Ottawa, Canada, May 12, 05 - Precidia Technologies, a major provider of Internet Protocol (IP) access devices for the Point-of-Sale (POS) industry, today announced that VeriFone Inc., the leading global provider of payment solutions, and Paymentech, a national electronic payment processor have certified their Ether232POS IP adapter for the Ruby™ POS terminal. The device enables petroleum retailers to reduce costs and significantly speed up transactions.

The Ether232POS seamlessly converts Ruby™ transaction data to IP for transport over broadband Internet networks. Petroleum retailers can eliminate dedicated dial lines and modem costs while decreasing transaction times from an average of 12-20 seconds to between 4-6 seconds. With no changes to existing processes or infrastructure, merchants are up and running quickly.

"The Ether232POS provides a simple, transparent IP option for petroleum retailers to add IP capability to their existing Ruby™ systems. The combined of ease of implementation, cost, and increased functionality make this a truly valuable solution for petroleum retailers to leverage Internet-based processing into the Paymentech host," declared Deepak Wanner, president of Precidia.

VeriFone partner CBE offers turnkey POS solutions for Convenience Store/Petroleum market. "We build custom, integrated POS solutions around the Ruby™ terminal," explained Scott Rosen, CBE IT Director. "The Ether232POS allows us to enhance our solutions with cost-effective IP network connectivity. For our extensive customer base with Ruby™ terminals, the Ether232POS delivers a must-have IP advantage for improving service and lowering operational costs."

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.