Admiral Beverage Selects USA Technologies for Cashless Payments and Seed Logistics Software
August 15 2018 - 7:30AM
Business Wire
Admiral Joins Growing List of Pepsi Bottlers on
ePort Connect Service
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier
digital payment, consumer engagement and logistics service provider
for the self-service retail market, today announced that
Admiral Pepsi, one of the largest privately-held bottlers for
Pepsi-Cola products in North America, signed a multi-year agreement
for USAT’s ePort Connect Service. The agreement includes deployment
of the ePort cashless payment system on nearly 6,000 machines in
addition to the Seed Pro logistics software. The complete
end-to-end enterprise solution would enable Admiral to provide
cashless payments, improve customer service and route efficiency
and reduce the company’s carbon footprint.
Admiral Beverage and affiliated companies have been quenching
the thirst of the Pepsi generation for more than 50 years. The
Company employs over 1,600 employees with 35 facilities operating
in an eight-state region, producing 48 flavors and brands in
bottles and cans.
“Admiral Beverage is dedicated to meeting the needs of the
accounts by providing superior products and service,”
said sources at Admiral Beverage. “USAT helps to fulfill this
mission by providing a better consumer experience, offering
consumers at those accounts new payment options like credit, debit
and mobile, as well as ensuring we keep our machines stocked and
full of the products in demand. The Seed Pro software has the dual
benefit of also increasing operational efficiencies for Admiral.
The increase in customer satisfaction, projected increase in
revenue and decrease in operating costs make this a triple win for
our company. We are looking forward to quickly deploying the full
suite of USAT’s services and enjoying the benefits of the single
platform that they offer.”
“Admiral’s reputation for superior service and dedication to
innovation made them a perfect candidate for implementing both
USAT’s cashless and the back-office services,” said Anant Agrawal,
EVP Corporate Development, USA Technologies. “They have recognized
for some time that an investment in technology would be an integral
part of the company’s future, but had been unsure of who to partner
with long-term on this important project. We are proud that Admiral
selected USAT for both their cashless payments and their back-end
management system and we are looking forward to working together on
deploying our technology and ensuring Admiral continues to stay at
the forefront of their industry.”
Admiral Beverage represents a new customer for USA Technologies
and joins Pepsi Bottling Ventures as another significant
partnership in the Pepsi Bottling organization.
USAT’s industry-leading ePort cashless payment system brings
reliable, secure, and proven cashless payments to its customers’
machines. Seed Pro is a patented, cloud-based analytics system that
delivers easy-to-use dynamic scheduling, accurate pre-kitting,
smart alerts, and optimized merchandising.
About USA Technologies
USA Technologies, Inc. is a premier payment technology
service provider of integrated cashless and mobile transactions in
the self-service retail market. The company also provides a broad
line of cashless acceptance technologies including its NFC-ready
ePort® G-series, ePort Mobile® for customers on the go, ePort®
Interactive, and QuickConnect, an API Web service for developers.
Through its recent acquisition of Cantaloupe Systems,
Inc. ("Cantaloupe"), the company also offers logistics,
dynamic route scheduling, automated pre-kitting, responsive
merchandising, inventory management, warehouse and accounting
management solutions. Cantaloupe is a premier provider of cloud and
mobile solutions for vending, micro markets, and office coffee
services.
Useful Links:
USA Technologies: https://usatech.com/Twitter:
https://twitter.com/usa_techYouTube:
https://www.youtube.com/user/USATechnologiesResource Center:
https://usatech.com/resource-center/the-benefitsAdmiral Beverage:
https://www.admiralbeverage.com
Sales and Partnership Inquiries:Please contact USA
Technologies, Inc. at +1 800.633.0340 or sales@usatech.com.
Forward-looking Statements:
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: All statements other than statements of
historical fact included in this release, including without
limitation the business strategy and the plans and objectives of
USAT’s management for future operations, are forward-looking
statements. When used in this release, words such as “anticipate”,
“believe”, “estimate”, “expect”, “intend”, and similar expressions,
as they relate to USAT or its management, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of USAT’s management, as well as assumptions made by and
information currently available to USAT’s management. Actual
results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors,
including but not limited to, the ability of USAT to predict future
market conditions and consumer behavior; and the possibility that
all of the expected benefits and efficiencies from cashless payment
services, including increases in revenue and decreases in operating
costs, will not be realized by all vending operators and on all
vending machines or within the expected time period. Readers are
cautioned not to place undue reliance on these forward-looking
statements. Any forward-looking statement made by us in this
release speaks only as of the date of this release. Unless required
by law, USAT does not undertake to release publicly any revisions
to these forward-looking statements to reflect future events or
circumstances or to reflect the occurrence of unanticipated
events.
--G-USAT--
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For USA Technologies, Inc.:Maeve McKenna Duska, +1
800.633.0340mduska@usatech.comorInvestors:Blueshirt GroupMonica
Gould, +1 212-871-3927monica@blueshirtgroup.com
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