Taiwanese POS Giant Pinnacle Forays Into Indian Market In Collaboration With Printing Ink Leader ESY INDIA

*Taiwanese POS giant Pinnacle forays into Indian market in collaboration with printing ink leader ESY INDIA*

Pinnacle Technology Corporation, world’s largest POS printers & solution devices manufacturer and Mr.BobNue, Chairman and MD of Pinnacle Corporation, Mr.VP.Sajeevan, CEO,ESY Indiaheadquartered in Taipei (Taiwan), today announced its foray into the Indian market in collaboration with printing ink leader ESY India, for marketing their POS Printers and solutions in India.With this, the joint venture would belaunching 2 models of ESYAclas POS Printers with 150 mm and 250 mm speed.

The 2 models of printers come with auto paper cutters and built in serial and USB port and option for customer display unit and cash drawers. Both the models have Ethernet, Wifi and Bluetooth connectivity options. The auto paper cutter is a unique feature since it is placed on the upper cover. This minimises the paper jams and paper loading or clearing paper jams if any, convenient. The patented Oblique Paper Sensor senses the paper quickly 

so that the printer can be fixed as desktop, below the table or hung on the wall.ESYAclas will be launching ARM and Android based Fiscal printers and cloud services soon

Speaking on this significant development, *Mr.BobNue, Chairman and Managing 

Director of Pinnacle Corporation*, said, ‘We are very glad to associate with ESY India for selling and servicing our wide range of products. Being one of the largest OEM companies in the world, Pinnacle products have been around in the country marketed by other brands for more than two decades. This is the first time Pinnacle is launching their products under their own brand – Aclas. We are confident that the ESY India leadership will definitely take Aclas products to leadership position in Indian POS market’.

Reflecting on the tie-up, *Mr.VP.Sajeevan, CEO,ESY India*, said,“The Indian POS market size is estimated to be around USD 500 million and is growing fast at a CAGR of 22%.Thermal printers are in high demand with current volumes of approx 130K units Presently, the market is dominated by few big brands. However with the superior quality and features of ESYAclas products, a robust nationwide sales and service network of 300 centres and a customer base of 5 lakh, we are confident of garnering 15 % market share or USD 75 million before second half of 2016” “

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