Ultra Electronics Holdings PLC CORVID PayGate launched by Ultra Electronics
20 September 2016 - 4:01PM
RNS Non-Regulatory
TIDMULE
Ultra Electronics Holdings PLC
20 September 2016
Embargoed until 0700 20 September 2016
Ultra Electronics Holdings plc
("Ultra" or "the Group")
CORVID PayGate launched by Ultra Electronics
CORVID PayGate, the new name for Ultra Payments is launched
today, the next generation ultra-secure agnostic payments
gateway.
Ultra Electronics has today announced the launch of CORVID
PayGate Limited, the new brand for Ultra Payments, (previously also
known as Barron McCann Payments) the specialist in the development
and supply of global strategic payment processing software, data
validation and services to support automated banking and
e-commerce.
CORVID PayGate will meet the growing aspirations and needs of
its customers for a highly secure agnostic global platform,
allowing almost any payment type to be processed through a single
gateway.
"This is a truly exciting time for the payments industry with
regulation changes and the digital payments revolution continuing
to drive innovation. CORVID PayGate will continue to accelerate
development and growth to provide the excellent payment processing
software and services that we are known for. " said Nick Newman,
the head of CORVID PayGate.
- Ends -
Enquiries:
Nick Newman, Head of CORVID PayGate
John Bailey, Marketing Manager 01462 482333
Rakesh Sharma, Chief Executive
Ami Sharma, Group Finance Director 020 8813 4307
Susan McErlain, Corporate Affairs Director 07836 522 722
James White, MHP Communications 020 3128 8756
http://www.corvid-paygate.com
www.ultra-electronics.com
About CORVID PayGate
Robust design with security pedigree ensures that CORVID
PayGate's products and services are fully scalable, highly secure
and capable of accommodating any level of transaction processing.
Their commitment to customer quality extends from development,
using over 30 years of expertise, to class-leading technical
support and renowned data integrity.
CORVID PayGate is an indirect subsidiary of Ultra Electronics
Holdings plc.
Further information about Ultra:
Ultra Electronics is an internationally successful defence,
security, transport and energy company with a long, consistent
track record of development and growth. The Group manages a
portfolio of specialist capabilities generating innovative
solutions to customer needs. Ultra applies electronic and software
technologies in demanding and critical environments ranging from
military applications, through safety-critical devices in aircraft,
to nuclear controls and sensor measurement. These capabilities have
seen the Group's highly differentiated products contributing to a
large number of platforms and programmes.
Ultra has world-leading positions in many of its specialist
capabilities and, as an independent, non-threatening partner, is
able to support all of the main prime contractors in its sectors.
As a result of such positioning, Ultra's systems, equipment or
services are often mission or safety-critical to the successful
operation of the platform to which they contribute. In turn, this
mission-criticality secures Ultra's positions for the long term
which underpins the superior financial performance of the
Group.
Ultra offers support to its customers through the design,
delivery and support phases of a programme. Ultra businesses have a
high degree of operational autonomy where the local management
teams are empowered to devise and implement competitive strategies
that reflect their expertise in their specific niches. The Group
has a small head office and executive team that provide to the
individual businesses the same agile, responsive support that they
provide to customers as well as formulating Ultra's overarching,
corporate strategy
Across the Group's three divisions, Ultra operates in the
following eight market segments:
* Land
* Aerospace
* Maritime
* Communications
* Nuclear
* C2ISR
* Infrastructure * Underwater Warfare
.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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