All-New HACCP-Compliant AccuSpot™ Temperature Monitoring Solution Set
Digitizes Critical Component of Food Safety Management in Restaurants
and Foodservice Operations
HAMDEN, Conn.--(BUSINESS WIRE)--May 21, 2018--
TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the
Company”), a global leader in software-driven technology and printing
solutions for high-growth markets, announced today the expansion of its
restaurant solutions product lineup with the debut of AccuSpot, a new
array of temperature monitoring solutions for restaurant and foodservice
operators, at the National Restaurant Association ("NRA") Show 2018, May
19-22, 2018 at McCormick Place (Booth #6057) in Chicago, IL. Featuring a
pair of new hardware devices – the AccuSpot IR Thermometer and AccuSpot
Probe – and a companion app designed for handheld devices, AccuSpot will
dramatically enhance HACCP compliance, quality standards and food safety
in back-of-house kitchen environments by digitizing complex temperature
monitoring functions and leveraging the power of artificial intelligence
and neural networks to verify that foodservice workers complete the key
steps needed to properly monitor food temperatures throughout kitchen
processes.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “As
we look to further expand our lineup of restaurant management solutions,
TransAct’s ongoing interactions with customers across the industry have
demonstrated the critical importance of temperature monitoring among the
many tasks restaurants and foodservice operators complete to ensure that
customer food is safe. Despite its critical importance, many customers
today use manual processes to monitor and log food temperature. With the
debut of the AccuSpot suite of products, we are again meeting our
customers’ ever-evolving needs and bringing to market a state-of-the-art
temperature monitoring solution that digitizes this key task by marrying
best-of-breed hardware and innovative software. In addition, we are
working with customers to ensure that they have a customized solution
that fits neatly into their complex workflows. Importantly, the addition
of our powerful mobile app ties the solution to the cloud and allows us
to leverage the power of artificial intelligence to dramatically improve
the accuracy of our solution and ensure that employees complete these
critical tasks on time and to the satisfaction of brand quality teams.
“The growing prevalence of the Internet of Things has made it possible
for connected and cloud-based solutions like AccuSpot to enter the
marketplace and dramatically change the way restaurant and foodservice
operators conduct their business every day. As with our growing lineup
of AccuDate restaurant terminal solutions including the all-new AccuDate
XL2e, AccuSpot represents a new and exciting opportunity for TransAct,
one that should allow us to build our recurring revenue base and further
expand our software-based solution set over time. We are delighted to
work with our customers at NRA Show 2018 in Chicago where we will
clearly demonstrate that our team has their ever expanding and ever
evolving needs in mind.”
The new AccuSpot IR Thermometer and AccuSpot Probe debuting at NRA Show
2018 in connection with a dedicated companion app that runs on a
handheld device are designed to revolutionize temperature monitoring and
task completion verification. These simple, HAACP-compliant devices snap
on the back of the handheld device and use infrared sensing (for taking
the surface temperature of items) or a temperature probe (for taking the
internal temperature of items, like meats) to take and log food
temperatures throughout the day. The AccuSpot solution also leverages
the handheld device’s existing camera to send images to the cloud where
food items are identified and to verify that temperatures have been
taken properly. The cloud also stores daily activity logs that can be
used by restaurant operations teams to monitor brand quality and by
local health inspectors who come to restaurant locations to view
existing conditions.
For more information on the AccuSpot IR Thermometer, AccuSpot Probe and
AccuSpot app, NRA 2018 visitors can stop by the Company’s booth at
McCormick Place (Booth #6057) and all customers can visit the Company on
the web at www.transact-tech.com/restaurant-solutions.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including restaurant solutions, POS automation, casino and
gaming, lottery, mobile and oil and gas. The Company’s solutions are
designed from the ground up based on customer requirements and are sold
under the AccuDate™, EPICENTRAL®, Epic®, Ithaca®, RESPONDER and
Printrex® brands. TransAct has over 3.0 million printers and terminals
installed 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.
AccuDate is a registered trademark of TRANSACT Technologies
Incorporated. ©2018 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 new products; 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180521005119/en/
Source: TransAct Technologies Incorporated
Investors:
TransAct Technologies Incorporated
Steve
DeMartino, 203-859-6810
President and Chief Financial Officer
or
JCIR
Richard
Land, Joseph Jaffoni, Jim Leahy
212-835-8500
tact@jcir.com
