Release Details
TRANSACT TECHNOLOGIES RECEIVES PATENT FOR ITS DUAL PORT TECHNOLOGY
TRANSACT TECHNOLOGIES RECEIVES PATENT FOR ITS DUAL PORT TECHNOLOGY
August 2, 2005
TRANSACT TECHNOLOGIES RECEIVES PATENT FOR ITS DUAL PORT TECHNOLOGYWallingford, CT August 2, 2005 TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, today announced that it was awarded U.S. patent no. 6,924,903 for its dual port printing technology. The technology covered by the newly allowed patent is critical for those in the casino/ gaming industry that want to do promotions or coupons at the slot machine and other venues.
Bart C. Shuldman, Chairman, President and CEO said, "After receiving a notice of allowance from the U.S. Patent and Trademark Office in March of this year, the patent application was resubmitted for further examination. Today's issuance of this patent is the result of the successful further consideration of TransAct's claims and technology by the Patent Office. We are extremely pleased to have received this patent because it validates and serves to protect the intellectual property and proprietary printer technology TransAct offers. It also further demonstrates our expertise in developing superior printing technologies."
Included in the newly issued patent are claims that cover a dual port printer that can print cash vouchers and also coupons or promotions, which can be utilized by casino operators to target marketing programs directly to the slot player. In the printer, one driver or port receives data indicative of voucher information from a local controller and the second driver or port receives data indicative of coupon information from a central system controller. The dual port technology allows the same printer to be used to print both vouchers and coupons.
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 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; and the absence of price wars or other significant pricing pressures affecting the Company's products in the United States or abroad. 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, "After receiving a notice of allowance from the U.S. Patent and Trademark Office in March of this year, the patent application was resubmitted for further examination. Today's issuance of this patent is the result of the successful further consideration of TransAct's claims and technology by the Patent Office. We are extremely pleased to have received this patent because it validates and serves to protect the intellectual property and proprietary printer technology TransAct offers. It also further demonstrates our expertise in developing superior printing technologies."
Included in the newly issued patent are claims that cover a dual port printer that can print cash vouchers and also coupons or promotions, which can be utilized by casino operators to target marketing programs directly to the slot player. In the printer, one driver or port receives data indicative of voucher information from a local controller and the second driver or port receives data indicative of coupon information from a central system controller. The dual port technology allows the same printer to be used to print both vouchers and coupons.
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 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; and the absence of price wars or other significant pricing pressures affecting the Company's products in the United States or abroad. 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.