Ottawa, Canada, November 24, 2008 - Precidia Technologies Inc., a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products, announced today its selection as one of the 2009 M2M 100, a directory of the most influential providers of machine-to-machine technology published by M2M Magazine. Acting as a snapshot of the companies currently leading the way in the machine-to-machine technology marketplace, the M2M 100 provides key insight into the M2M industry and how it appears today. Now in its fifth year, the M2M100 has named Precidia every year it has been published.

The M2M 100 is compiled from a list of more than 300 companies gathered from various sources. The editorial team at M2M magazine, along with its editorial advisory board, researches and analyzes the collected data, deciding which 100 companies will be named. Some of the criteria for selection include strength and number of customer references; establishment in the market; growth potential; and active involvement in and support for the M2M community.

Precidia's unique approach to payments integration and device management has earned the company its strong reputation within the industry. Its new router-based TransNet™ payment engine software is challenging the retail payments industry's prevailing payment model with an approach that integrates fast, managed and secure transaction processing with any point-of-sale(POS) device or PC. In addition, Precidia continues to offer simple serial networking products to a range of users in over 200 unique applications, from PBX to nurse call systems. Precidia's popular NetVu™ network management server is leveraged for easier deployment and enhanced device management.

"The M2M 100 gives industry stakeholders a look at which companies are providing the best-of-the-best of what machine-to-machine technology has to offer," said Mike Carrozzo, chief editor of M2M. "These are the companies that provide the cutting-edge technology that's enhancing the practices of businesses in which M2M is deployed."

"We're pleased to be recognized by M2M Magazine for the fifth straight year", said Deepak Wanner, president of Precidia Technologies. "This honor recognizes not only the evolution of the M2M industry, but Precidia's growth as well. Our customers continue to rely on us to connect and manage a wide range of equipment, in more than 85 countries around the world. In addition, we continue to innovate in the payments industry, pioneering a model that is more simple, cost effective and flexible than available options", said Mr. Wanner.

About Precidia Technologies
Precidia Technologies is a global leader in the design and manufacture of Internet Protocol (IP) payment and networking products. With customers in over 85 countries, Precidia offers unique products designed for simple serial networking, as well as a suite which manages the complexity of IP based payments in the retail industry. All of Precidia's products have been designed to maximize the potential of existing equipment, with deployment, monitoring, security and management tools. For more information, visit Precidia on the Web at http://www.precidia.com

About M2M Magazine
Connecting people, devices, and systems, M2M magazine is dedicated to the machine-to-machine communication market. With the goal of helping companies uncover ways to reduce costs and automate processes by networking their assets, M2M magazine helps companies turn data into actionable information. Visit M2M magazine on the Web at www.m2mmag.com/ to learn more.