ISRAEL: Tesco signs with Point of Sale Limited, extends and expands on previous solutions for grocery and fuel retailing
Point of Sale Limited (Nasdaq:POSI) announced today that a new agreement has been signed with TESCO PLC, the leading UK retailer. The new three-year agreement succeeds the original agreement signed in 1997 between the two companies, and it both extends and expands the original terms of that agreement. Under the original agreement, Tesco installed Point of Sale Limited application software in 760 stores in Great Britain and 50 Hyper stores in Central Europe, capping a five-year automation initiative. The new agreement allows Tesco to roll out beyond the original 810 stores into stores in all parts of the world, and it includes new applications, professional services and technical support from Point of Sale. "Point of Sale Limited has proven itself as a solid supplier of our software systems," said Philip Clarke, IT and Logistics director and a member of Tesco's main board of directors. "We see Point of Sale as a long-term partner, responsible for delivering leading-edge technology that will allow us to retain our position as the number one retailer in the UK for the years to come." According to Point of Sale Limited President and CEO Barry Shaked, this agreement is a result of the successful partnership between Tesco and Point of Sale: "We have had the privilege of working with a world-leader in retail that has continuously challenged us with their leading standards in customer service," he said. "As Point of Sale has demonstrated in the past, we are entering this new agreement with confidence in our ability to meet Tesco's future needs." Under the new agreement, Tesco Stores is expected to continue installing the Point of Sale in-store solutions in new locations and to take advantage of new technology and application initiatives.
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