TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the
Company”), a global leader in market-specific solutions, including
printers, terminals, software and other products for transaction-based
and other industries, announced today that it has entered into an
agreement to extend the functionality of its new Ithaca® 9800 food
safety terminal through connection to CrunchTime! Information Systems’
(“CrunchTime”) leading back-office restaurant management platform.
Connecting the new Ithaca 9800 food safety terminal to CrunchTime will
allow restaurant operators to access the restaurant’s daily prep process
in real time, from the kitchen, through the Internet-enabled Ithaca 9800.
“Our goal with the Ithaca 9800 food safety terminal was to create a
device that would drive real changes and efficiencies in back-of-house
operations, interact seamlessly with a wide variety of third party
applications and take the functionality of the terminal beyond food
safety printing, giving foodservice operators a tool that allows them to
streamline their business,” said Bart C. Shuldman, Chairman and Chief
Executive Officer of TransAct Technologies. “The agreement announced
today with CrunchTime demonstrates our commitment to that goal and we
believe it represents the beginning of a process that will further
expand the ecosystem of Ithaca 9800-compatible products and solutions
for the foodservice industry. Our customers covet solutions that improve
their operating efficiency and save them money and we believe that
working with CrunchTime and aligning our product goals with theirs will
result in powerful solutions that become a natural fit in our customers’
kitchens. Furthermore, we believe this agreement dramatically expands
the potential marketplace for the Ithaca 9800 as it helps diversify the
verticals and customer base for our newest food safety terminal.”
Through the Company’s agreement with CrunchTime, TransAct’s
Internet-enabled Ithaca 9800 food safety terminal will become an access
point for CrunchTime’s web-based back office solution. The combined
solution will allow kitchen personnel to streamline their food
preparation processes by leveraging CrunchTime’s predictive daily prep
module and the Ithaca 9800’s native printing capabilities. Operators
will be able to access all information in their recipe database
(including prep instructions, pictures, video, HACCP safety sheet,
etc.), plan and execute their production in real-time, and print all
necessary HACCP compliant labels on demand. In addition, CrunchTime will
resell the Ithaca 9800 under its own brand name to its customer base
worldwide, further expanding the distribution presence for TransAct’s
newest food safety terminal.
Bill Bellissimo, CEO of CrunchTime! Information Systems, commented, “We
are fully committed to providing integrated solutions that reduce the
number of moving parts in a kitchen, streamline operations and help our
customers grow and evolve their businesses. This solution will take the
restaurant management team out of the back office and deliver great
capabilities on-demand, in the kitchen. Our next-generation suite is
focused on integrating the entire kitchen with tools that provide
actionable information wherever the restaurant team needs it. By
integrating our powerful online solutions with the Ithaca 9800, we are
providing our current and prospective customers with an entirely new way
to optimize the production processes that affect every restaurant. This
will open new avenues to drive efficiency and improve the guest
experience. We believe our customers will realize the power and benefits
of this integrated solution and are excited to work with the entire team
at TransAct to bring this solution to market.”
For more information on the Ithaca 9800 food safety terminal, please
visit www.transact-tech.com/food-safety/Ithaca-9800.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries.
These industries include casino and gaming, lottery, food safety,
banking, point-of-sale, hospitality, oil and gas, medical and mobile.
Each individual market has distinct, critical requirements for printing
and the transaction is not complete until the receipt and/or ticket is
produced. TransAct printers and products are designed from the ground up
based on market-specific requirements and are sold under the Ithaca®,
RESPONDER, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has
over 2.5 million printers and terminals installed around the world.
TransAct is also committed to providing world-class printer service,
spare parts, accessories and printing supplies to its growing worldwide
installed base of printers. Through its TransAct Services Group,
TransAct provides a complete range of supplies and consumable items used
in the printing and scanning activities of customers in the hospitality,
banking, retail, gaming, government and oil and gas exploration markets.
Through its webstore, http://www.transactsupplies.com,
and a direct selling team, TransAct addresses the on-line demand for
these products. TransAct is headquartered in Hamden, CT. For more
information, please visit http://www.transact-tech.com
or call 203.859.6800.
About CrunchTime! Information Systems
CrunchTime! Information Systems is a leading provider of enterprise
solutions for the hospitality industries. Since 1995, CrunchTime back
office solutions have helped customers reduce food and beverage costs,
drive labor efficiencies, and better manage the quality and consistency
of their foodservice operations. CrunchTime’s customers include
multi-unit restaurants, cruise lines, entertainment venues, hotels and
foodservice management companies around the world. For more information,
visit www.crunchtime.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 are not limited to,
customer acceptance and market share gains, both domestically and
internationally, in the face of substantial competition from competitors
that have broader lines of products and greater financial resources; our
competitors introducing new products into the marketplace; our ability
to successfully develop new products; our dependence on significant
customers; our dependence on significant vendors; dependence on contract
manufacturers for the assembly of a large portion of our products in
Asia; our ability to protect intellectual property; our ability to
recruit and retain quality employees as the Company grows; our
dependence on third parties for sales outside the United States,
including Australia, New Zealand, Europe, Latin America and Asia; the
economic and political conditions in the United States, Australia, New
Zealand, Europe, Latin America and Asia; marketplace acceptance of new
products; risks associated with foreign operations; the availability of
third-party components at reasonable prices; price wars or other
significant pricing pressures affecting the Company's products in the
United States or abroad; risks associated with potential future
acquisitions; our new line of food safety and oil and gas products will
drive increased adoption by customers; the outcome of the lawsuit
between TransAct and Avery Dennison Corporation; and other risk factors
detailed from time to time in TransAct's reports filed with the
Securities and Exchange Commission. Actual results may differ materially
from those discussed in, or implied by, the forward-looking statements.
The forward-looking statements speak only as of the date of this release
and the Company assumes no duty to update them to reflect new, changing
or unanticipated events or circumstances.
Copyright Business Wire 2014