Lou Kelly Promoted to Senior Vice President of Sales, Casino & Gaming

HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high growth markets, announced today that Tracey Winslow has been named Global Chief Revenue Officer, effective immediately. Ms. Winslow joined TransAct in 2005 as Senior Vice President, Marketing after a successful 22-year career at Xerox, where she left the company as Worldwide Marketing Manager, Production Color Marketing. At TransAct, she was named Senior Vice President, Sales & Marketing for the Point-of-Sale- and Banking market in 2006, before being promoted to the world-wide Casino and Gaming sales leadership role in 2007. Since taking on the Casino and Gaming leadership role, Ms. Winslow has built out the global sales and service organization while working with the both the TransAct internal team and customers to get technology approved in markets around the world.

Lou Kelly, a fifteen-year Casino and Gaming Sales Manager for TransAct, has been promoted to Senior Vice President, Casino & Gaming to replace Ms. Winslow. Mr. Kelly will be responsible for managing the Americas and European Casino & Gaming sales teams.

“Tracey will assume all responsibility for directing the Company’s overall sales in both the FST and Casino & Gaming markets. Her role will include creating and implementing strategic sales initiatives, while leading our sales teams, customer, and technical support staffs. Tracey understands our company culture and the processes needed to be a successful sales leader at TransAct. I am excited to promote her and Lou to their new roles,” said Bart C. Shuldman, CEO of TransAct Technologies.

Gaurav Bahri, former Chief Revenue Officer-FST market, has left Transact. The Company thanks him for his time and service.

 

HAMDEN, Conn., November 21, 2022--(BUSINESS WIRE)--TransAct® Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the Company"), a global leader in software-driven technology and printing solutions for high growth markets, today announced that it has received orders for more than $10 million from a global slot machine provider for TransAct’s industry leading Epic Edge casino printer. These orders, which is expected to be delivered over the first three quarters of 2023, represents an approximately 300% increase in volume for this single global customer over the same period in 2022.

"An order of this magnitude signals immense confidence in our products and our ability to deliver them in a timely fashion, which could not be more important in the Casino market today," said Bart C. Shuldman, CEO of TransAct Technologies. "We continue to work at ramping our production in anticipation of increased demand, and orders like this serve to validate our actions. We are working hard to be able to deliver much needed printer product and look forward to working with new and existing customers to supply them with our industry leading printers."

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 2, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that Bart Shuldman, Chief Executive Officer, is scheduled to participate in the following upcoming investor conferences:

Roth 11th Annual Technology Event – The Company is scheduled to participate in one-on-one meetings on Wednesday, November 16, 2022 at The Yale Club in New York City.

13th Annual Craig-Hallum Alpha Select Conference – The Company is scheduled to participate in one-on-one meetings on Thursday, November 17, 2022 at the Sheraton New York Times Square Hotel in New York City.

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 18, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that it will release its third quarter 2022 results after the market close on Thursday, November 10, 2022, and will host a conference call and simultaneous webcast at 4:30 p.m. ET that day. Both the call and webcast are open to the general public.

The conference call number is 888-394-8218; and the conference ID number is 6552635. Please call ten minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.transact-tech.com (select “Investor Relations” followed by “Events & Presentations”); allow fifteen minutes to register and download and install any necessary software. Following its completion, an archived version of the webcast will be available for replay at the same location. A replay of the call will also be available starting roughly 2 hours after the call has ended and will continue until Thursday, November 24, 2022 at 11:59 PM ET. The replay call number is 844-512-2921 with pin 6552635.

Epic Edge Printers Selected for All Slot Machines

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 6, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high growth markets, today announced that it has been selected by Sky River Casino located in Elk Grove, California to provide TransAct’s industry-leading Epic Edge® TITO printer in all slot machines within the 100,000 square foot gaming floor. Sky River Casino was developed and built for the Wilton Rancheria Tribe by Boyd Gaming who will operate their 2,000 slot machines and 80 table games.

"TransAct is ecstatic to support Sky River Casino's commitment to giving guests a top-notch gaming experience, and the Epic Edge is the perfect fit to meet their goals," said Bart Shuldman, CEO of TransAct Technologies.

"Sky River Casino is focused on providing the best customer experience and we selected the Epic Edge for its superior performance and features," said Chris Gibase, Senior Vice President of Boyd Gaming.

TransAct’s Epic Edge best-in-class printer boasts an unsurpassed 300 DPI resolution for maximum ticket appearance, readability, and acceptance by bill validators. The Epic Edge is also fully equipped with USB and serial connections on a single board. The dual interfaces are an operator favorite as just one printer supports the full range of new and legacy games, reducing the need for excess printer inventory.

Sky River Casino decided to surprise their customers by opening their doors on August 16th, 2022, at midnight. With seventeen unique restaurants and bars, the food line up at Sky River Casino is like no other. What used to be an abandoned mall complex has turned into a new casino with unlimited possibilities, with plans to add a hotel and spa in the future.

TransAct to Unveil Two New Casino & Gaming Products: Epicentral Mobile Host and EPIC 888

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 5, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it will be attending the Global Gaming Expo (G2E 2022) taking place on October 11th - 13th at the Venetian Expo in Las Vegas, Nevada. TransAct Technologies will be presenting its full lineup of Epic casino & gaming printers, Epicentral casino real-time promotional couponing software, and its BOHA! foodservice technology solutions for casino food & beverage operations. TransAct will welcome casino operators and food and beverage executives from around the world at booth #2423.

“This is going to be a very exciting and special G2E show for us,” said Bart Shuldman, CEO of TransAct Technologies, “We will be launching Epicentral® Mobile Host™, an iOS web-based solution that empowers casino hosts to identify and reward slot players in real-time. This system will allow operators to see exactly where important guests are playing on the casino floor, giving them the opportunity to meaningfully interact and provide the best experience possible for their most valuable players.” Bart Shuldman continued, “We’re also proud to introduce the Epic 888, our newest thermal roll printer. Building off the robust Epic 880 platform, the 888 features as a flexible dual-sided paper mounting arm and is ideal for a number of applications including VLT and sports betting kiosks. Finally, in addition to our casino & gaming offerings, we are also showcasing our BOHA! Food Service Technology suite of food and beverage operations solutions. I’m equally excited to demonstrate the power of BOHA! for our booth visitors, which has the ability to digitize and automate back-of-house kitchen processes and save casinos even more time, labor, and money.”

Reward Players In Real-Time with On-Demand Coupons

There’s no doubt that the digital age has made everything better and faster. But when it comes to face-to-face communication with customers, nothing beats the real thing. That’s why TransAct created Epicentral Mobile Host. The first technology of its kind that allows casino hosts to personally thank both carded and uncarded players with rewards and coupons printed right on the machine they’re playing on. Once paired with Epicentral®, supervisors can give pre-set quotas for available coupons to their casino staff with the ability to track the progress of each coupon from the time it’s printed to the time it’s redeemed. With the access to quickly see the status of Epic printers and active players on any handheld device, Epicentral Mobile Host is the perfect companion for casino hosts.

A Faster and Smarter Promotional Couponing System

Casinos are striving for a one-of-a-kind gaming experience for their players and this is possible by creating innovative promotions that will stand out against any competitor. Epicentral is TransAct’s promotional bonusing software suite with its latest version available on a web-based platform, Epicentral can help any casino reach an even broader audience by increasing revenues by targeting all customers while they play. Multiple promotional campaigns with unique coupons can be printed from every Epic printer on the floor and straight into the player’s hand. Epicentral extends time-on-device, increases player spending, and generates increased customer loyalty. Making it easier to track every promotion so operators can receive as much information and insight as possible, Epicentral can help casinos make data-driven business decisions.

The Industry’s Most Advanced TITO Printer is Available Today

TransAct’s Epic Edge® is the best Casino and Gaming ticket in/ticket out (TITO) printer on the market and has been chosen by operators worldwide. Packed with technology to simplify operations and improve slot floor performance, the Epic Edge retains key designs from the ever-reliable and industry award-winning Epic 950. Epic Edge offers unparalleled 300 DPI print resolution for razor-sharp barcodes with eye-catching graphics on every ticket. Featuring both USB and serial interfaces on one board, Epic Edge works with both new and legacy games. For tabletop games, players’ club desks, and cash desks TransAct offers the Epic Edge TT® version that packages the Epic Edge into a compact design. There is no doubt that Epic Edge printer’s versatility makes it the most popular printer for any casino.

Shortlisted this year for the Land-Based Product of the Year for the Global Gaming Awards, Epic Edge is the most innovative and sought-after printer on the market and is backed by TransAct's expert team that delivers world-class support, staff training, and maintenance options to make for an easy transition to the switch to Epic Edge printers on the casino floor. With ready availability, the Epic Edge is THE choice for casinos around the world.

The Next Generation of Unmatched Roll-Printer

The Epic 888® is TransAct’s newest thermal roll printer, built with the respected pedigree of the classic Epic 880®, the Epic 888 has updated features such as a flexible dual-sided paper mounting arm that allows the printer to be mounted on either the left side or right side of the printer. With a serial and USB dual interface, the Epic 888 is ideal for Sports Betting Kiosks, Amusement with Prizes (AWP), Skill with Prizes (SWP), and Video Lottery Terminals (VLT) while being able to fit in a game or kiosk cabinet with limited space.

Enhance Your Food and Beverage Operations with Back-of-House Technology

TransAct also goes beyond gaming solutions by offering BOHA! — Their award-winning Food & Beverage operations platform. BOHA! is a suite of hardware and software designed to bring food production and service into the digital age, unlocking efficiencies that combat rising food and labor costs. The true power of BOHA! is its capabilities of digitizing and automating nearly every kitchen process including food prep, labeling, temping and HACCP logs, checklists, timers, and even offering performance analytics and innovative ways to onboard new employees. Casino F&B teams can choose one, some or all BOHA! functions depending on their needs.

HAMDEN, Conn.--(BUSINESS WIRE)--Sep. 29, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it will exhibit the BOHA!® suite of hardware and software for convenience stores’ fresh food operations at the National Association of Convenience Stores (“NACS 2022”) on October 2-4, 2022 in Las Vegas, Nevada. BOHA! is the industry’s leading solution that provides convenience stores the choice of applications for FDA-compliant Grab ‘N Go Labeling, Digital Food Safety, Tasks and Checklists, Kitchen Production, and Temperature Monitoring of Food and Equipment. NACS show attendees visiting TransAct’s booth (#5949) at the Las Vegas Convention Center will see how convenience store operators can leverage BOHA! to enhance their fresh food programs.

“This is a new era where many c-stores are already rivaling fast food brands with their own fresh food offerings. The profit margins for those moving from fuel-focused to include food-focused models have the potential to be massive,” said Bart C. Shuldman, CEO of TransAct Technologies. “With BOHA!, food-forward c-stores have the technology to prepare and offer food, faster, safer, and more efficiently while meeting FDA labeling requirements.”

The BOHA! suite of solutions will be on full display at booth (#5949) as TransAct demonstrates its ability to dramatically improve grab ‘n go labeling with on-demand printing, food prep customized to a location's daily needs, and digital HACCP-compliant temperature taking for food and temperature monitoring for equipment. In addition, TransAct will be showcasing BOHA!’s diverse label offerings such as 1”-3” wide grab ‘n go labels and round parfait cup labels to accommodate FDA-compliant nutrition fact panels, along with the capability to build customized and compliant labels on the spot to create new offerings with existing or excess inventory.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/cstore

2022 Second Quarter Net Sales of $12.6 Million, up 35% on a Year-Over-Year Basis

FST Recurring Revenue of $2.2 Million, up 5% on a Year-Over-Year Basis

FST Paid Terminals Up 38% from June 30, 2021

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 17, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the quarter ended June 30, 2022.

“The second quarter marked a return to more normalized Food Service Technology (“FST”) results, particularly in the hardware and label sales categories. Importantly, we now feel that our FST sales team is completely built out, which we believe will pay dividends in the back half of the year and beyond. After attending three important trade shows over the last several months and with our new sales leaders, we are adding quality leads and trials and building a robust pipeline,” said Bart C. Shuldman, CEO of TransAct.

Mr. Shuldman continued, “I am also particularly proud of our engineering, operations, and purchasing teams, who were tasked with finding more parts, re-designing product, and assembling as many printers as they possibly could, which they absolutely did. We began ramping up our production of POS and casino printers in May 2022, shipped many printers in June 2022 and expect near record levels of production and sales of these products in the second half of 2022, barring an unforeseen parts issue. Finally, we are also seeing excellent early results from our previously announced cost cutting initiatives, which combined with leverage from the increased production and projected revenues, we anticipate will result in the Company moving towards breakeven adjusted EBITDA as we progress through the second half of the year.”

Second Quarter 2022 Financial Highlights

Net Sales: Net sales for the second quarter of 2022 were $12.6 million, up 35% compared to $9.3 million for the second quarter of 2021.
FST Recurring Revenue: FST recurring revenue for the second quarter of 2022 was $2.2 million, up 5% compared to $2.1 million for the second quarter of 2021.
Gross Profit: Gross profit for the second quarter of 2022 was $5.4 million, resulting in gross margin of 43.0%, compared to gross profit of $3.4 million for the second quarter of 2021, which resulted in a 36.8% gross margin.
Operating loss: Operating loss for the second quarter of 2022 was $(3.0) million, compared to operating loss of $(2.7) million for the second quarter of 2021.
Net loss: Net loss for the second quarter of 2022 was $(2.4) million, or $(0.24) net loss per diluted share, based on 9.9 million weighted average common shares outstanding. Net loss for the comparable 2021 period was $(2.0) million, or $(0.23) net loss per diluted share, based on 9.0 million weighted average common shares outstanding.
EBITDA loss: EBITDA loss was $(2.8) million for the second quarter of 2022, compared to an EBITDA loss of $(2.4) million for the second quarter of 2021.
Adjusted EBITDA loss: Adjusted EBITDA loss was $(2.5) million for the second quarter of 2022, compared to adjusted EBITDA loss of $(2.0) million for the second quarter of 2021.
Paid Terminals: Paid terminals in the market were 10,941 on June 30, 2022, compared to 7,942 on June 30, 2021, an increase of 38%.

 

Full report with spreadsheet: https://transacttech.gcs-web.com/news-releases/news-release-details/transact-technologies-reports-preliminary-second-quarter-2022. 

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 9, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it will reschedule the release of its second quarter 2022 financial results and conference call previously scheduled for Wednesday, August 10, 2022. The Company believes the new date for the release of the second quarter financial results and subsequent investor call will be no later than Monday, August 22^nd.

“We are pushing out the second quarter 2022 earnings release due to a delay caused by a change in accounting principle in conjunction with the April 1, 2022 implementation of our new ERP system. The new ERP system is critical for TransAct’s business as we move toward a business model with a greater focus on software sales,” said Bart C. Shuldman, CEO of TransAct. “One change made when we adopted the new ERP system was in the accounting method that measures the value of inventory. As we closed the 2022 second quarter, we experienced unforeseen delays as we moved from standard- to average-cost accounting for inventory valuation. U.S. GAAP requires that we retroactively apply the accounting change for all periods for which financial information is presented in our Form 10-Q to properly report this accounting change. We are working as quickly and diligently as possible to get this completed.”

All-software deal includes 300 locations nationwide

BOHA! WorkStations will be sold separately as locations come online, doubling previous sales record

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 7, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has signed its first ever BOHA! software enterprise license Purchase Agreement, covering all 300 locations for a foodservice operator within retail establishments. This agreement for the BOHA! cloud software solution is for a five-year period and features an average revenue per unit (“ARPU”) of approximately $950 per year.

In addition to the enterprise software license agreement, this customer will purchase 300 BOHA! WorkStation devices to support their labeling needs. The initial installation of 50 locations will occur over the next three months with the remaining locations completed in less than a year. This represents TransAct’s largest BOHA! WorkStation order ever, more than doubling the previous record which came in May.

“This software-led win represents a major step in the life of our industry-leading BOHA! solutions as we continue our evolution into a SaaS-based solution provider. And with two BOHA! WorkStation sales records being broken in just a few months, we believe this demonstrates strong demand and continuing momentum for our solutions, and we are pleased to welcome this new customer to the BOHA! family,” said Bart C. Shuldman, CEO of TransAct Technologies.

BOHA! is the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, pH measurement, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

Order for 305 BOHA!® Terminal devices is expected to generate Annual Recurring Revenue Per Unit of approximately $1,100

HAMDEN, Conn.--(BUSINESS WIRE)--Jun. 2, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a BOHA! Terminal order, representing 305 units, from a national travel stop chain. The customer is in the midst of a transformation plan which includes site upgrades and an all-new fast casual dining experience. The company expects to deploy approximately 305 Terminals in 194 locations, with one or more BOHA! Terminal devices per location.

“As the food service management companies look to grow their fresh food initiatives, our industry leading BOHA! Labeling solution has become the industry standard with all its capabilities. We are thrilled to announce this deal as we continue to execute on new business opportunities in this market, and look forward to working with this new customer,” said Bart C. Shuldman, CEO of TransAct Technologies.

The complete system deployment will initially include the BOHA! Terminal, BOHA! Labeling software and proprietary BOHA! labels. TransAct estimates total annual recurring revenue per unit installed (“ARPU”) will be approximately $1,100 per year.

BOHA! is the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, pH measurement, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

Order for 140 WorkStations is expected to generate Annual Recurring Revenue Per Unit of approximately $1,000

HAMDEN, Conn., May 11, 2022--(BUSINESS WIRE)--TransAct^® Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured its largest BOHA! WorkStation order yet, representing 140 units. The company expects to deploy all 140 WorkStations in the third quarter of 2022.

"I am thrilled to announce this deal with a new customer in the grocery market as we execute on new business opportunities in the Food Service Technology Market. I look forward to welcoming this customer onto our industry leading BOHA! platform and working together to solve their operational challenges," said Bart C. Shuldman, CEO of TransAct Technologies.

The complete system deployment will initially include the BOHA! WorkStation, BOHA! Labeling software, proprietary BOHA! labels and service. TransAct estimates total annual recurring revenue per unit ("ARPU") will be approximately $1,000 per year.

BOHA! is the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants, convenience stores and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

Daniel Friedberg and Audrey Dunning Appointed to the Company’s Board of Directors

March 31, 2022 ... HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has entered into a Cooperation Agreement with 325 Capital Master Fund LP and certain of its affiliates (collectively, “325 Capital”) and Harbert Discovery Fund, LP and certain of its affiliates (collectively, “Harbert Discovery Fund”). 325 Capital and Harbert Discovery Fund combined have reported beneficial ownership of approximately 16.8 percent of TransAct’s outstanding shares of common stock.

The terms of the Cooperation Agreement include, among others, (i) the appointment of both Daniel M. Friedberg and Audrey P. Dunning to TransAct’s Board of Directors (the “Board”), which will increase in size from five to seven directors, (ii) the continuation of the commitment by the Company to declassify the Board by submitting to stockholders a binding proposal at the upcoming annual meeting of stockholders (the “2022 Annual Meeting”), and (iii) an agreement by the Company to separate the roles of Board Chair and CEO in advance of the 2022 Annual Meeting. Consistent with the Cooperation Agreement, the Board elected Haydee Ortiz Olinger to serve as Chairman of the Board, effective immediately. In addition, 325 Capital and Harbert Discovery Fund have agreed to certain customary standstill and voting commitments beginning on the date of the Cooperation Agreement and ending 45 days prior to the opening of the window for the submission of stockholder nominations for the Company’s 2023 Annual Meeting of Stockholders.

“TransAct is committed to an open dialogue with our stockholders and we welcome all investor perspectives on the Company’s long-term opportunities to create stockholder value,” said Bart C. Shuldman, CEO of TransAct. “We are pleased to welcome Ms. Dunning, a technology industry veteran who has financial services, retail and technology experience, and Mr. Friedberg, who currently serves as Managing Partner of 325 Capital and has broad management consulting and industry leadership experience, to the Board. Both should bring their expertise and perspective in the boardroom as we continue to grow in our food service technology market.”

“The actions taken today are an important step forward as we seek to maximize value for every TransAct stockholder,” said Daniel M. Friedberg, Managing Partner of 325 Capital. “We are pleased to have aligned with TransAct’s management team and Board and look forward to working together with the Company to drive long-term value and add to our already productive relationship.”

“Mr. Friedberg and Ms. Dunning are perfectly qualified to bring their relevant expertise and fresh perspectives to the Board,” said Kenan H. Lucas, Managing Director and Portfolio Manager at Harbert Discovery Fund. “We thank TransAct for its constructive approach during this process, and we are confident that the addition of the new Board members will help the Company to deliver solid execution on its initiatives.”

HAMDEN, Conn.--(BUSINESS WIRE)--Mar. 21, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the appointment of Gaurav Bahri as Chief Revenue Officer for the Food Service Technology market, effective March 21, 2022.

