TransAct Technologies Signs New Contract for EPICENTRAL(R) Print System
January 30 2013 - 10:00AM
TransAct Technologies Incorporated (Nasdaq:TACT), a global leader
in market-specific solutions, including printers, terminals,
software and other products for transaction-based and other
industries, today announced that it has signed a new contract to
install the EPICENTRAL
® Print System with a casino
in the U.S. The EPICENTRAL
® Print System will be
connected to over 520 slot machines and is projected to go live in
the summer of 2013.
"We are continuing to see momentum for casinos choosing our
EPICENTRAL® Print System to optimize their marketing and
promotional campaigns, and we are pleased to sign another
installation contract which will provide contributions to TransAct
in 2013," said Bart C. Shuldman, Chairman and Chief Executive
Officer of TransAct Technologies. "As we have done in the
past, in order to protect the company's competitive advantage, we
are honoring our customer's wishes to keep their name anonymous
until the system goes live."
The EPICENTRAL® Print System – connected directly to TransAct's
ServerPort™ device inside the slot machine – is an easy-to-use,
cost-efficient software system that enables casinos to internally
develop marketing programs and promotional coupons to be
distributed to customers on a real-time basis at a slot machine via
the EPICENTRAL® technology. Additionally, the system works
with existing slot systems and games as it operates with a separate
and distinct connection with the printer. With this, casinos will
be able to use the EPICENTRAL® Print System to connect to all
existing slot machines, regardless of the game's manufacturer, to
drive increased revenue and enhance their customers' experience on
a real-time basis.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in
developing and manufacturing market-specific solutions, including
printers, terminals, software and other products for
transaction-based and other industries. These industries include
casino, gaming, lottery, banking, kiosk, point-of-sale, food
safety, hospitality, oil and gas, and medical and mobile. Each
individual market has distinct, critical requirements for printing
and the transaction is not complete until the receipt and/or ticket
is produced. TransAct printers and products are designed from
the ground up based on market specific requirements and are sold
under the Ithaca®, Epic, EPICENTRAL® and Printrex® product
brands. TransAct distributes its printers through OEMs,
value-added resellers, selected distributors, and direct to
end-users. TransAct has over 2.4 million printers installed
around the world. TransAct is also committed to providing
world-class printer service, spare parts, accessories and printing
supplies to its growing worldwide installed base of
printers. Through its TransAct Services Group, TransAct
provides a complete range of supplies and consumables items used in
the printing and scanning activities of customers in the
hospitality, banking, retail, gaming, government and oil and gas
exploration markets. Through its webstore,
http://www.transactsupplies.com, and a direct selling team,
TransAct addresses the on-line demand for these
products. TransAct is headquartered in Hamden, CT. For
more information, please visit http://www.transact-tech.com or call
203.859.6800.
The TransAct Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10061
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified
by the use of forward-looking terminology, such as "may", "will",
"expect", "intend", "estimate", "anticipate", "believe" or
"continue" or the negative thereof or other similar words. All
forward-looking statements involve risks and uncertainties,
including, but are not limited to, customer acceptance and market
share gains, both domestically and internationally, in the face of
substantial competition from competitors that have broader lines of
products and greater financial resources; introduction of new
products into the marketplace by competitors; successful product
development; dependence on significant customers; dependence on
significant vendors; dependence on contract manufacturers for the
assembly of a large portion of our products in China; the ability
to protect intellectual property; the ability to recruit and retain
quality employees as the Company grows; dependence on third parties
for sales outside the United States, including Australia, New
Zealand, Europe, Latin America and Asia; economic and political
conditions in the United States, Australia, New Zealand, Europe,
Latin America and Asia; marketplace acceptance of new products;
risks associated with foreign operations; availability of
third-party components at reasonable prices; price wars or other
significant pricing pressures affecting the Company's products in
the United States or abroad; risks associated with potential
future acquisitions; the outcome of the lawsuit between TransAct
and Avery Dennison Corporation; and other risk factors detailed
from time to time in TransAct's reports filed with the Securities
and Exchange Commission. Actual results may differ materially from
those discussed in, or implied by, the forward-looking statements.
The forward-looking statements speak only as of the date of this
release and the Company assumes no duty to update them to reflect
new, changing or unanticipated events or circumstances.
CONTACT: TransAct Technologies Incorporated
Steven DeMartino, President and Chief Financial Officer
203-859-6810
ICR Inc.
William Schmitt
203-682-8200
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