Hamden, CT – April 12, 2017 – 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 ilani, Washington State’s newest gaming entertainment destination developed by Salishan-Mohegan LLC in conjunction with the Cowlitz Indian Tribe, has selected TransAct’s industry-leading Epic 950® as its ticket-in/ticket-out (“TITO”) printer of choice. The Epic 950 will exclusively power the printing needs of the 2,500 slot machines on ilani’s 100,000 square foot casino floor when it opens in late Spring 2017.
The Epic 950 is the global casino industry’s TITO printer of choice thanks to the combination of its proven reliability and TransAct’s unmatched customer support. With a worldwide installed base of more than 500,000 units, the Epic 950’s TicketBurst™ technology eliminates player/ticket interference and reduces attendant calls, allowing for more efficient slot floor operations. Additionally, the award-winning Epic 950 is easily integrated into all game types and is fully compatible with TransAct’s Epicentral promotion and bonus print system.
“TransAct is excited to support ilani with our Epic 950 gaming device printer as the Cowlitz tribe and their development partners prepare to open their beautiful new casino later this month,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. “With our history of powering the printing needs of casino floors throughout Washignton, ilani is the latest to recognize that our proven TITO printer will drive a strong investment return while providing a path for potential future upgrades. Furthermore, ilani will greatly benefit from the Epic 950’s quality and reliability as well as our unmatched customer support.”
Jeff Walker, Vice President of Gaming Operations at ilani, added, “Throughout the development of ilani, Washington’s premier gaming entertainment destination, we have sought to work with partners that can support our goal of creating the region’s newest, most innovative casino floor. As we looked to select a TITO printing vendor to power the latest assortment of slot gaming options at ilani, TransAct’s Epic 950 was a no brainer, particularly as our team has deep experience with the Epic 950’s advanced technology, functionality and reliability. We believe installing the Epic 950 in our 2,500 slot machines will allow our team to be more efficient, give us access to TransAct’s world class customer support and provide us with the long-term option to deploy Epicentral as we deliver a leading-edge casino gaming experience for our guests.”
ilani, located in Ridgefield, Washington off Interstate 5 and developed by Salishan-Mohegan LLC in collaboration with the Cowlitz Indian Tribe, will feature a 100,000 square foot gaming floor with 2,500 slots and 75 gaming tables. Serving the greater Portland metropolitan area, ilani will offer a premier gaming, dining, entertainment and meeting destination with 15 restaurants, bars and retail outlets as well as a 2,500-seat meeting and entertainment venue.
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 safety, 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.
Epic is a registered trademark of TRANSACT Technologies Incorporated. ©2017 TRANSACT Technologies Incorporated. All rights reserved.
Located on a 156-acre site near La Center, Washington, ilani, developed by the Cowlitz Tribe and Salishan-Mohegan, a partnership that includes Mohegan Sun, one of the world’s foremost gaming and entertainment developers and operators, is the West Coast’s premier gaming, dining, entertainment and meeting destination. With 368,000 total square feet, ilani includes 100,000 square feet of gaming space with 2,500 slots and 75 gaming tables; 15 different restaurants, bars and retail outlets; and a 2,500-seat meeting and entertainment venue hosting nationally recognized performances. ilani is slated to open in late spring 2017. For more information, visit www.ilaniresort.com and follow ilani on Facebook, Twitter and Instagram.
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.
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Steve DeMartino Richard Land, Joseph Jaffoni, Jim Leahy
President and Chief Financial Officer JCIR
TransAct Technologies Incorporated 212-835-8500 or firstname.lastname@example.org