Mr. Bahri is a proven Enterprise Software sales leader responsible for delivering revenue objectives, building winning teams and shaping company cultures aligned towards consistent customer acquisition. He joins TransAct from Workday, where he worked as their Regional Sales Director. Prior to that, he was Group Vice President at Oracle America, where he managed teams of up to 150 sales representatives. Before his appointment as Group Vice President at Oracle, Mr. Bahri held several other SaaS Application sales positions where he spent time based on both the east and west coast.

“We are pleased to welcome Gaurav Bahri to our already talented team. Mr. Bahri comes with vast experience as a senior industry professional with a strong background in sales strategy and business development in an enterprise environment, and I have no doubt he will provide invaluable support to our BOHA! marketing and sales efforts. Further, Mr. Bahri’s experience in enterprise software makes him a perfect match for TransAct. We could not be more excited to get to work on our massive pipeline of opportunities,” said Bart Shuldman, Chairman and CEO of TransAct.

Focus on SMB Market Yields 26 New Accounts Across Individual Restaurants, Chains, And Franchisees

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 28, 2022-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced continued success with its SMB initiatives, which were introduced in the second quarter of 2021. In the fourth quarter, these efforts have resulted in the adoption of BOHA! terminals and workstations by 26 new small businesses, including individual restaurants, chains, and franchisees. These new accounts have already rolled out a total of 44 BOHA! terminals and workstations, and represent an additional opportunity to deploy up to an additional 900 terminals at their stores in the future.

“These new wins are indicative of the strength of our SMB initiative, and we look forward to its continued future success. We truly believe that every restaurant, convenience store and food service provider, regardless of number of locations or size, can benefit from our industry leading BOHA! platform,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “The SMB sales team was created last year in order to give customers the type of high quality, personalized experience we are accustomed to providing. The team is focused on small restaurant companies including franchise owners and also small convenience stores that can quickly test out the BOHA! solution and quickly move forward and purchase our technology.”

BOHA! and BOHA! ROP are the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 10, 2022-- TransAct Technologies Incorporated (“the Company”) (NASDAQ: TACT), a global leader in developing software-driven technology and printing solutions for high-growth markets, today confirmed the receipt of a nomination notice for two candidates to stand for election to the Company’s Board of Directors (the “Board”) at the Company’s 2022 Annual Meeting of Stockholders. Stockholders are not required to take any action at this time.

The Company issued the following statement:

TransAct Technologies has maintained an open dialogue with individuals from 325 Capital and Harbert Management Corporation and the Board of Directors welcomes open, constructive feedback regarding the common goal of driving value for all stockholders. TransAct Technologies remains focused on designing and executing a business strategy aligned with the best interests of the Company and all of its shareholders.

The Board will review the director nominations and, if appropriate, will present its formal recommendation regarding director nominations in the Company’s definitive proxy materials that will be filed with the Securities and Exchange Commission and mailed to shareholders eligible to vote at the 2022 Annual Meeting, which has not yet been scheduled.

HAMDEN, Conn.--(BUSINESS WIRE)--Jan. 6, 2022-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that Bart Shuldman, Chairman & CEO is scheduled to virtually participate at the upcoming ICR Conference 2022 with a presentation on Monday, January 10th, 2022 at 4:30 PM ET which will be webcast live on TransAct’s investor relations website. TransAct will also be available for one-on-one meetings that same day.

2021 Third Quarter Net Sales of $10.6 Million

FST Recurring Revenue of $2.0 Million, up 28% on a Year-Over-Year Basis

FST Paid Terminals Up 129% from September 30, 2020

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 9, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the quarter ended September 30, 2021.

“Our results mark the highest quarterly net sales since the fourth quarter of 2019, due to sustained momentum in BOHA! and our key Food Service Technology (“FST”) business, and a fantastic rebound in our domestic casino and gaming markets. We posted another quarter of over $2 million in recurring FST revenue, including gains in our high margin software and label recurring revenues, even in the face of a then-surging Delta variant. We also saw some solid BOHA! terminal additions, and we ended the quarter at 8,749 paid terminals in the market, representing over 3,000 added during the first nine months of 2021. Even though we are only in the early stages of our BOHA! growth story, we are already seeing the power of our recurring revenue base beginning to drive consistent results. We are also experiencing continued strong interest in our BOHA! solution to help with the labor shortages faced by our FST customers,” said Bart C. Shuldman, Chairman and CEO of TransAct. “In addition, we are really pleased with the encouraging trends in the casino and gaming market, with sales up over 100% year-over-year to $4 million for the third quarter of 2021. The domestic rebound is leading the way, courtesy of the continued reinvestment in the casino floor, as the American gamer clearly has been very eager to return to business as usual.”

Third Quarter 2021 Financial Highlights

Net Sales: Net sales for the third quarter of 2021 were $10.6 million, up 46% compared to $7.3 million for the third quarter of 2020.
FST Recurring Revenue: FST recurring revenue for the third quarter of 2021 was $2.0 million, up 28% compared to $1.6 million for the third quarter of 2020.
Gross Profit: Gross profit for the third quarter of 2021 was $4.3 million, resulting in gross margin of 40.6%, compared to gross profit of $3.3 million for the third quarter of 2020, which resulted in a 45.9% gross margin.
Operating loss: Operating loss for the third quarter of 2021 was $(1.6) million, compared to operating loss of $(1.5) million for the third quarter of 2020.
Net income (loss): Net income for the third quarter of 2021 was $0.9 million, or $0.09 per share, based on 9.8 million weighted average common shares outstanding. Net loss for the comparable 2020 period was $(0.9) million, or $(0.11) net loss per diluted share, based on 7.5 million weighted average common shares outstanding.
Adjusted net income (loss): Adjusted net loss for the third quarter of 2021 was $(1.3) million, or $(0.13) net loss per share compared to adjusted net loss for the third quarter of 2020 of $(0.9) million, or $(0.11) net loss per share.
EBITDA: EBITDA was $0.7 million for the third quarter of 2021, compared to an EBITDA loss of $(1.1) million for the third quarter of 2020.
Adjusted EBITDA loss: Adjusted EBITDA loss was $(1.2) million for the third quarter of 2021, compared to adjusted EBITDA loss of $(0.9) million for the third quarter of 2020.
Paid Terminals: Paid terminals in the market were 8,749 on September 30, 2021, compared to 3,813 on September 30, 2020, an increase of 129%.

read the full release with spreadsheet here

 

 

Already Powering Some of the Largest Convenience Store Names in the Country, TransAct Invites Attendees to Learn Firsthand How To Transform Their Fresh Food Programs with Mobile-First Technology

HAMDEN, Conn.--(BUSINESS WIRE)--Sep. 28, 2021-- TransAct^® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it will debut the BOHA!^® Work Station and BOHA! software for convenience stores’ fresh food operations at the National Association of Convenience Stores (“NACS 2021”) on October 5-8, 2021 in Chicago, Illinois. BOHA! is the industry’s first single-vendor solution to combine applications for FDA-compliant Grab ‘n Go Labeling, Digital Food Safety, Tasks and Checklists, Kitchen Production, Temperature Monitoring of Food and Equipment, and Inventory Management in a single platform. NACS 2021 attendees visiting TransAct’s booth (#4384) at McCormick Place will see how convenience store operators can leverage the power of BOHA! to execute their fresh food program with digital precision.

“TransAct’s BOHA! Solutions have rapidly become the go-to solution for C-Store operators as they continue to expand into freshly prepared & pre-packaged foods,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our BOHA! solution is the perfect tool to reduce the time and cost required to meet FDA compliance with grab ‘n go food, and our system is adaptable to specific customer needs to provide them with information that is essential to running any fresh food program.”

The solutions will be on full display at booth (#4384) as TransAct demonstrates its ability to dramatically improve grab ‘n go labeling with on-demand printing from the BOHA! Work Station, calculating food prep lists with food production, managing inventory with predictive ordering and digitized counts as well as digital HACCP-compliant temperature monitoring for food and equipment. In addition, TransAct will be showcasing the newly released BOHA! Work Station which prints 1”-3” wide grab ‘n go labels to accommodate FDA-compliant, dual nutrition fact panels and round parfait labels, along with industry leading 300 DPI capabilities for superior print quality.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/cstore

Company Set to Debut Brand New Epicentral Mobile Host

HAMDEN, Conn. & LAS VEGAS--(BUSINESS WIRE)--Sep. 27, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced that it will demonstrate for attendees at the 21^st Annual Global Gaming Expo (“G2E 2021”) how its line of gaming products enhance the player experience with its Epic technology. TransAct’s display (Booth #2423) at G2E 2021, to be held in Las Vegas, Nevada from October 5-7, 2021 at the Venetian Expo, will highlight the Company’s full lineup of casino and gaming printers and software solutions, including the latest version of its innovative Epicentral Software Bonusing System which includes the all new Epicentral Mobile Host feature running on iPad or Android Tablets and its TITO and roll-fed printers.

“TransAct has long offered print and player bonusing solutions that allow casino and gaming operators to get an edge over their competition. There’s no better proof of this than our showcase of the new Epicentral Mobile Host feature of Epicentral giving Casino Slot Floor Managers the ultimate tool to identify and reward their most valuable players on the property in real-time. With our Epic Edge printer and Epicentral solution, we are bringing to casinos worldwide the most advanced printing technology that takes gaming capabilities to the next level,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “Most importantly, we’re thrilled to reunite with our colleagues, clients and other industry leaders in person.”

Epicentral and Epicentral Mobile Host Delivers Casino Revenue Growth and Drives Loyalty

TransAct will again demonstrate at G2E 2021 its Epicentral Software Bonusing System along with its newest innovation, Epicentral Mobile Host. Together with the Epic Edge, Epicentral prints intelligent promotional offers at the slot machine or table-top game while the guest is playing. With the addition of Epicentral Mobile host, running on an iPad or Android tablet, Casino Slot Floor Managers will have a real-time dashboard of every player and activity on every game in the casino, giving them the ability to instantly deliver promotions to their best players. Additionally, Epicentral Mobile Host can provide a drill-down list of each slot machine player session to give hosts the ability to assess if a well-timed reward can further enhance play for their customer. If for any reason a player’s reward coupon has been damaged or lost, the host can look-up and reprint rewards on-demand. Casino Marketing and Slot Floor Managers can also view active promotions and coupons and select which offer they would like to award at the moment.

Epicentral extends time-on-device, increases player spend, and generates increased customer loyalty – all leading to more revenue for casinos. Epicentral offers a variety of new and improved features that are strategically designed for casino operators to increase their profits while using the most effective and user-friendly software in the industry. The latest version of Epicentral is cloud-based, which makes it easier to install, update, and keep secure. Epicentral can be enabled with the Acres Foundation System for real-time data or connected to the casino management system.

Epic Edge: The Leader in Ticket-In/Ticket-Out

The next-generation Epic Edge is the newest and most advanced TITO printer, offering a more than 50 percent improvement over existing printers thanks to its 300-DPI print resolution. Higher print resolution allows the Epic Edge to replicate a nearly unlimited array of characters and graphics, making it an ideal fit for casino operators around the globe. The Epic Edge also creates sharper barcodes which drive better ticket acceptance and reduced attendant calls, resulting in measurably improved floor performance that allows slot and table operations to run at peak efficiency. Epic Edge also prints eye-catching, dynamic graphic images, making it ideal for implementation alongside applications such as Epicentral. The Epic Edge allows for firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, making the process of updating firmware faster than ever. Other features include a single rugged outer chassis with color coded rails, numerous flexible port options (Serial and USB), hot swap capability to eliminate game downtime, a faster ServerPort™ connection and an adjustable ticket bucket that accommodates standard and smaller, paper-saving tickets.

Also on display will be the Epic Edge TT made especially for table games, players’ club desks and cash desks. It packages a printer and internally mounted power supply in a tidy, compact design that is easy to deploy. In addition, thanks to its dual port capability, the Epic Edge TT allows operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.

The Epic printer offering is rounded out by the Epic 880®, a compact printer for all types of gaming and sports betting machines (including video lottery terminals) which features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.

HAMDEN, Conn., August 30, 2021--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that Bart Shuldman, Chairman & CEO, and Steve DeMartino, President & CFO, are scheduled to participate at the upcoming Jefferies Virtual Software Conference hosting one-on-one meetings on Tuesday Sept. 14 and Wednesday Sept. 15th and a virtual presentation on Wednesday, September 15, 2021 at 4:00 PM ET. The virtual presentation will be accessible live via webcast as well as from Events and Presentations section of TransAct’s website: transacttech.gcs-web.com/.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 16, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct,” the “Company,” “we” or “our”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the closing of an underwritten public offering of 732,500 newly issued shares of its common stock at a previously disclosed price of $14.50 per share. The proceeds to the Company from the offering were approximately $10.6 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. TransAct has also granted to the underwriters of the offering a 30-day option to purchase an additional 109,875 shares of common stock to cover overallotments in connection with the offering.

Roth Capital Partners acted as the sole book-running manager for the offering, and Craig-Hallum Capital Group and Barrington Research acted as co-managers for the offering.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

A shelf registration statement relating to the shares of common stock to be issued in the offering was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2020 and is effective, and an additional registration statement on Form S-3 was filed with the SEC on August 11, 2021 pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, and became immediately effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A final prospectus supplement and accompanying base prospectus relating to and describing the final terms of the offering have been filed with the SEC and may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, by email at rothecm@roth.com or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 12, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct,” the “Company,” “we” or “our”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the pricing of an underwritten public offering of 732,500 newly issued shares of its common stock at a price of $14.50 per share. The proceeds to the Company from the offering are expected to be approximately $10.6] million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. TransAct has also granted to the underwriters of the offering a 30-day option to purchase an additional 109,875 shares of common stock to cover overallotments in connection with the offering. The offering is expected to close on August 16, 2021, subject to customary closing conditions.

Roth Capital Partners is acting as the sole book-running manager for the offering, and Craig-Hallum Capital Group and Barrington Research Associates, Inc. are acting as co-managers for the offering.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

A shelf registration statement relating to the shares of common stock to be issued in the offering was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2020 and is effective, and an additional registration statement on Form S-3 was filed with the SEC on August 11, 2021 pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, and became immediately effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A preliminary prospectus supplement and accompanying base prospectus relating to and describing the terms of the offering have been filed with the SEC, and a final prospectus supplement and accompanying base prospectus describing the final terms of the offering will be filed with the SEC and, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, by email at rothecm@roth.com or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 11, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct,” the “Company,” “we” or “our”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it intends to offer newly issued shares of its common stock in an underwritten public offering. TransAct also expects to grant to the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions.

Roth Capital Partners is acting as the sole book-running manager for the offering, and Craig-Hallum Capital Group is acting as co-manager for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2020 and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, by email at rothecm@roth.com or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

2021 Second Quarter Net Sales of $9.3 Million

Record FST Recurring Revenue of $2.1 Million, up 214% on a Year-Over-Year Basis

FST Paid Terminals Up 127% from June 30, 2020

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 3, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the quarter ended June 30, 2021.

“We are pleased to see a broad based recovery across TransAct’s markets in the second quarter of 2021 due largely to domestic re-openings. As America’s food service operators face mounting challenges from ingredient inflation, labor shortage, and continuing safety concerns, our BOHA! platform has picked up considerable steam. We posted Food Service Technology (“FST”) revenue of $3.1 million for the second quarter of 2021, which represented a 155% increase year-over-year. Our substantial growth within FST comes as a direct result of our rapidly expanding hardware base which also helped fuel our record FST recurring revenue of $2.1 million. To that point, we added over 900 paid terminals during the quarter, bringing the total to 7,942 in service and providing TransAct with a growing base of customers,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “We are also thrilled to see our Casino and Gaming market benefit from domestic re-opening tailwinds with sales up 155% year-over-year and 21% sequentially over the first quarter of 2021. I am incredibly proud of our team’s execution, and our results demonstrate that our industry leading BOHA! ecosystem and casino products remain well positioned to capitalize on the re-opening of the global economy. I believe that TransAct will continue to execute at a high level on its initiatives and that the challenges of safely re-opening only increase the value proposition of TransAct’s solutions in a post-COVID economy.”

Second Quarter 2021 Financial Highlights

Net Sales: Net sales for the second quarter of 2021 were $9.3 million, up 76% compared to $5.3 million for the second quarter of 2020.

FST Recurring Revenue: FST recurring revenue for the second quarter of 2021 was $2.1 million, up 214% compared to $0.7 million for the second quarter of 2020.

Gross Profit: Gross profit for the second quarter of 2021 was $3.3 million, resulting in gross margin of 35.7%, compared to gross profit of $2.3 million for the second quarter of 2020, which resulted in a 43.3% gross margin.

Operating loss: Operating loss for the second quarter of 2021 was $(2.8) million, compared to operating loss of $(2.7) million for the second quarter of 2020.
Net loss: Net loss for the second quarter of 2021 was $(2.1) million, or $(0.24) net loss per share, based on 9.0 million weighted average common shares outstanding. Net loss for the comparable 2020 period was $(1.9) million, or $(0.25) net loss per share, based on 7.5 million weighted average common shares outstanding.

EBITDA: EBITDA loss was $(2.5) million for the second quarter of 2021, compared to an EBITDA loss of $(2.5) million for the second quarter of 2020.

Adjusted EBITDA loss: Adjusted EBITDA loss was $(2.1) million for the second quarter of 2021, compared to adjusted EBITDA loss of $(2.3) million for the second quarter of 2020.

Paid Terminals: Paid terminals in the market were 7,942 on June 30, 2021, compared to 3,501 on June 30, 2020, an increase of 127%.

Non-GAAP Financial Measures

TransAct is providing certain non-GAAP financial measures because the Company believes that these measures are helpful to investors and others in assessing the ongoing nature of what the Company’s management views as TransAct’s core operations. EBITDA and adjusted EBITDA provide the Company with an understanding of one aspect of earnings before the impact of investing and financing charges and income taxes. The Company believes that these non-GAAP financial measures provide relevant and useful information to an investor evaluating the Company’s operating performance because these measures are: (i) widely used by investors to measure a company’s operating performance without regard to non-recurring items excluded from the calculation of such measure; (ii) used as financial measurements by lenders and other parties to evaluate creditworthiness; and (iii) used by the Company’s management for various purposes including strategic planning and forecasting and assessing financial performance. The presentation of this non-GAAP information is not considered superior to or a substitute for, and should be read in conjunction with, the financial information prepared in accordance with GAAP.

EBITDA is defined as net loss before net interest expense, income taxes, depreciation and amortization. A reconciliation of EBITDA to net loss, the most comparable GAAP financial measure, can be found attached to this release.

Adjusted EBITDA is defined as net loss before net interest expense, income taxes, depreciation and amortization and is adjusted for share-based compensation. The Company adjusts EBITDA for share-based compensation because the Company considers share-based compensation to be a non-cash expense similar to depreciation and amortization. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP financial measure, can be found attached to this release.

Complete release along with spreadsheet details is at https://transacttech.gcs-web.com/news-releases/news-release-details/transact-technologies-reports-preliminary-second-quarter-2021.

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 service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.5 million printers, terminals and other hardware devices 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 http://www.transact-tech.com or call (203) 859-6800.

TransAct®, BOHA!™, AccuDate™, Epic, EPICENTRAL™, Ithaca® and Printrex® are trademarks of TransAct Technologies Incorporated. ©2021 TRANSACT Technologies Incorporated. All rights reserved.

Cautionary Statement Regarding Preliminary Financial Information

The Company has prepared the preliminary financial information set forth below on a materially consistent basis with its historical financial information and in good faith based upon its internal reporting as of and for the three and six months ended June 30, 2021. This financial information is preliminary and is thus inherently uncertain and subject to change as the Company finalizes its financial results and related review for the three and six months ended June 30, 2021. During the course of the preparation of the Company’s consolidated financial statements and related notes as of and for the three and six months ended June 30, 2021, the Company may identify items that could cause its final reported results to be materially different from the preliminary financial information set forth above. As a result, there can be no assurance that the Company’s final results for this period will not differ from the preliminary financial information.

This preliminary financial information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP. In addition, this preliminary financial information is not necessarily indicative of the results to be achieved for any future period.

