TransAct Technologies Announces Its Printrex 920 Printer Approved for Use With the Warrior Data Acquisition System
February 13 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 its new Printrex 920 – the first
full-color printer/plotter designed from the ground up to perform
in the adverse environment of a logging truck or off-shore platform
for oil and gas exploration – has been approved for use with the
Warrior 8 Data Acquisition System from Scientific Data Systems,
Inc. ("SDS"), one of the largest suppliers of data acquisition
systems for use in oil and gas exploration and production markets.
"Today's approval is a major step forward for TransAct and the
introduction into the oil and gas exploration market for our new
Printrex 920 color thermal printer," said Bart C. Shuldman,
Chairman and Chief Executive Officer of TransAct Technologies. "The
industry's desire for color logging reports in the field is now a
reality and our reputation as a top-flight and reliable printer
supplier to the oil and gas industry makes the Printrex 920 an
ideal complement for the Warrior Data Acquisition System. The Data
Acquisition System components must be capable of surviving in the
harsh environments of the well site, and it requires a printer that
can also withstand the rigors of trucking and offshore
platforms. The Printrex 920 is not only built to last, its
innovative color printing solution including the ability to print
without cartridges or ribbons provide the consumer with a true
color solution."
SDS's Warrior Logging software is responsible for data
monitoring and logging, and its Data Acquisition System consists of
a tool interface and power supply panel, computer, printer and
optional depth, line speed, line weight panel and perforating power
supply. The Data Acquisition Systems are used in exploration
and production job site locations around the world (both on and
off-shore) and are used specifically for Cased Hole, Open Hole,
Slick Line Memory and LWD applications.
The Printrex 920 is the first color thermal printer designed
specifically for the oil and gas well logging market, built with
rugged reliability and to perform in the adverse environment of a
logging truck or offshore platform. Printrex 920 uses ZINK®
Zero Ink® – an amazing new way to print in full color without ink
cartridges or ribbons – and can also print in black and white on
standard thermal paper. The printer is available in both
desktop and rack-mount configurations, and provides an easy path to
upgrade existing logging systems to full color.
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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