New South Wales Australia Approves Ticket-In Ticket-Out (TITO)
HAMDEN, Conn., May 17 / - TransAct Technologies Incorporated,a leading producer of transaction-based printers for customers worldwide, today announced that the use of ticket-in ticket-out (TITO) technology for printing vouchers at slot machines has been approved in New South Wales, Australia. There are currently over 100,000 slot machines installed in the region. It is expected that most of these machines will either be upgraded or replaced to allow for ticket-in ticket-out functions.
Bart C. Shuldman, Chairman, President and Chief Executive Officer for TransAct commented, "This is big news for TransAct. We're pleased that TITO finally got approved in a market that has been and remains extremely important to TransAct. With a majority share in this market, we believe the rollout should begin to impact our gaming printer sales starting next year. We expect this roll out to continue for approximately four years."
About TransAct
TransAct Technologies Incorporated is a leader in developing and manufacturing market-specific printers for transaction-based industries. These industries include gaming, lottery, POS, kiosk, and banking. 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 are designed from the ground up based on market specific requirements and are sold under the Ithaca® and Epic product brands. TransAct distributes its products through OEMs, value-added resellers, and selected distributors. TransAct has over two million printers installed around the world. TransAct has a strong focus on the after-market side of the business, with a high commitment to printer service, supplies and spare parts. TransAct is headquartered in Hamden, CT. For more information on TransAct, visit www.transact-tech.com/ or call 203.859.6800.
Source: TransAct Technologies Incorporated
Web site: www.transact-tech.com/ http://www.theruthgroup.com/
