Release Details
TOP TIER FINANCIAL SERVICES INSTITUTION UTILIZES TRANSACT TECHNOLOGIES PATENTED STANDARD CONFIGURABLE USB DEVICE IDENTIFIER
TOP TIER FINANCIAL SERVICES INSTITUTION UTILIZES TRANSACT TECHNOLOGIES PATENTED STANDARD CONFIGURABLE USB DEVICE IDENTIFIER
November 15, 2005
TOP TIER FINANCIAL SERVICES INSTITUTION UTILIZES TRANSACT TECHNOLOGIES PATENTED STANDARD CONFIGURABLE USB DEVICE IDENTIFIERWallingford, CT November 15, 2005 TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, today announced that a top tier financial services institution is utilizing TransAct's BANKjet™ 1500 printer with its patented standard configurable Universal Serial Bus (USB) device identifier. The patented technology enables a printer to be interchanged with another printer from the same printer model line, without requiring reinstallation of the device driver or reconfiguration of the communication port by the host driver.
Bart C. Shuldman, Chairman, President and CEO said, "TransAct has always strived to provide our customers with innovative printing technologies. The patented USB technology currently being utilized by a leading top tier financial services institution allows for the quick interchange of printers on live systems, which helps the bank maintain teller window uptime. This is key for the banking industry." "USB interfaces are gaining increasing attention in all our markets because they are quicker and more efficient than traditional interfaces and we believe they will be the future interface for most printers. Banking institutions, especially, want to avoid having to either shut down terminals or wait for a download from the host to occur when a printer is being replaced for maintenance, repair or other reasons. TransAct's technology leverages the USB interface to provide a "hot-swappable" solution. Banking customers are able to swap printers on live systems thereby reducing downtime that can lead to lost revenue."
TransAct will demonstrate the many features of its BANKjet™ 1500 printer including the patented standard configurable USB device identifier at the 28th annual BAI Retail Delivery Conference & Expo being held in Orlando, Florida on November 15-18, 2005. The Company is at Booth 986-988.
About TransAct Technologies Incorporated TransAct (Nasdaq: TACT) designs, develops, manufactures and markets transaction-based printers under the ithaca® name. In addition, the Company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. TransAct focuses on two core markets: point-of-sale (POS) and banking, and gaming and lottery. TransAct sells its products to original equipment manufacturers, value-added resellers and selected distributors, as well as directly to end-users. The Company's product distribution spans across the Americas, Europe, the Middle East, Africa, the Caribbean Islands and the South Pacific. For further information, visit TransAct's web site located at www.transact-tech.com.
CONTACTS: Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059 or David Pasquale, 646-536-7006, or Denise Roche, 646-536-7008, both with The Ruth Group
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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 and Latin America; economic and political conditions in the United States, Australia, New Zealand, Europe and Latin America; 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; and the outcome of lawsuits 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.
Bart C. Shuldman, Chairman, President and CEO said, "TransAct has always strived to provide our customers with innovative printing technologies. The patented USB technology currently being utilized by a leading top tier financial services institution allows for the quick interchange of printers on live systems, which helps the bank maintain teller window uptime. This is key for the banking industry." "USB interfaces are gaining increasing attention in all our markets because they are quicker and more efficient than traditional interfaces and we believe they will be the future interface for most printers. Banking institutions, especially, want to avoid having to either shut down terminals or wait for a download from the host to occur when a printer is being replaced for maintenance, repair or other reasons. TransAct's technology leverages the USB interface to provide a "hot-swappable" solution. Banking customers are able to swap printers on live systems thereby reducing downtime that can lead to lost revenue."
TransAct will demonstrate the many features of its BANKjet™ 1500 printer including the patented standard configurable USB device identifier at the 28th annual BAI Retail Delivery Conference & Expo being held in Orlando, Florida on November 15-18, 2005. The Company is at Booth 986-988.
About TransAct Technologies Incorporated TransAct (Nasdaq: TACT) designs, develops, manufactures and markets transaction-based printers under the ithaca® name. In addition, the Company markets related consumables, spare parts and service. The Company's printers are used worldwide to provide receipts, tickets, coupons, register journals and other documents. TransAct focuses on two core markets: point-of-sale (POS) and banking, and gaming and lottery. TransAct sells its products to original equipment manufacturers, value-added resellers and selected distributors, as well as directly to end-users. The Company's product distribution spans across the Americas, Europe, the Middle East, Africa, the Caribbean Islands and the South Pacific. For further information, visit TransAct's web site located at www.transact-tech.com.
CONTACTS: Steven DeMartino, Chief Financial Officer, 203-269-1198 Ext. 6059 or David Pasquale, 646-536-7006, or Denise Roche, 646-536-7008, both with The Ruth Group
# # #
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 and Latin America; economic and political conditions in the United States, Australia, New Zealand, Europe and Latin America; 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; and the outcome of lawsuits 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.