OVERVIEW

Established in 1974, Lipman Electronic Engineering Ltd is a high technology publicly-held company whose shares are traded on the Tel-Aviv stock exchange. Our objective is to keep ahead of the competition through innovative action. Our business philosophy is to provide you with the most reliable, technologically advanced and most cost-effective product available.

The company is involved in the development, production and marketing of a broad line of sophisticated, microprocessor-based electronic equipment and computerized systems for advanced applications, incorporating optical imaging and scanning technologies. Following the tradition of over two decades of excellence in state-of-the-art products, the company continues to expand as a pace-setter in advanced communication and embedded system technologies.

SUBSIDIARIES

Due to Lipman’s extensive experience, our company already enjoys a first-class world-wide reputation. The prospects to continually tap opening international markets are excellent, this is why a dynamic marketing effort is taking place today. In North America, Lipman USA Inc. is responsible for research and development and marketing. Our mainland China subsidiary in Beijing is similarly involved in research, development and marketing for projects related to this particular part of the world. Our Moscow facility is in charge of marketing for the CIS with a research and development group operating out of Saint Petersburg, Russia.

PRODUCT LINE

Today, Lipman’s main product line revolves around the design and manufacture of advanced wireless and tel-line point-of-sale (POS) terminals and cash registers, betting and home services terminals, thermal and impact printers, PIN pads, smart-card readers, coin-operated or credit/debit/smart card controllers for integration into vending machine, commercial washer/dryer payment systems or numerous other card-type payment applications.

Lipman continually strives to manufacture unique and sophisticated products that are: low-cost, simple to operate and program, systematically flexible being based upon well-thought out hardware/software integration, and finally but not least, quality assured. The engineering development department is continually researching new concepts and has demonstrated its ability to quickly respond to the ever present technological changes characterizing the field of data communications.

HUMAN RESOURCES and QUALITY STANDARDS

Since high tech is our business, we must employ experienced professionals. Approximately 20% of Lipman’s employees are engaged in R&D activities. The R&D staff itself includes scientists, physicists, electrical/electronics and software engineers and highly skilled technicians. Drawing on expertise in a wide spectrum of scientific disciplines, Lipman bases its products on an in-depth understanding of the industry and the problems to be solved. It has consistently demonstrated its ability to develop, deliver and support its products. Lipman strives to manufacture under strict quality control guidelines ensuring the highest reliability and quality to be expected of any our products. This, coupled with our approval to ISO 9002 and other internationally accepted international standards, provides you, the customer, with a sure guarantee of excellence.

We at Lipman do not simply sell high tech, we design, develop and support our products with unparalleled service. What you expect from our company is competence, experience and quality - this is indeed what we strive to offer!


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