Average Annual Recurring Revenue Per Unit is Estimated to be at least $650 per year.

HAMDEN, Conn.–(BUSINESS WIRE)–Aug. 4, 2020– TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced that it has secured new BOHA! agreements with ten small- and mid-market operators. These new customers include fast casual, full service, and convenience store concepts, showcasing the flexibility of TransAct’s industry leading BOHA! solutions. The company expects to deploy 74 new BOHA! terminals with an Average Annual Recurring Revenue Per Unit of at least $650.

“The value and adaptability of our BOHA! ecosystem continues to be proven by the wide range of operators who see the obvious cost and operational benefits provided by our system,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Food Service concepts of every stripe and size can see real, day-to-day improvements in their work flows and productivity when they implement our suite of BOHA! solutions. These new customers represent vastly different concepts, from breweries to catering, proving that no operator is too small or too niche for our BOHA! ecosystem.”

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one integrated platform. Each BOHA! solution combines cloud-based SaaS applications with hardware and accessories to deliver superior results for critical back-of-house operations. BOHA! offers a one-stop solution for restaurants and food service companies to address their current back-of-house operating requirements while providing a future-ready platform capable of addressing back-of-house operations. BOHA! Terminal TEMS ensures only approved apps and functions are available on the device.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

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 service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 million printers and terminals 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.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019 TRANSACT Technologies Incorporated. All rights reserved.