Amano USA Holdings, Inc. announces the agreement to acquire Accu-Time Systems Inc.

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Amano USA Holdings, Inc. have announced the acquisition of Accu-Time Systems, Inc. (ATS) based in Ellington CT. Amano and ATS share a common vision and the combination of our products and people provides an enhanced value proposition to our customers, said Mike Lee CEO of AUH.

ATS is a leading developer, manufacturer, and supplier of biometric and non-biometric terminals to the Time and Attendance and Workforce Management industry in the USA and more recently into Europe and other export markets. The company has a strong reputation and tradition of innovative and reliable solutions to its growing customer base of business partners. We look forward to continuing and expanding the ATS tradition of providing quality innovative products here and abroad, said Mr. Lee, The acquisition just makes a lot of sense as ATS brings products and innovation that will leverage Amano's extensive offerings while Amano adds significant breadth and innovation to ATS, said Peter DiMaria, President and Founder of ATS.

The acquisition of ATS will provide a good synergistic effect to Amanos sales channels for time and workforce management. We can also look forward to continuing growth in our businesses by leveraging the innovation that ATS brings to Amano.

In joining the Amano Group of companies, ATS will gain greater access to overseas markets and benefit from the global engineering and support infrastructure that Amano can provide. ATSs valued business partners will share in these benefits of greater market coverage as well as technical resources of a larger group.

ATS will continue to be led by Mr. DiMaria and his management team. Having been in our industry 20 years we have always been aware of Amano as a quality supplier of time and attendance products. We have admired their dedication to quality and consistency from afar. Once our executive staffs started talking we realized the agreement became a compelling opportunity for both of us, said Mr. DiMaria.

About Amano USA Holdings, Inc.

Amano USA Holdings, Inc. (AUH) is a subsidiary of Amano Corporation of Japan, a world leader in Time Recording, Access Control, Automated Parking and Cleaning Systems with annual revenues in excess of $700 million.

About Accu-Time Systems, Inc.

Accu-Time Systems is a global company headquartered in the United States with offices and channel partners in North America, Latin America, Europe, Africa, and the Middle East. The company designs and manufactures biometric and non-biometric workforce management (WFM) and human capital management (HCM) tools. ATS products are widely used for payroll, time and attendance, workforce management, and security access. The company provides solutions for nearly every industry with a product line that extends from simple entry-level time and attendance terminals to state-of-the-art programmable biometric employee kiosk systems.

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