BOLOGNA and HOLTSVILLE, N.Y., 23rd October 2006 - Datalogic S.p.A., one of the world's leading manufacturers of barcode readers and portable terminals for data capture, and Symbol Technologies, Inc. (NYSE:SBL), The Enterprise Mobility Company™, today announced an extension to their Original Equipment Manufacturer (OEM) agreement. Under the terms of the five year agreement, which contains a five year renewal option, Symbol will be Datalogic's exclusive supplier of laser scan engines and also provide wireless technology. The contract's total value is currently estimated to be up to $60-75 million over the five year term.
"The renewal of our contract with Symbol is a testament to the value Symbol brings to Datalogic and its customers," said Roberto Tunioli, chief executive officer, Datalogic. "By extending and expanding our relationship with Symbol, Datalogic can redeploy resources and focus on product development and our core manufacturing and research initiatives."
For the past 14 years, Symbol has supplied Datalogic with laser scan engines and radio cards which were embedded in Datalogic's handheld scanners and mobile computers. The agreement announced today will enable Datalogic to rely on Symbol's continued innovation and expertise in scan engines, wireless technology, and other mutually agreeable technologies.
"As the leading OEM of scan engines in the automatic identification/data capture (AIDC) market, we are pleased to become an exclusive supplier to Datalogic," said Sal Iannuzzi, president and chief executive officer, Symbol Technologies. "Symbol remains focused on providing our customers and partners with cutting-edge technologies; and this OEM relationship demonstrates our continued commitment to innovation, research, and product development."
With more than eight million scan engines installed worldwide, Symbol's scan engines are designed to deliver peak performance and high reliability to ensure the accurate capture of information. Symbol's scan engines provide quality, reliability, performance and durability for the scanning and decoding of one-dimensional (1D) or two-dimensional (2D) bar codes.