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, the adverse effects of the COVID-19 pandemic, related vaccination rates and the emergence of virus variants on our business, operations, financial condition, results of operations and capital resources, including as a result of supply chain disruptions, shutdowns and/or operational restrictions imposed on our customers, an inability of our customers to make payments on time or at all, diversion of management attention, necessary modifications to our business practices and operations, cost cutting measures we have made and may continue to make, a possible future reduction in the value of goodwill or other intangible assets, inadequate manufacturing capacity or a shortfall or excess of inventory as a result of difficulty in predicting manufacturing requirements due to volatile economic conditions, price increases or decreased availability of component parts or raw materials, exchange rate fluctuations, volatility of and decreases in trading prices of our common stock and the availability of needed financing on acceptable terms or at all; our ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition; our reliance on an unrelated third party to develop, maintain and host certain web-based food service application software and develop and maintain selected components of our downloadable software applications pursuant to a non-exclusive license agreement, and the risk that interruptions in our relationship with that third party could materially impair our ability to provide services to our food service technology customers on a timely basis or at all and could require substantial expenditures to find or develop alternative software products; our ability to successfully transition our business into the food service technology market; our ability to fully remediate a previously disclosed material weakness over internal control over financial reporting; risks associated with potential future acquisitions; general economic conditions; our dependence on contract manufacturers for the assembly of a large portion of our products in Asia; our dependence on significant suppliers; our ability to recruit and retain quality employees as the Company grows; our dependence on third parties for sales outside the United States; our dependence on technology licenses from third parties; 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; increased product costs or reduced customer demand for our products due to changes in U.S. policy that may result in trade wars or tariffs; our ability to protect intellectual property; the effect of the United Kingdom’s withdrawal from the European Union; and other risk factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, 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, except as required by applicable law.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 3, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today its scheduled virtual participation in an upcoming D.A. Davidson conference:

• D.A. Davidson Bison Select Conference - Bart Shuldman, Chairman & CEO, and Steve DeMartino, President & CFO, are scheduled to participate with a virtual presentation followed by meetings throughout the day. The presentation is scheduled for Wednesday, August 4, 2021 at 9:30 AM ET and will be accessible live via webcast as well as from the Events and Presentations section of TransAct’s website: transacttech.gcs-web.com/.

Restaurant Operations Platform (ROP) and Focus on SMB Market Yields 16 New Accounts

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 6, 2021-- TransAct^® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced significant traction from its new BOHA!^® Restaurant Operations Platform (“ROP”) as well as the Company’s SMB initiatives, both of which were introduced for the second quarter of 2021. These new efforts resulted in winning 16 new accounts consisting of 69 total locations across the country, and the company expects to deploy all BOHA! systems by the end of 2022. In the second quarter, 3 new accounts will roll out a total of 18 BOHA! ROP systems with an average ARPU estimated at $1,500 and 13 new accounts will roll out a total of 51 BOHA! systems with an average ARPU estimated at $900.

“After our virtual conference attended by restaurant and food service management companies in early April, where we officially launched BOHA! ROP, we began a focused advertising campaign across the restaurant, convenience store and contract food service management markets. At the same time, we assembled an inside sales team to handle the small to medium size (SMB) restaurant and contract food service companies as they responded to the ads. Each and every new account had their own unique business challenges that TransAct handled with ease. These newest wins really showcase the flexibility of our industry leading BOHA! platform,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “There is no restaurant or food service provider too small to benefit from our system and these early adopters of BOHA! ROP are experiencing the efficiencies and benefits that the system provides. We are encouraged by the strength of our new sales initiatives, and we are confident we can improve the employee and customer experience wherever fresh food is sold.”

BOHA! and BOHA! ROP are the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

HAMDEN, Conn.--(BUSINESS WIRE)--Jun. 21, 2021-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA!® agreement with a national restaurant chain. The company expects to deploy the BOHA! system to at least 90 locations by the end of FY22 to perform date code and grab n’ go labeling.

“As our BOHA! solutions continue to pick up considerable momentum, we see a large opportunity in the restaurant space that will only get larger with the challenges presented by the re-opening of America ,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our pipeline remains as robust as ever, and we look forward to working with this new client to meet their toughest back-of-house operational challenges.”

The complete system deployment will initially include the BOHA! Terminal, BOHA! Labeling software, and proprietary BOHA! labels. TransAct estimates total annual recurring revenue per unit (“ARPU”) will be at least $1,000 per year, with one-time hardware revenue sales of at least $800 per location.

BOHA! is the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

HAMDEN, Conn.--(BUSINESS WIRE)--May 19, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today its scheduled virtual participation in two upcoming investor conferences:

• Barrington Research Virtual Spring Investment Conference - Bart Shuldman, Chairman & CEO, is scheduled to participate in virtual meetings on Thursday, May 27, 2021 from 9:00 AM ET to 5:45 PM ET.

• East Coast IDEAS Investor Conference – Bart Shuldman is also scheduled to participate with a virtual presentation. The presentation is scheduled to be available on Wednesday, June 16, 2021 at 8:00 AM ET and will be accessible through the conference site: www.IDEASconferences.com, as well as from the Events and Presentations section of TransAct’s website: transacttech.gcs-web.com/.

HAMDEN, Conn.--(BUSINESS WIRE)--May 11, 2021-- TransAct^® Technologies is saddened to announce the passing of longtime Board Member, Thomas R. Schwarz.

“Tom was not just a Board Member here at TransAct, he was an incredible mentor, a lifelong friend, and a true leader of the company. Tom served on the Board over 24 years as an independent director, and leaves behind a legacy of driving innovation and transformation here at TransAct that saw us through some of our most complex business challenges. We cannot be more thankful to him for his service to the company and he will be greatly missed by the TransAct family. Tom was an incredible teacher to me, and I am forever grateful to have had the opportunity to have known and learned from him,” stated Bart Shuldman, Chairman and CEO of TransAct.

Tom had been on the Board of Directors at TransAct for over 24 years. Previously, Tom held the position of Chairman & Chief Executive Officer of Grossmans, a leading retailer of building materials in the Northeastern United States. Prior to that, Tom held a number of senior leadership positions including Chief Operating Officer & Director of Dunkin’ Donuts.

Total Contract Value is Estimated to be in Excess of $450k Once Fully Deployed.

TransAct^® Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a BOHA!^® Solutions upgrade order from an existing food service customer. The customer, a BOHA! Terminal user, will be rolling out the BOHA! Temp app to over 1,000 locations in addition to their current deployment. The company expects to be fully deployed by the end of December 2022.

The customer will be using the BOHA! Temp app to manage their current HACCP procedures. The deployment will allow the customer to eliminate their existing paper-based temperature checklist and give them insights into their temperature management process, allowing for real-time adjustments and updates.

"Our BOHA! Temp App will be bringing another customer into the 21^st century by allowing them to dispose of their inefficient paper management system, and replace it with our state-of-the-art digital checklist that also gives them access to valuable business intelligence. TransAct’s industry leading BOHA! Solutions gives any food service operator the tools necessary to save time and labor on their fresh food initiatives. We look forward to deploying our BOHA! Temp App and continuing to work with the customer to solve back of house operational challenges with BOHA!" said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Order Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

2020 Fourth Quarter Net Sales of $7.8 Million

Full Year FST Recurring Revenues up 96% on a Year-Over-Year Basis

Full Year FST Paid Terminals Up 107% on a Year-Over-Year Basis

HAMDEN, Conn.--(BUSINESS WIRE)--Mar. 9, 2021-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the fourth quarter and full year ended December 31, 2020.

“Throughout our most challenging year ever we proved the agility of our business model by posting sequentially stronger sales quarters in the second half of 2020 and we finished the year with momentum as we enter 2021. I could not be more proud of the entire TransAct team and their resilience,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our FST market has picked up considerable steam and posted a 27% year-over-year revenue gain despite the obvious challenges our customers were facing, demonstrating the mission-critical nature of our BOHA! solutions. We saw the number of paid terminals in the market jump to 5,688 from 3,813 at the end of the third quarter of 2020, and we expect this number to accelerate as we move through 2021 and drive a sustainable base of recurring FST revenue. We are also starting to see green shoots in our Casino and Gaming market as the pandemic continues to subside and gambling floors begin to prepare for life after COVID-19.”

Shuldman continued, “Finally, we launched our all-new, iOS native BOHA! Restaurant Operations Platform, which is paired with our BOHA! Workstation and iPad and we are beginning to see our sales pipeline grow. Technology from BOHA! and Apple devices work together to bring restaurants a bold, mobile-first solution to automate back-of-house tasks, reduce labor costs, and drive efficiencies.”

Fourth Quarter 2020 Financial Highlights

Net Sales: Net Sales for the fourth quarter of 2020 were $7.8 million, down 30% compared to $11.2 million for the fourth quarter of 2019.
FST Recurring Revenue: FST recurring revenue for the fourth quarter of 2020 was $0.9 million, up 37% compared to $0.7 million for the fourth quarter of 2019.

Gross Profit: Gross profit for the fourth quarter of 2020 was $2.4 million, resulting in gross margin of 30.6%, compared to gross profit of $4.6 million for the fourth quarter of 2019, which resulted in a 41.2% gross margin.

Operating loss: Operating loss for the fourth quarter of 2020 was $(2.7) million, compared to operating loss of $(1.1) million for the fourth quarter of 2019.

Net loss: Net loss for the fourth quarter of 2020 was $(1.9) million, or $(0.22) net loss per share, based on 8.7 million weighted average common shares outstanding. Net loss for the comparable 2019 period was $(0.8) million, or $(0.11) net loss per share, based on 7.5 million weighted average common shares outstanding.

EBITDA: EBITDA loss was $(2.0) million for the fourth quarter of 2020, compared to an EBITDA loss of $(0.3) million for the fourth quarter of 2019.

Adjusted EBITDA (loss): Adjusted EBITDA loss was $(1.7) million for the fourth quarter of 2020, compared to adjusted EBITDA loss of $(0.1) million for the fourth quarter of 2019.

Full Year 2020 Financial Highlights

Net Sales: Net Sales for the 2020 year were $30.6 million, down 33% compared to $45.7 million for 2019.

FST Recurring Revenue: FST recurring revenue for the 2020 year was $3.8 million, up 96% compared to $1.9 million for 2019.

Gross Profit: Gross profit for the 2020 year was $12.9 million, resulting in gross margin of 42.3%, compared to gross profit of $21.9 million in 2019, which resulted in 47.9% gross margin.

Operating income (loss): Operating loss for 2020 was $(8.2) million, compared to operating income of $0.3 million for 2019.

Net income (loss): Net loss for 2020 was $(5.6) million, or $(0.72) net loss per share, based on 7.8 million weighted average common shares outstanding. Net income for 2019 was $0.5 million, or $0.07 net income per share, based on 7.7 million diluted weighted average common shares outstanding.

EBITDA: EBITDA loss was $(6.8) million for the full year 2020, compared to EBITDA of $1.7 million for the full year 2019.

Adjusted EBITDA (loss): Adjusted EBITDA loss was $(5.9) million for full year 2020, compared to adjusted EBITDA of $2.4 million for full year 2019.

Paid Terminals: Paid terminals in the market were 5,688 at December 31, 2020, compared to 2,750 as of December 31, 2019, an increase of 107%.

 

The condensed consolidated statement of operations is at https://transacttech.gcs-web.com/news-releases/news-release-details/transact-technologies-reports-preliminary-fourth-quarter-and-0.

Annual Recurring Revenue Per Unit is Estimated to be at least $1,800 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--Mar. 9, 2021-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured its first BOHA!^® ROP (Restaurant Operations Platform) order for thirteen restaurants that are part of a multi-concept, full-service restaurant company. TransAct estimates total annual recurring revenue per unit (“ARPU”) will be at least $1,800, and will also include one-time hardware revenue of at least $2,800 per location. The company expects to be fully deployed by year end.

“We are thrilled to announce our first restaurant BOHA! ROP order and are beginning to see momentum building in the pipeline for this unique offering,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “As a full-service back of house operations platform, BOHA! ROP gives operators the control they need, exactly where they need it. We look forward to onboarding our new client and welcoming many more to the BOHA! ecosystem.”

The full deployment of the BOHA! ROP order includes: BOHA! Labeling, Temp, Sense, Checklist, Timer, and Media Manager, along with the BOHA! Work Station, BOHA! Sensors, and BOHA! Gateway. These will be deployed in all 13 US locations along with BOHA! proprietary labels.

TransAct’s innovative iPad-based BOHA! ROP, which was announced in September, includes BOHA! hardware as well as a core suite of software applications which provide restaurant operators with a single, digitized platform to manage and track food safety procedures and back-of-house operational processes. Pairing with the all-new BOHA! Work Station, ROP features TransAct’s new BOHA! Link technology which allows the iPad to wirelessly print to the BOHA! Work Station, as well as native iOS BOHA! applications which can be downloaded and installed directly from the Apple Business App Store.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Food Production, Timers, Food Recalls, Checklists & Procedures, and Equipment Service Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit BOHA!.

Annual Recurring Revenue Per Unit is Estimated to be at least $1,500 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--Mar. 1, 2021-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA! ^® agreement with a regional convenience store operator. The company expects to deploy the BOHA! system to over 40 locations in support of their privately-branded and third party fresh food offerings.

“TransAct’s BOHA! Solutions have rapidly become an industry leader for c-store operators as they continue to expand into freshly prepared & pre-packaged foods,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “We are thrilled to have another customer recognize the immense power of the BOHA! platform, and look forward to working and growing with them.”

The complete system deployment will initially include the BOHA! Terminal, BOHA! Labeling Software, and proprietary BOHA! labels. TransAct estimates total annual recurring revenue per unit (“ARPU”) will be at least $1,500 per year, with one-time hardware revenue sales of at least $900 per location.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Order Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

Annual Recurring Revenue Per Unit is Estimated to be at least $2,000 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 11, 2021-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA!^® agreement with an international convenience store operator. The company expects to deploy the BOHA! enterprise system to over 350 locations in support of the rollout of their fresh food offering, and will eventually expand into over 650 locations across the US and Canada.

“We are looking forward to supporting our new customer and growing with them as they scale to achieve their fresh food goals,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our BOHA! solution is the perfect tool to reduce the time and cost required to meet FDA compliance with grab ‘n go food, and this win is a great example of TransAct’s ability to quickly implement and grow the BOHA! system to meet an operator’s current and future needs.”

The complete system deployment will include the BOHA! Terminal, BOHA! Labeling Software, proprietary BOHA! labels, and TransAct Care. TransAct estimates total annual recurring revenue per unit (“ARPU”) will be at least $2,000 per year, with one-time hardware revenue sales of at least $650 per location.

This international convenience store operator is also expected to test the BOHA! Inventory and BOHA! Food Prep software in order to reduce food waste and improve operating margins. The company expects to begin trials of the additional software in the second quarter of 2021.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Order Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions

Annual Recurring Revenue Per Unit is Estimated to be at least $1,400 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--Jan. 21, 2021-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new order from an existing labeling customer to upgrade to the full BOHA! ecosystem. The company has deployed the BOHA! system in 19 locations and will continue to deploy the BOHA! system across approximately 215 stores as they expand their fresh food offerings.

“This upgrade comes from an adopter of our previous generation of labeling system, and we could not be more pleased that this customer has chosen TransAct yet again to take their operations into the future with our industry leading BOHA! ecosystem. The ability of our BOHA! Terminals to manage menu updates remotely, design grab and go labels, update SOP documents, and run reports were key factors in the decision to upgrade, demonstrating how adaptable our system is to specific customer needs and provide information essential to running any fresh food program,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

The complete system deployment will include BOHA! Labeling and BOHA! Media Manager alongside the BOHA! Terminals. This regional convenience store chain will use the BOHA! ecosystem to support the expansion of their fresh food offering as well as provide on-the-fly menu and labeling updates to existing stores. TransAct estimates total annual recurring revenue per unit (“ARPU”) per site will be at least $1,400 per year, and will also include one-time revenue of at least $800 per unit.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

Epic Printers Selected for all 1,350 Slot Machines

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 18, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has been selected by the all-new Circa Resort & Casino in Las Vegas to support the opening of their new gambling floor. Circa Resort & Casino has chosen both TransAct printers, the industry-leading Epic 950 and Epic Edge, for use in all of their 1,350 slot machines. Opening for the first time at midnight on Wednesday, October 28^th, Circa Resort & Casino is the first all-new casino opening in downtown Las Vegas since 1980, and is the third Las Vegas property of Derek Stevens, CEO of Circa Sports.

“We are thrilled to have been selected by Circa, the first all-new casino to open in Las Vegas in decades, to be the sole provider of printers for their slot machines,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our industry leading casino products are right at home in the cutting edge Circa, and we could not be more excited to work with Derek on yet another groundbreaking project.”

“We chose TransAct’s products for Circa based on the success and reliability we enjoy with them in our two existing casinos, the Golden Gate and the D Las Vegas. Our casino operators and employees are consistently pleased with their easy maintenance and excellent performance, and are pleased to have the best technology in our state-of-the-art Circa Resort & Casino,” said Derek Stevens, CEO of Circa Sports.

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 12, 2020-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, today announced Bart Shuldman, Chairman and Chief Executive Officer will participate in the virtual Southwest IDEAS Investor Conference on November 18, 2020. TransAct Technologies’ presentation will be webcasted and is scheduled to be available at 7:00 am CST on November 18th. The presentation can be accessed through the Southwest IDEAS conference portal for registered participants, in the investor relations section of the Company's website: visit www.transact-tech.com, and on the IDEAS conference website: www.IDEASconferences.com.

About IDEAS Investor Conferences

The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are “Sponsored BY the Buyside FOR the Buyside” and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Fidelity Investments, First Wilshire Securities Management, Inc., Gamco Investors, Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, GRT Capital Partners, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, Perritt Capital Management, Punch & Associates, Westwood Holdings Group, Inc., and William Harris Investors.

The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.

If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@threepa.com.

HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the appointment of Randall Friedman to the Board of Directors, effective November 10, 2020. Following the nomination of Mr. Friedman, the Board will expand to six directors from five.

“We are pleased to welcome Randall Friedman to our already talented Board. Mr. Friedman’s extensive knowledge of restaurants and the food service industry and his deep expertise in business-to-business marketing in the restaurant market will be a huge help to our company given how the sales process has changed so dramatically in a Covid-19 environment. No doubt he will provide invaluable support to our BOHA! marketing and sales efforts. Further, Mr. Friedman’s leadership of a number of leading trade journals including Nation’s Restaurant News, Supermarket News, and Chain Store Age, in addition to his experience helping a number of businesses navigate rapid change and disruption, make him a perfect match for TransAct. We could not be more excited to get to work on our massive opportunities,” said Bart Shuldman, Chairman and CEO of TransAct.

Mr. Friedman, age 47, has over a decade of leadership experience in digital innovation and marketing, strategic planning, business acquisitions and divestitures, as well as restructuring and business evolution. Mr. Friedman also brings industry expertise in the food service technology market. For over ten years, Mr. Friedman served in various senior management roles, including President and Chief Executive Officer, at Lebhar-Friedman, Inc., a business-to-business media company where he was responsible for, among other things, sales and marketing, and focused on the food service and retail markets. In addition, Mr. Friedman is the founder of Iaso Health, LLC, an online search tool for on-demand healthcare options. Mr. Friedman is a graduate of Williams College and received his MBA from the Fordham University School of Business.

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 10, 2020-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that the Company will participate in the ROTH Technology Virtual Event on November 11th - 12th, 2020.

Steve DeMartino, President and Chief Financial Officer, will be available for 1x1 and small group virtual meetings with investors on the first day of the event, November 11th. For those interested in registering for the event, please email registration@roth.com or contact your ROTH representative.

FST Recurring Revenues up 157% on a Year-Over-Year Basis

Completed $9.8 Million Public Offering of Common Stock

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 5, 2020-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary operating results for the quarter ended September 30, 2020.

“We are pleased with our execution in the third quarter and especially pleased with the strong momentum in our Food Service Technology (“FST”) market. Our FST revenue increased 20% over Q3 2019, with our recurring FST revenue, which includes software, labels, and service sales, increasing 157% year over year. The traction we continue to generate in this market is incredibly encouraging and we are looking forward to further momentum with the recently announced native iOS BOHA! Restaurant Operations Platform and our all-new BOHA! Work Station that is paired with iPad,” said Bart Shuldman, Chairman and CEO of TransAct. “In addition, our Casino and Gaming sales increased sequentially despite the very difficult operating market for casinos around the world.”

Shuldman continued, “Finally, our recently completed $9.8 million common stock offering provides us with additional operating capital to increase penetration into the FST market and to support our new relationship with Apple. All said, despite headwinds to our customers businesses, we made significant strides this quarter toward long term growth and value creation for our shareholders.”

Third Quarter 2020 Financial Highlights

Net Sales: Net sales for the third quarter of 2020 were $7.3 million, down 38% compared to $11.7 million for the third quarter of 2019. FST net sales for the third quarter of 2020 were $2.3 million, up 20% compared to $2.0 million for the third quarter of 2019.

Gross Profit: Gross profit for the third quarter of 2020 was $3.3 million, resulting in gross margin of 45.9%, compared to gross profit of $5.5 million for the third quarter of 2019, which resulted in a 47.5% gross margin.

Operating income (loss): Operating loss for the third quarter of 2020 was $1.5 million, compared to operating income of $0.3 million for the third quarter of 2019.

