Release Details
TRANSACT TECHNOLOGIES SIGNS LATIN AMERICAN CASINO AND GAMING SALES DISTRIBUTION AGREEMENT WITH HANCO TECHNOLOGIES
HAMDEN, CT - April 19, 2010 - TransAct Technologies Incorporated (NASDAQ: TACT), a global leader in market-specific printers for transaction-based industries, today announced that the Company has signed a sales distribution agreement for the Latin American casino and gaming market with Hanco Technologies. Under the agreement, Hanco will sell TransAct's Epic 950®, Epic 430® and Epic 880™ printers, as well as the Company's ServerPort™ technology, to Latin American gaming equipment manufacturers. Hanco also will use its relationships with the casinos to help drive demand for TransAct's casino products in Argentina, Chile, Colombia, Costa Rica, Mexico, Panama and Peru.
"We are excited to be partnering with Hanco, which as a distributor and sales organization has its finger on the pulse of the Latin American casino industry," said Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies. "Through this new agreement, TransAct will expand its distribution capacity in Latin America and be able to provide top-of-the-line technology for the growing Latin American gaming market."
"TransAct Technologies is the world leader in the casino industry with its flagship Epic 950® printer, and we are very proud to have their products in our portfolio of products and services," said Joseph Ma, General Manager of Hanco Technologies.
TransAct will formally exhibit and demonstrate the Epic 950®, ServerPort™ and Epic 880™ products with Hanco at the Fadja Show in Bogota, Colombia on April 22 and April 23.
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® and Epic product brands. TransAct distributes its printers through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct is committed to world-class printer service, spare parts and accessories required by a growing worldwide installed base of printers. Beyond printers, TransAct is a leader in providing printing supplies to the full transaction printer market. Through its TransAct Services Group, TransAct provides a complete range of supplies and consumables items used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming and government markets. Through its webstore, http://www.transactsupplies.com, and a direct selling team, TransAct addresses the growing on-line demand for these products. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit http://www.transact-tech.com or call 203.859.6800.
Contact:
TransAct Technologies Incorporated
Steven DeMartino, EVP and Chief Financial Officer
203-859-6810
ICR Inc.
William Schmitt
203-682-8200