TransAct Secures First Restaurant BOHA!® Restaurant Operations Platform Order
March 09 2021 - 4:05PM
Business Wire
Annual Recurring Revenue Per Unit is Estimated
to be at least $1,800 per year.
TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct”
or “the Company”), a global leader in software-driven technology
and printing solutions for high-growth markets, today announced
that it has secured its first BOHA!® ROP (Restaurant Operations
Platform) order for thirteen restaurants that are part of a
multi-concept, full-service restaurant company. TransAct estimates
total annual recurring revenue per unit (“ARPU”) will be at least
$1,800, and will also include one-time hardware revenue of at least
$2,800 per location. The company expects to be fully deployed by
year end.
“We are thrilled to announce our first restaurant BOHA! ROP
order and are beginning to see momentum building in the pipeline
for this unique offering,” said Bart C. Shuldman, Chairman and CEO
of TransAct Technologies. “As a full-service back of house
operations platform, BOHA! ROP gives operators the control they
need, exactly where they need it. We look forward to onboarding our
new client and welcoming many more to the BOHA! ecosystem.”
The full deployment of the BOHA! ROP order includes: BOHA!
Labeling, Temp, Sense, Checklist, Timer, and Media Manager, along
with the BOHA! Work Station, BOHA! Sensors, and BOHA! Gateway.
These will be deployed in all 13 US locations along with BOHA!
proprietary labels.
TransAct’s innovative iPad-based BOHA! ROP, which was announced
in September, includes BOHA! hardware as well as a core suite of
software applications which provide restaurant operators with a
single, digitized platform to manage and track food safety
procedures and back-of-house operational processes. Pairing with
the all-new BOHA! Work Station, ROP features TransAct’s new BOHA!
Link technology which allows the iPad to wirelessly print to the
BOHA! Work Station, as well as native iOS BOHA! applications which
can be downloaded and installed directly from the Apple Business
App Store.
BOHA! is the first single-vendor solution to combine
applications for Food Safety Labeling, Temperature Monitoring of
Food and Equipment, Inventory Management, Food Production, Timers,
Food Recalls, Checklists & Procedures, and Equipment Service
Management in one integrated platform. Each BOHA! solution combines
cloud-based SaaS applications with hardware and accessories to
deliver superior results for critical back-of-house operations.
BOHA! offers a one-stop solution for restaurants and food service
companies to address their current back-of-house operating
requirements while providing a future-ready platform capable of
addressing back-of-house operations.
For more information on the Company’s BOHA! ecosystem, please
visit BOHA!.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in
developing software-driven technology and printing solutions for
high-growth markets including food service, casino and gaming, POS
automation, and oil and gas. The Company’s solutions are designed
from the ground up based on customer requirements and are sold
under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and
Printrex® brands. TransAct has sold over 3.3 million printers and
terminals around the world and is committed to providing
world-class service, spare parts and accessories to support its
installed product base. Through the TransAct Services Group, the
Company also provides customers with a complete range of supplies
and consumable items both online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in
Hamden, CT. For more information, please visit
http://www.transact-tech.com or call (203) 859-6800.
BOHA! is a trademark of TRANSACT Technologies Incorporated.
©2021 TRANSACT Technologies Incorporated. All rights reserved.
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 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; our competitors
introducing new products into the marketplace; our ability to
successfully develop and introduce new products and the acceptance
of such products in the marketplace; our dependence on significant
customers; our dependence on significant vendors; dependence on
contract manufacturers for the assembly of a large portion of our
products in Asia; our ability to protect intellectual property; our
ability to recruit and retain quality employees as the Company
grows; our dependence on third parties for sales outside the United
States, including Australia, New Zealand, Europe, Latin America and
Asia; the 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; the 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
risk that our new line of food safety and oil and gas products will
not drive increased adoption by customers; and other risk factors
detailed in TransAct's Annual Report on Form 10-K and other 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210309005914/en/
Investor Contact: Michael Bowen ICR, Inc.
Michael.Bowen@icrinc.com 203-682-8299
Marc P. Griffin ICR, Inc. Marc.Griffin@icrinc.com
646-277-1290
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