Net income (loss): Net loss for the third quarter of 2020 was $0.9 million, or $0.11 net loss per diluted share, based on 7.5 million diluted weighted average common shares outstanding. Net income for the comparable 2019 period was $0.4 million, or $0.05 net income per diluted share, based on 7.8 million diluted weighted average common shares outstanding.

EBITDA: EBITDA was negative $1.1 million for the third quarter of 2020, compared to positive EBITDA of $0.5 million for the third quarter of 2019.
Adjusted EBITDA: Adjusted EBITDA was negative $0.9 million for the third quarter of 2020, compared to positive adjusted EBITDA of $0.7 million for the third quarter of 2019.

The condensed consolidated statement of operations is at https://transacttech.gcs-web.com/news-releases/news-release-details/transact-technologies-reports-preliminary-third-quarter-2020.

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 21, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has been selected by Hoiana Suncity in Vietnam to support the opening of their new casino. Hoiana Suncity has chosen two TransAct products, the industry-leading Epic 950 for ticket-in, ticket out (TITO) in the casino’s 300 slot machines and the Epic Edge TT printer, its latest innovation in casino printer technology, for cash desk applications.

“We could not be more excited about partnering with Hoiana Suncity to support their gaming floor and entertainment efforts at this new state-of-the-art integrated resort,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “For over 15 years, our industry-leading Epic printers have offered time-tested reliability, minimizing down time and thus maximizing player time on machines. We look forward to working with yet another fantastic client and are excited for future opportunities to expand our relationship.”

“Our choice of TransAct’s Epic family of printers for our casino floor and cash desk operations was driven by the combination of their excellent reputation for reliability as well as the newest most advanced features. The Epic 950 and Epic Edge printers deliver proven performance that is enhanced by TransAct’s personalized customer service and support. We look forward to a long and successful partnership with TransAct,” said Alex Khoo, General Manager, Casino, Hoiana Suncity Resort.

Hoiana Suncity offers cutting-edge entertainment and gaming facilities inside Hoiana, Vietnam’s premier beachfront integrated resort.

Hoiana Suncity consists of a casino with live table games and state-of-the art electronic gaming machines, a diverse selection of Asian culinary F&B brands, retail stores, a KTV, and bars and lounges that hold entertainment events such as music shows, cultural performances and sports screenings. Hoiana Suncity is dedicated to bringing an iconic, cultural, and extraordinary experience to the world.

The full range of facilities ensures the most authentic and boundless entertainment experience for those seeking an exotic, exclusive holiday in Central Vietnam.

TransAct’s Epic 950 printers are the industry-standard for TITO printing, delivering proven performance in over 750,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with TransAct’s Epicentral player marketing system to provide direct, personalized promotions and bonus offers in real-time.

The Epic Edge TT is a unique, purpose-built printer that takes the advanced Epic Edge printer platform outside the slot machine and cash desks. It packages a printer, internally mounted power supply, and optional ServerPort in a tidy, compact design that is easy to deploy. In addition, its dual port capability allows operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 16, 2020-- TransAct Technologies Incorporated (Nasdaq:TACT) (“TransAct,” the “Company,” “we” or “our”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the closing of an underwritten public offering of 1,380,000 newly issued shares of its common stock, including 180,000 shares sold as a result of the exercise in full of the overallotment option granted to the underwriters, at a previously disclosed price of $7.10 per share. The proceeds to the Company from the offering were approximately $9.8 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

Roth Capital Partners acted as the sole book-running manager for the offering, and Barrington Research Associates, Inc. acted as co-manager for the offering.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

A shelf registration statement relating to the shares of common stock issued in the offering was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2020 and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A final prospectus supplement and accompanying base prospectus relating to and describing the final terms of the offering have been filed with the SEC and may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, by email at rothecm@roth.com or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov. 

TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct," the "Company," "we" or "our"), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it intends to offer newly issued shares of its common stock in an underwritten public offering. TransAct also expects to grant to the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

Roth Capital Partners is acting as the sole book-running manager for the offering, and Barrington Research Associates, Inc. is acting as co-manager for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (the "SEC") on August 17, 2020 and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, by email at a href="mailto:rothecm@roth.com" class="link rapid-noclick-resp" data-ylk="slk:a href="/>rothecm@roth.com</a>" or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 8, 2020-- TransAct® Technologies Incorporated (Nasdaq:TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced Miguel Ortiz, Vice President of Restaurant Products at TransAct, makers of BOHA!, will speak at the Restaurants RISE powered by MUFSO virtual event on October 13, 2020 at 2:00 p.m. ET. The virtual session titled “Boost Operational Excellence by Leveraging Back-of-House Technology” will offer insights for how food safety and operations teams can achieve, verify and maintain operational excellence and accountability. Mr. Ortiz will be joined by Nick Bouse, Supervisor, Restaurant Services, Love's Travel Stops & Country Stores to discuss implementation of use of BOHA! at the national chain.

“I am looking forward to sharing insights about back-of-house technological advances that operators can use to strengthen their business during such a critical time for all businesses,” said Mr. Ortiz. “Our industry has been forced to adopt change at a pace like never before in order to keep up with various restrictions and health and safety guidelines. We have learned a tremendous amount as a result and I look forward supporting the restaurant industry in every way we can.”

The speaker session will focus on four key areas including Employee & Customer Health & Safety, Food Safety & HACCP processes, Brand Standards & Food Quality and FDA Nutritional Compliance for Grab n’ Go products. Mr. Ortiz will share information about the all-new BOHA! Restaurant Operations platform which combines applications for Checklists & Procedures, Food Safety Labeling, Temperature Taking, and Timers in one integrated platform using hardware and cloud-based technology. As an end-user, Mr. Bouse will share how Love’s has used BOHA! to improve and streamline business operations.

Powered by Nation’s Restaurant News, MUFSO 2020 will deliver education, connection and inspiration for the restaurant industry in a new, state-of-the-art virtual tech stack. Available live and on-demand each Tuesday and Thursday in October, Restaurants RISE powered by MUFSO will bring together thousands of industry leaders set on reshaping the future of foodservice at its most crucial moment.

Third Quarter 2020 Earnings Conference Call Scheduled for November 5th, 2020

HAMDEN, Conn.--(BUSINESS WIRE)--Oct. 6, 2020-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced preliminary financial results for the third quarter ended September 30, 2020 that exceeded the high end of the expected range for net sales provided on August 5, 2020.

TransAct now expects net sales for the third quarter of 2020 to be in the range of $7.1 million to $7.3 million, up from our prior expectation of $5.5 million to $6.0 million. Our updated net sales outlook includes approximately $1.4 million to $1.5 million of Food Service Technology (“FST”) recurring revenue, which was previously expected to be approximately $1.0 million. The Company estimates there were 3,800 paid BOHA! terminals in the market as of the end of the third quarter, with an average annual revenue per terminal of approximately $1,470, up 88% from $780 in the third quarter of 2019.

These financial results for the third quarter of 2020 are preliminary estimates and are subject to change in connection with the completion of the Company’s quarter-end closing process and the preparation of the unaudited financial statements as of and for the period ended September 30, 2020.

“These strong numbers in the face of unprecedented challenges are the result of the tireless dedication and execution of our employees as well as the fundamental strength of our BOHA! solution. With an increasing number of our customers coming back online, we expect demand to continue to increase for both our FST products and our casino technology,” said Bart Shuldman, Chairman and CEO of TransAct Technologies. “We are pleased to have recently announced our new BOHA! Restaurant Operations Platform on Apple’s native iOS platform which will further enhance our industry-leading solution and believe that we are well positioned to meet the shifting demands of food service operators of every size.”

TransAct Technologies will release its third quarter 2020 results after the market closes on Thursday, November 5, 2020, and will hold a conference call and simultaneous webcast at 4:30 PM ET that day to discuss results for the three and nine months ended September 30, 2020 and other matters.

The conference call number is 800-458-4121; and the conference ID number is 2095010. Please call ten minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.transact-tech.com (select “Investor Relations” followed by “Events & Presentations”); allow fifteen minutes to register and download and install any necessary software. Questions and answers on the call will be reserved for analysts and investors. Following its completion, an archived version of the webcast will be available for replay at the same location.

Cautionary Statement Regarding Preliminary Estimated Financial Information

The Company has prepared the preliminary estimated financial information set forth above on a materially consistent basis with its historical financial information and in good faith based upon its internal reporting as of and for the three and nine months ended September 30, 2020. This financial information is preliminary and is thus inherently uncertain and subject to change as the Company finalizes its financial results and related reviews as of and for the three and nine months ended September 30, 2020. During the course of the preparation of the Company’s condensed consolidated financial statements and related notes as of and for the three and nine months ended September 30, 2020, the Company may identify items that could cause its final reported results to be materially different from the preliminary estimated financial information set forth above. As a result, there can be no assurance that the Company’s final results for this period will not differ from such preliminary estimated financial information.

This preliminary estimated financial information should not be viewed as a substitute for full interim financial statements prepared in accordance with GAAP. In addition, this preliminary estimated financial information is not necessarily indicative of the results to be achieved for any future period.

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,” “plan” or “continue” or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, risks, uncertainties and other factors related to the adverse effect of the COVID-19 pandemic on the Company’s business, operations, financial condition, results of operations and capital resources, including as a result of supply chain disruptions, shutdowns and/or operational restrictions imposed on our customers, inability of customers to make payments on time or at all, diversion of management attention, necessary modifications to business practices and operations, cost cutting measures that the Company has made and may continue to make, a possible future reduction in the value of goodwill or other intangible assets, inadequate manufacturing capacity or a shortfall or excess of inventory as a result of difficulty in predicting manufacturing requirements due to volatile economic conditions, price increases or decreased availability of component parts or raw materials, exchange rate fluctuations, volatility of and decreases in trading prices of the Company common stock and the availability of needed financing on acceptable terms or at all; the Company’s ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition; the ability to successfully transition the Company’s business into the food service technology market; the ability to remediate the material weaknesses over internal control over financial reporting; risks associated with potential future acquisitions; general economic conditions; dependence on contract manufacturers for the assembly of a large portion of the Company’s products in Asia; dependence on significant suppliers; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States; 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; increased product costs or reduced customer demand for the Company’s products due to changes in U.S. policy that may result in trade wars or tariffs; the ability to protect intellectual property; the effect of the United Kingdom’s withdrawal from the European Union; and other risk factors detailed in the Company’s annual report on Form 10-K for the year ended December 31, 2019, quarterly reports for the quarters ended March 31, 2020 and June 30, 2020 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, except as required by applicable law.

HAMDEN, Conn.--(BUSINESS WIRE)--Sep. 29, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the launch of its BOHA!™ Restaurant Operations Platform. The platform includes BOHA! hardware as well as the full suite of software applications which provides restaurant operators with a single, digitized platform to manage and track food safety procedures and back-of-house operational processes that have become even more critical amid today’s safety challenges.

“Our restaurant customers are adapting to ever changing business conditions and the launch of our new BOHA! Restaurant Operations Platform allows restaurant operation teams to become more efficient and productive,” said Bart Shuldman, Chairman and CEO of TransAct Technologies. “We chose iOS because of its enhanced security and hardened technology, and the ease of use with the Apple Business Manager to deploy and upgrade BOHA! applications to our customers. TransAct is focused on the restaurant industry and we are thrilled to begin working with the Apple sales team and their eco-system partners to offer BOHA! Restaurant Operations Platform to the restaurant market.”

The new BOHA! Restaurant Operations Platform pairs the all new BOHA! Work Station and iPad, with native iOS BOHA! applications which can be downloaded and installed directly from the Apple Business App Store. The new BOHA! Work Station includes TransAct’s new BOHA! Link technology enabling the iPad to communicate wirelessly to the BOHA! Work Station, allowing employees to print food safety and grab ‘n go nutritional labels from anywhere. By allowing the separation of iPad from the printing function, TransAct has eliminated the need for additional hardware while giving restaurant employees the freedom to use iPad for all of the additional BOHA! applications.

The BOHA! Work Station terminal includes two three-inch wide label printers that print at industry leading 300-dpi. With restaurant customers expanding their grab ‘n go and delivery offerings, the ability to use wider labels allows them to improve their merchandising while providing a better solution for FDA-labeling requirements, including the new dual-column nutritional fact panel with the increased label size and print resolution.

Included with the new BOHA! Restaurant Platform is the BOHA! Control Center, a single web portal allowing restaurant operators to manage and update their BOHA! native iOS applications from a single location. BOHA! Control Center will now include even more powerful reporting and analytics, giving local and regional managers and corporate headquarters the ability to gain an understanding of all that is going on within the operations of the restaurant, all in real-time. BOHA! Control Center is the first single-vendor solution to combine all applications for Food Safety Labeling, Grab ‘n Go Labeling, Employee Wellness Screening, Timers, Checklists & Task Management, and Temp Taking all in one integrated platform.

Mr. Shuldman continued: “BOHA!’s Restaurant Operations Platform provides restaurant operators with a comprehensive, digital and hardware solution that will help them achieve, verify, and maintain operational excellence providing them the ability to reduce labor cost, improve employee and operational performance, and enhance the customer’s experience.”

For more information on the Company’s BOHA! Restaurant Operations Platform, please visit https://go.transact-tech.com/boha-rop

Bart C. Shuldman, Chairman and CEO of TransAct Technologies Systems, Makers of BOHA! to Speak September 30 About “Systems That Support Business Agility” for the Restaurant Industry

HAMDEN, Conn.--(BUSINESS WIRE)--Sep. 22, 2020-- Bart C. Shuldman, Chairman and CEO of TransAct Technologies Systems, makers of BOHA!, will serve as a panelist on the “CohnReznick RestTech 2020 - The New Frontier” webinar on September 30, 2020 at 2:00 p.m. ET. The webinar, titled “Systems That Support Business Agility,” will cover technologies that will help to optimize operations and create a more agile business model for restaurant operators.

Held annually, the CohnReznick Restaurant Technology Summit, will be run virtually this year given the COVID-19 pandemic. CohnReznick will host a series of virtual webinar discussions between mid-September and October with leading restauranteurs and technology providers that have pivoted and thrived during this most challenging time.

“I am thrilled to speak alongside restaurant industry peers about what technological solutions operators can use to strengthen business, and bolster safety protocol for employees and guests amid these unprecedented times,” said Shuldman. “The restaurant industry has experienced a five-year technology evolution in a matter of five months, and those who adapt efficiently and adopt smart solutions will be the ones who will be best positioned for survival. We’re eager to help support restaurant operators in every way we can.”

BOHA! is the first single-vendor solution to combine applications for Grab N’ Go Labeling, Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform using hardware and cloud-based technology. When the pandemic hit, BOHA! quickly pivoted and launched new automated tools to help restaurants best manage team member health reporting and necessary regular cleaning based on Centers for Disease Control and Prevention guidelines. Operators can use BOHA! to take and record employee temperatures, and record their health checklist before they start their shift. Employees can get reminders on when it’s time to wipe down stations. Everything goes into a central system to maintain accountability and safety. Further, BOHA!’s food safety terminal can print labels that employees can stick to or hang on bathroom doors and tables to show what has been cleaned and when that was done to instill guest confidence.

Shuldman will be joined on the September 30 panel by Matt Eisenacher, SVP Brand Strategy & Innovation for First Watch Restaurants, Darien Bates, Head of Technology for &Pizza and Tyler Shine, Vice President, Strategy & Corporate Development for Wings Over. The CohnReznick RestTech 2020 webinars will be held every Wednesday, September 16 - October 14, 2020 starting at 2:00 p.m. ET. Register online here.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 25, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced a new partnership with ESHA Research, the industry leader in nutritional software, database and consulting services, to integrate ESHA’s database with TransAct’s innovative BOHA! Ecosystem. For nearly 40 years, ESHA has been recognized as the food service industry’s top choice for nutritional analysis, recipe development and regulatory compliance. With this integration, BOHA! customers will now be able to create all their custom recipes within ESHA’s Genesis R&D software, to calculate the nutritional analysis, and print FDA-mandated nutritional labels, all from the BOHA! terminal.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “Combining ESHA’s powerful Genesis R&D with BOHA! food labeling and production capabilities allows food service establishments such as restaurants, grocery stores and convenience stores to deliver nutritional information effortlessly to BOHA! terminals, ensuring they are compliant with food labeling regulations from the FDA.”

“The combination of ESHA’s comprehensive Genesis R&D nutritional software with TransAct’s multifunctional BOHA! platform is a great example of creating synergies for our customers,” said Chris Eakin, ESHA’s Director of Sales. “Separately, both products provide efficiencies for restaurants’ back-of-house operations, but the combination really provides a world class solution that truly complement each other and saves our customers time and money.”

BOHA! is the first single-vendor solution to combine applications for Grab N’ Go Labeling, Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

HAMDEN, Conn.--(BUSINESS WIRE)--Aug. 5, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the launch of its Employee Wellness Screenings function through the company’s industry leading BOHA! ecosystem. This new BOHA! module will streamline operators’ COVID-19 employee health checks by eliminating the need for cumbersome pen-and-paper forms with a convenient mobile app that will either greenlight employees that can work or identify employees that need to stay home.

“As restaurants adjust to the new normal of operating standards, Operators are now faced with a multitude of new health and safety protocols. Our BOHA! Employee Wellness module offers a safe and secure employee screening process. As employees arrive to work they use BOHA! Wellness on a tablet or handheld to fill out a wellness questionnaire, including if their temperature is in or out of range. The app can automatically alert the manager to send someone home and even staff at the Corporate office can get a report with employee screening results for one or all locations. The new BOHA! Employee Wellness module gives food service operators an intuitive digital solution, with powerful reporting and analytics that provides critical insights into how these programs are being managed at the location level. Ensuring the health and safety of all employees and patrons is of the utmost importance and we are excited to offer this solution to our customers,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

The new BOHA! Employee Wellness function can be included as part of the broader BOHA! COVID Readiness and Prevention Program that includes COVID-related checklists, Digital Menus and Clean2Eat labels. The BOHA! COVID Readiness and Prevention Program ensures employee safety while reinforcing new and updated standard operating procedures with digital accuracy and accountability so operators can reopen and operate in the safest, cleanest, most compliant way possible for both employees and guests.

BOHA! is the first single-vendor solution to combine applications for Grab N’ Go Labeling, Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

TransAct® Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured new BOHA! agreements with ten small- and mid-market operators. These new customers include fast casual, full service, and convenience store concepts, showcasing the flexibility of TransAct’s industry leading BOHA! solutions. The company expects to deploy 74 new BOHA! terminals with an Average Annual Recurring Revenue Per Unit of at least $650.

"The value and adaptability of our BOHA! ecosystem continues to be proven by the wide range of operators who see the obvious cost and operational benefits provided by our system," said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. "Food Service concepts of every stripe and size can see real, day-to-day improvements in their work flows and productivity when they implement our suite of BOHA! solutions. These new customers represent vastly different concepts, from breweries to catering, proving that no operator is too small or too niche for our BOHA! ecosystem."

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 21, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA! agreement with one of the largest regional convenience store operators. The company expects to deploy the BOHA! system in six of their approximate 300 locations to start and gradually expand to all food service locations by the end of 2022.

“We are thrilled to be working with this convenience store operator as they begin to implement our BOHA! solutions in their most important fresh food market concept,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “We are especially excited about this relationship because they will be implementing the broader BOHA! solution set including the BOHA! Temp and Sense app. These BOHA! apps will allow the customer to record temperatures of prepared food items, digitize HACCP logs, review data and analytics remotely, and automatically monitor the temperature of food and beverage holding units in-store. Our industry leading BOHA! solutions are the perfect partner to assist with this new effort and we look forward to working with them to ensure they are providing consistently fresh, safe, and compliant packaged foods that customers demand in today’s dynamic world.”

The complete system deployment will include BOHA! Temp and BOHA! Sense apps alongside BOHA! Sensors, BOHA! Gateways, Temperature Probes and BOHA! Tablets. This regional convenience store chain will use the BOHA! ecosystem to support the growth of their new fresh food offerings. TransAct estimates total annual recurring revenue per unit (“ARPU”) per site will be at least $500 per year.

This regional convenience store operator is also testing our core BOHA! Terminal alongside the BOHA!™ Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) as well as TransAct custom designed labels.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/.

Annual Recurring Revenue Per Unit is Estimated to be $1,450 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 7, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured another new BOHA! agreement with the second largest sushi operator in the U.S. This company operates sushi bars in upscale supermarkets, cafes, hospitals, universities and corporate foodservice locations and expects to deploy the BOHA! system in approximately 1,200 locations by year end.

