|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 retrofit.
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 reserved.
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.