FutureLogic celebrates 25 years in business
This year FutureLogic Inc. will mark a milestone in the thermal printing industry, celebrating 25 years in business. Founded in 1983, FutureLogic began doing business as an electronic design consulting business, and created its first custom printer for the medical device market in 1995. FutureLogic printers also helped facilitate the development of supermarket couponing systems that are used to retain and reward shoppers. Today the company designs and manufactures thermal printers for casino gaming, medical, RTAL, gas pumps, promotional equipment, kiosk, and industrial applications.
In the gaming industry, FutureLogic has been setting performance standards since 1999 – winning 10 industry awards in the past three years. FutureLogic developed and launched the first TITO gaming printer, in collaboration with IGT designers, for the introduction of EZ-Pay, and today has more than 900,000 printers installed across the Americas, Europe, Africa, Asia and Australia.
Although TITO technology has been widely adopted in U.S. casinos and some countries around the world, it is still a developing market in other parts of the world. One of the company challenges has been to ensure that those regions receive the engineering, technical service and regulatory support that has made FutureLogic the leader in gaming printers worldwide. FutureLogic International has enjoyed significant growth over the last five years and market penetration in Europe and Asia has exceeded all expectations. The company has also grown operations in Latin America, and recently expanded operations with a sales, service and distribution center in Macau.
In addition to establishing engineering and technical service operations in key markets around the world, FutureLogic is working hard at developing new technologies and implementing emerging OEM design requirements. The company also participates in the development of communication standards and reference designs, sits on the Board of Directors, and chairs the GSA’s GDS (Gaming Device Standards) committee.
FutureLogic anticipates continued growth in the global gaming market and is positioned to deliver the engineering expertise, local support and exceptional customer service required to advance the evolution of cashless technology. The article will take a look back at the history of TITO, and present a view to the future of cashless gaming – from the perspective of a critical peripheral component manufacturer.