The complete system deployment will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal, TransAct Care Premier Express Warranty as well as proprietary TransAct designed labels. In light of the current economic environment and the ongoing challenges it presents to our customers, TransAct for the first time is providing the BOHA! ecosystem as a bundled solution, with hardware, software, and a 36-month warranty all invoiced in a single monthly charge. This operator now has the ability to transform their back of house operations without having to spend capital upfront to purchase the hardware. The agreement is expected to generate over $1.7M per year for three years, totaling approximately $5.2M. In addition, the customer is evaluating BOHA! Temp, our temperature monitoring software application, and expects to deploy this in 2021.

“As the ongoing economic ripples of COVID-19 continue to be felt across our customer base, we are pleased to be offering our industry leading BOHA! solutions to customers in one easy-to-manage, bundled package. Our BOHA! solutions, now more than ever, provide the ability to cut costs and improve productivity on mission critical processes essential to keeping our clients operations running on budget. We are thrilled to provide the flexibility and convenience of a bundled package to this large Sushi operator and other customers going forward,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

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 service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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 and introduce new products and the acceptance of such products in the marketplace; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200707005118/en/

Investor:
Michael Bowen
ICR, Inc.
Michael.Bowen@icrinc.com
203-682-8299

Marc P. Griffin
ICR, Inc.
Marc.Griffin@icrinc.com
646-277-1290

Source: TransAct Technologies Incorporated

HAMDEN, Conn.--(BUSINESS WIRE)--Jun. 10, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured its first new BOHA! agreement since the novel coronavirus (COVID-19) pandemic forced businesses across the nation to temporarily halt their operations. The regional convenience store chain, who was referred to TransAct by an existing customer, expects to deploy the BOHA! system in all 20 of their locations, with plans to order more terminals as their fresh food offering is expanded and more locations are opened.

“While COVID-19 impacts our customers, our BOHA! solution continues to gain attention with food service operators. Convenience stores are rapidly expanding with more fresh food initiatives and other on-the-go snacks as a way to bring in more customers. These operators are choosing TransAct because our BOHA! solution provides convenience store operators with a simple and reliable way to ensure FDA labeling compliance, food safety and improved productivity for employees managing fresh food offerings.” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

The complete system deployment will include the BOHA!™ Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct custom designed labels. This regional convenience store chain will use the BOHA! ecosystem to support their fresh food efforts and to assist in warehouse labeling. TransAct estimates total annual recurring revenue per unit (“ARPU”) per site will be at least $600 per year.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

HAMDEN, Conn.--(BUSINESS WIRE)--May 26, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the launch of Epicentral® Clean2Play™, a revolutionary casino product that provides real-time printed proof that a slot machine has been cleaned, sanitized, and is ready for play. Epicentral Clean2Play builds on Acres 4.0’s Clean Machine product, which detects when each gaming machine’s play session ends and instantly dispatches a staff member to sanitize the game. Once sanitization is complete, Epicentral Clean2Play causes the gaming machine to print a Clean2Play certification ticket, which the casino cleaning staff member then places on the machine or directly over the machine’s bill acceptor. Before the next play can begin, the cleaning voucher will be removed from the slot machine allowing casino guests to see that the slot machine is certified as clean. Slot players will look for machines with the Clean2Play ticket in order to begin their play.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “The launch of Epicentral Clean2Play marks a critical step toward the safe and sustainable re-opening of casinos and gaming floors around the world. Together with Acres 4.0’s Clean Machine, Epicentral Clean2Play provides an economical and efficient method to bolster player confidence that slot machines have been cleaned after a slot player finishes their session. We are confident that Epicentral Clean2Play addresses several critical challenges facing the industry at this pivotal point in time, and we look forward to working with regulators and our industry partners to deploy the product as quickly as possible.”

“Clean2Play is a powerful tool that enhances consumer confidence in the safety of the casino environment and that’s critically important,” said John Acres, Founder of Acres 4.0. “Equally important is TransAct’s speed of development—under 3 weeks! That is impossible on the closed, proprietary systems that plague casino innovation today."

The Epicentral Clean2Play system utilizes parts of TransAct’s industry leading Epicentral promotional system that will provide casinos with the printing function while also giving casinos the ability to customize the clean ticket voucher their slot machine players will see. This voucher can include a sanitization message, the cleaning staff member’s name, machine ID, and a time stamp of when the cleaning occurred. As part of the Epicentral Clean2Play system, casinos can also incentivize their employees by printing a second voucher once the slot machine is cleaned to give the cleaning employee the chance to win prizes and validate their performance. At any time, casinos can upgrade the Epicentral Clean2Play to a fully functioning Epicentral promotional system.

To learn more about the Epicentral Clean2Play system and see a video of how the system works please go to https://www.transact-tech.com/m/gaming-solutions/epicentral-clean2play/.

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 service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

TransAct®, BOHA!™, AccuDate™, Epic, EPICENTRAL™, Ithaca® and Printrex® are trademarks of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. All rights reserved.

HAMDEN, Conn.--(BUSINESS WIRE)--May 5, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that the Company received a loan in the aggregate amount of $2,172,800 (the “Loan”) pursuant to Paycheck Protection Program (the “PPP”) administered by the Small Business Administration (the “SBA”) and established under Division A, Title I of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), which was enacted March 27, 2020. This funding is expected to help the Company maintain its operations and meet its payroll obligations in this time of unprecedented uncertainty related to the impact that the novel coronavirus (COVID-19) pandemic is having on the food service and casino industries.

The Loan, which is evidenced by a Note dated May 1, 2020 (the “Loan Date”) issued by the Company, matures on May 1, 2022 and bears interest at a fixed rate of 1.0% per annum, accruing from the Loan Date and payable monthly commencing on November 1, 2020.

“During these unprecedented times, we are taking proactive steps to plan for the future of TransAct’s customers, employees, and investors. The SBA PPP funding provides financial flexibility and enhances our liquidity position so that we can retain our employees, which allows us to keep important projects going and support ongoing operations at a time when the world is experiencing great volatility,” said Bart C. Shuldman, Chairman and CEO of TransAct. “We expect to use the proceeds of the loan for purposes that will permit most of the loan to be forgiven, and we look forward to bringing back our furloughed workers.”

Under the terms of the PPP, the Loan may be forgiven to the extent that funds from the Loan are used for payroll costs and costs to continue group health care benefits, as well as for interest on mortgage obligations incurred before February 15, 2020, rent under lease agreements in effect before February 15, 2020, utilities for which service began before February 15, 2020, and interest on debt obligations incurred before February 15, 2020 (collectively, “qualifying expenses”), subject to conditions and limitations provided in the CARES Act. At least 75% of such forgiven amounts must be used for eligible payroll costs. The Company expects to maximize the use of Loan proceeds for qualifying expenses and intends to apply for forgiveness of the Loan in accordance with the terms of the CARES Act. Whether forgiveness will be granted and in what amount is subject to an application to, and approval by, the SBA and may also be subject to further requirements in any regulations and guidelines the U.S. Department of the Treasury or the SBA may adopt.

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 service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

TransAct®, BOHA!™, AccuDate™, Epic, EPICENTRAL™, Ithaca® and Printrex® are trademarks of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. [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, our ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition; our ability to successfully transition our business towards the food service technology market; our ability to remediate the material weaknesses over internal control over financial reporting; risks associated with potential future acquisitions; our dependence on a significant customer; general economic conditions; risks, uncertainties and other factors related to the coronavirus pandemic, including the extent and duration of the pandemic and governmental responses thereto, disruptions in operations of manufacturers that we rely on for the manufacturing and assembly of our printers and terminals as well as travel restrictions and a reduction in consumer spending impacting the Company’s supply, sales and delivery of its products, sales prices of the Company’s common stock, access to capital, and availability of funds under the Company’s credit facility; our dependence on contract manufacturers for the assembly of a large portion of our products in Asia; our dependence on significant suppliers; our dependence on third parties for sales outside the United States; 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; increased product costs or reduced customer demand for our products due to changes in U.S. policy that may result in trade wars or tariffs; the effect of the United Kingdom’s withdrawal from the European Union; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200505005321/en/

Investor:
Michael Bowen
ICR, Inc.
Michael.Bowen@icrinc.com
203-682-8299

Marc P. Griffin
ICR, Inc.
Marc.Griffin@icrinc.com
646-277-1290

Source: TransAct Technologies Incorporated

Leader in back of house technology to provide solutions at no cost as restaurants operate with limited staff and increased safety precautions

HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today entered into a new $10 million asset based revolving credit facility, replacing the Company’s existing $20 million credit facility. The new facility bears an interest rate equal to the greatest of the prime rate plus 1.75%, the federal funds rate plus 2.25%, or 6.50%, and expires in March 2023. This capital will allow TransAct to rapidly ramp up the Food Service Technology division with additional sales, technical, and marketing staff in support of the BOHA! rollout.

“The closing of our new $10 million credit facility will give us the needed flexibility to quickly and efficiently pursue the extremely large opportunity our Food Service Technology division provides the company,” said Bart Shuldman, Chairman and Chief Executive Officer of TransAct. “We are confident in our ability to execute on this strategy as well as the many benefits that our BOHA! ecosystem provides to the food service industry.”

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

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 service, casino and gaming, POS automation, , and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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, our ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition; our ability to successfully transition our business towards the food service technology market; our ability to remediate the material weaknesses over internal control over financial reporting; risks associated with potential future acquisitions; our dependence on a significant customer; general economic conditions; our dependence on contract manufacturers for the assembly of a large portion of our products in Asia; our dependence on significant suppliers; our dependence on third parties for sales outside the United States; 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; increased product costs or reduced customer demand for our products due to changes in U.S. policy that may result in trade wars or tariffs; the effect of the United Kingdom’s withdrawal from the European Union; the global spread of the coronavirus leading to disruptions in operations of manufacturers in China and Thailand that we rely on for the manufacturing and assembly of our printers and terminals as well as travel restrictions and a reduction in consumer spending impacting the Company’s supply, sales and delivery a of its products; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200316005199/en/

Investor Contact:
Bart Shuldman
Chairman and Chief Executive Officer
TransAct Technologies Incorporated
702-388-8180

Michael Bowen
ICR, Inc.
Michael.Bowen@icrinc.com
203-682-8299

Marc P. Griffin
ICR, Inc.
Marc.Griffin@icrinc.com
646-277-1290

Source: TransAct Technologies Incorporated

HAMDEN, Conn.--(BUSINESS WIRE)--TransAct^® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today demonstrated growing momentum for the Company’s back-of-house BOHA!™ software and hardware ecosystem with a corporate approval to begin selling additional BOHA! solutions to more than 1,000 Canadian fast food franchise locations.

Bart C Shuldman, Chairman and CEO TransAct said “Last August, we announced our initial agreement with this large Canadian operator’s franchise locations which included the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal. At the time the operator was evaluating other BOHA! applications and hardware for potential deployment at franchise locations. We are pleased to announce that after a successful trial this large Canadian fast food operator is adding three addition BOHA! apps and two additional pieces of hardware to the list of products they are asking their franchisees to purchase. Our Digital Temperature Taking and Monitoring Solution includes the BOHA! Temp app, BOHA! Sense app, and BOHA! Timer app plus the required hardware which includes BOHA! Gateway and BOHA! Sensors.”

The Digital Temperature Taking and Monitoring Solution digitizes a restaurant’s food safety process by ensuring their food is stored and served at proper temperatures. BOHA! Temp digitizes the food temperature taking process by providing a step-by-step method for taking and logging food temps, combined with a preloaded list of food items so workflow is efficient and easy to follow. The digital HACCP logs are stored in the cloud and can be accessed locally or corporate headquarters can review the temperature of food as it is produced and served. BOHA! Sense is a temperature sensing system that monitors the temperature and humidity inside refrigerators, freezers, and walk-in equipment, as well as dry storage areas. BOHA! Timer is an easy to use application to create timers for cooked, cooled and prepped food items as well as non-food items that require time tracking. BOHA! Gateway is the central hub of the monitoring solution and uses a secure and robust LoRaWan solution to gather data and transmit it across sensors and devices to the cloud. A complementary add-on to our BOHA! Temp software, the BOHA! Sensor, attaches to restaurant equipment and refrigeration units to monitor critical temperatures.

Annual Recurring Revenue Per Unit is Estimated at $1,300 per year.

HAMDEN, Conn.--(BUSINESS WIRE)--TransAct^® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured another BOHA! agreement with a 230+ location regional convenience store chain. The company expects to deploy the BOHA! system in at least 100 of their locations by year-end, with the remaining deployments in 2021.

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 6, 2020-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA!™ agreement with a specialty food contractor which operates independent kiosks throughout a regional grocery store chain. The company expects to deploy the BOHA! system into most of the 130 of their locations by end of this year.

The complete system deployment will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct Premier Express Service and Transact specifically designed labels. This independent specialty food contractor will use the BOHA! ecosystem to support their fresh food program and to ensure FDA labeling compliance. TransAct estimates the total annual recurring revenue per unit (“ARPU”) per site will be $1,000 per year.

“Specialty food contractors, who manage food kiosks within grocery stores are under pressure similar to convenience stores, grocery chains and other food service management companies to comply with FDA labeling requirements. Likewise, they are in need of an automated, digitized labeling system for both food safety and grab n go product offerings. TransAct’s BOHA! solution is easily customized using our cloud-based portal to provide the mandated labeling capabilities,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Customers are embracing the BOHA! software and labeling solution across a wide variety of food service models from quick-service restaurants to convenience stores and food service operators because our technology is an integral part of their operations to help simplify labor tasks, label management and lower their costs.”

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

Annual Recurring Revenue Per Unit is Estimated at $1,200 per year

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 4, 2020-- TransAct^®Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured another new BOHA!™ agreement with a growing regional convenience store chain for deployment of the BOHA! system at 100 of their locations. The company believes all 100 locations will go live this year.

The complete system deployment will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct Premier Express Service and Transact specifically designed labels. The regional convenience store company will use the BOHA! ecosystem to support their fresh food program and to ensure FDA labeling compliance. TransAct estimates the total annual recurring revenue per unit (“ARPU”) per site will be $1,200 per year.

“Convenience stores are experiencing revenue growth as they introduce fresh food offerings to their customers. As part of their initiative they need to be able to comply with specific FDA labeling requirements. Our BOHA! system solution is built to ensure convenience store operators have a simple and reliable way to ensure FDA labeling compliance, food safety and improve productivity for employees managing fresh food offerings,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “We believe BOHA! Labeling and TEMS will be immensely helpful to the convenience store market as more and more companies look to grow their revenue with fresh food offerings.”

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

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 service, casino and gaming, POS automation, , and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL^®, Epic^®, Ithaca^® and Printrex^® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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 and introduce new products and the acceptance of such products in the marketplace; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200204005261/en/

Source: TransAct Technologies Incorporated

Investor:
Bart Shuldman
Chairman and Chief Executive Officer
TransAct Technologies Incorporated
702-388-8180

Michael Bowen
ICR, Inc.
Michael.Bowen@icrinc.com
203-682-8299

Marc P. Griffin
ICR, Inc.
Marc.Griffin@icrinc.com
646-277-1290

Epicentral® 4.0 promotional and bonusing system designed to increase slot machine game play to make its European debut

HAMDEN, Conn.--(BUSINESS WIRE)--Feb. 3, 2020-- TransAct® Technologies Incorporated (Nasdaq:TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that the Company will showcase its gaming and casino solutions at ICE London 2020 (ICE 2020), held at the ExCel London Exhibition Center February 4-6, 2020 in London, England. The event will mark the launch of Epicentral® 4.0 to the European marketplace. Additional product offerings on display at Stand N2-300 will include Epic Edge, Epic Edge TT, Epic 950, and Epic 880.

“Casino, gaming and lottery operators around the world have relied on our products to drive business, and we are constantly innovating to meet our customers’ needs. We always look forward to ICE London to share our industry leading printers and bonusing system with existing and new partners,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “As a company dedicated to continuous innovation and world-class service, we look forward to introducing our Epicentral 4.0 promotional and bonusing system to our European operators to bring them the next-generation software-based technology to drive increased game play. With all of our technologies we strive to promote operational excellence, efficiency, and drive revenue for our customers and we are excited to illustrate these abilities at ICE 2020.”

Epicentral 4.0: Taking Bonusing to a Whole New Level

TransAct’s Epicentral promotion and bonusing print system has long been the industry’s only solution capable of targeting customers with unique, custom-designed coupons while they play, all in real-time. The Company’s latest Epicentral technology, Epicentral 4.0, has an all-new web-based user interface designed to increase slot floor game play with a comprehensive dashboard on the user homepage that allows operators to actively plan, manage, and analyze promotions as well as identify top players and view specific data in order to build customer loyalty. Epicentral 4.0 is strategically designed to increase player spend, generate customer loyalty, and drive revenue offering operators a new recurring revenue opportunity.

Epic Edge: The Leader in Ticket-In/Ticket-Out

The next-generation Epic Edge is the global casino operator’s top choice in TITO printers, delivering a 50 percent improvement over current industry offerings. The Epic Edge features a 300-dpi print resolution for sharper barcodes to ultimately reduce frequency of attendant calls to drive overall floor efficiency. Tickets printed through Epic Edge feature dynamic images making it ideal for implementation alongside bonusing applications such as Epicentral. The Epic Edge also allows for firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, empowering operators to update firmware faster than ever before. Additional features include a single rugged outer chassis with color coded rails, numerous flexible port options (Serial, USB and Netplex), hot swap capability to eliminate game downtime, a faster ServerPort™ connection and an adjustable ticket bucket that accommodates standard and smaller, paper-saving tickets.

Epic: The Trusted Name in Printing

Casino and gaming operators have trusted TransAct for the industry’s most reliable TITO and roll-fed printers for over 15 years.

Epic printers on display at ICE London will include:

Epic 950– The industry-standard for TITO printing, TransAct’s Epic 950 delivers proven performance in over 750,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide direct, personalized promotions and bonus offers in real-time.
Epic Edge TT™ – This unique, purpose-built printer takes the advanced Epic Edge outside the slot machine and on to table games, players’ club desks and cash desks. It packages a printer, internally mounted power supply and optional ServerPort in a tidy, compact design that is easy to deploy. In addition, its dual port capability allows operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.
Epic 880®– This compact printer for all types of gaming machines (including video lottery terminals) features a modular design configurable to nearly any space, a variable length ticket presenter, and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.

HAMDEN, Conn.--(BUSINESS WIRE)--Jan. 30, 2020-- TransAct® Technologies Incorporated (Nasdaq:TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new BOHA! agreement with a growing national contract food service management company for deployment of the BOHA! system at 100 of their locations. The company expects approximately 50 locations will go live this year and the remainder throughout 2021.

The complete system deployment will include the BOHA!™ Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct service and TransAct specifically designed labels. The national contract food service management company will use the system at their healthcare, corporate dining, senior living, college sports, and pro sports venues for grab n go labeling, date code labeling and to digitize and host their standard operating procedures (SOPs) using BOHA! Media Library. Any new venues won by the customer will now include BOHA! solutions. TransAct estimates the total annual recurring review per unit (“ARPU”) per site will be $800 per year. The customer is also evaluating two additional BOHA! applications, BOHA! Sense and BOHA! Temp to manage their equipment temperature monitoring and to improve their Food Safety Temperature taking compliance.

“Contract Food Service Management companies are in need of an automated, digitized labeling system for both food safety and grab n go product offerings. Our BOHA! solution is easily customized using our label app to provide the needed labeling capabilities along with the use of BOHA! Media Library function to host their standard operating procedures,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our technology, which is implemented across a wide variety of food service models from quick-service restaurants to convenience stores and food service operators has proven to be an integral part of our customers’ businesses, helping to simplify labor and lower costs.”

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

HAMDEN, Conn.--(BUSINESS WIRE)--Jan. 8, 2020-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that the Company will participate in the 2020 ICR Conference on Monday, January 13, 2020 at the Grande Lakes Hotel & Resort in Orlando, FL.Bart Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, will host a formal presentation at 2:30 p.m. ET which will be webcast live and available at https://transacttech.gcs-web.com/. Mr. Shuldman will also conduct individual and group meetings with institutional investors throughout the day.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. All rights reserved.

HAMDEN, Conn.--(BUSINESS WIRE)--Dec. 9, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured a new agreement with a local convenience store operator to deploy one BOHA! SaaS-based app alongside the BOHA! Terminal to support the customer’s fast-casual café concept.

TransAct expects the 21 customer locations to go live with a BOHA! Terminal, the BOHA! Labeling SaaS-based app and the TransAct Enterprise Management System (TEMS) in the near-term. The local convenience store operator will also purchase TransAct Labels which are specifically designed to work with the thermal printers featured in the BOHA! Terminal. TransAct believes the annual recurring average revenue per unit (“ARPU”) for this agreement will be more than $1,100 per year. The deployment of BOHA! Labeling will satisfy the customer’s immediate labeling needs made necessary by forthcoming Food and Drug Administration labeling laws. The customer will also soon begin an evaluation period for two additional BOHA! SaaS-based apps for potential future deployment.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “We introduced the BOHA! ecosystem earlier this year as an innovative, flexible solution than can easily support the needs of restaurant and foodservice operators of all sizes. This latest win, following on the early success of BOHA! with a number of larger operators, proves that our solution is well-positioned to help smaller companies bring real benefits to their back-of-house operations. Our customers are embracing BOHA! as an easy way to implement cost-saving, efficiency-driving software-driven technology solutions into their day-to-day workflows and we believe the growing momentum for BOHA! across the restaurant and foodservice industry landscape will further benefit TransAct through a combination of up-front hardware sales revenue and attractive recurring annual ARPU related to our apps and labels.”

BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

Convenience Store Operator Continues Solution Evolution with Plans for Nearly 50% Increase in BOHA! Terminal and App Implementations

HAMDEN, Conn.--(BUSINESS WIRE)--Dec. 4, 2019-- TransAct^®Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the significant expansion of a relationship with a current user of its BOHA!™ software and hardware ecosystem. Pursuant to the expanded agreement, the domestic convenience store operator will deploy a second BOHA! Terminal along with the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) at 220 of the 450 locations where these BOHA! solutions are already deployed. The expanded deployment will help TransAct’s customer manage a new food offering they plan to open inside certain existing locations.

Pursuant to this new three-year agreement, the deployment of an additional 220 BOHA! Terminal devices will occur over the next four months. The agreement also includes a commitment for the locations to use TransAct Labels specifically designed to work with the thermal printers featured in the BOHA! Terminal. TransAct believes the annual recurring average revenue per unit (“ARPU”) at these 220 locations will be approximately $1,500 per year. The Company also plans to work with the operator on the evaluation of additional BOHA! apps for potential deployment at a later time.

TransAct first provided its restaurant solutions offerings for this customer last year when the customer deployed TransAct’s prior-generation restaurant solution terminals and non-TransAct software at all of its locations. Following the introduction of the BOHA! ecosystem in March 2019, the customer transitioned its existing terminals at 450 stores to the new BOHA! Terminal alongside the BOHA! Labeling SaaS-based app and TEMS which led to recurring software revenues for TransAct. The additional deployments of BOHA! solutions will further grow the recurring revenue generated from this customer in addition to the benefit of the sale of 220 new BOHA! Terminal units.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “This expansion of our relationship with an existing BOHA! ecosystem customer is a testament to the measurable improvement our technology provides to foodservice operators. Having worked closely for several years to address this customer’s back-of-house needs, we have gained a tremendous level of insight as to how our newest solutions can help them manage their operations more efficiently and effectively and we have evolved our solution deployments at their locations to meet their changing requirements. We are pleased with the confidence this customer has in the BOHA! solution suite as they embark on an initiative to provide a new, unique food offering inside a large percentage of their stores. We look forward to our ongoing collaboration with this customer as we continue to help them improve performance across their back-of-house operations.”

BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL^®, Epic^®, Ithaca^® and Printrex^® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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 and introduce new products and the acceptance of such products in the marketplace; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191204005138/en/

Source: TransAct Technologies Incorporated

HAMDEN, Conn.--(BUSINESS WIRE)--Nov. 4, 2019-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that the Company will participate in the 2019 Southwest IDEAS Investor Conference on Thursday, November 21, 2019 at the Westin Dallas Downtown in Dallas, TX.Bart Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, will host a formal presentation at 9:45 a.m. CT which will be webcast live and available at http://www.wsw.com/webcast/threepa30/tact. Mr. Shuldman will also conduct individual and group meetings with institutional investors throughout the day.

Interested parties can access a copy of the Company’s current investor presentation beginning on the morning of November 21 at its investor relations website at https://transacttech.gcs-web.com/events-presentations.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

New CyberMax™ System from Acres 4.0 will Bring Real-Time Data Collection Capabilities to Slot Floors, Elevating Benefits of TransAct’s Industry Leading Bonusing Tool 

 HAMDEN, Conn. & LAS VEGAS--(BUSINESS WIRE)--Oct. 8, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today a new partnership with Acres 4.0 which will further elevate the capabilities of the Company’s Epicentral® 4.0 promotion and bonusing print system set to debut at the 2019 Global Gaming Expo (“G2E 2019”). Designed to create access to instantaneous slot player data across casino floors, the new CyberMax™ system from Acres 4.0 will feed TransAct’s industry-leading system with real-time player session data that will take the promotions and bonuses made possible by Epicentral 4.0 to a whole new level. TransAct will demonstrate the new capabilities made possible by this partnership as part of its product demonstrations at G2E 2019 (Booth #2423), to be held in Las Vegas, Nevada from October 15-17, 2019 at the Sands Expo and Convention Center.

“Since introducing Epicentral six years ago, our unique promotion and bonusing print system has delivered proven results for customers as our printed coupons and bonuses have helped improve player engagement, increase player loyalty and enhance slot floor performance,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “While Epicentral has always delivered strong performance for our customers since its first implementation, one hurdle we have faced is the varied time delay between players’ real-time activity and the transmission of that player data from casino floor systems to Epicentral, data which is critical to creating results-focused targeted promotions and bonuses made possible by our system. With CyberMax, there is now a way to overcome the limitations of existing slot floor systems that cannot send detailed information on player events and often take up to 15 minutes to send this information to Epicentral. By working with the CyberMax solution, Epicentral will receive exponentially more player data and play events in real time without having to go through the casino’s slot system. This new partnership with Acres 4.0, by which we will leverage their revolutionary new CyberMax system, will enable Epicentral to act on real-time information thereby making promotional and bonus programs even more effective for casino operators around the globe.”

 Noah Acres, Vice President of Marketing for Acres 4.0, added, “CyberMax gives casinos unprecedented abilities to enhance the player experience. With access to player and machine data that is exponentially more robust and delivered in real-time, casinos are able to identify and fulfill player needs like never before. We’re thrilled to partner with TransAct and their Epicentral 4.0 solution, which using CyberMax, will be able to precisely deliver the right bonuses and promotions to the right player at the right time.”

TransAct’s new Epicentral 4.0, debuting at G2E 2019 for the first time, offers a significant leap forward with new and improved features designed to increase slot floor performance, all while providing operators with more powerful software that helps them optimize their deployment of the solution. Operators selecting Epicentral 4.0 will find a sleek, web-based user interface that creates an optimized user experience thanks to its clean aesthetic. Importantly, with the new version 4.0, Epicentral is now transformed into a SaaS-based software solution that dramatically shifts the capabilities of what the system can do for operators while creating for TransAct a whole new recurring revenue opportunity.

New features debuting with Epicentral 4.0 include:

 
• All-new web-based user interface to improve the user experience
 
• A home page that includes a comprehensive dashboard showing a full overview of past and present promotions running on the floor, a list of carded players actively playing on the floor and a leaderboard of the top players with their number of active sessions
 
• A built-in query tool that allows users to find specific and refined data
 

CyberMax is a revolutionary slot system that gives casinos total ownership and control of detailed behavioral data about their players and games. The foundation of CyberMax is a fast data pipeline that instantly delivers data to casino operators and any vendor they wish to share it with. Operators receive exponentially more data because reports occur in real-time with every handle pull, and include large amounts of information ignored by existing player tracking systems. This enables casino-approved third-party developers to economically test, deliver and maintain innovative applications, such as Epicentral 4.0.

Mr. Shuldman concluded, “We’re delighted to work with John Acres and his team to implement Epicentral 4.0 alongside CyberMax and believe that this new partnership will pay dividends for both companies and generate higher levels of future success for our customers. Real-time information sharing is something no other company has been able to deliver in casino settings to-date and we believe this represents a game-changing opportunity for application providers such as TransAct.“

For more information on the Company’s Epicentral solution, please visit http://www.transact-tech.com.

BOHA!™ Cloud Services and Apps Address Key Restaurant and Foodservice Industry Back-of-House Needs

HAMDEN, Conn.--(BUSINESS WIRE)--Sep. 16, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, and its BOHA! hardware and software ecosystem for back-of-house restaurant and foodservice operations was featured recently on the Food and Beverage Tech Review platform as a Top 10 Food Safety Tech Company for 2019.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “Industry recognition of our revolutionary BOHA! platform continues to grow as deployment momentum among operators of all sizes from across the restaurant and foodservice landscape builds. Our recent recognition by Food and Beverage Tech Review as a Top 10 Food Safety Tech Company for 2019 list is the latest acknowledgement of the power and innovative capabilities of the BOHA! solution, the industry’s first single-source platform that provides a wide variety of software-driven back-of-house functions. As BOHA! makes its way into more kitchen and food prep locations, operators are increasingly appreciating how this hardware and cloud-based SaaS app ecosystem – in concert with TransAct’s proprietary label solutions – drives cost savings and improves efficiency. We are delighted that Food and Beverage Tech Review, a leading knowledge platform for operators and suppliers from across the food and beverage technology industry, has chosen to recognize TransAct and BOHA! as a leading food safety technology provider. Our solution is completely one-of-a-kind and we believe Food and Beverage Tech Review’s readers will benefit from what BOHA! can bring to their operations.”

BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! hardware and software ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

Represents First Agreement for APAC Market and First Cross-Selling Success within Casino Gaming Industry for Revolutionary Restaurant and Food Service Back-of-House Ecosystem

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 1, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced its first ever agreement to deploy the Company’s BOHA!™ solution in the Asia-Pacific market as well as with an operator in the casino gaming industry. The new agreement, with a leading Macau casino resort, will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (TEMS) as well as the sale of 100 BOHA! Terminals for deployment in all of the casino resort’s kitchens. The Company will also sell its TransAct Labels specifically designed to work with the thermal printers featured in the BOHA! Terminal.

TransAct believes the annual recurring average revenue per unit (“ARPU”) related to this BOHA! solution agreement will be at least $1,200 per year. The BOHA! solution rollout at the property is expected to occur over the next three to four months.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “In a very short period of time following its introduction in March, our revolutionary BOHA! SaaS-based software and hardware ecosystem is quickly gaining traction across restaurant and foodservice operations of all types and sizes. Given the variety of menu offerings and many different restaurant venues featured in a large-scale casino resort environment, this agreement to deploy BOHA! in all kitchens at a leading Macau casino resort speaks very highly to the flexibility and advantages offered by our industry-unique solution. This agreement also provides evidence of the global market opportunity that exists for BOHA! as well as our ability to leverage our leading market position in the casino gaming industry as we begin to execute on what we believe are a number of cross-selling opportunities. We have a clear vision for how BOHA! can revolutionize back-of-house automation for restaurant and foodservice operators around the world and with each new agreement this vision is becoming clearer as we execute on opportunities that can generate solid initial hardware sales and deliver growing attractive annual and recurring revenue.”

BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, lottery, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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 and introduce new products and the acceptance of such products in the marketplace; 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.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190701005532/en/

Source: TransAct Technologies Incorporated

Investor Contact:
Steve DeMartino
President and Chief Financial Officer
TransAct Technologies Incorporated
203-859-6810

Richard Land, Joseph Jaffoni, Jim Leahy
JCIR
212-835-8500 or tact@jcir.com

Company Ships Over 3,150 Epic TITO Printers to Encore Boston Harbor, with Next-Generation Epic Edge Representing More than 60% of Total Floor

HAMDEN, Conn.--(BUSINESS WIRE)--Jun. 26, 2019--

TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced today that the new Encore Boston Harbor in Everett, Massachusetts opened last weekend with the Company’s Epic Edge and Epic 950 ticket-in/ticket-out (“TITO”) printers installed in all of the property’s more than 3,150 gaming machines, with more than 60% of the installed Epic printers represented by TransAct’s next-generation Epic Edge.

“In 2005, the iconic Wynn Las Vegas was the first casino property worldwide to select the now industry-leading Epic 950 printer for all of their electronic gaming machines as the gaming industry began to adopt TITO as the standard for cash handling on the casino floor,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. Now, nearly 15 years later, we are delighted that Wynn Resorts is again entrusting all of their electronic gaming machine printing needs at the spectacular new Encore Boston Harbor to our industry-leading product portfolio.”

TransAct’s next-generation Epic Edge is the new choice in TITO printers, with its 300-dpi print resolution delivering an over two-fold improvement in image quality over current industry options. The Epic Edge’s high-resolution capabilities allow it to create razer sharp images, text and barcodes, resulting in better ticket acceptance, reduced attendant calls and measurable casino floor performance improvements. Epic Edge’s eye-catching, dynamic graphic images also make it ideal for implementation alongside Epicentral. Additional highlights include firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, a single rugged outer chassis with color coded rails, numerous port options (Serial, USB and Netplex), hot swap capability to eliminate game downtime, a faster ServerPort™ connection and an adjustable ticket bucket that accommodates standard and smaller, paper-saving tickets.

Mr. Shuldman added, “TransAct has been a trusted supplier to Wynn Resorts in Las Vegas and Macau for more than 14 years and we are delighted to continue our relationship with one of the industry’s iconic operators as they inaugurate the world’s next new casino and entertainment destination in Boston. We believe our Epic printers will help set Encore Boston Harbor apart and assist the world renown Wynn Resorts team to create for their customers an unsurpassed experience.”

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, lottery, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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 http://www.transact-tech.com or call (203) 859-6800.

Epicentral and Epic are registered trademarks of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. 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. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. More information about these and other risks that may impact the Company’s business are set forth in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the period ended December 31, 2018, and the Company’s subsequent periodic and current reports filed with the SEC. All forward-looking statements in this press release are based on information available as of the date hereof, and the Company assume no obligation to update these forward-looking statements.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190626005162/en/

Source: TransAct Technologies Incorporated

Investor:

Steve DeMartino
President and Chief Financial Officer
TransAct Technologies Incorporated
203-859-6810

Richard Land, Joseph Jaffoni, Jim Leahy
JCIR
212-835-8500 or tact@jcir.com

Company Begins Sales of Revolutionary BOHA!™ Branded Cloud-Based Apps and Hardware Solutions to Broad Range of Restaurant and Foodservice Customers

HAMDEN, Conn.--(BUSINESS WIRE)--Apr. 17, 2019-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, highlighted today its early sales success for its revolutionary BOHA!™ ecosystem since the product’s market introduction in March. To date, TransAct has secured commitments from ten distinct restaurant or foodservice operators representing a broad mix of customers to deploy BOHA! solutions in their operations. Related to these initial commitments, the Company expects to roll-out approximately 240 BOHA! Terminals over the balance of the year.

The annual recurring revenue related to the above noted BOHA! solution sales reflects a 1:1 ratio to the one-time hardware related revenue recognized at the time of the sale. TransAct expects that as the BOHA! solution continues to gain traction in the marketplace, the ratio of recurring revenue to one-time hardware related revenue will grow, as customers include more BOHA! apps in their initial installation or integrate additional BOHA! apps following deployments.

BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “We’re pleased with the industry reception for our revolutionary BOHA! SaaS-based software and hardware ecosystem since its introduction just one month ago. It’s clear from these early sales and from the high level of ongoing customer discussions and customer trials of our BOHA! solutions that we are at the forefront of offering the restaurant and foodservice industries a compelling suite of integrated software applications and hardware solutions to automate their back-of-house operations. This early level of interest across a broad array of customer sizes and operational complexity confirms our belief that BOHA! represents the largest single addressable market opportunity that TransAct has had in our history.”

TransAct is hosting a product showcase for its BOHA!^TM SaaS-based ecosystem for investors in New York City on April 23 in theHenry Room at the Lotte New York Palace (455 Madison Ave, New York, NY 10022). Parties interested in attending or interested in seeking additional information about the event are asked to contact Richard Land or Jim Leahy of JCIR at tact@jcir.com or 212/835-8500.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.

HAMDEN, Conn.--(BUSINESS WIRE)--

Company Invites Investors to Experience the Power of its Full Solution and Discuss Product Strategy and Outlook with Senior Management Team

TransAct® Technologies Incorporated (TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that it will host a product showcase for its BOHA!TM SaaS-based ecosystem for investors. The event will be held in New York City on April 23 at the Lotte New York Palace (455 Madison Ave, New York, NY 10022).

Bart Shuldman, Chairman and CEO of TransAct, will be joined by other members of the Company’s senior management team to provide product demonstrations and discuss TransAct’s BOHA! strategy. The showcase demonstrations will begin at the top of the hour at 9:00 a.m., 10:00 a.m., 11:00 a.m., 1:00 p.m., 2:00 p.m. and 3:00 p.m. and all investors are invited to attend. Those interested in attending or interested in seeking additional information about the event are asked to contact Richard Land or Jim Leahy of JCIR at tact@jcir.com or 212/835-8500.

BOHA! is a comprehensive ecosystem of cloud-based SaaS apps and hardware designed to help restaurant and food service companies automate their back-of-house operations. BOHA! represents the first single-vendor solution to allow customers to choose from any combination of applications for Inventory Management, Temperature Monitoring of Food and Equipment, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management.

The BOHA! product showcase in New York will highlight:

BOHA! APPS

• BOHA! Inventory
• BOHA! Temp
• BOHA! Sense
• BOHA! Checklist
• BOHA! Food Prep
• BOHA! Labeling
• BOHA! Food Recall
• BOHA! Service
• BOHA! Delivery

BOHA! HARDWARE

• BOHA! Terminal
• BOHA! Handheld
• BOHA! Sensor and BOHA! Gateway

For more information on the entire BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 BOHA!™, 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 http://www.transact-tech.com or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. All rights reserved.

Company’s Booth (#1130) to Feature Full Suite of Epic Printers and the Epicentral Bonusing System

HAMDEN, Conn.--(BUSINESS WIRE)--Apr. 2, 2019-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced today that the Company will showcase its casino and gaming solutions portfolio at the 2019 Indian Gaming Tradeshow & Convention (“NIGA 2019”), to be held at the San Diego Convention Center on April 3-4, 2019 in San Diego, California. The Company’s display at NIGA 2019 (Booth #1130) will include its full suite of Epic ticket-in/ticket-out (“TITO”) and lottery printers – led by the next-generation Epic Edge – and its Epicentral promotion and bonusing print system.

“We constantly look to enhance and extend the technology foundation of our casino and gaming print solutions to further improve our customers’ businesses. These efforts will be on full display at NIGA 2019 as we demonstrate our next-generation Epic Edge TITO printer and our Epicentral promotion and bonusing print solution, both of which have distinct benefits for North American tribal gaming operators,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “The all-new Epic Edge takes existing technology and elevates it to a higher standard thanks to its 300 dpi print quality which delivers razor sharp barcodes and graphics on printed tickets, leading to dramatically improved gaming floor operations. Epicentral also continues to prove its ability to drive time on device and increased revenue performance and our full system offering and Epicentral System Edition have the needed flexibility that allow for deployment in casino operations of all sizes. We look forward to engaging with our tribal customers at NIGA 2019 as we help them create elevated gaming floor experiences and enhanced financial performance.”

Epic Edge: The New Leader in Ticket-In/Ticket-Out

The next-generation Epic Edge is the new choice in TITO printers as it allows slot and table operations to run at peak efficiency while delivering the fun and engaging experience that keeps players coming back for more. Representing a 50 percent improvement over current industry offerings, the Epic Edge’s 300 dpi print resolution delivers sharper barcodes for better ticket acceptance and drives a reduction in attendant calls, leading to a measurable improvement in slot floor performance. Epic Edge tickets also feature eye-catching, dynamic graphic images, making it ideal for implementation alongside bonusing applications such as Epicentral from TransAct. The Epic Edge allows for firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, driving increased convenience and making the process of updating firmware speedier than ever. Other features include a single rugged outer chassis with color coded rails, numerous port options (Serial, USB and Netplex), hot swap capability to eliminate game downtime, a faster ServerPort™ connection and an adjustable ticket bucket which can accommodate standard and smaller, paper-saving tickets.

Epic: The Trusted Name in Printing

TransAct’s Epic TITO and roll-fed printers have long been an industry constant, delivering leading dependability and unmatched reliability across a wide array of applications including slot machines, gaming machines and tables. TransAct will demonstrate its full lineup of Epic printers at NIGA 2019, including:

Epic 950 – The current industry standard for TITO printing, TransAct’s Epic 950 continues to deliver proven performance in over 750,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide for the direct, real-time delivery of eye-catching personalized promotions and bonus offers.
Epic Edge TT™ – These unique, purpose-built printers take the power of the advanced Epic Edge outside the slot machine and on to table games, players’ club desks and cash desks. They package a printer, internally mounted power supply and ServerPort in a tidy, compact design that is easy to deploy. In addition, thanks to their dual port capability, the Epic Edge TT allow operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.
Epic 880® – This compact printer for all types of gaming machines (including video lottery terminals) features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.
Epic 3000® – The Epic 3000 has been deployed by lotteries worldwide across hundreds of thousands of locations, delivering fast, proven performance. It offers a number of industry-unique features, including an anti-jam front paper exit for reliable operation, the ability to print and stack up to 100 tickets without shuffling, a large 7.5-inch diameter paper roll, and the only full tool steel rotary cutter.
Epicentral Delivers Casino Revenue Growth

TransAct will leverage proven performance data from operators of all size to demonstrate how Epicentral is “Delivering Casino Revenue Growth” at NIGA 2019. Epicentral creates unmatched in-casino promotion and bonus offerings in concert with the Epic printers installed in the gaming devices and at tables throughout the casino. Operators at NIGA 2019 will see demonstrations of both Epicentral and the Epicentral Systems Edition (“Epicentral SE”) and learn how the Company’s software offering effectively bridges the gap between the slot machine and the reward of a printed ticket. Epicentral has been proven to drive increased game play, time on device and player loyalty and TransAct will highlight how Epicentral is the natural choice for operators looking to implement printed ticket bonuses on their gaming floors.

