Nautilus Hyosung says global ATM shipments topped 20K in '08

• 07 Apr 2009

SEOUL, Korea — Nautilus Hyosung, the parent of

America Inc., says in 2008 that it shipped more than 29,000 ATMs

globally.

as a global Citibank partner and began installing ATMs in Citibank.

branches throughout the United States. Fully equipped with advanced

financial hardware and software, Nautilus Hyosung says it.

differentiated its value proposition by providing a highly cost-

effective means of managing self-service in the branches through its

ATM application software and full line up of financial ATMs with highly

efficient deposit automation capability.

.

In the U.S., Nautilus Hyosung is well known as a leading vendor in

the retail ATM market, but our extensive knowledge in self-banking

services in Korea, combined with our experience in overseas

markets, gave us competitive advantage in terms of the cost and our

capability in meeting the exact needs of our customers in the

quickest manner possible,” said J.H. Moon, Nautilus Hyosung's vice

president of sales. “2007 was a great year for us due to huge ATM

replacement initiatives in Korea. But 2008 has opened more doors of

opportunities for our future expansion in the global market. We

continue to push our products into China and India, where we

believe the growth potential in those countries is still great. Nautilus

Hyosung also strengthened its market dominance in North America

by supplying over 20,000 ATMs, topping its 2007 figure of 14,000

units. 2009 will be a better year as we expect ATM replacement

initiatives by Korean banks, due to a currency change, combined

with strong overseas sales.”

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