New partner:
HybridCheckout Nordic AS.

HybridCheckout Nordic AS has been established as a new HybridCheckout partner on the 6th of February 2015.

HybridCheckout Nordic AS (HCN) has acquired all rights to manufacturing, licensing to further partners/resellers and sales for the Norwegian, Swedish, Danish and Finland markets through the all-rights transfer agreement entered by HybridCheckout Ltd UK and HCN.

The HCN management team represents many decades of manufacturing, sales, innovation and management experience:

* Kay Seljeseth, 48 years (CEO)
* Řystein Rem, 48 years (VP Sales)
* Helge Johansen, 64 years (VP Manufacturing)

The manufacturing of the first series of the new HybridCheckout Model 7UC model has started and initial customer installations are planned to be completed in mid-March 2015 by HCN. The first customer's main focus is the HybridCheckout unique cost-saving and fast checkout features.

The new HybridCheckout Model 7UC is 428 cm long and 118 cm wide (cash recycler width not included). The size of the Model 7UC makes it a perfect direct replacement for many mid/large sized groceries and smaller supermarkets.

For the larger groceries and mid-sized supermarket demands the Model 7C with an length of 458 cm and a width of 128 cm is a viable alternative.

The lead time for Model 7C and Model 7UC deliveries are currently 5-8 weeks depending on quantity ordered and options chosen.

Several colors, materials and accessory options are available. Further sizes and models may be supplied as required - please contact us for details.

Joint venture agreement regarding HybridCheckout - PSI Systems AS and HybridCheckout Ltd.

PSI Systems AS and HybridCheckout Ltd. have entered an agreement regarding a joint venture to develop HybridCheckout, which is a checkout counter solution. The joint venture means that PSI Systems AS and HybridCheckout Ltd. will develop the HybridCheckout concept further and introduce it to the Norwegian and Swedish marketplace. The agreement leaves PSI Systems with an opportunity to get exclusive rights to sell HybridCheckout in the two countries mentioned previously. Furthermore, the agreement may give PSI Systems AS access to sell HybridCheckout to other markets worldwide.

As a result, PSI System gains major product segment opportunities from the agreement were substantial growth is to be possible.

HybridCheckout is an innovative new checkout counter concept. Retailers can benefit from this improved checkout concept and can achieve major savings in their business. PSI Systems AS has many years of experience in improving checkout efficiency and security. The joint venture reinforces the expertise from checkout area solutions and new technology and together this will take the checkout processes and efficiency to a whole new level.

PSI Systems AS, a part of PSI Group ASA, is a leading system integrator of technology solution to the retail business in Scandinavia. PSI Group ASA is also a global provider of closed and secure cash handling solutions through the companies CashGuard AB SQS Security Qube System AB. PSI Group has 320 employees and the revenue was 596 MNOK in 2012. The company is listed on the Oslo Stock Exchange.

HybridCheckout Ltd. is a London registered company that holds the rights to HybridCheckout, which is an innovative concept that allows groceries, supermarkets and diversified stores the opportunity to achieve major cost savings by combining a simple self-service checkout with a conventional cashier service checkout into a single parallel scanning checkout unit. HybridCheckout is easy to use, the technology is simple and the checkout process improves vastly when utilized. Hence this will allow retailers to build a much more efficient checkout area as compared to the self-serviced and "old-style" cashier serviced checkouts.

For more information please contact:

PSI Systems AS, Product Manager Ove Teigen (Ph: +47 4000 8844 /
HybridCheckout Ltd, CEO Kay Seljeseth (Ph: +47 9829 8090 /