Ottawa, Canada, August 29, 2000 - Precidia Technologies Inc. announced today the release of the Ether422 and Ether485 serial to IP protocol converters. These IP enabling devices connect RS422 and RS485 serial devices and make them accessible to an IP network. The Ether422 and Ether485 provide the complete solution to seamlessly migrate outdated networks and legacy devices over to a more sophisticated, efficient IP network.

Precidia President Deepak Wanner, a recognized expert in financial POS systems states, "The Ether422 and Ether485 are the latest of Precidia's Ether family of protocol converters. With these products, incorporating legacy devices onto a more advanced IP network becomes simple and cost-effective."

Utilizing thin server technology, the Ether422 and Ether485 devices provide the user with the increased functionality and speed that internet-based technologies offer. One of the many services these devices feature is the ability to maintain and configure them remotely. These protocol converters simplify network management in one complete, cost-effective solution.

Precidia Vice President of Research and Development Sylvano Carrasco led the design team for the Ether422 and Ether485 products. " The Ether422 and Ether485 protocol converters are a response to the stated need by retailers, financial institutions, and enterprise customers for an IP migration solution which will maintain their investment in legacy payment terminals and other equipment. By incorporating a complete TCP/IP stack in one small internetworking device with a serial port, we have provided these customers with a real, cost effective solution", stated Mr. Carrasco.

About Precidia Technologies
Precidia Technologies Inc. is a global leader in the design and manufacture of IP access devices for a wide range of industries, including retail payments and building automation. With customers in over 75 countries, Precidia's unique product line of wired and wireless access devices seamlessly migrate stand-alone serial and dial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com.