Epic 630(TM) Targets Opportunity in Global Gaming Machines Outside of Casinos
WALLINGFORD, Conn., Sept. 13 /PRNewswire-FirstCall/ -- TransAct
Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction-
based printers for customers worldwide, introduced the first in its new line
of printers targeting the large global market for gaming-type machines not
found in casinos. The Epic 630(TM) 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, Kiosks and
other gaming-type machines. The Epic 630(TM) will be launched at the Global
Gaming Expo (G2E) taking place September 13-15 at the Las Vegas Convention
Center.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of
TransAct Technologies, said, "The global market for gaming-type machines found
outside of casinos is an exciting new revenue opportunity for TransAct and G2E
is the perfect place for our latest printer launch given the high profile of
the conference. We designed a robust, feature rich printer capable of
handling the demanding and diverse needs of the market. Our plan is to roll
out our Epic 630(TM) in the U.S., Asia and Europe. We believe that the market
that this printer line can serve could potentially rival the size of the
domestic casino market, giving us tremendous growth potential."
Jon Berkley, Senior Vice President of Worldwide Gaming at TransAct, said,
"Building on the tremendous success and industry acceptance of the Epic
950(TM), we have specifically designed the Epic 630(TM) to meet the needs of
the AWP, SWP, FOBT, Kiosk and VLT customers. This market demands paper roll
type receipts instead of tickets, which our new design accommodates. Our
latest design advancements bring many features to this new market including a
large paper roll capacity for fewer paper changes, providing greater
reliability, and greatly reduced down time for paper swap. The bottom-line is
that the Epic 630(TM) will save our gaming customers time and money."
The Epic 630(TM) fully prints a ticket before it is presented to eliminate
possible player interference, accommodating tickets in variable lengths from
2.5 inches to 10 inches, allowing operators the flexibility to add graphics or
coupons directly to the ticket. The extra large 6" paper roll capacity means
significantly fewer roll changes and greater timesavings. And, the Epic
630(TM) is designed to flip open for fast and easy paper roll loading. The
printer delivers a fast print speed of 6-inches per second or 152 mm/second.
Standard sensors include Black Mark, Anti-Jam, Ticket-Out, Cover Open, and
Ticket-Taken.
For further information on the Epic 630(TM), please visit
http://www.transact-tech.com.
About TransAct Technologies Incorporated
TransAct (Nasdaq: TACT) designs, develops, manufactures and markets
transaction-based printers under the ithaca(R) name. In addition, the Company
markets related consumables, spare parts and service. The Company's printers
are used worldwide to provide receipts, tickets, coupons, register journals
and other documents. TransAct 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. For further information, visit
TransAct's web site located at http://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.
SOURCE TransAct Technologies Incorporated
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Related links:
http://www.transact-tech.com
CONTACT:
Steven DeMartino, Chief Financial Officer,
+1-203-269-1198, Ext. 6059, or David Pasquale, +1--646-536-7006,
or Denise Roche, +1-646-536-7008, both with The Ruth Group
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