Q Comm International Engages Shera Technology

Friday 10 December 2004 00:21 CET | News

Q Comm International, a provider of prepaid transaction processing and electronic point-of-sale (POS) distribution solutions, has entered into a manufacturing relationship with Shera Technology. Shera, along with Q Comm’s current vendor, Universal Electronics, will manufacture Q Comm’s â€Åq xpress” point-of-sale terminals. This contract with Shera will allow Q Comm to purchase terminals at a lower cost.

Shera provides off-shore manufacturing services to American and Canadian companies, while maintaining superior customer service and communication through western management personnel that work overseas. Incorporated in 1992, Shera initially established its manufacturing base in Taiwan, providing manufacturing services predominantly to American and Canadian companies in the banking, finance, and prepaid markets, with an emphasis on the manufacture of point-of-sale terminals and thermal printers. More recently, Shera has opened a newly constructed manufacturing facility in China, near the heart of the Shanghai-Suzhou high-tech corridor. Shera made this move in order to maintain a competitive edge by capitalizing on China’s pro-business stance, high quality work force, and low material and labor costs. Through this new facility, Shera can keep overhead low and pass valuable savings onto its customers, such as Q Comm. The terminals that are manufactured by Shera will continue to feature Q Comm’s proprietary technology. All devices enable simple menus for easy product selection as well as “hotkeys” that by-pass menus and take clerks instantly to the highest-selling products. With Q Comm, product creation is speedy, simple and there is no requirement to memorize codes or function keys, an important consideration in the retail industry, where the turnover of employees is frequent. The optional rear display panel and the thermal card printer remain the most popular features with Q Comm customers. Subsequent to the announcement, Q Comm received several investor inquiries regarding its relationship with Shera. In response to the investor inquires Q Comm announced that it is currently committed to purchasing a total of 5600 terminals, including the 3780 q express terminals on order with Shera. The units purchased from Shera shall have an average unit cost of $225 each.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce