Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.97 -34.49 -0.83%
Ticker Volume Price Price Delta
STOXX 50 3,201.12 25.15 0.79%
FTSE 100 6,716.72 41.98 0.63%
DAX 9,613.07 68.88 0.72%
Ticker Volume Price Price Delta
NIKKEI 14,404.99 -141.28 -0.97%
TOPIX 1,164.90 -8.91 -0.76%
HANG SENG 22,562.80 53.16 0.24%

TransAct Technologies Announces Its Printrex 920 Printer Approved for Use With the Warrior Data Acquisition System



TransAct Technologies Announces Its Printrex 920 Printer Approved for Use With
the Warrior Data Acquisition System

HAMDEN, Conn., Feb. 13, 2013 (GLOBE NEWSWIRE) -- TransAct Technologies
Incorporated (Nasdaq:TACT), a global leader in market-specific solutions,
including printers, terminals, software and other products for
transaction-based and other industries, today announced that its new Printrex
920 – the first full-color printer/plotter designed from the ground up to
perform in the adverse environment of a logging truck or off-shore platform
for oil and gas exploration – has been approved for use with the Warrior 8
Data Acquisition System from Scientific Data Systems, Inc. ("SDS"), one of the
largest suppliers of data acquisition systems for use in oil and gas
exploration and production markets.

"Today's approval is a major step forward for TransAct and the introduction
into the oil and gas exploration market for our new Printrex 920 color thermal
printer," said Bart C. Shuldman, Chairman and Chief Executive Officer of
TransAct Technologies. "The industry's desire for color logging reports in the
field is now a reality and our reputation as a top-flight and reliable printer
supplier to the oil and gas industry makes the Printrex 920 an ideal
complement for the Warrior Data Acquisition System. The Data Acquisition
System components must be capable of surviving in the harsh environments of
the well site, and it requires a printer that can also withstand the rigors of
trucking and offshore platforms. The Printrex 920 is not only built to last,
its innovative color printing solution including the ability to print without
cartridges or ribbons provide the consumer with a true color solution."

SDS's Warrior Logging software is responsible for data monitoring and logging,
and its Data Acquisition System consists of a tool interface and power supply
panel, computer, printer and optional depth, line speed, line weight panel and
perforating power supply. The Data Acquisition Systems are used in exploration
and production job site locations around the world (both on and off-shore) and
are used specifically for Cased Hole, Open Hole, Slick Line Memory and LWD
applications.

The Printrex 920 is the first color thermal printer designed specifically for
the oil and gas well logging market, built with rugged reliability and to
perform in the adverse environment of a logging truck or offshore
platform. Printrex 920 uses ZINK® Zero Ink® – an amazing new way to print in
full color without ink cartridges or ribbons – and can also print in black and
white on standard thermal paper. The printer is available in both desktop and
rack-mount configurations, and provides an easy path to upgrade existing
logging systems to full color. 

About TransAct Technologies Incorporated

TransAct Technologies Incorporated (Nasdaq:TACT) is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries. These
industries include casino, gaming, lottery, banking, kiosk, point-of-sale,
food safety, hospitality, oil and gas, and medical and mobile. 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
and products are designed from the ground up based on market specific
requirements and are sold under the Ithaca®, Epic, EPICENTRAL® and Printrex®
product brands. TransAct distributes its printers through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has over
2.4 million printers installed around the world. TransAct is also committed to
providing world-class printer service, spare parts, accessories and printing
supplies to its growing worldwide installed base of printers. 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, government and oil and gas
exploration 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,
please visit http://www.transact-tech.com or call 203.859.6800.

The TransAct Technologies, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10061

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
contract manufacturers 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; risks associated with potential future acquisitions;
the outcome of the lawsuit between TransAct and Avery Dennison Corporation;
and other risk factors detailed from time to time in TransAct's 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.

CONTACT: TransAct Technologies Incorporated
         Steven DeMartino, President and Chief Financial Officer
         203-859-6810
        
         ICR Inc.
         William Schmitt
         203-682-8200

TransAct Technologies, Inc. Logo
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement