Hypercom Offers Extended Warranties Through Aon Warranty Group
26 Ottobre 2006 - 7:34PM
Business Wire
Hypercom Corporation (NYSE: HYC) and Aon Warranty Group, a unit of
Aon Corporation (NYSE: AOC), announced today a multi-year agreement
to provide extended warranty plans for select Hypercom electronic
payment terminals. The agreement will enable Hypercom customers to
extend the term protection of Hypercom�s standard industry-leading
warranty for a total coverage of five years. Under the terms of the
current agreement, Aon Warranty Group will serve as the primary
obligor and provide underwriting, consulting services and claims
administration of its enhanced service contracts for U.S. retailers
that purchase Hypercom�s Optimum series of multi-lane card payment
terminals. Aon has selected Hypercom to handle the product
maintenance during the extended warranty term. Both parties plan to
expand the agreement to cover additional Hypercom products and
geographic regions, with Aon�s global footprint providing the
ability to offer extended warranties across much of Hypercom�s
worldwide customer base. �For Hypercom customers, this agreement
offers the added security of knowing that their mission-critical
payment terminal infrastructure can be protected for an extra term.
For Hypercom, it represents part of a broader plan to strengthen
our service capabilities and profitability,� said John H. Andrews,
Senior Vice President of Hypercom Global Customer Service.
�Partnering with an industry leader like Aon will enable us to
offer new and innovative warranty programs that will benefit our
customers as well as our own business.� �This partnership will give
Hypercom customers an affordable way to protect their investment,
save on repair costs, and ultimately differentiate themselves from
the competition as the program expands,� said Mike Frosch,
President of Aon Warranty Group North America, Non-Automotive.
�This is an intuitive and strategic relationship that will benefit
all parties involved.� About Aon Warranty Group
(www.aonwarranty.com) Aon Warranty Group, soon to be acquired by
Onex Corporation (TSX:OCX, www.onex.com) and renamed �the warranty
group�, is a world leader in sales, service and underwriting of
mechanical repair agreements with over $4 billion in assets and
$1.5 billion in revenue. Aon Corporation (www.aon.com) is a holding
company comprised of a family of insurance brokerage, consulting
and insurance underwriting subsidiaries with annual revenues in
excess of $8 billion and over 55,000 employees in 125 countries
worldwide. About Hypercom (www.hypercom.com) Global payment
technology leader Hypercom Corporation delivers a full suite of
high security, end-to-end electronic payment products and services.
The company�s solutions address the high security electronic
transaction needs of banks and other financial institutions,
processors, large scale retailers, smaller merchants, quick service
restaurants, and users in the transportation, healthcare, prepaid,
unattended and many other markets. Hypercom solutions enable
businesses in more than 100 countries to securely expand their
revenues and profits. Hypercom and Optimum & Design are
registered trademarks of Hypercom Corporation. All other products
or services mentioned in this document are trademarks, service
marks, registered trademarks or registered service marks of their
respective owners. This press release includes statements that may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding market acceptance of new products, product
performance, product sales, revenues and profits. These
forward-looking statements are based on management�s current
expectations and beliefs and are subject to risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. In particular, factors
that could cause actual results to differ materially from those in
forward-looking statements include, industry, competitive and
technological changes; the loss of, and failure to replace any
significant customers; the composition, timing and size of orders
from and shipments to major customers; inventory obsolescence;
market acceptance of new products and services; the performance of
suppliers and subcontractors; risks associated with international
operations and foreign currency fluctuations; the state of the U.S.
and global economies in general and other risks detailed in our
filings with the Securities and Exchange Commission, including the
Company's most recent 10-K and subsequent 10-Qs. Forward-looking
statements speak only as of the date made and are not guarantees of
future performance. We undertake no obligation to publicly update
or revise any forward-looking statements. HYCP Hypercom Corporation
(NYSE: HYC) and Aon Warranty Group, a unit of Aon Corporation
(NYSE: AOC), announced today a multi-year agreement to provide
extended warranty plans for select Hypercom electronic payment
terminals. The agreement will enable Hypercom customers to extend
the term protection of Hypercom's standard industry-leading
warranty for a total coverage of five years. Under the terms of the
current agreement, Aon Warranty Group will serve as the primary
obligor and provide underwriting, consulting services and claims
administration of its enhanced service contracts for U.S. retailers
that purchase Hypercom's Optimum series of multi-lane card payment
terminals. Aon has selected Hypercom to handle the product
maintenance during the extended warranty term. Both parties plan to
expand the agreement to cover additional Hypercom products and
geographic regions, with Aon's global footprint providing the
ability to offer extended warranties across much of Hypercom's
worldwide customer base. "For Hypercom customers, this agreement
offers the added security of knowing that their mission-critical
payment terminal infrastructure can be protected for an extra term.
For Hypercom, it represents part of a broader plan to strengthen
our service capabilities and profitability," said John H. Andrews,
Senior Vice President of Hypercom Global Customer Service.
"Partnering with an industry leader like Aon will enable us to
offer new and innovative warranty programs that will benefit our
customers as well as our own business." "This partnership will give
Hypercom customers an affordable way to protect their investment,
save on repair costs, and ultimately differentiate themselves from
the competition as the program expands," said Mike Frosch,
President of Aon Warranty Group North America, Non-Automotive.
"This is an intuitive and strategic relationship that will benefit
all parties involved." About Aon Warranty Group
(www.aonwarranty.com) Aon Warranty Group, soon to be acquired by
Onex Corporation (TSX:OCX, www.onex.com) and renamed "the warranty
group", is a world leader in sales, service and underwriting of
mechanical repair agreements with over $4 billion in assets and
$1.5 billion in revenue. Aon Corporation (www.aon.com) is a holding
company comprised of a family of insurance brokerage, consulting
and insurance underwriting subsidiaries with annual revenues in
excess of $8 billion and over 55,000 employees in 125 countries
worldwide. About Hypercom (www.hypercom.com) Global payment
technology leader Hypercom Corporation delivers a full suite of
high security, end-to-end electronic payment products and services.
The company's solutions address the high security electronic
transaction needs of banks and other financial institutions,
processors, large scale retailers, smaller merchants, quick service
restaurants, and users in the transportation, healthcare, prepaid,
unattended and many other markets. Hypercom solutions enable
businesses in more than 100 countries to securely expand their
revenues and profits. Hypercom and Optimum & Design are
registered trademarks of Hypercom Corporation. All other products
or services mentioned in this document are trademarks, service
marks, registered trademarks or registered service marks of their
respective owners. This press release includes statements that may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding market acceptance of new products, product
performance, product sales, revenues and profits. These
forward-looking statements are based on management's current
expectations and beliefs and are subject to risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. In particular, factors
that could cause actual results to differ materially from those in
forward-looking statements include, industry, competitive and
technological changes; the loss of, and failure to replace any
significant customers; the composition, timing and size of orders
from and shipments to major customers; inventory obsolescence;
market acceptance of new products and services; the performance of
suppliers and subcontractors; risks associated with international
operations and foreign currency fluctuations; the state of the U.S.
and global economies in general and other risks detailed in our
filings with the Securities and Exchange Commission, including the
Company's most recent 10-K and subsequent 10-Qs. Forward-looking
statements speak only as of the date made and are not guarantees of
future performance. We undertake no obligation to publicly update
or revise any forward-looking statements. HYCP
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