QI Systems Launches QiWAVE Vending Support for HID's iCLASS; QI to Provide Payment Solutions to AccessID's Clients

DALLAS, Texas--(BUSINESS WIRE)--July 11, 2006--QI Systems Inc. (OTCBB:QIII), a leading developer and integrator of contact and contactless card payment solutions, today announced the launch of their new QiWAVE cashless vending system. The new product line, which incorporates HID Global(TM) Corporation's iCLASS(R) contactless smart card technology, is designed for use in university and corporate campus vending, laundry, parking and photocopying applications.

HID Global Corporation and one of its companies, AccessID(TM), are supporting the launch of QiWAVE. HID's iCLASS 13.56 MHz contactless smart cards are optimized to manage multiple applications in a secure, versatile and interoperable environment. Applications include physical and logical access, cashless vending and biometric authentication. AccessID adds further value to the iCLASS card through custom printing, anti-counterfeiting features such as holograms and UV inks and other value-added card services required in the campus environment.

QiWAVE's contactless iCLASS solution increases transaction speed and convenience for the user, reduces or eliminates cash handling, reduces machine maintenance and extends card life by eliminating mechanical contact between the card and the reader.

QiWAVE will be introduced to the public at the Campus of the Future Meeting in Honolulu, Hawaii July 8-11. This first-of-its-kind joint conference will bring together three leading trade associations: APPA (National Association of Higher Education Facilities Officers), NACUBO (National Association of College and University Business Officers) and SCUP (Society for College and University Planning). QiWAVE will be used in vending and parking equipment at the meeting as part of AccessID's technical exhibit.

Stephen B. Riegel, QI Systems' Vice President of Business Development commented, "Universities have told us they are looking for a means to get coins and cash handling out of their system. Unattended devices using cash are subject to theft and mechanical failure. Additionally, collecting and processing coins is time consuming and expensive. From the student's perspective, they never seem to have the coins they need for laundry, vending, parking or photocopying. By using QiWAVE cashless vending, students can have the convenience and transactional speed they desire while the school administrators can reduce cash handling and machine maintenance. This now can all be accomplished with the most popular access control card in use today, HID's secure iCLASS technology."

"HID Global recognizes the importance of having contactless payment solutions available to our customers," said Debra Spitler, HID Global's Executive Vice President of HID Connect. "We are pleased that QI Systems is helping us to extend the use of iCLASS from the door to the contactless payment space."

Dennis Caulley, Vice President of AccessID, further states that "QI Systems' offering supports the concept of using a single iCLASS card for multiple applications throughout the campus. We are pleased to be able to work with them to support campus providers."

About QI Systems:

QI Systems Inc. develops and markets innovative contact and contactless chip-based card payment and tracking solutions for a number of industries as well as national, state and local government agencies. QI's products and core competencies include smart-card and stored-value systems, security protocols, data communication software design and hardware manufacture. For more information about QI Systems Inc., visit www.qisystems.ca.

About HID Global:

HID Global is a leading manufacturer in the access control industry, serving customers worldwide with proximity and contactless smart card technologies; central station managed access controllers; secure and custom card solutions; digital identity and photo card management software solutions; and RFID electromechanical cylinders. Headquartered in Irvine, California, HID Global operates international offices that support more than 100 countries and is an ASSA ABLOY Group member. To learn more, please visit www.hidcorp.com.

About AccessID:

AccessID specializes in using the advanced technologies of HID, Indala, and other technology providers to provide custom, secure card solutions for the electronic identification market. AccessID can combine proximity, iCLASS(TM), barcode, Wiegand, magnetic stripe, and contact smart card technologies all on one card. Secure card solutions include high resolution, four-color lithography, and embedded anti-counterfeiting features such as holograms, custom logos, and ultra-violet fluorescent inks. We also offer multiple composite formulations. For more information about AccessID, visit www.secureaccessid.com.

Matters discussed in this press release are "forward-looking statements" and are subject to certain risks and uncertainties. Consider all risk factors carefully when evaluating forward-looking statements, as actual results may differ materially from current expectations. QI Systems undertakes no obligation to publicly update such forward-looking statements.

HID(R), AccessID(TM), iCLASS(R) and Indala(R) are trademarks of HID Global(TM) Corporation