News from the Wire

PAX unveils next-generation Q80 countertop payment terminal

Thursday, August 25, 2016 — 13:19:06 (EDT)

Shenzhen, China, Aug. 25, 2016 -- PAX Technology (HKEx: 00327 - PAX GLOBAL), a global leader in the provision of secure electronic payment terminal solutions, has announced the production of a new indoor portable payment terminal will begin in Q4 2016.

The Q80 will be the industry's newest generation of countertop point of sale terminal, offering merchants increased mobility with inbuilt WiFi and new experiences of combining payment and business software applications. As PAX's smallest desktop terminal to date, the Q80 will come packed with state-of-the-art technology, exceptional levels of security and all required industry certifications.

Key Specifications of the Q80:

• Display: 4-inch color capacitive touch screen
• Printer: Lightning fast at 50 lines-per-second
• Connectivity: WiFi, PSTN, Ethernet, optional 3G / 4G / Bluetooth
• Contactless: Visa, MasterCard
• Security: PCI 4.x, EMV Levels 1 & 2
• Optional Battery: 720mAh capacity for extra mobility or to cater to power outages

Mr. Andrew Wu, Vice President of PAX, said, "The indoor portable Q80 is PAX's most powerful desktop yet, offering merchants a smaller retail desktop footprint, the largest display in the countertop terminal space and receipt printing which is double the industry standard."

About PAX (www.pax.com.cn ) PAX Technology is an innovative global provider of electronic payment solutions, offering world-class, cost-effective and superior quality products. Building on its service excellence and proven leadership position, PAX is one of the fastest growing payment industry suppliers with state-of-the-art manufacturing facilities, excellent R&D capabilities and a worldwide network of sales and channel partners. PAX is listed on the Hong Kong stock exchange as PAX Global Technology Ltd (0327.HK).

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Source: Company press release.