Cantaloupe, Inc. (NASDAQ: CTLP) (“Cantaloupe” or the “Company”),
a digital payments and software services company that provides
end-to-end technology solutions for the unattended retail market,
and Castles Technology, an industry leading manufacturer of credit
card payment terminals, today announced a commercial arrangement to
introduce a next-generation cashless solution. In addition, the
agreement contemplates the two companies will leverage their
respective market positions to drive sales, delivery, and increased
adoption. The innovative solution envisions a novel value
proposition for the market, with the goal of offering consumers an
experience in unattended retail that’s richer and much more
compelling.
"Our relationship with Cantaloupe is key for meeting the growing
demand for Castles’ unattended family of products," said Winston
Fong, chief executive officer, Castles Technology North America.
"This agreement represents a significant milestone of our presence
in vending and the unattended marketplace in North America, and we
are excited to join together with Cantaloupe to deliver leading
edge products and solutions to satisfy the needs for all types of
customers. Our combined solution will allow customers to better
connect with consumers by leveraging digital displays thereby
creating a much better buying experience.”
Castles’ unattended payment terminals incorporate state of the
art engineering, product design, PCI security and EMV Contact and
Contactless, exceeding the highest standards required by the
unattended payments industry. The devices can be fitted in wide
range of hardware configurations, including vending, kiosks,
amusement, and EV charging stations.
"We believe the benefits of Cantaloupe’s platform are vastly
increased with Castles’ products," said Sean Feeney, chief
executive officer, Cantaloupe, Inc. "This strategic alliance offers
customers, new and existing, the most innovative approach to
vending retail, enabling greater operational agility and
significant reductions to operating costs. Our relationship with
Castles is another demonstration of our best-in-class strategy in
action — offering our enterprise and SMB customers industry-leading
solutions to enhance capabilities and achieve a better return on
investment.”
Useful Links:
- Cantaloupe: https://cantaloupe.com/
- Blog: https://www.cantaloupe.com/blog/
- LinkedIn: https://www.linkedin.com/company/cantaloupeinc
- Resource Center: https://www.cantaloupe.com/resources/
- Twitter: https://twitter.com/cantaloupeinc_
- Cantaloupe YouTube:
https://www.youtube.com/channel/UCTGQNcXUydcOHLZiuIEPuaw
- Castles Technology: www.castlestech.com
- Castles YouTube: https://youtu.be/XYtyuiKoZyI
Sales and Partnership Inquiries:
Please contact Cantaloupe, Inc. at +1 800.633.0340 or
sales@cantaloupe.com.
About Castles Technology
Castles Technology positions itself as a professional leading
manufacturer in the payments industry. Since its inception in 1993,
Castles has been one of the leading global providers of
state-of-the-art payment solutions for financial, retail,
hospitality, transportation and unattended market sectors. Castles
provides variety of products that make payments seamless, simple
and secure. Headquartered in Taipei, Taiwan, Castles has grown
exponentially over the years and continues to leave a global
footprint. Castles’ customers and partners continue to benefit from
the company’s cutting-edge payment solutions and outstanding
customer service. The company has regional offices in North
America, Spain, Italy, UK, Jordan, Japan, China and Singapore, to
support over 59 countries globally.
About Cantaloupe, Inc.
Cantaloupe, Inc. is a software and payments company that
provides end-to-end technology solutions for the unattended retail
market. Cantaloupe is transforming the unattended retail community
by offering one integrated solution for payments processing,
logistics, and back-office management. The Company’s
enterprise-wide platform is designed to increase consumer
engagement and sales revenue through digital payments, digital
advertising and customer loyalty programs, while providing
retailers with control and visibility over their operations and
inventory. As a result, customers ranging from vending machine
companies, to operators of micro-markets, gas and car charging
stations, laundromats, metered parking terminals, kiosks,
amusements and more, can run their businesses more proactively,
predictably, and competitively.
Forward-looking Statements:
All statements other than statements of historical fact included
in this release, including without limitation Cantaloupe’s future
prospects and performance, the business strategy and the plans and
objectives of Cantaloupe's management for future operations, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this
release, words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “guidance,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions, as they relate to Cantaloupe or its
management, may identify forward-looking statements. Such
forward-looking statements are based on the reasonable beliefs of
Cantaloupe's management, as well as assumptions made by and
information currently available to Cantaloupe'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 incurrence by Cantaloupe of any
unanticipated or unusual non-operational expenses which would
require us to divert our cash resources from achieving our business
plan; the uncertainties associated with COVID-19, including its
possible effects on Cantaloupe’s operations, financial condition
and the demand for Cantaloupe’s products and services; the ability
of Cantaloupe to predict or estimate its future quarterly or annual
revenue and expenses given the developing and unpredictable market
for its products; the ability of Cantaloupe to retain key customers
from whom a significant portion of its revenues is derived; the
ability of Cantaloupe to compete with its competitors to obtain
market share; the ability of Cantaloupe to make available and
successfully upgrade current customers to new standards and
protocols; whether Cantaloupe's existing or anticipated customers
purchase, rent or utilize ePort or Seed devices or our other
products or services in the future at levels currently anticipated
by Cantaloupe; disruptions to our systems, breaches in the security
of transactions involving our products or services, or failure of
our processing systems; or other risks discussed in Cantaloupe’s
filings with the U.S. Securities and Exchange Commission, including
but not limited to its Annual Report on Form 10-K for the year
ended June 30, 2020 and its Quarterly Reports on Form 10-Q for the
quarters ended September 30, 2020 and December 31, 2020. 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, Cantaloupe 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. If Cantaloupe updates one or more
forward-looking statements, no inference should be drawn that
Cantaloupe will make additional updates with respect to those or
other forward-looking statements.
-- G-CTLP
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version on businesswire.com: https://www.businesswire.com/news/home/20210504005504/en/
Media Contact for Castles Technology: Rob Murphy +1
770.527.1664 robert.murphy@castlestech.com
Media and Investor Relations Contacts for Cantaloupe,
Inc.: Alicia V. Nieva-Woodgate Cantaloupe, Inc. +1 720.445.4220
media@cantaloupe.com
Emily Porro Makovsky eporro@makovsky.com
Investor Relations: ICR, Inc. cantaloupeIR@icrinc.com
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