Order for 140 WorkStations is expected to generate Annual Recurring Revenue Per Unit of approximately $1,000

HAMDEN, Conn.–(BUSINESS WIRE)–May 11, 2022— 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 its largest BOHA! WorkStation order yet, representing 140 units. The company expects to deploy all 140 WorkStations in the third quarter of 2022.

“I am thrilled to announce this deal with a new customer in the grocery market as we execute on new business opportunities in the Food Service Technology Market. I look forward to welcoming this customer onto our industry leading BOHA! platform and working together to solve their operational challenges,” said Bart C. Shuldman, CEO of TransAct Technologies.

The complete system deployment will initially include the BOHA! WorkStation, BOHA! Labeling software, proprietary BOHA! labels and service. TransAct estimates total annual recurring revenue per unit (“ARPU”) will be approximately $1,000 per year.

BOHA! is the first single-vendor cloud-based enterprise system to combine applications for Food Safety, Date Code and Grab n’ Go Labeling, Temperature Monitoring of Food and Equipment, Checklists & Task Management, Inventory Management, Timers, and Food Recall, 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, convenience stores 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.

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 and POS automation. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, and Ithaca® brands. TransAct has sold over 3.6 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. ©2022 TRANSACT Technologies Incorporated. All rights reserved.