Company Introduces a Full Page Integrated Mobile Printer into Rapidly
Expanding Market
HAMDEN, Conn.--(BUSINESS WIRE)--
TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in
market-specific solutions, including printers, terminals, software and
other products for transaction-based and other industries, announced
today its RESPONDER MP2™ mobile printing solution. Developed for
installation in a wide variety of fleet vehicles - including fire
trucks, police cars, emergency medical vehicles, insurance fleets and
delivery vehicles, among others - the RESPONDER MP2 capitalizes upon
machine-to-machine (M2M) technology while delivering full-page printing
from a fully integrated printer and paper source. With the continued
rise in use of cloud-based systems and applications, the RESPONDER MP2
is a critical component for users looking for a state-of-the-art device
that will produce reliable, quality output while on the road.
"The introduction of the RESPONDER MP2 reflects TransAct's ability to
leverage our expertise and understanding of printing and software
technologies to identify opportunities in largely untapped markets where
we can develop value- added solutions that allow customers to operate
more efficiently," said Bart C. Shuldman, Chairman and Chief Executive
Officer of TransAct Technologies. "Various industry estimates place the
value of the M2M market (inclusive of hardware components, technologies
and related applications) at nearly $86 billion by 2017, and that 18
billion M2M connections will take place globally by 2022. As the need
for mobile printer applications continues to grow with more vehicle
fleet operators embracing mobile computing platforms like tablets and
laptops and installing these devices across their fleets, the RESPONDER
MP2 offers mobile printing functionality that is not currently
available. While vehicle fleets across many industries, including
medical and emergency, have long struggled with reliable on-demand
mobile printing, the flexibility of our new RESPONDER MP2 uniquely
addresses this challenge with an easy to implement solution. In creating
an all-in-one printing solution that can be easily mounted anywhere in a
vehicle, we believe we are bringing the industry's most flexible,
easiest to use mobile printer to market, opening up another unique new
opportunity for TransAct."
The RESPONDER MP2 leverages M2M technology to print information sent
from a Web-connected device (such as a laptop or tablet) via Wi-Fi or
Bluetooth. Users may also send information via a direct connection to
the printer. Featuring a compact, low-profile, all-in-one configuration
that integrates both the thermal paper roll and printing unit, the
RESPONDER MP2 is designed for use in virtually all fleet vehicle
implementations. This integration dramatically simplifies use of the
printer in the field, removing the hassle of paper feeding and allowing
users to continuously print once a paper roll is loaded.
Further, the TransAct RESPONDER MP2 offers fleet operators with a nearly
unlimited array of mounting options - including vertical, horizontal,
and upside-down roof installations - and can even be used without a
fixed installation, allowing for placement on a vehicle seat or floor.
The RESPONDER MP2 prints on thermal paper rolls with widths of up to 8.5
inches and the thermal printer design removes the need for messy and
inconvenient ink cartridges.
For more information about the RESPONDER MP2, please visit www.transact-tech.com/mobile/responder-mp2.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries.
These industries include casino and gaming, lottery, food safety,
banking, point-of-sale, hospitality, oil and gas, medical and emergency
vehicle. 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 and products are designed from the
ground up based on market-specific requirements and are sold under the
Ithaca®, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has
over 2.5 million printers and terminals installed around the world.
TransAct is also committed to providing world-class printer service,
spare parts, accessories and printing supplies to its growing worldwide
installed base of printers. Through its TransAct Services Group,
TransAct provides a complete range of supplies and consumable items used
in the printing and scanning activities of customers in the hospitality,
banking, retail, gaming, government and oil and gas exploration markets.
Through its webstore, http://www.transactsupplies.com,
and a direct selling team, TransAct addresses the on-line demand for
these products. TransAct is headquartered in Hamden, CT. For more
information, please visit http://www.transact-tech.com
or call 203.859.6800.
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 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; 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; our new line of food safety and oil and gas products will
drive increased adoption by customers; the outcome of the lawsuit
between TransAct and Avery Dennison Corporation; and other risk factors
detailed from time to time in TransAct's 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.
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
Source: TransAct Technologies Incorporated
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