Agreement Brings Capabilities of Revolutionary New 8-inch Mobile
Printer to PrintekMobile's Customers Worldwide
BENTON HARBOR, Mich. & HAMDEN, Conn.--(BUSINESS WIRE)--
TransAct Technologies Incorporated (Nasdaq:TACT) ("TransAct" or "the
Company"), a global leader in market-specific solutions, including
printers, terminals, software and other products for transaction-based
and other industries, announced today that it has signed a reseller
agreement with PrintekMobile to distribute worldwide the Company's new
8-inch mobile printing solution in key vertical markets. PrintekMobile
is a provider of cost-effective mobile thermal printing solutions for a
wide range of industries including field service, medical, public safety
and transportation, among others. In addition to their family of mobile
solutions, PrintekMobile offers an extensive selection of accessories
and components for vehicles of any type which are critical in the
mounting and installation of mobile printers.
Developed for use in a wide variety of fleet vehicle installations -
including fire trucks, police cars, emergency medical vehicles,
insurance fleets and delivery vehicles, among others - TransAct's new
8-inch product is the first mobile thermal printing solution to
integrate the printer and paper roll, resulting in a dramatically
smaller device that is ideally suited to mobile environments. It uses
thermal technology to print information from a Web-connected device -
such as a laptop or tablet - or via a direct connection. TransAct will
sell the 8-inch printer under the RESPONDER MP2™ name while the
PrintekMobile-branded version will be known as the Interceptor 800.
Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct
Technologies, commented, "Reports estimate that by 2017 the
machine-to-machine (‘M2M') technology market will be worth $86 billion,
with over 18 billion M2M connections globally by 2022. Vehicle fleet
operators are reaping the benefits of this technology by installing a
greater number of mobile computing platforms in their vehicles, driving
up the total number of mobile printer applications. We introduced our
new mobile printing solution to take advantage of this growing market
with a unique product that addresses customer needs and improves upon
existing solutions. By integrating the printer and paper source in a
single, easy-to-use device, our new 8-inch printer addresses a key issue
in on-demand mobile printing with a flexible device that is easy to
implement in virtually any vehicle. Reflecting PrintekMobile's
established global presence, world-class sales team and expertise in
installation accessories, this reseller agreement represents an
important endorsement of the flexibility and utility of our new mobile
printing solution for the M2M marketplace. We believe our collaboration
with PrintekMobile will drive further recognition and adoption of our
new device and further expand the opportunity for this new solution.
Julie Payovich, President of Printek, added, "The capabilities and
design of the Interceptor 800 make it an ideal printing solution for our
diverse, global customer base and we are excited to work with the team
at TransAct under our new reseller agreement to bring this new mobile
printer to market. Based on PrintekMobile's long-term experience in the
marketing of mobile printers, we believe our customers will easily
embrace this mobile printing solution of the future."
For more information about the RESPONDER MP2 please visit www.transact-tech.com/mobile/responder-mp2.
For more information about the Interceptor 800, please visit www.printekmobile.com.
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.
About Printek, Inc.
The name Printek has been synonymous with innovative business printing
for over 30 years. Printek has supplied superior printing solutions to a
variety of Fortune 500's, SMB's and government agencies worldwide. All
PrintekMobile printers are designed to withstand challenging work
environments. All PrintekMobile printers are backed by unparalleled
support and comprehensive warranties. PrintekMobile offers direct
thermal printers designed for field service, route accounting,
manufacturing, retail, transportation, public safety, hospitality,
warehousing and distribution applications. They print invoices, forms,
receipts, tickets, labels and other documents used in mobile solutions
worldwide. PrintekMobile printers also come with unparalleled customer
support-before and after purchase. The technical sales and support staff
work directly with system integrators, software developers, mobile
hardware manufacturers, VARs, and wireless service providers to develop
cost-effective, innovative, mobile solutions using the latest
technologies. PrintekMobile is based in Benton Harbor, MI. For more
information, please visit www.printek.com,
or call 800.368.4636.
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 or tact@jcir.com
or
PrintekMobile
Sales:
Printek, Inc.
Chris Yeager, 269-925-3200 x570
Fax:
269-925-8539
Mobile Accounts Manager
cyeager@printek.com
Source: TransAct Technologies Incorporated
News Provided by Acquire Media
