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July 13, 2005 - Psion Teklogix (LSE: PON), a global provider of solutions for mobile computing, wireless data collection and RFID, today announced it has acquired a leading image capture firm, Symagery Microsystems Inc. based in Ottawa, Canada. Symagery Microsystems Inc. delivers image capture and processing solutions for use in commercial and mobile data collection applications such as transportation, supply chain management, and mobile sales and service. Psion Teklogix currently uses Symagery's solutions in their WORKABOUT PRO and 7535 rugged hand-held computers.
This acquisition broadens Psion Teklogix' product offering and strengthens its core technology capability to the benefit of its customers and partners around the world. Psion Teklogix intends to build on the strong Symagery image capture brand in the market.
The image capture and processing market is a segment of the broader automatic identification and data capture market in which Psion Teklogix is a global leader. The demand for imaging solutions within this market is increasing as enterprises seek the benefits of faster and more accurate data collection at the point where transactions are completed and workers deal with customers or assets.
"This is an excellent acquisition for Psion Teklogix following several years of working together on customer projects. Symagery has developed a strong portfolio of leading image capture and processing technologies which we have already integrated into the Psion Teklogix hand-held computers for customers to use to improve their productivity," said Alistair Crawford, CEO, Psion Teklogix Inc. "Symagery's technology and capability fit directly with our market strategy and approach. This acquisition strengthens our product offering to our customers and partners around the world by widening their choices of data capture techniques."
"This acquisition makes sense for both companies and their respective customers and partners. Our extensive imaging expertise combined with Psion Teklogix' mobile computing solutions will result in new capabilities that meet the growing need for image capture solutions ", said Ronald W. Caines, President and CEO of Symagery Microsystems Inc.
About Psion Teklogix Inc.
Psion Teklogix is a global provider of solutions for mobile computing and wireless data collection. The company's fully integrated mobile computing solutions include rugged hardware; secure wireless networks, robust software, professional services, and exceptional support programs. Psion Teklogix is committed to helping its customers reap the benefits of new and emerging technologies, including image capture and RFID. With over three decades of industry experience, Psion Teklogix has customers in more than 80 countries around the world, and over 36 sales and support offices in 17 countries. Psion Teklogix is headquartered in Mississauga, Ontario, with additional corporate offices in America, Europe, and Asia. Psion Teklogix is the operating business of Psion PLC, which is publicly listed in the London Stock Exchange (PON.L). For more information, visit www.psionteklogix.com.
About Symagery Microsystems Inc.
Symagery Microsystems (www.symagery.com) provides image capture solutions exclusively for original equipment manufacturers serving automatic identification and data capture markets around the world. It was established in 1997, and is located in Ottawa, Ontario, Canada.