USA
Technologies, Inc. (NASDAQ: USAT), (“USAT”), a leader of wireless,
cashless payment and M2M telemetry solutions for small-ticket,
self-serve retailing industries, today announced that it will be
demonstrating two new cashless payment devices at the NAMA
OneShow to be held in Las Vegas, April 24-26. USAT’s latest devices
for cashless payment and telemetry—the ePort® G9 and ePort® G10—are
designed to bring greater functionality and value to business operators
as they optimize their cashless payment platforms to develop new sales
opportunities and greater operational efficiencies.
The ePort
G9 represents a redesigned, feature-rich offering for USAT’s popular
JumpStart program. It will include all of the functionality of USAT’s
NFC-enabled ePort G8, plus new features designed to bring more value to
businesses through expanded acceptance options, consumer engagement
offerings, and advanced diagnostics.
New features include:
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Upgraded to ARM 9 processor
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Wireless EMV for Interact debit in Canada
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Added Serial and Pulse Interfaces
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Enhanced MDB diagnostics
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“High Drive”™ DEX with diagnostics
“We had two goals in mind with the ePort G9—improved functionality and a
reduced cost to drive greater overall value for USAT and for its
customers,” said Cary M. Sagady, USAT’s Senior Vice President of Product
Management and Network Services. “Customers are predominantly acquiring
our NFC-enabled ePort G8 in our JumpStart program, so our goal was to
enrich that product based on the needs of our customers via a
substantially more cost effective design. I am very pleased that we will
be able to achieve both.”
The ePort
G10 will include all of the added features of the new ePort G9—plus
more. This premium offering will include a larger screen for messaging
and consumer interaction as well as expanded contact and contactless EMV
features.
In addition to the larger screen and new functionality that will be
incorporated into the new ePort G9, the G10 will also include:
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EMV contactless L1
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Contactless payment L2 (PayPass, M-Chip, PayWave, qVSDC, Amex,
Discover, DPAS, Interac Flash)
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Mifare, ISO14443
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NFC, ISO18092
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EMV Contact L1 and L2
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RS232
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USB
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Ethernet
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Linux OS
To learn more about the ePort G9 and G10, visit USAT’s booth #1229 at
the NAMA
OneShow at the Venetian Sands Resort in Las Vegas from April 24-26.
About USA Technologies:
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company’s flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of small ticket,
self-service retailing industries. USA Technologies also provides a
broad line of cashless acceptance technologies including its NFC-ready
ePort® G8, ePort Mobile™ for customers on the go, and QuickConnect™, an
API Web service for developers. USA Technologies has been granted 85
patents; and has agreements with Verizon, Visa, Elavon and major
customers such as Compass, Crane, AMI Entertainment and others. Visit
the website at www.usatech.com.
Forward-looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: All statements other than statements of historical fact
included in this release, including without limitation, USAT's
anticipated commercial availability and costing of its new generation
products, are forward-looking statements. When used in this release,
words such as "anticipate", "believe", "estimate", "expect", "intend",
and similar expressions, as they relate to USAT or its management,
identify forward-looking statements. Such forward-looking statements are
based on the beliefs of USAT's management, as well as assumptions made
by and information currently available to USAT's management. Actual
results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors, including but
not limited to, whether USAT can timely manufacture and introduce to the
marketplace its new generation devices; the ability of USAT to obtain
widespread commercial acceptance of its new generation products; and the
incurrence by us of any unanticipated or unusual non-operational
expenses, such as in connection with a proxy contest, which would
require us to divert our cash resources from achieving our business plan
including the development of our new generation devices or, in the
alternative, increase our cash resources through, among other things,
the sale of our securities. Readers are cautioned not to place undue
reliance on these forward-looking statements. Any forward-looking
statement made by us in this release speaks only as of the date of this
release. Unless required by law, USAT does not undertake to release
publicly any revisions to these forward-looking statements to reflect
future events or circumstances or to reflect the occurrence of
unanticipated events.
G-USAT
