Release Details
TRANSACT TECHNOLOGIES INTRODUCES NEW PRINTER DESIGNED SPECIFICALLY FOR NON-CASINO GAMING MARKET
Wallingford, CT - January 11, 2006 - TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-based printers for customers worldwide, will launch the Epic 430™ printer at the International Casino Exhibition (ICE) and Amusement Trades Exhibition International (ATEI) trade shows, taking place January 24-26 in London, England. This printer adds to the TransAct product line that is designed specifically for gaming-type machines found in non-casino gaming establishments. The Epic 430™ targets game types such as Amusements with Prizes (AWP) and Skills with Prizes (SWP) found in pubs in the UK, Video Lottery Terminals (VLT), Fixed Odds Betting Terminals (FOBT) found in betting parlors in the UK and across Europe, Pachinko machines in Japan, and other off-premise gaming-type machines around the world.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, "We continue to see exciting opportunities in the off-premises gaming market and have focused our attention on building printers designed to meet the specific needs of this new market for TransAct. We designed the Epic 430™ to deliver the same superior performance and reliability our customers have come to expect from our Epic family of gaming printers. The Epic 430™ is smaller in size than our Epic 630™ and is modular in design, which allows customers to configure the printer with just the options they need and assemble it as the game space permits. We believe that the market that this printer line addresses has considerable growth potential for TransAct."
The Epic 430™ offers a variety of user-friendly features including an optional presenter. The presenter eliminates player interference by buffering the ticket, allowing the printer to fully print and cut the ticket before presenting it. The presenter accommodates variable length tickets from 2.5 inches to 10 inches, providing operators the flexibility to easily add graphics or coupons directly to the tickets. The printer is designed to flip open for fast and easy paper roll loading. It delivers a fast print speed of 155 mm/second. Standard sensors include Black Mark, Ticket-Out, Cover Open, and Ticket-Taken.
For further information on the Epic 430™, please visit www.transact-tech.com.
About TransAct Technologies Incorporated
TransAct Technologies (Nasdaq: TACT) designs, develops, assembles, markets and services world-class transaction printers under the Epic® and Ithaca® brand names. Known and respected worldwide for innovative designs and real-world service reliability, TransAct's impact, thermal and inkjet printers generate top-quality receipts, tickets, coupons, register journals and other documents. The company 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. In addition, TransAct has a strong focus on the after-market side of the business, with a growing commitment to printer service, supplies and spare parts. 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.