Epicentral v3.9 offers a variety of powerful features that build on Epicentral’s long-term track record of driving increased time on device and revenue. These include the ability to run multiple promotions at the same time, create games within games, run different promotions on different slot game banks, segment players by tier, promote to different levels of uncarded players and improve operator decision making through detailed activity reports. Epicentral v3.9 also improves the player experience by allowing for the redemption, printing and re-printing of bonuses at multiple locations.

For operators looking to expand bonusing within their existing slot management systems, Epicentral SE easily turns current promotional offerings into printed coupons by combining existing system capabilities with Epicentral’s Print Manager and Design Center modules. Epicentral SE can easily print and deliver free play vouchers directly to players which they can then redeem at the slot machine. TransAct will demonstrate at NIGA 2019 how customers can choose Epicentral SE as a first step towards a future upgrade to a fully-featured Epicentral deployment.

For more information about the Company’s complete lineup of Epic gaming and lottery printers and its Epicentral solution, please visit http://www.transact-tech.com.

BOHA!™ Cloud Services and Apps Provide Comprehensive Functionality to Address Key Restaurant and Foodservice Industry Back-of-House Needs, Including Inventory Management, Temperature Monitoring for Food and Equipment, Food Recalls, Food Labeling, Check Lists and Equipment Service Management

All-in-One Solution Helps Restaurant and Food Service Operators of Any Size Address Increasing Back-of-House Costs and Workloads

TransAct^® Technologies Incorporated (TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today the launch of BOHA!™, a comprehensive ecosystem of cloud-based SaaS apps and hardware solutions that will revolutionize how restaurant and food service companies manage their back-of-house operations. BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in a single platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations as they continue to evolve.

BOHA! SaaS-based software and hardware ecosystem marks a significant milestone for TransAct and the restaurant and foodservice industry. For the first time, operators can deploy a full, single-vendor suite of integrated software applications and hardware solutions to automate their back-of-house operations. Given the priority placed on having employees deliver the best customer experience in an environment with rising food and labor costs, all restaurant and food service companies are focused on adding automation and reducing administrative tasks in their back-of-house operations to increase efficiency and lower costs."

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “The launch of our new BOHA! SaaS-based software and hardware ecosystem marks a significant milestone for TransAct and the restaurant and foodservice industry. For the first time, operators can deploy a full, single-vendor suite of integrated software applications and hardware solutions to automate their back-of-house operations. Given the priority placed on having employees deliver the best customer experience in an environment with rising food and labor costs, all restaurant and food service companies are focused on adding automation and reducing administrative tasks in their back-of-house operations to increase efficiency and lower costs.

“Over the last several years, we have spent considerable time working with operators across the industry, including in their kitchens, to determine how best to help them address these critical needs. One of our key learnings was that restaurant and food service operators want to simplify their processes with a single platform, single portal solution that provides the highest level of relevant features and functionality while eliminating the complexity of managing multiple software and hardware products from multiple vendors. The result of our tireless efforts is the development of BOHA!, an innovative range of products that can address what we believe is a large opportunity to offer automated solutions that streamline critical back-of-house processes. With BOHA!, TransAct is uniquely positioned to deliver a comprehensive ecosystem of cloud-based SaaS apps, hardware and accessories.”

BOHA! SOLUTION SUITE

At launch, the BOHA! ecosystem will feature the following SaaS-based apps, functionality and hardware solutions:

BOHA! Inventory

BOHA! Inventory provides the fastest and most accurate way to manage inventory in restaurant and foodservice operations. BOHA! Inventory is a complete inventory management solution that allows any restaurant employee, not just managers, to enter inventory counts by scanning barcodes, tapping through a list, or using voice recognition. BOHA! Inventory users can also submit new food orders through the app which builds a “suggested” re-order based on previous usage data. The receiving process is also simplified with BOHA! Inventory linking distributor invoices to purchase orders and managing quality complaints, eliminating the need to call or manually submit information. BOHA! Inventory works on the BOHA! Handheld.

BOHA! Temp

BOHA! Temp improves HACCP compliance and restaurant brand standards by effortlessly walking employees through each step of the required food temperature taking process. If any food item is measured out of its specified temperature range, the app walks the employee through the necessary corrective action steps. BOHA! Temp also creates daily and weekly logs that can be provided to internal auditors or health inspectors. BOHA! Temp works on the BOHA! Handheld and is integrated with industry-leading Bluetooth temperature probes.

Company’s Epic Edge TITO Printer Headlines TransAct’s One-Stop-Shop Display

HAMDEN, Conn. & LAS VEGAS--(BUSINESS WIRE)--Oct. 8, 2018-- TransAct Technologies Incorporated (Nasdaq:TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced today that it will demonstrate for attendees at the 18th Annual Global Gaming Expo (“G2E 2018”) how its ground-breaking Epic Edge ticket-in/ticket-out (“TITO”) printer provides an edge over the competition when it comes to creating razor sharp barcodes and eye-catching graphics on printed tickets across their gaming floors. TransAct’s display (Booth #2423) at G2E 2018, to be held in Las Vegas, Nevada from October 9-11, 2018 at the Sands Expo and Convention Center, will also highlight the Company’s full lineup of casino, gaming and lottery printers and software solutions, including the latest editions of its innovative Epicentral software-driven bonusing solution and its TITO and roll-fed printers for casino, gaming and lottery applications.

“TransAct has long offered print and bonusing solutions that allow casino, gaming and lottery operators to get an edge over their competition. With our Epic Edge, we are bringing to gaming floors worldwide new technology that takes printer capabilities to the next level,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “At the 2018 Global Gaming Expo in Las Vegas, we will be asking attendees a simple question: why buy old print technology when you can add the best-in-class Epic Edge to your gaming floor? Our team of sales professionals will demonstrate what 300 dpi print quality can do for printed tickets and how the razor sharp barcodes and graphics on those printed tickets can dramatically improve gaming floor operations. The Epic Edge is the embodiment of our continued commitment to remain a partner of choice thanks to our unmatched customer service and customer-centric innovation which allows TransAct’s solutions to meet customer performance and efficiency needs while creating a gaming floor experience that keeps players coming back for more.”

Epic Edge: The New Leader in Ticket-In/Ticket-Out

As casino entertainment preferences evolve, operators continue to seek out products and solutions that allow them to provide players with unmatched experiences while ensuring their gaming floors run at peak efficiency. The next-generation Epic Edge is the choice in TITO printing for global casino operators, designed for easy implementation across all gaming floors. Currently being installed and approved by the leading gaming device OEMs, operators selecting the Epic Edge will benefit from a number of significant technology enhancements led by its 300 dpi print resolution. Representing a 50 percent improvement over current industry offerings, this unmatched new standard in print resolution easily delivers sharper barcodes for better ticket acceptance which will drive a real reduction in attendant calls and a tangible improvement in floor performance. The Epic Edge’s 300 dpi print resolution will also create eye-catching, dynamic graphic images on printed tickets, making it ideal for implementation alongside bonusing applications such as TransAct’s Epicentral. Additionally, the Epic Edge allows for firmware updates via a full speed USB 2.0 connection or directly via a micro SD card, driving increased convenience and making the process of updating firmware speedier than ever. Other features of the Epic Edge include a single rugged outer chassis with color coded rails, numerous port options (Serial, USB and Netplex), hot swap capability to eliminate game downtime and a faster ServerPort™ connection. Operators will also benefit from its adjustable ticket bucket which can accommodate standard and smaller, paper-saving tickets.

Epicentral Delivers Casino Revenue Growth

TransAct will again demonstrate at G2E 2018 how Epicentral is “Delivering Casino Revenue Growth” for operators of all sizes, offering proven performance for more than six years in creating unmatched in-casino promotions and bonus offerings. Epicentral and the Epicentral Systems Edition (“Epicentral SE”) return to the G2E 2018 show floor where TransAct will work with show attendees to easily bridge the gap between the slot machine and the reward of a printed ticket thanks to the software suite’s unmatched capabilities. Since its introduction, Epicentral has proven that printed tickets drive increased game play, time on device and player loyalty and TransAct will highlight how this performance makes Epicentral a natural choice for operators as they implement printed ticket bonuses on their gaming floors.

Epicentral v3.9 offers a wide variety of powerful features that build on Epicentral’s long-term track record of driving increased time on device and revenue. These include the ability to run multiple promotions at the same time, create games within games, run different promotions on different slot game banks, segment players by tier, promote to different levels of uncarded players and leverage its real-time capabilities to improve operator decision making through detailed activity reports. Epicentral v3.9 also improves the player experience by allowing for the redemption, printing and re-printing of bonuses at multiple locations.

For operators looking to leverage their existing systems while expanding their bonusing capabilities, Epicentral SE can easily turn current promotional offerings into printed coupons by leveraging Epicentral’s Print Manager and Design Center modules. TransAct will provide a live demonstration of how Epicentral SE can print and deliver free play vouchers directly to players which they can then redeem at the slot machine while still playing. Importantly, TransAct will also work with customers who choose Epicentral SE while eyeing a future upgrade to Epicentral should they desire a step up to a full-featured in-casino bonus environment.

Epic: The Trusted Name in Printing

TransAct’s best-in-class Epic TITO printers serve as a critical connection between the gaming device and player, representing a key component in the best performing gaming floors worldwide. At the same time, the Company’s Epic roll-fed printers have been a constant in casino, gaming and lottery operations for more than 20 years, delivering industry-leading dependability and unmatched reliability across a wide array of applications. TransAct will bring to G2E 2018 a full demonstration of both its Epic TITO and Epic roll-fed printers, which deliver unmatched print performance for slot machines, gaming devices (amusement with prize, skill with prize and video lottery terminals), customer service solutions (kiosks and other terminals) and lottery systems deployed around the world.

Demonstrations at G2E 2018 (Booth #2423) will also include:

• Epic 950 – The current industry-standard for TITO printing, TransAct’s Epic 950 continues to deliver proven performance in over 750,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide for the direct, real-time delivery of eye-catching personalized promotions and bonus offers.
• Epic Edge TT™  and Epic 950 TT™ – These unique, purpose-built printers take the power of the advanced Epic Edge and proven Epic 950 outside the slot machine and on to table games, players’ club desks and cash desks. They package a printer, internally mounted power supply and ServerPort in a tidy, compact design that is easy to deploy. In addition, thanks to their dual port capability, the Epic Edge TT and Epic 950 TT allow operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.
• Epic 880® – This compact printer for all types of gaming machines (including amusement with prizes, skill with prizes and video lottery terminals) features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.
• Epic 430® – An easy-to-configure modular design makes the Epic 430 ideal for customer self-service kiosks. This printer features variable length tickets with graphics and coupons capabilities, quick paper roll changes, a fast print speed and an array of standard paper sensors.
• Epic 3000® – The Epic 3000 has been deployed by lotteries worldwide across hundreds of thousands of locations, delivering fast, proven performance. It offers a number of industry-unique features, including an anti-jam front paper exit for reliable operation, the ability to print and stack up to 100 tickets without shuffling, a large 7.5-inch diameter paper roll, and the only full tool steel rotary cutter.

For more information about the Company’s complete lineup of Epic gaming and lottery printers and its Epicentral solution, please visit http://www.transact-tech.com.

TransAct Team to Display Proven Epic Printers and Powerful Epicentral Bonusing System in Company’s One-Stop-Shop Stand

 

Hamden, CT – August 8, 2018 – TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced today that the Company will demonstrate its full solution suite for the global casino, gaming and lottery markets at the 2018 Australasian Gaming Expo (“AGE 2018), to be held at the International Convention Center Sydney Darling Harbour in Sydney, Australia on August 14-16, 2018. TransAct’s first-ever standalone display at AGE 2018 (Stand #612) will become the one-stop shop for global casino, gaming and lottery operators’ ticket-in/ticket-out (“TITO”) and roll-fed printer needs as well as the home for innovative software-driven bonusing solutions for the casino and gaming market.

“TransAct’s one-stop shop for our customers’ printing and bonusing needs will be on full display at the 2018 Australasian Gaming Expo as our growing international sales team takes our full lineup of industry-leading technology and printer solutions directly to the market for the first time ever,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “We are the only company that can offer global casino, gaming and lottery operators a full suite of printer and software solutions and our ability to combine that portfolio with unmatched customer service makes TransAct the partner of choice for operators of all sizes. Visitors to our stand at AGE 2018 will see our best-in-class portfolio of solutions for casino slot floors, gaming machines and lottery installations including two unique versions of Epicentral as well as our proven Epic TITO and roll-fed printers. We look forward to engaging with our customers in Sydney as we help them further improve their businesses.”

Epicentral Delivers Casino Revenue Growth

“Delivering Casino Revenue Growth” and proven results for more than five years, Epicentral remains the only enterprise-level software solution that allows casino operators to take their in-casino promotions and bonusing to the next level. Epicentral and the Epicentral Systems Edition (“Epicentral SE”) return to AGE 2018 as TransAct’s team will demonstrate how customer can leverage the power of this unique solution to bridge the gap between the slot machine and reward of a printed ticket, thus driving increased game play and time on device. Operators implementing Epicentral and Epicentral SE on their gaming floors can target and provide printed bonuses in real-time to players while they play on the casino floor, creating a whole new bonusing environment quickly and easily.

Epicentral v3.9 offers a wide variety of powerful new features that build on a proven track record of driving increased time on device and revenue. These innovative features on display will include the ability to run multiple promotions at the same time, create games within games, run different promotions on different slot game banks, segment players by tier, promote to different levels of uncarded players and leverage its real-time capabilities to improve operator decision making through detailed activity reports. Furthermore, Epicentral v3.9 dramatically improves the player experience by allowing for the redemption, printing and re-printing of bonuses at multiple locations.

For operators looking to leverage their existing system investments and expand bonusing capabilities to their existing gaming devices, TransAct’s Epicentral SE easily turns current promotional offerings into printed coupons by leveraging Epicentral’s Print Manager and Design Center modules. The system can print and deliver free play vouchers directly to players which they can then redeem at the slot machine while still playing. It also presents operators with an upgrade path to a full Epicentral system implementations should operators want to take their in-casino bonus environment to a whole new level.

Epic: THE Name in Ticket-In/Ticket-Out Printers

TransAct’s best-in-class lineup of Epic TITO printers on display at AGE 2018 (Stand #612) will include the advanced Epic Edge and industry-leading Epic 950 along with the Company’s table top printers, the Epic Edge TT and Epic 950 TT. The next-generation Epic Edge is built on the proven long-term performance of the industry-leading Epic 950 and is designed so that both printers can be easily run side-by-side, simplifying casino operations and improving floor performance.

TITO solutions on display will include:

• Epic Edge – This next-generation casino ticket printer offers operators an enhanced 300 dpi print resolution which delivers a 50 percent improvement over current printers. As a result, the Epic Edge can produce eye catching tickets and razor-sharp barcodes, allowing it to improve bill validator acceptance and reduce attendant calls. It also includes an adjustable ticket bucket that accommodates standard tickets and smaller, paper-saving tickets. To further help slot machine operators, the firmware’s update port has been upgraded to a full speed USB 2.0 connection which allows the printer to automatically download software updates. In addition, a micro SD card slot allows direct firmware updates, increasing convenience and saving time. Additional unique features include a single rugged outer chassis with color coded rails and Serial, USB and Netplex ports, hot swap capability to eliminate game downtime and a faster ServerPort™ connection.
• Epic 950 – The current industry-standard for TITO printing, TransAct’s Epic 950 continues to deliver proven performance in over 750,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide for the direct, real-time delivery of eye-catching personalized promotions and bonus offers.
• Epic Edge TT™ and Epic 950 TT™ – These unique, purpose-built printers take the power of the advanced Epic Edge and proven Epic 950 outside the slot machine and on to table games, players’ club desks and cash desks. They package a printer, internally mounted power supply and ServerPort in a tidy, compact design that is easy to deploy. In addition, thanks to their dual port capability, the Epic Edge TT and Epic 950 TT allow operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.

Epic Roll-Fed Printers: A Complete Lineup

For more than 20 years, TransAct’s Epic roll-fed printers have delivered industry-leading dependability and capabilities and the Company’s display at AGE 2018 will feature a full array of roll-fed printers for the variety of gaming devices in use around the world (amusement with prize, skill with prize and video lottery terminals) as well as for customer self-service kiosks and lottery locations.

Gaming and lottery roll-fed solutions on display will include:

• Epic 880® – This compact printer for all types of gaming machines (including amusement with prizes, skill with prizes and video lottery terminals) features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.
• Epic 430® – An easy-to-configure modular design makes the Epic 430 ideal for customer self-service kiosks. This printer features variable length tickets with graphics and coupons capabilities, quick paper roll changes, a fast print speed and an array of standard paper sensors.
• Epic 3000® – The Epic 3000 has been delivering fast, proven performance for the lottery industry for more than 20 years across hundreds of thousands of locations. It offers a number of industry-unique features, including an anti-jam front paper exit for reliable operation, the ability to print and stack up to 100 tickets without shuffling, a large 7.5-inch diameter paper roll, and the only full tool steel rotary cutter.

For more information about Epicentral the Company’s complete lineup of Epic gaming and lottery printers, please visit http://www.transact-tech.com.

HAMDEN, Conn.--(BUSINESS WIRE)--Jul. 31, 2018-- TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that Haydee Olinger has been appointed to the Company’s Board of Directors, effective Friday July 27, 2018. The appointment of Ms. Olinger to TransAct’s Board of Directors increases the size of the Board to five members, four of whom are considered independent directors under Nasdaq rules.

Ms. Olinger served in senior management roles for more than twenty years at the McDonald’s Corporation, most recently as Global Chief Compliance and Privacy Officer from 2002 to 2015. During her time at McDonald’s, Haydee developed and deployed a broad-sweeping compliance and privacy program to better manage enterprise-wide financial, legal, human resource, and loss of reputation risks. Her initiatives have been rolled out globally, increasing policy adherence, achieving operational consistency, and bolstering financial results.

Haydee Olinger has expansive international experience having been responsible for leading teams consisting of finance, franchise, tax and operations personnel in the implementation of various strategies within many of McDonald’s markets in Europe, Asia and Latin America. Acknowledged as an effective business strategist and master negotiator with strong people skills, Haydee is also credited with playing an instrumental role in McDonald’s entry and ongoing growth throughout multiple Latin America markets.

Ms. Olinger earned both her Juris Doctor and Bachelor of Science in Management and Business Administration degrees at DePaul University. Additionally, she earned a Master of Science in leadership and Business Ethics at Duquesne University. She currently serves on the boards of DePaul University Institute of Business and Professional Ethics and the Illinois Lottery Control Board.

“With her extensive restaurant industry experience and track record of success, I am delighted to welcome Haydee to our Board of Directors,” said Bart Shuldman, Chairman and Chief Executive Officer of TransAct. “Her direct knowledge and understanding of the global restaurant industry with deep operations and legal expertise will prove valuable to TransAct as we continue to look to further develop and exploit the large restaurant solutions market opportunity for our Company. The entire TransAct Board of Directors looks forward to working with Haydee as we further position the Company for long-term growth.”

Company Successfully Executing Against Growing Market Opportunity for Revolutionary Back-of-the-House Restaurant Management Solutions

HAMDEN, Conn.--(BUSINESS WIRE)--Jun. 6, 2018-- TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that it has secured new potential placements for its AccuDate™ restaurant solutions terminals at six major restaurant and foodservice operator customers through the first five months of 2018. These placements, the majority of which are for the AccuDate XL, could represent at least 7,000 terminals, demonstrating TransAct’s ongoing success with the rollout of its new-to-the-industry back-of-the-house software applications hub that helps operators manage their businesses more effectively and efficiently. The Company expects the roll-out and sales of the terminals to occur over the next several years and all AccuDate XL placements will include significant recurring revenue opportunities for TransAct in the form of the Company’s AccuDate-branded label offerings as well as software and maintenance support contracts.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “TransAct has made significant progress in terms of product functionality, industry awareness and sales momentum since we first introduced our AccuDate restaurant solutions several years ago. So far this year, we have secured important new wins for our AccuDate solutions with six well-known national customers encompassing more than 7,000 potential terminals. While these wins build on prior sales success with other national restaurant and foodservice customers and validate our ongoing commitment to innovation and the operational savings made possible by our terminals, we believe they represent early stepping stones to what we expect will become a significant and transformational business for TransAct. We are excited to work with these six new customers as we assist them in rolling out our AccuDate terminals and in making these terminals critical components of their day-to-day operations. Our sales team also looks forward to working with interested operators to help them better understand the benefits of our solutions as they evolve their processes for the future. Ultimately, we believe the future is bright for the AccuDate family of solutions and we are diligently executing on this opportunity each and every day.

