BancTec Opens the Book on New Multi-Vendor Services (MVS) Relationship With Tech Logic

DALLAS -

- Comprehensive MVS solutions for provider of library material handling equipment to include installation, preventative maintenance and break/fix services

BancTec, a global provider of advanced, high-volume, document and payment processing solutions and services, continues to expand the reach of its Multi-Vendor Services offering with an agreement to be the exclusive, North American service provider for Tech Logic, the leader in automated check-in and check-out solutions for libraries.

Under the agreement, BancTec will provide installation, preventative maintenance, and break/fix services in the U.S. and Canada on Tech Logic’s entire product portfolio, including hands-free book returns, conveyor belt delivery systems, automated book sorters, interlibrary distributions systems, and barcode and RFID check-in and check-out systems. Tech Logic currently serves hundreds of customers across North America. Service delivery will begin in August.

“Tech Logic’s innovative systems have revolutionized the way materials move in libraries, and are in strong demand across North America,” said Gary Kirk, executive director, Tech Logic. “To support our growth and enhance our ability to provide customers with the highest level of expertise and responsiveness, we sought a partner with strong technical skills and extensive national footprint to be our exclusive service partner. BancTec’s ability to quickly understand our business, train its technicians on our systems, and provide the broad coverage we need, will further differentiate us in the market and support our aggressive growth plans.”

“Tech Logic’s advanced automated material handling systems, self-checkout stations and RFID products are changing the way libraries manage their operations,” said Terry Holash, vice president, Americas Multi-Vendor Services, BancTec. “BancTec’s service team is particularly well-suited to handle the complexity of these systems and ensure that they are installed and maintained properly. We look forward to providing service for Tech Logic throughout North America, and enabling their engineers to focus on designing the next generation of advanced library solutions.”

About Tech Logic

Founded in 1997, Tech Logic exclusively serves libraries, transforming the tedium associated with material handling and patron self-service into streamlined, cost-effective processes. The processes, which utilize patented, intelligent machinery and RFID capabilities, enable library staff to focus on library work, not library labor. Specific products provided by Tech Logic include book drops, belt conveyor delivery systems, inter-library distribution systems, standalone and free-standing patron reserve systems, and barcode and RFID check-in and check-out systems.

About BancTec

BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call +1-800-BANCTEC.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec’s objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law.

Source: BancTec

Chuck Corbin of BancTec, +1-972-821-4970, chuck.corbin at banctec.com