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Last $7.21 USD
Change Today -0.29 / -3.87%
Volume 24.8K
TACT On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
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Company Description

Contact Info

One Hamden Center

2319 Whitney Avenue

Suite 3B

Hamden, CT 06518

United States

Phone: 203-859-6800

Fax: 203-949-9048

TransAct Technologies Incorporated designs, develops, and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The company focuses on the following markets: food safety, banking and point-of-sale (POS), casino and gaming, lottery, and Printrex (which serves the oil and gas, medical and emergency vehicle markets). The company sells its products to original equipment manufacturers (OEMs), value-added resellers (VARs), selected distributors, as well as directly to end-users. Through its Webstore, www.transactsupplies.com, and its direct selling team, the company addresses the on-line demand for these products. Products, Services and Distribution Methods Printers and terminals The company designs, develops, assembles and markets an array of transaction-based and specialty printers and terminals utilizing inkjet, thermal and impact printing technology for applications, primarily in the food safety, banking and POS, casino and gaming, lottery, oil and gas, medical, and emergency vehicle markets. In addition to its configurable printers and terminals, the company designs and assembles custom printers for certain OEM customers. In collaboration with these customers, the company provides engineering and manufacturing expertise for the design and development of specialized printers. Food safety, banking and POS: During 2012, the company developed a food safety terminal, a hardware device that consists of a touchscreen and one or two thermal print mechanisms that prints easy-to-read expiration and ‘enjoy by’ date labels to help restaurants effectively manage food spoilage. The company’s banking and POS printers include optional configurations that can be selected to meet particular customer needs. In the banking market, the company sells printers that are used by banks, credit unions and other financial institutions to print receipts, and/ or validate checks at bank teller stations. In the POS market, the company sells various models of printers utilizing inkjet, thermal and impact printing technology. The company’s printers are used primarily by retailers in the restaurant (including fine dining, casual dining, and fast food), hospitality, and specialty retail industries to print receipts for consumers, validate checks, or print on linerless labels or other inserted media. In the POS market, the company primarily sells its products through a network of domestic and international distributors and resellers. The company uses an internal sales force to manage sales through its distributors and resellers, as well as to solicit sales directly from end-users. In the banking market, the company primarily sells its products directly to end-user banks and financial institutions through the use of its internal sales force. Lottery: The company supplies lottery printers to Lottomattica’s GTECH Corporation (GTECH), a provider of lottery terminals. These printers are designed for high-volume, high-speed printing of lottery tickets for various lottery applications. Casino and gaming: The company sells various models of printers used in slot machines and video lottery terminals (VLT’s) and other gaming machines that print tickets or receipts instead of issuing coins (‘ticket-in’, ‘ticket-out’ or ‘TITO’) at casinos, racetracks (racinos) and other gaming venues worldwide. These printers utilize thermal printing technology and can print tickets or receipts in monochrome or two-color (depending upon the model), and offers various other features, such as jam resistant bezels and a dual port interface that enables casinos to print coupons and promotions. In addition, the company sells printers using thermal printing technology for use in non-casino establishments, including game types, such as Amusements with Prizes (AWP), Skills with Prizes (SWP), Fixed Odds Betting Terminals (FOBT) and other off-premise gaming type machines worldwide. The company sells its products primarily to slot machine manufacturers, who incorporate its printers into slot machines, and in turn, sell completed slot machines directly to casinos and other gaming estab

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