Business
TransAct Secures New BOHA! Solutions Order for New Fresh Food Program in Western Region of National Convenience Store Chain
Annual Recurring Review Per Unit is Estimated at $1,400 per year HAMDEN, Conn.--(BUSINESS WIRE)-- TransAct® Technologies Incorporated (Nasdaq: TACT)
About this update from Transact Technologies Incorporated
[{"type":"text","content":"\nAnnual Recurring Review Per Unit is Estimated at $1,400 per year\n\n HAMDEN, Conn.--(BUSINESS WIRE)--\nTransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced a new agreement with a 72 location regional office of a national convenience store chain. The complete system deployment will include the BOHA!™ Labeling SaaS-based app and TransAct Enterprise Management System (“TEMS”) alongside the BOHA! Terminal as well as TransAct specifically designed labels. The BOHA! solution will help TransAct’s customers manage its new fresh food offering. As the fresh food program is expanded to new regions, TransAct will market the BOHA! solution to an additional 2,000 stores.\n\n\nThe BOHA! system will be deployed over the next month to all 72 locations. TransAct estimates the total annual recurring review per unit (“ARPU”) per site will be $1,400 per year. The deployment of BOHA! Labeling will satisfy the customer’s immediate labeling needs made necessary by the new FDA labeling laws as well as date code food safety labels. The Company is also working with the regional operator on the evaluation of additional BOHA! apps for potential deployment at a later time.\n\n\n“Convenience stores are seizing the opportunity to provide their customers with a selection of fresh food as consumer preferences for meals and snacks on-the-go change to favor healthier, less processed options. Our solutions are built to ensure convenience store operators have a simple and reliable way to ensure FDA labeling compliance, food safety and improve productivity for employees managing fresh food offerings,” said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. “Our technology, which is implemented across a wide variety of foodservice models from quick-service restaurants to convenience stores and food service operators has proven to be an integral part of our customers’ business, helping to simplify labor and lower costs. We believe BOHA! Labeling and TEMS will be immensely helpful to these convenience store locations as they work to streamline operations surrounding their new fresh food offering.”\n\n\nBOHA! is the first single-vendor solution to combine applications for Inventory Management, Temperature Monitoring of Foo...