telequip is the leading manufacturer of coin dispensers worldwide. NCR has released an enhancement to the popular, high-throughput ACS that takes advantage of Telequip’s unique two-way communications capability. Report improvements include maintaining till balance in real time, back office cash position totals and real time coin usage.

“As retailers continually strive to speed up the checkout process, we have seen the demand for coin dispensers increasing,” said Stephanie Waters, NCR Director of Product Marketing. “The real time tracking capabilities in ACS help the retailer ensure that the coin dispensers are fully stocked, keeping cashiers at maximum productivity levels.”

Tom Torosian, Senior Account Executive with Telequip, said, “Integrating the coin dispenser into the reporting capabilities of ACS closes the loop and creates a complete cash management solution.”

Regional and national retailer installations are planned for early 2005.

About Telequip

Telequip coin dispensers are installed in national retail chains, quick service restaurants, self-checkout and kiosk systems as well as banks and casinos.

To access additional information on Telequip, please visit: www.telequip.com