Ottawa, Canada, November 27, 2001 - Precidia Technologies Inc. announced today the certification of its Ether3201-202 product by Bell Canada, for Packet3201 service (commonly known in Canada as Datapac™)connectivity. This milestone is the culmination of several months of development and laboratory testing.

The Ether3201-202 product was originally designed to migrate existing payment terminals from the Packet3201 service to newer IP networks. However, in this configuration, the Ether3201 will act as the adapter linking newer payment systems to the existing Packet3201 service network. Packet3201 is the network of choice to connect payment terminals to Canadian financial institutions. When merchants and processors migrate to an end to end IP solution, the same unit will act as the gateway adapter to handle routing information and transaction management functions. Not only is this solution cost competitive with existing Packet3201 service network adapters, but with the migration path it provides, it becomes a key component to the solution merchants are looking for to address their needs for today and the future.

"The Ether3201-202 conforms with the Asynchronous Polling Interface (API) protocol for use on Packet3201 Service", said Wayne Fontaine, Packet Services Consultant for Bell Canada. "This device can respond to one or more of 48 poll codes with each poll code running a unique session, a feature vital for load sharing or sending data to multiple hosts. This product has been rigorously tested and is proven to offer a successful solution in environments requiring Packet3201 service connectivity."

Precidia President Deepak Wanner says the certification is an important step in the company's strategy to offer a full suite of connectivity solutions to Canadian retailers: "Bell's certification of the Ether3201-202 allows us to provide an IP front end to Packet3201 service today. Legacy networks will not disappear overnight. Merchants changing their payment systems today need a transition path that meets not only their needs today, but also in the future. Not only does this solidify our position as the leader in Point of Sales networking, but it is also an important milestone in our relationship with Bell Canada, a valued partner. We are pleased to have received this certification."

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.