Lipman Electronic Engineering posted third quarter revenues of $44.5 million, a 43% increase over the year ago period. Net income for the quarter climbed 40% to $9.6 million compared to 3Q/03. During the quarter, Lipman completed its acquisition of Dione, Plc giving the terminal manufacturer an expanded suite of offerings and entry into South Africa and Finland, as well as a significantly expanded presence in the United Kingdom. Lipman acquired privately-held, London-based Dione for $69 million. In addition, Lipman will pay up to $33.4 million to Dione in earn-outs for 2005 and 2006, according to CardFlash International. Dione is a supplier of smart card-based payment systems with applications and managed services, posting revenues for the first nine months of this year of approximately $46 million. Also during the third quarter, Lipman received “EMV 2000” approval for its “NURIT” terminals. For complete details on Lipman’s 3Q/04 performance, visit CardData ([www.carddata.com]).