Cantaloupe Inc. Unveils Cantaloupe ONE Platform™

Rhea-AI Summary

Cantaloupe, Inc. (NASDAQ: CTLP) has launched the Cantaloupe ONE Platform™, a new platform-as-a-service model designed for autonomous retailers. This innovative model supports businesses by eliminating upfront hardware costs and reducing the risks associated with hardware obsolescence. The service features fixed monthly fees, an initial 36-month commitment, and the flexibility to bundle in additional software services. CEO Sean Feeney highlighted the platform's role in helping retailers adapt to evolving technology needs without significant capital expenditures.

Positive

• Cantaloupe ONE Platform enables zero upfront costs, making it easier for retailers to adopt new technology.
• The platform offers fixed monthly subscription fees, enhancing budget predictability for customers.
• Extended warranty reduces hardware obsolescence risks, providing further security for retailers.
• The platform is gaining significant market traction, indicating strong demand.

Negative

• None.

Platform-As-A-Service Offering Enables Retailers to Future-Proof their Business with No Up-Front Fees

MALVERN, Pa.--(BUSINESS WIRE)-- Today, Cantaloupe, Inc. (NASDAQ: CTLP) (“Cantaloupe” or the “Company”), a digital payments and software services company that provides end-to-end technology solutions for the unattended retail market, announced the launch of the Cantaloupe ONE Platform™. A first-of-its-kind bundled subscription model, Cantaloupe ONE enables autonomous retailers to future-proof their business, eliminate capital expenditures on new hardware, and reduce the risk of hardware end-of-life, with zero up-front fees. The platform is available now and is gaining significant market traction.

“We are thrilled to bring this platform-as-a-service model to our customers and the unattended retail market,” said Sean Feeney, Chief Executive Officer of Cantaloupe, Inc. “We have seen many changes that have placed challenging capital requirements on our operators. Whether it is unpredictability of monthly costs, changing technology landscapes, capital expense on new hardware, hardware evolution over time, and more, this truly is a model that fast-forwards our customers into shaping the next generation of retail.”

The Cantaloupe ONE Platform is available for ePort^® hardware as well as Yoke™ POS, bundled with additional software service offerings. Direct benefits of the Cantaloupe ONE Platform include:

• $0 upfront costs
• Fixed, predictable monthly bundled SaaS fees
• Reduced risk of hardware obsolescence with included extended warranty
• An initial 36-month commitment period; with M2M or renewal options
• Flexible options to bundle in additional software services

“With rapid advancements in compliance, security, and technology, our customers are experiencing technology upgrades at a quicker pace than ever before,” said Jeff Dumbrell, Chief Revenue Officer, Cantaloupe, Inc. “Our Cantaloupe ONE Platform provides the marketplace with a simple and affordable way to get the latest technology, empowering customers to future-proof their businesses through a service-driven model tailored to their unique needs. This frees them up to focus on growing their business while ensuring they have the best technology to increase sales, engage consumers, and run an efficient operation.”

To learn more about how easy it is to get started on the Cantaloupe ONE Platform with new ePort cashless devices click here, for Yoke POS click here, or contact sales directly at +1 (800) 770-8539, or email sales@cantaloupe.com.

Useful Links:

Cantaloupe: https://www.cantaloupe.com/

Blog: https://www.cantaloupe.com/blog/

Podcast: https://www.cantaloupe.com/urtechinsiders/

LinkedIn: https://www.linkedin.com/company/cantaloupeinc/

Resource Center: https://www.cantaloupe.com/resources/

Twitter: https://twitter.com/cantaloupeinc_

YouTube: https://www.youtube.com/channel/UCTGQNcXUydcOHLZiuIEPuaw

About Cantaloupe Inc.

Cantaloupe, Inc. is a software and payments company that provides end-to-end technology solutions for the unattended retail market. Cantaloupe is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising, and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more can run their businesses more proactively, predictably, and competitively.

-- G-CTLP

Source: Cantaloupe Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220323005048/en/

Media and Investor Relations Contacts for Cantaloupe, Inc:

Sarah Toomey

RH Strategic Communications

stoomey@rhstrategic.com

Investor Relations:

ICR, Inc.

CantaloupeIR@icrinc.com

Source: Cantaloupe Inc.

FAQ

What is the Cantaloupe ONE Platform from Cantaloupe, Inc.?

The Cantaloupe ONE Platform is a bundled subscription model designed for autonomous retailers, offering zero upfront costs and a predictable monthly fee structure, while reducing hardware risks.

What are the key benefits of the Cantaloupe ONE Platform?

Key benefits include $0 upfront costs, fixed monthly fees, reduced hardware obsolescence risk with an extended warranty, and options for additional software services.

How does Cantaloupe's new platform help retailers?

The platform allows retailers to future-proof their business by providing access to the latest technology without the burden of significant capital expenditures.

When was the Cantaloupe ONE Platform launched?

The Cantaloupe ONE Platform was announced on March 23, 2023.

What is the stock symbol for Cantaloupe, Inc.?

The stock symbol for Cantaloupe, Inc. is CTLP.