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Diebold &
Tata Infotech Alliance Declares India as a Key ATM manufacturing
Center for South Asia
- CEO, Diebold visits the country to inagurate the latest
state-of-the-art ATM Manufacturing Facility at Goa
21/06/2002 |
Goa,
19th June 2003 : Diebold Incorporated (NYSE : DBD) - a global
leader of integrated financial self-service systems and services,
today announced its plans for making India a key manufacturing
operation for South Asia. This was announced by Walden W. O'Dell,
chairman, president and CEO of Diebold Incorporated, during the
inauguration function of the new state-of-the-art automated teller
machine (ATM) manufacturing facility of Tata Infotech Ltd. in
Mapusa, Goa.
Diebold
and Tata Infotech have entered into a contract-manufacturing agreement
under which Tata Infotech will manufacture Diebold ATMs in India
for distribution in India and south/southeast Asia. The ATMs are
part of the standard Diebold product offering and will be built
according to Diebold's global design and quality specifications.
Many of India's public and private sector banks use ATMs manufactured
by Diebold.
The
33,000 sq.ft. facility will be equipped with ultra modern manufacturing,
testing, SMT (Surface Mount Technology) assembly equipment in
order to supply Diebold ATMs and cash dispensers of world-class
standard.
Speaking
on the occasion, Walden W. O'Dell, Chairman, President and CEO
of Diebold Incorporated said, "The Indian market will continue
to grow and we plan to commit additional resources to service
the market for our customers. Our relationship with Tata Infotech's
will allow Diebold to get closer to our customers so we can better
understand their challenges and provide them with local, tailored
solutions."
The
inauguration was followed by a tour of Tata Infotech's existing
manufacturing facility, which is manufacturing high-precision
electro-mechanical products for international customers.
Said
Mr. J. D. Sharma, sr. vice president, Tata Infotech Manufacturing:
"This facility will supply world-class ATMs to Diebold and
help shorten the delivery period and after-sales support for Indian
customers. This relationship between Diebold and Tata will go
a long way in servicing customers."
About
Diebold:
As
part of its increased focus in the Indian subcontinent, Diebold
had finalized the deal to acquire the remaining 50 percent of
equity of Diebold HMA Private Ltd. on 29th May, 2003. Headquartered
in Chennai, Diebold is now present in India as a 100 percent subsidiary
of Diebold, Incorporated.
Diebold,
Incorporated is a global leader in providing integrated, self-service
delivery systems and services. Diebold employs more than 13,000
associates with representation in more than 88 countries worldwide
and is headquartered in North Canton, Ohio, USA. Diebold reported
revenue of $1.9 billion in 2002 and is publicly traded on the
New York Stock Exchange under the symbol 'DBD.' For more information,
visit the company's Web site at www.diebold.com.
About
Tata Infotech:
Tata
Infotech , a leading IT company is part of the multi-billion dollar
Tata Group, India's most trusted business group. Tata Infotech
provides customers worldwide with innovative system integration
offerings integrating hardware, software solutions and services
in the IT and telecom sectors.
Tata
Infotech's existing manufacturing facility located in Goa extends
over an area of 28,000 sq. feet.It is well equipped with a state-of-the-art
surface mount and through-the-hole assembly line alongwith production
and inspection equipment to undertake prototyping and production.
It has a full fledged design and development laboratory for embedded
systems and is staffed by qualified hardware and software engineers.
All
products are manufactured to international specifications and
certifications, and are subjected to rigorous quality control.
Quality System and Processes have been certified for ISO9001:2000
and many products manufactured are certified under UL/CSA/TuV.
Tata Infotech has won several national export and quality awards
over last many years.
For further information please contact :
Diebold
Contact
Media contact: Investor contact:
Joseph Richardson Michelle Griggy
+ 1 330 490 5562 + 1 330 490 3773
[email protected] [email protected]
Tata Infotech Contact:
Mr. J.D.Sharma
Sr. Vice President -Manufacturing (Mumbai)
Mr.
K. Ravichandran
General Manager-Manufacturing (Goa)