TRANSACT INKS RESELLER AGREEMENT WITH PRINTEK
March 26, 2014
Agreement Brings Capabilities of Revolutionary New 8-inch
Mobile Printer to PrintekMobile’s Customers Worldwide
Benton Harbor, MI and Hamden, CT – March 26, 2014 – 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.
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.