“We are very encouraged by the tangible industry enthusiasm at the recent 2018 National Restaurant Association Show for products that help manage back-of-the-house operations such as our AccuDate solutions. Our extensive dialog with current and potential customers at the show reinforced our view that the pursuit of increased efficiency and improved cost controls are top of mind for restaurant and foodservice operators of all sizes. In today’s environment where labor costs and commodity costs continue to rise thereby squeezing profits, restaurant and foodservice operators are looking for technology solutions that will allow their kitchens to operate more efficiently. TransAct has positioned its AccuDate solutions lineup to fill this role, including our new AccuDate XL2e which we expect will become a central connected hub that talks to a wide variety of current and future technology solutions such a temperature monitoring probes thereby creating the kitchen of the future. Our AccuDate solutions are ideally suited to become critical components of kitchen workflows and will bring together advanced technologies into a single, easy to use and easy to maintain device.”

For more information on the Company’s AccuDate solutions, please visit www.transact-tech.com/restaurant-solutions.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 http://www.transact-tech.com or call (203) 859-6800.

AccuDate is a registered trademark of TRANSACT Technologies Incorporated. ©2018 TRANSACT Technologies Incorporated. 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.

Proven Epic Printers and Powerful Epicentral Bonusing System on Display

HAMDEN, Conn.--(BUSINESS WIRE)--May 8, 2018-- TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printer solutions for high-growth markets, announced today that the Company will demonstrate a full lineup of solutions for the global casino, gaming and lottery industries at G2E Asia 2018, to be held at the Venetian Macao on May 15-17, 2018 in Macao. The Company’s showcase at G2E Asia 2018 (Stand #719) will include a full lineup of its Epic ticket-in/ticket-out (“TITO”) printers, TransAct’s current fully-featured and systems versions of Epicentral along with its Epic roll-fed printers for the global gaming and lottery industries.

“The Asian gaming market continues to thrive and as gaming expansion into Japan nears reality, TransAct is well positioned to capitalize and build on its market-leading position as a one-stop provider of industry-leading technology and printer solutions for global casino, gaming and lottery operators,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “Our entire team is excited to return to Macao where we will demonstrate our best-in-class portfolio of solutions for casino slot floors, gaming machines and lottery installations along with our deep commitment to the industry and unmatched customer service. In particular, our market-leading Epic TITO printers, two unique versions of our Epicentral promotion and bonusing print system and our proven Epic roll-fed printers will be the centerpiece of our presence at G2E Asia 2018 as we help our customers throughout Asia improve their businesses.”

Epic: THE Name in Ticket-In/Ticket-Out Printers

TransAct’s best-in-class lineup of Epic TITO printers on display at G2E Asia 2018 (Stand #719) will include the advanced Epic Edge, the industry-leading Epic 950 and its purpose-built Epic Edge TT and Epic 950 TT table top printers. The next-generation Epic Edge is built on the proven long-term performance of the industry-leading Epic 950 and is designed so that both printers can be easily run side-by-side. In addition, the high-resolution print capabilities of the Epic Edge can replicate a nearly unlimited array of characters and graphics, making this latest TITO printer an ideal fit for casino operators in Asia. Attendees will get a clear look at the unmatched reliability of the Epic Edge and Epic 950, both of which are designed to simplify casino operations and improve floor performance.

TITO solutions on display will include:

• Epic Edge – This next-generation casino ticket printer offers 300 dpi print resolution, a 50% improvement over current printers, allowing for razor sharp barcodes that improve bill validator acceptance and reduce attendant calls. It also includes an adjustable ticket bucket that accommodates standard tickets and smaller, paper-saving tickets. Additional unique features include a single rugged outer chassis with color coded rails and Serial, USB and Netplex ports, hot swap capability to eliminate game downtime, two high-speed interfaces (USB and Micro SD) for simple updates, and a faster ServerPort™ connection.
• Epic 950 – The current industry-standard for TITO printing, TransAct’s Epic 950 delivers proven performance in over 500,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst™ technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide for the direct, real-time delivery of eye-catching personalized promotions and bonus offers.
• Epic Edge TT™ and Epic 950 TT™ – These unique, purpose-built printers take the power of the advanced Epic Edge and proven Epic 950 outside the slot machine and on to table games, players’ club desks and cash desks. They package a printer, internally mounted power supply and ServerPort in a tidy, compact design that is easy to deploy. In addition, thanks to their dual port capability, the Epic Edge TT and Epic 950 TT allow operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.

Epicentral Delivers Casino Revenue Growth

Epicentral has been the gaming industry’s only enterprise-level promotion and bonusing software solution for more than five years. It allows operators to easily target and provide printed bonuses in real-time to players while they play on the casino floor. Epicentral and the Epicentral Systems Edition (“Epicentral SE”) will return to G2E Asia 2018 to demonstrate how they are successfully “Delivering Casino Revenue Growth” for casinos around the globe. Epicentral effectively bridges the gap between the slot machine and the reward of the printed ticket, allowing operators to drive increased customer visitation and play with ease.

Epicentral v3.9, the latest version of this industry-unique solution, offers users a host of features that build on a proven track record of driving increased time on device and revenue. Innovative features on display will include the ability to run multiple promotions at the same time, create games within games, run different promotions on different slot game banks, segment players by tier, promote to different levels of uncarded players and leverage its real-time capabilities to improve operator decision making through detailed activity reports. Epicentral v3.9 also dramatically improves the player experience by allowing for the redemption, printing and re-printing of bonuses at multiple locations.

Casino operators are keenly aware of the need to differentiate themselves through their bonus offerings as they compete for player attention and business. While printed bonuses have historically been offered for player loyalty programs through direct mail or an in-casino host, Epicentral SE allows operators to leverage their existing systems to expand bonus capabilities to the gaming device. Epicentral SE easily turns current promotions into printed coupons thanks to the power of Epicentral’s Print Manager and Design Center modules. The system can print and deliver free play vouchers directly to players which can be redeemed at the slot machine. It also presents operators with an upgrade path to a full Epicentral system implementation to take the in-casino bonus environment to a whole new level.

Epic Roll-Fed Printers: A One-Stop Shop

TransAct is a one-stop shop for gaming and lottery operators, offering a complete lineup of Epic roll-fed printers. The Company’s Epic roll-fed printers have delivered industry-leading dependability and capabilities for more than 20 years and the full array of roll-fed printers on display at G2E Asia are ideal for use in the variety of gaming devices around the world as well as in self-service kiosk and lottery applications.

Gaming and lottery roll-fed solutions on display will include:

• Epic 880® – This compact printer for all types of gaming machines (including amusement with prizes, skill with prizes and video lottery terminals) features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.
• Epic 430® – An easy-to-configure modular design makes the Epic 430 ideal for customer self-service kiosks. This printer features variable length tickets with graphics and coupons capabilities, quick paper roll changes, a fast print speed and an array of standard paper sensors.
• Epic 3000® – The Epic 3000 has been delivering fast, proven performance for the lottery industry for more than 20 years across thousands of locations. It offers a number of industry-unique features, including an anti-jam front paper exit for reliable operation, the ability to print and stack up to 100 tickets without shuffling, a large 7.5-inch diameter paper roll, and the only full tool steel rotary cutter.

For more information about Epicentral the Company’s complete lineup of Epic gaming and lottery printers, please visit http://www.transact-tech.com.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 http://www.transact-tech.com or call (203) 859-6800.

Epicentral and Epic are registered trademarks of TRANSACT Technologies Incorporated. ©2018 TRANSACT Technologies Incorporated. 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; our new line of food safety and oil and gas products driving increased adoption by customers; 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.



View source version on businesswire.com: https://www.businesswire.com/news/home/20180508005282/en/

Source: TransAct Technologies Incorporated

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

TransAct Technologies Partners with AIGC Co., Ltd. to Pursue Japan Casino Gaming Opportunities AIGC Co., Headed by 25-Year Casino Gaming Veteran Aki Isoi, will Promote TransAct's Industry-Leading Print Technology to Wide Range of Gaming Device Manufacturers and Casino Operators Pursuing New, Large Market Opportunity


Hamden, Connecticut - January 10, 2018 - TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or "the Company"), a global leader in software-driven technology and printing solutions for high-growth markets, announced today a partnership with AIGC Co., a new consulting agency focused on the potential casino gaming market in Japan. AIGC Co., which is headed by 25-year casino gaming executive Akiyoshi ("Aki") Isoi, will promote the advantages of TransAct's industry-leading casino gaming print technologies to all constituencies pursuing and supporting the large potential market opportunity in Japan, including established gaming equipment manufacturers, international and local casino operators, government officials and to-be-created regulatory agencies.

Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, commented, "I am truly excited to be working with Aki as he is one of the most experienced and knowledgeable people in the casino industry. Aki's sterling reputation and 25-year track record of success in the casino gaming industry make him the perfect partner to promote our printer and software technology solutions in what we believe will become a large new casino market. He now resides in Japan and his relationships and knowledge of the market will help ensure that the advantages of our leading solutions are top of mind for all participants in the market, including with the large international operators that have already opened offices in the market, with local and global equipment manufacturers including pachinko machine suppliers, and with all government agencies that will help to establish, regulate and promote casino gaming in Japan. We are confident that with Aki's support, TransAct will be optimally positioned to capture a strong share of the casino gaming printer market as the Japan opportunity develops."

Aki Isoi added, "TransAct's casino products are the industry's most reliable and best-in-class solutions, delivering proven performance for casino operators. I am very pleased to be working with Bart and the TransAct team as this large new market begins to form. All potential operators in Japan and their guests will demand optimal performance from casino gaming technology and I am confident that TransAct's solutions will exceed expectations and help play a role in establishing Japan as a casino gaming technology leader."

The Japanese casino gaming market is expected to be a major opportunity including the initial licensing of up to three large-scale integrated casino resort properties; two in large cities and one in a regional market. The request for proposal process for interested operating partners is expected to begin shortly and conclude later in 2018 which could result in the first integrated resort properties opening as early as 2021 or 2022.
TransAct's available print technology solutions for the Japan gaming market will include:

• Epicentral(R) -- This revolutionary enterprise-level promotion and bonusing software solution effectively bridges the gap between the gaming device and the reward of the printed ticket. Epicentral v3.9 allows operators to run simultaneous promotions, create games within games, offer multi-user/multi-site promotions, run different promotions on different slot game banks, segment players by tier and run promotions for uncarded players. Epicentral System Edition (SE) allows operators to leverage existing system investments to expand bonusing by leveraging the Print Manager and Design Center modules while also providing an upgrade path to Epicentral.
• Epic Edge(R) -- This next-generation casino ticket printer offers operators a new print resolution (300 dpi) that delivers a 50% improvement over current printers and razor sharp barcodes, allowing it to improve bill validator acceptance and reduce attendant calls. It also includes an adjustable ticket bucket that accommodates standard tickets and smaller, paper-saving tickets. Additional unique features include a single rugged outer chassis with color coded rails and Serial, USB and Netplex ports, hot swap capability to eliminate game downtime, two high-speed interfaces (USB and Micro SD) for simple updates, and a faster ServerPort(TM) connection.
• Epic 950(R) -- The current industry-standard for TITO printing, TransAct's Epic 950 continues to deliver proven performance in over 500,000 slot machines worldwide. Easily integrated into all game types, the Epic 950 features TicketBurst(TM) technology to eliminate player/ticket interference and is fully compatible with Epicentral to provide for the direct, real-time delivery of eye-catching personalized promotions and bonus offers.
• Epic Edge TT(TM) and Epic 950 TT(TM) -- These unique, purpose-built printers take the power of the advanced Epic Edge and proven Epic 950 outside the slot machine and on to table games, players' club desks and cash desks. They package a printer, internally mounted power supply and ServerPort in a tidy, compact design that is easy to deploy. In addition, thanks to their dual port capability, the Epic Edge TT and Epic 950 TT allow operators to expand the bonusing environment created by their Epicentral deployments to non-gaming device applications.
• Epic 880(R) -- This compact printer for all types of gaming machines(including amusement with prizes, skill with prizes and video lottery terminals) features a modular design that is configurable to nearly any space, a variable length ticket presenter and ticket retract capability. It also offers auto paper loading and can accommodate 4-inch or 6-inch paper rolls.
• Epic 430(R) -- An easy-to-configure modular design makes the Epic 430 ideal for customer self-service kiosks. This printer features variable length tickets with graphics and coupons capabilities, quick paper roll changes, a fast print speed and an array of standard paper sensors.

About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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(TM), EPICENTRAL(R), Epic(R), Ithaca(R), RESPONDER and Printrex(R) 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 http://www.transact-tech.com or call (203) 859-6800. Epicentral and Epic are registered trademarks of TRANSACT Technologies Incorporated. (c)2018 TRANSACT Technologies Incorporated. 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; our new line of food safety and oil and gas products driving increased adoption by customers; 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.

Doncaster, UK – November 29, 2017 – TransAct Technologies Incorporated (Nasdaq: TACT), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that beginning January 1, 2018, it will launch direct sales and support operations for casino and gaming customers throughout Europe. TransAct’s new direct European sales team, led by Robert Denham, Vice President of Sales and Product Management, will be focused on the Company’s casino and gaming solutions portfolio, including its industry-leading Epic Edge™ and Epic 950™ ticket-in/ticket-out printers, the Epic 880® and Epic 430® roll-fed printers, the Epic 3000® lottery printer, and its industry-unique Epicentral promotion and bonusing software solution. TransAct expects that the shift from working with a distributor to a direct sales and service team to support European customers will result in more effective customer interaction and service which will drive an improvement in its international casino and gaming contributions going forward.

To support its new direct sales operations in Europe, the Company recently expanded its presence in Doncaster, United Kingdom. TransAct’s Doncaster office contact information is as follows:

TransAct Technologies Limited
Units 5 & 6 Bullrush Grove
Balby, Doncaster DN4 8SL UK
+44-1709772500

About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 http://www.transact-tech.com or call (203) 859-6800.

Epicentral System Edition Deployed via Existing Aristocrat OASIS 360™ Slot Management System
Hamden, CT and Islandia, NY – October 2, 2017 – TransAct Technologies Incorporated (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that the first deployment of Epicentral SE, TransAct’s new systems edition of its Epicentral promotion and bonusing print system, is now live at Jake’s 58 Hotel & Casino in Islandia, New York. Used in conjunction with the Aristocrat OASIS 360™ slot management system and TransAct Epic 950 printers, Epicentral SE is powering the delivery of printed offers, including free play vouchers delivered to players directly at the Long Island casino’s 1,000 video lottery terminals (“VLT”) which they can redeem while playing.

Jake’s 58 Hotel & Casino is located adjacent to Exit 58 of the Long Island Expressway and features 1,000 VLTs as well as a 227-room hotel, off-track betting (OTB) wagering and several food and beverage options. The hotel is owned by global hospitality company Delaware North, which also manages the gaming portion of the venue for Suffolk Regional OTB.

Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, commented, “We are excited that Delaware North and the Jake’s 58 team selected Epicentral SE to power new bonusing opportunities for their players and are delighted to be working with Aristocrat to extend the capabilities of their powerful OASIS 360 system. In what has become a highly competitive industry environment, TransAct believes that the real-time delivery of bonuses via a printed voucher is a differentiated way for operators to drive increased visitation and play among their patrons. The ability to print playable vouchers, redeemable at the game, is an unrivaled feature of our Epicentral SE system, an easy-to-implement add-on to slot management systems like OASIS 360 that transforms the bonus environment on casino floors. We look forward to working with Jake’s 58 as they fully leverage the capabilities of Epicentral SE.”

Chuck Kilroy, General Manager of Jake’s 58, commented, “Since opening in February 2017, Jake’s 58 Hotel & Casino has attracted a dedicated following of customers from across Long Island. In working to expand our offers and promotions, we recognized that delivering real-time bonuses to our customers would be an attractive way to interact with them while they are playing one of our 1,000 VLTs and electronic table games. We chose TransAct’s Epic 950 printer for our machines in part because it allowed us to implement Epicentral SE. We are delighted with the results driven by Epicentral SE to date, and our marketing and gaming teams look forward to exploring the ways we can expand our bonus and promotion offerings going forward to further excite our players.”

Angelo Palmisano, Vice President of Systems Product of Aristocrat Technologies, added, “Integrating the capabilities of Epicentral SE into the proven bonus offerings enabled by OASIS 360 is a no brainer, as printed coupons are an ideal way to get players’ attention and drive increased slot floor activity. By working in close collaboration with the team from TransAct, we were able to quickly upgrade the power of what we can deliver to Jake’s 58 through our OASIS 360 slot management system and further aid our customer in their delivery of an attractive casino gaming environment, all while tracking player activity and the effectiveness of their promotions.”

Epicentral is the industry’s only enterprise-level promotion and bonusing software suite, providing for the real-time delivery of targeted promotions to customers directly at slot machines and electronic table games. TransAct’s new systems edition of Epicentral, Epicentral SE, allows operators to use the existing bonusing capabilities of their slot management systems to offer bonuses to players as a printed coupon by leveraging Epicentral’s Print Manager and Design Center modules. These real-time printed bonuses have been proven to drive increased time on device and, ultimately, increased revenue for the casino operator.

About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 http://www.transact-tech.com or call (203) 859-6800.

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

About Jake’s 58 Hotel & Casino
Jake’s 58 Hotel & Casino in Islandia, N.Y., features 1,000 video lottery terminal (VLT) gaming machines, including table game favorites Black Jack, Craps, Roulette and Baccarat in an electronic format, thanks to the Interblock Stadium. The casino also offers two Off-Track Betting kiosks with racing simulcast monitors, plus several food and beverage options, including the Bistro 58 restaurant. The hotel features 227 guest rooms with free high-speed internet service and a fitness center, in addition to the gaming venue and food and beverage options. The name “Jake’s” is a nod to the Jacobs family, which for more than 100 years has owned and led Delaware North, and the “58” represents the nearby Exit 58 of I-495, the Long Island Expressway. To book hotel rooms and for more information, visit www.Jakes58.com.

About Aristocrat
Aristocrat Technologies Inc. is a subsidiary of Aristocrat Leisure Limited (ASX: ALL), a leading global provider of land-based and online gaming solutions. The Company is licensed by more than 200 regulators and its products and services are available in more than 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines and casino management systems. For further information, visit the company’s website at www.aristocrat-us.com.

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; our new line of food safety and oil and gas products driving increased adoption by customers; 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.

Hamden, CT – September 11, 2017 – TransAct Technologies Incorporated (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, announced today that the first deployment of Epicentral SE, TransAct’s new systems edition of its Epicentral promotion and bonusing print system, is now live at a U.S. commercial casino. Installed in connection with the existing slot management system and TransAct Epic 950 printers in use at the property, Epicentral SE is powering the delivery of printed offers, including free play vouchers, delivered directly to players which they can redeem while playing.

Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies, commented, “We are excited that Epicentral SE is now powering new bonusing opportunities at a U.S. casino for the first time. In what has become a highly competitive industry environment, TransAct believes that the real-time delivery of bonuses via a printed voucher is a differentiated way for operators to drive increased visitation and play among their patrons. The ability to print playable vouchers, redeemable at the game, is an unrivaled feature of our Epicentral SE system, an easy-to-implement add-on to slot management systems that transforms the bonus environment on casino floors. We look forward to working with this customer as they fully leverage the capabilities of Epicentral SE.”

Epicentral is the industry’s only enterprise-level promotion and bonusing software suite, providing for the real-time delivery of targeted promotions to customers directly at slot machines and electronic table games. TransAct’s new systems edition of Epicentral, Epicentral SE, allows operators to use the existing bonusing capabilities of their slot management systems to offer bonuses to players as a printed coupon by leveraging Epicentral’s Print Manager and Design Center modules. These real-time printed bonuses have been proven to drive increased time on device and, ultimately, increased revenue for the casino operator.

About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, 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 http://www.transact-tech.com or call (203) 859-6800.

Epicentral and Epic are registered trademarks of TRANSACT Technologies Incorporated. ©2017 TRANSACT Technologies Incorporated. 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; our new line of food safety and oil and gas products driving increased adoption by customers; 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.