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TransAct Technologies Incorporated to Showcase Premier Printrex Color Printers for the Oil and Gas Industry at the Offshore Technology Conference in Houston
|By Business Wire
|May 1, 2014 07:31 AM EDT
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, will showcase
its premier color printers for the oil and gas industry, the Printrex®
920 and Printrex® 980, at the Offshore Technology Conference (“OTC”), to
be held at Reliant Park in Houston, Texas on May 5-8, 2014. The color
printers, which will be on display in Booth #2900 (Hall D), provide
solutions unique to the complexities of analyzing both seismic data and
oil wells during all phases of exploration and production.
"TransAct is pleased to be at OTC and to showcase our color printers,
which we believe are the best on the market for the oil and gas
industry," said Bart Shuldman, CEO of TransAct Technologies. "Our
printers provide a much needed solution that makes analyzing printed
seismic and well logs much easier."
The Printrex 920, the most innovative product of its kind on the market,
was developed specifically for use in the oil field. Crucial information
needed for finding oil and gas is captured in clear and detailed color
printouts, allowing for accurate, real-time analysis and decision-making
at the well site. In addition, the printer is designed to withstand the
harsh environments of remote locations.
The Printrex 920 utilizes thermal technology which allows it to print in
color and black-and-white without ink cartridges or ribbons, making the
need for supplies obsolete. In addition, it is the same size as various
existing Printrex black-and-white printers, eliminating the need for any
The Printrex 980 color office printer from TransAct Technologies is the
industry’s fastest full-color inkjet printer, printing continuous well
logs at the rate of eight inches per second. The clarity and resolution
of full-color output presents data in an accurate and easy-to-read
format for timely analysis. Designed specifically for use in the oil and
gas industry, the Printrex 980 outputs continuous forms and is the
industry’s most reliable printer. Compared to other technologies, the
Printrex 980 has the lowest Total Cost of Ownership (TCO).
In addition to the Printrex 920 and Printrex 980, TransAct Technologies
will also be showcasing the Printrex 1242, the industry’s fastest
12-inch seismic and well-logging printer. Designed for desktop use, the
1242 boasts a printing speed of 4 inches per second.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated 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 and gaming, lottery, food safety,
banking, point-of-sale, hospitality, oil and gas, 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®,
RESPONDER, Epic, EPICENTRAL® and Printrex® product brands. TransAct
distributes its printers and terminals through OEMs, value-added
resellers, selected distributors, and direct to end-users. TransAct has
over 2.5 million printers and terminals 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 consumable 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.
Printrex is a registered trademark of TRANSACT Technologies
Incorporated. ©2014 TRANSACT Technologies Incorporated. All rights
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; 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; our new line of food safety and oil and gas products will
drive increased adoption by customers; 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.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
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