LA JOLLA, Calif. Fujitsu-ICL Systems Inc., the North American supplier of Fujitsu products for banks, and Tidel Technologies Inc., an automated teller machine manufacturer, said they have signed an original equipment manufacturer agreement under which Fujitsu-ICL will supply bill dispensers for Tidels ignition series and chameleon series ATMs.
The agreement, estimated to be worth $10 million in its first year, is Fujitsus first partnership agreement as an original equipment manufacturer, and Tidels first strategic supply agreement for its new products.
Fujitsu already is one of the worlds top manufacturers of full-scale, Web-enabled ATMs, and this partnership with Tidel signals our intent to become a leading OEM supplier in the ATM components market, said Ron Omohundro, executive vice president and general manager for Fujitsus products division.
By ensuring a steady supply of bill-dispenser components, the agreement allows Tidel, of Houston, to meet continued retailer demand for its ATM equipment.
