HAMDEN, Conn., May 17, 2011 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced that its Epic 950® printer was selected exclusively by the Galaxy Macau™ in Cotai for all of the 1,100 slot machines featured on the casino floor which opened on May 15, 2011.
"We are very pleased with this exclusive win, which provides further confirmation that the Epic 950® printer is the most in-demand Ticket-In, Ticket-Out (TITO) printer available on a global scale," said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. "The Epic 950® contains the best technological features and provides operations with maximum flexibility for their slot floors. It is a highly reliable and robust printer which offers numerous advanced features including quick disconnect, reliable ticket burst and present, paper low ticket sensing, the ability to print in Chinese characters, and an easy upgrade path to promotional coupon printing through our patented ServerPort technology and the Epicentral Print System™. We are excited to have the Epic 950® chosen by Galaxy Entertainment Group for the Galaxy Macau and look forward to working with them to capitalize on all the features the Epic 950® offers."
"Galaxy Macau is pleased to have TransAct Technologies as its exclusive provider of TITO printers for its slot machines," said Peter Johns, Vice President, Electronic Games for Galaxy Macau. "TransAct has established itself as a leading supplier in the Macau marketplace in terms of product performance, excellent local service and support, and we are happy to be working with them as we open the brand-new Galaxy Macau and show the world what 'World Class, Asian Heart' is all about."
About TransAct Technologies Incorporated
TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include casino, gaming, lottery, banking, kiosk and point-of-sale. 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 are designed from the ground up based on market specific requirements and are sold under the Ithaca® and Epic product brands. TransAct distributes its printers through OEMs, value-added resellers, selected distributors, and direct to end-users. TransAct has over two million printers installed around the world. TransAct is committed to world-class printer service, spare parts and accessories required by a growing worldwide installed base of printers. Beyond printers, TransAct is a leader in providing printing supplies to the full transaction printer market. Through its TransAct Services Group, TransAct provides a complete range of supplies and consumables items used in the printing and scanning activities of customers in the hospitality, banking, retail, gaming and government 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 on TransAct, visit http://www.transact-tech.com or call 203.859.6800.
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; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; dependence on significant vendors; dependence on a sole source contractor manufacturer for the assembly of a large portion of our products in China; the ability to protect intellectual property; the ability to recruit and retain quality employees as the Company grows; dependence on third parties for sales outside the United States, including Australia, New Zealand, Europe, Latin America and Asia; 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; availability of third-party components at reasonable prices; price wars or other significant pricing pressures affecting the Company's products in the United States or abroad; and risks associated with potential future acquisitions. 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.