Oki Electric Industry Co., Ltd. nveiled its ATM21SX, a
small-size ATM for mid and small-size branches of the financial
and convenience stores in the Chinese market. By adding ATM21SX to
OKI’s ATM product lineup for China,
after its full-specification ATM, “ATM21S,” OKI can now respond to the
needs of various levels of branches, from large-size branches to mid-
and small-size branches that have limited installation space. Sales will
start from the end of April 2007, and OKI expects to thus accelerate its
ATM sales in China, targeting sales of 10,000 of its ATM21SXs by 2010.
“While banks are installing new ATMs and the number of convenience
stores in China is expected to increase, demand for small-size ATMs that
can effectively use limited space is also expected to increase,” said
Yoichi Kawashima, President of Systems Hardware Company at Oki Electric
Industry. “Targeting this market for mid- and small-size branches, we
unveil the ATM21SX, combining the technology we have accumulated in
making ATMs for Japanese convenience stores with the ATM21S
technologies, an ATM for the Chinese market. We succeeded in reducing
the installation space by 30% compared to our previous model, achieving
a small-space ATM, which no other company has been able to provide thus
Like the ATM21S, the ATM21SX adopts the cash recycling method. This
method enables the deposited cash to be reused as withdrawal cash,
improving efficiency in cash operations in a compact chassis. By
improving ATM reliability and enabling a long period of unattended
operation with a cash capacity of 7,000 banknotes and 5,000 receipts,
OKI succeeded in significantly reducing the operation cost.
ATM21SX is manufactured at OKI’s production plant in China, Oki Electric
Industry (Shenzhen) Co., Ltd. (OSZ). Going forward, OSZ will develop new
markets by providing consistent ATM service from design to
manufacturing, sales, and through to maintenance. In addition, OKI also
plans to provide this ATM not only in China, but also to new markets
including Southeast Asia and the Pacific markets, with plans to expand
into the European market.
About Oki Electric Industry Co., Ltd.
Founded in 1881, Oki Electric Industry Co., Ltd. is Japan’s first
telecommunications manufacturer, with its headquarters in Tokyo, Japan.
OKI provides top-quality products, technologies and solutions to its
customers through its info-telecom system business, semiconductor
business and printer business. All three businesses function as a
collective force to create exciting new products and technologies that
satisfy a spectrum of customer needs in various markets.