HAMDEN, Connecticut – 1 July, 2019: 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 its first ever agreement to deploy the Company’s BOHA!™ solution in the Asia-Pacific market as well as with an operator in the casino gaming industry. The new agreement, with a leading Macau casino resort, will include the BOHA! Labeling SaaS-based app and TransAct Enterprise Management System (TEMS) as well as the sale of 100 BOHA! Terminals for deployment in all of the casino resort’s kitchens. The Company will also sell its TransAct Labels specifically designed to work with the thermal printers featured in the BOHA! Terminal.
TransAct believes the annual recurring average revenue per unit (“ARPU”) related to this BOHA! solution agreement will be at least $1,200 per year. The BOHA! solution rollout at the property is expected to occur over the next three to four months.
Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “In a very short period of time following its introduction in March, our revolutionary BOHA! SaaS-based software and hardware ecosystem is quickly gaining traction across restaurant and foodservice operations of all types and sizes. Given the variety of menu offerings and many different restaurant venues featured in a large-scale casino resort environment, this agreement to deploy BOHA! in all kitchens at a leading Macau casino resort speaks very highly to the flexibility and advantages offered by our industry-unique solution. This agreement also provides evidence of the global market opportunity that exists for BOHA! as well as our ability to leverage our leading market position in the casino gaming industry as we begin to execute on what we believe are a number of cross-selling opportunities. We have a clear vision for how BOHA! can revolutionize back-of-house automation for restaurant and foodservice operators around the world and with each new agreement this vision is becoming clearer as we execute on opportunities that can generate solid initial hardware sales and deliver growing attractive annual and recurring revenue.”
BOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Food and Equipment, Timers, Food Safety Labeling, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Management in one fully-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 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 as they continue to evolve. BOHA! Terminal includes TEMS (TransAct Enterprise Management System) to ensure only approved apps and functions are available on the device.
For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including restaurant solutions, POS automation, casino and gaming, lottery, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.3 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. ©2019 TRANSACT Technologies Incorporated. All rights reserved.
