Ottawa, Canada, November 29, 2005 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) access devices, today announced certification of its POSLynx220 with NetVu™ by Chase Paymentech Solutions, a leading processor of electronic payment transactions. This certification allows restaurant operators and other merchants to connect existing dial and serial point-of-sale (POS) equipment to IP networks for faster, more cost-effective transactions. Certified on a wide variety of payment terminals, the POSLynx220 is now also certified on the synchronous T7P, delivering extremely fast transactions to the high volume Quick Service Restaurant (QSR) sector.

The POSLynx220 with NetVu connects 2 dial and 2 serial devices simultaneously to a broadband frame, DSL or satellite IP network, with no changes to the existing equipment. Featuring SSL encryption and dial back up for enhanced reliability, the POSLynx220 can simultaneously connect payment terminals, ATMs, PC Cash registers and serial peripherals such as check readers and fuel monitors, to broadband IP networks. This alternative to equipment replacement delivers a dramatic reduction in transaction times, while eliminating dedicated dial lines for significant cost savings.

The cost of using the POSLynx220 is a fraction of replacing the terminal, and restaurants can achieve transaction speeds of fewer than 5 seconds. In addition, restaurants recognize an immediate cost savings with the elimination of a dedicated dial line for transaction processing.

Debuting for foodservices operators at this month's FS/TEC conference, the POSLynx220 also features NetVu, a network configuration manager that streamlines deployment and provides valuable ongoing diagnostic data to network administrators and help desks, ensuring limited downtime.

While addressing the FS/TEC conference, Precidia President Deepak Wanner told the audience that he was pleased with the response from restaurant operators, from QSRs to fine dining, who have recognized the value of POSLynx220 and NetVu. "The POSLynx220 is truly a single box solution to IP based transaction processing, and achieving certification with Chase Paymentech has allowed us to reach high volume restaurant operators who can realize the greatest benefits from this product: faster transactions and lower costs," said Mr. Wanner.

About Chase Paymentech Solutions
Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, is the nation's largest financial transaction processor for businesses accepting payments via traditional point of sale, hospitality, Internet, catalog and recurring billing. The privately held company is an end-to-end processor for merchants of all sizes and industries and is a result of the 2005 integration of the former Paymentech and Chase Merchant Services. The integrated companies will process approximately 13.1 billion transactions annually, with more than $500 billion in annual bankcard volume in both the United States and Canada.

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.