HAMDEN, Conn., Oct. 11, 2011 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific printers for transaction-based industries, today announced the unveiling of two new BANKjet printers at the BAI Retail Delivery 2011 in Chicago. Both printers will utilize thermal printing technology, which will enable banks to print deposit receipts at the teller station for their customers with the check image on the receipt, thus enhancing the experience for bank customers.
BANKjet T380 – Printing at 12 Inches per Second, Second to None – At 12 ips, the BANKjet T380 is the fastest text and graphics teller-station printer in the industry. The extra large, four-inch drop-in paper roll maximizes uptime and allows for more prints between paper roll changes. The T380 has an ergonomic, space-saving internal power supply keeping the teller station free of clutter. It comes with a USB interface standard, plus an optional choice of second interface for connection to existing bank teller station platforms.
BANKjet T480 – Stacking Bank Receipts – The BANKjet T480 is the first teller-station printer in the industry to print and stack multi-check deposit receipts – complete with the image of the check. Instead of a receipt that could easily run anywhere from 12 to 24 inches long, the T480 prints multiple receipts and neatly stacks them on the printer for easy handling by the bank teller operator. An extra large paper roll capacity allows for either a 4, 6 or 7.5 inch roll, which maximizes uptime and means more check image receipts between paper changes. The T480 has a space-saving internal power supply minimizing clutter at the teller station while using a standard USB 2.0 connection for convenience.
"The BANKjet T380 and T480 printers are the next step in providing innovative solutions for both the bank teller and the customer," said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. "Both printers enable the customer to receive deposit receipts with check images, a first for customers that bank at teller stations. In addition, the T480 will allow customers who normally deposit multiple checks per teller visit (such as store owners) to print multiple wallet-size receipts with check images instead of one very long receipt. Banks can now offer the same experience their customers receive at the ATM, in terms of receiving images of the checks they have deposited, inside the bank at the teller station."
Both the BANKjet T380 and T480 printers will be on display and available for demonstration at the BAI Retail Delivery 2011 in Chicago, Illinois from October 11-13 at TransAct's exhibitor booth #1015. For further information, please visit TransAct's website at http://www.transact-tech.com.
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.
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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, the Company's ability to successfully integrate the Printrex business with its existing operations, 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.