HAMDEN, Conn., April 14, 2008 (PRIME NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced that, together with NCR Corporation, it will be supplying an integrated printer and paper solution for one of the world's leading quick service restaurant companies.
The integrated printing solution includes the Ithaca model 8000(r) printer and unique linerless label solution from NCR's Systemedia Division. The solution will provide a single printer solution for two applications: printing receipts at the front of the store and printing receipt labels in the kitchen for special orders. In supplying this solution, TransAct will have the opportunity to provide the chain's restaurants between four and eight printers per location.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "We are pleased with the success of this collaboration with NCR and excited about the potential future opportunities it presents both companies. NCR is one of the leading providers of point-of-sale solutions as well as support services and printer consumables for the retail and foodservice industries. By working closely with each other, we were able to seamlessly integrate two different types of paper with our single printer solution to deliver a world-class product to our customer. We look forward to continuing to work with NCR as we both continue to sell our combined solutions to other foodservice establishments and retailers. Simply put, this collaboration is a win-win for both companies, as it provides a unique offering that differentiates us from the competition."
TransAct's Ithaca model 8000(r) is a dual-purpose printer that can print on both linerless labels and thermal receipt paper. It combines unique marking capabilities, sophisticated technical advances, and robust engineering in a single printer.
Dan Bogan, Senior Vice President of NCR's Systemedia Division, said, "By working with TransAct, we were able to leverage their printing technology with our unique multifaceted receipt paper. The collaboration went extremely well, and the customer is very pleased with our solution. We look forward to continued cooperation with TransAct to sell our integrated solutions to additional restaurants and retailers."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, banking, kiosk and point-of-sale. 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 are designed from the ground up based on market specific requirements and are sold under the Ithaca(r) and Epic product brands. TransAct distributes its products through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct also has a strong focus on the after-market side of the business, with a high commitment to printer service, supplies, and spare parts. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit www.transact-tech.com or call 203.859.6800.
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", "project" 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; 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; and the outcome of the lawsuit between TransAct and FutureLogic, Inc. 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.