TransAct Secures BOHA!® Solutions Upgrade for Existing Food Service Customer

Rhea-AI Summary

TransAct Technologies (Nasdaq: TACT) has announced a significant upgrade order for its BOHA! Solutions from an existing food service customer. The customer will implement the BOHA! Temp app across over 1,000 locations by the end of December 2022, transitioning from paper-based HACCP procedures to a digital management system. This upgrade is expected to enhance temperature management and provide real-time insights, improving operational efficiency. TransAct aims to assist food service operators in streamlining back-of-house operations with its integrated BOHA! platform, which combines various applications for food safety and management.

Positive

• Secured upgrade order from existing customer for BOHA! Solutions.
• Customer to deploy BOHA! Temp app in over 1,000 locations, enhancing operational efficiency.
• Transition from paper-based HACCP to digital management improves temperature monitoring.

Negative

• None.

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 that it has secured a BOHA!^® Solutions upgrade order from an existing food service customer. The customer, a BOHA! Terminal user, will be rolling out the BOHA! Temp app to over 1,000 locations in addition to their current deployment. The company expects to be fully deployed by the end of December 2022.

The customer will be using the BOHA! Temp app to manage their current HACCP procedures. The deployment will allow the customer to eliminate their existing paper-based temperature checklist and give them insights into their temperature management process, allowing for real-time adjustments and updates.

“Our BOHA! Temp App will be bringing another customer into the 21^st century by allowing them to dispose of their inefficient paper management system, and replace it with our state-of-the-art digital checklist that also gives them access to valuable business intelligence. TransAct’s industry leading BOHA! Solutions gives any food service operator the tools necessary to save time and labor on their fresh food initiatives. We look forward to deploying our BOHA! Temp App and continuing to work with the customer to solve back of house operational challenges with BOHA!” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies.

BOHA! is the first single-vendor solution to combine applications for Food Safety Labeling, Temperature Monitoring of Food and Equipment, Inventory Management, Timers, Food Recalls, Checklists & Procedures, Equipment Service Management and Delivery Order Management in one 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.

For more information on the Company’s BOHA! ecosystem, please visit www.transact-tech.com/m/restaurant-solutions/

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, , 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. ©2021 TRANSACT Technologies Incorporated. All rights reserved.

Forward-Looking Statements

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 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 and introduce new products and the acceptance of such products in the marketplace; 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; the risk that our new line of food safety and oil and gas products will not drive increased adoption by customers; and other risk factors detailed in TransAct's Annual Report on Form 10-K and other 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210407005245/en/

FAQ

What is the significance of the recent BOHA! Solutions upgrade order for TACT?

The upgrade order is significant as it reflects customer satisfaction and confidence in TransAct’s BOHA! Solutions, leading to increased deployment across over 1,000 locations.

When will the BOHA! Temp app be fully deployed?

The BOHA! Temp app is expected to be fully deployed by the end of December 2022.

How does the BOHA! Temp app improve food service operations?

The BOHA! Temp app replaces inefficient paper management systems with digital solutions, allowing real-time adjustments and enhanced temperature management.

What does the BOHA! platform offer to food service companies?

The BOHA! platform integrates various applications for food safety, temperature monitoring, inventory management, and more, offering a comprehensive solution for back-of-house operations.