XAC Automation Corporation is principally engaged in the research, development, manufacture and distribution of transaction automation devices. The Company’s main products are electronic financial transaction terminals and peripheral products, transaction document security protection devices, electronic game terminals and multifunctional intelligent card readers/writers, among others. Its card reader/ writer products include magnetic stripe card readers/writers, check readers, smart card readers, and motorized hybrid card readers/writers, among others. Its products are applied in the banking, gaming, point of sale (POS) and other industries. The Company distributes its products within domestic market and to overseas markets. On August 7, 2014, it completed liquidation of a Japan-based wholly owned subsidiary.