Pepsi-Cola of the Hudson Valley Expands Relationship with USA Technologies With New 5 Year Agreement
December 21 2018 - 7:30AM
Business Wire
Optimizes Business by Adding and Upgrading
Cashless Payments Devices and Expands Existing Seed Pro and Seed
Office Services With Addition of Seed Markets and Seed Delivery
Software
USA Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, today announced an expanded agreement
with Pepsi-Cola of the Hudson Valley, a locally-owned independent
Pepsi franchise serving the markets of Dutchess, Orange, Putnam,
Rockland, Sullivan and Ulster counties of New York State since
1946. Through the agreement, Pepsi-Cola of the Hudson Valley has
agreed to install cashless payment devices on 300 additional
machines, and upgrade existing cashless payment devices on 1,000
machines that are already connected to USAT’s ePort Connect
Service. The customer is already utilizing Seed Pro and Seed Office
for increased business efficiencies and performance improvement.
Through this expanded agreement, the customer would be adding Seed
Markets and Seed Delivery for a portion of its micro markets and
coffee machines with the aim to better manage, simplify and
optimize the company’s entire business.
Pepsi-Cola of the Hudson Valley offers full-line vending
services, including snacks, cold and hot beverages, candy and
frozen food items. Through the expanded partnership, Pepsi-Cola of
the Hudson Valley will benefit from the reliability and security of
USAT’s industry-leading cashless payment system on its customers’
machines, coupled with the power of USAT’s cloud-based vending
intelligence solutions, designed to enable Pepsi-Cola of the Hudson
Valley to optimize its business and increase revenues while
minimizing operating costs.
“We have built our company for 72 years based on a firm
commitment to improving our operations, adjusting to change, and
most of all, scaling our business for growth,” said Topher Black,
of Pepsi-Cola of the Hudson Valley. “This has required constantly
looking to the future, bringing the best products to our customers
and innovating in order to keep pace with consumer expectations.
Our expanded agreement with USAT not only brings us closer to
offering cashless payment options on all of our machines through
the industry’s best-in-class payment platform, but delivers
exceptional services to our customers while reducing operational
costs on the back-end. It’s truly a win-win, and we’re thrilled to
expand our partnership with USAT.”
“Pepsi-Cola of the Hudson Valley has been at the forefront of
industry innovation, offering best-in-class products and services
for decades,” said Anant Agrawal, EVP Corporate Development, USA
Technologies. “We are so excited to be not only signing a new
five-year agreement with such an exciting, forward-thinking
company, but helping to expand their services to benefit from our
full enterprise suite of cashless and Seed solutions - which we
believe is one of the most powerful, holistic enterprise platforms
in the unattended retail market.”
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 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_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center:
https://usatech.com/resource-center/the-benefits
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 reductions 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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