TRANSACT TECHNOLOGIES AND JOLT TEAM UP TO PROVIDE JOLT FOR THE ACCUDATE XL

March 1, 2017

TransAct’s Android®-Based AccuDate™ XL Restaurant Management Terminal Now Includes
Jolt® Operations Management Software, Enhancing In-Kitchen Operations
 
 
Hamden, CT – March 1, 2017 – TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, and Jolt®, the industry-leading, cloud-based business-operations platform, announced today a partnership by which they will bring Jolt to TransAct’s industry-leading AccuDate™ XL restaurant management terminal via a new Android®-based app. TransAct’s AccuDate XL is the leading terminal solution for restaurant and food service operators looking to enhance their in-kitchen operations, as its Android-based platform allows third-party software companies to add applications which further expand its capabilities. By adding Jolt, an easy-to-use software platform designed to make managing businesses of any size, including restaurants and food service operations, automated and effortless, the combined AccuDate XL and Jolt solution is established as the in-kitchen restaurant management platform of choice for food service operators of all sizes.

The basic combined AccuDate XL and Jolt solution makes quick work of food expiration labeling and grab ‘n go labeling for any restaurant. Leveraging the purpose-built AccuDate XL and its time-tested reliable thermal print functionality, Jolt’s cloud-based administration tool allows restaurant and food service operators to centrally manage menu items and label design at a corporate, regional or even local level, enabling the combined solution’s use in operations of all sizes. Customers implementing the full Jolt solution can standardize their key back of house operations as well as their HAACP (“Hazard Analysis Critical Control Point”) temperature monitoring and food safety processes.

“By leveraging the Android-based software platform, we’ve enabled our AccuDate XL as the most flexible and most capable software-enabled restaurant management terminal on the market today, allowing it to run third-party applications that enhance back-of-the-restaurant efficiencies,” said Bart Shuldman, Chairman and CEO of TransAct Technologies. “The Jolt business-operations platform is widely deployed by the food service industry and has a demonstrated record of success in helping owner/operators enhance their operations and bring efficiency to their businesses through benefits such as reduced waste and labor costs. Our AccuDate XL terminal, which is uniquely positioned as an in-kitchen smart hub that drives real changes and efficiencies in back-of-house operations, is greatly amplified through our partnership with Jolt and the availability of an Android version of their incredible cloud-based Jolt business-operations platform. The combined AccuDate XL and Jolt solution, available now, is an easy to deploy, simple to use tool that will revolutionize the way restaurants and food service operations are managed on a day-to-day basis. I am extremely excited by the results of our work with the team behind Jolt and the entire TransAct sales team is looking forward to bringing our AccuDate XL solution to market with this powerful new tool.”

Josh Bird, CEO of Jolt, added, “From day one, the Jolt team has been focused on creating an intuitive, powerful business operations management platform that can be rapidly deployed by companies of all shapes and sizes and, most importantly, in a wide variety of industries. As our fast-growing list of high-profile customers can attest, Jolt’s array of easy-to-use features has cemented it as the business-operations platform of choice. We believe that our work over the past several months with the team at TransAct to create an Android-based version of Jolt for use on their AccuDate XL terminal greatly enhances the power of our solution and establishes a seamless path to deploy and best leverage Jolt in a restaurant environment. I expect our current and future customers will quickly appreciate the many benefits of using Jolt on the AccuDate XL.”

The AccuDate XL from TransAct is an Android 5.0-based restaurant management terminal specifically designed for the harsh kitchen environment. This rugged and splash resistant terminal features:

• Large 9.7” TFT LCD display
• Two internal high-speed thermal printers
• High quality speakers and headphone output
• Built in Ethernet, Wi-Fi and Bluetooth connectivity
• Two high speed USB ports for the integration of back-of-house peripherals

Customers buying the AccuDate XL get free access to food expiration date labeling and grab ‘n go labeling, along with account management and an analytics portal all provided by Jolt’s software. For a monthly charge of $49.99, AccuDate XL users can upgrade to the full Jolt productivity suite, which also features:

• Tasks & Checklists (18 item types with unlimited scheduling configurations, combined with verification capabilities and remote alerts)
• Temperature Recording (Cooper-Atkins Blue2 temperature probe integration)
• Forms & Inspections (documentation and operations accountability)
• Employee Scheduling (including labor cost analysis, email and text notifications, and free employee phone app)
• Message Blast (send bulk emails or text messages to employees)
• Time & Attendance (time clock with photo capabilities to eliminate buddy punches)
• Employee Announcements (includes message receipt and offers quizzes to validate employee understanding)
• Logbook & Journal (operational issues are logged and flagged as necessary)
• Temperature Monitoring (new in 2017; 24/7 automated temperature monitoring with remote alerts)

About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food safety, POS automation, casino and gaming, lottery, mobile and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the AccuDate™, EPICENTRAL®, Epic®, Ithaca®, RESPONDER and Printrex® brands. TransAct has over 3.0 million printers and terminals installed around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit https://www.transact-tech.com or call (203) 859-6800.

AccuDate is a registered trademark of TRANSACT Technologies Incorporated. ©2017 TRANSACT Technologies Incorporated. All rights reserved.


About Jolt
Jolt is the industry-leading, cloud-based business-operations platform for companies of all sizes. Jolt has hundreds of thousands of users across thousands of locations and brands, including Chick-fil-A, McDonald’s, Legoland, 7-Eleven, Melbourne Aquarium, and the Excalibur in Las Vegas. Jolt has had over 120 million tasks completed on the platform by employees using its task management solution. It also provides tools for labeling, audits, temperature monitoring, food safety compliance, scheduling, time and attendance, announcements, message blasts, reporting, and more. Changes to daily operations can be made on the fly across entire brands simultaneously with the click of a button. Jolt is headquartered in Orem, UT. For information on Jolt, visit joltup.com or call (877) 396-4112 option #1. Email inquiries can be sent to sales@joltup.com.

Jolt is a registered trademark and dba of Intuiplan, LLC. ©2017 Intuiplan, LLC dba Jolt. All rights reserved.

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 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; the risk that our new line of food safety and oil and gas products will not drive increased adoption by customers; and other risk factors detailed in TransAct's Annual Report on Form 10-K and other 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.