TRANSACT SIGNS DEAL WITH GTECH
TransAct Technologies has signed a new exclusive agreement with GTECH, a wholly-owned subsidiary of Lottomatica Group S. p. A., to provide the company with next-generation thermal lottery printers.
The agreement provides that GTECH exclusively purchase all of its requirements for thermal on-line lottery printers from TransAct and that TransAct agrees to exclusively sell such printers to GTECH. The exclusivity will run for four years from the start of production of the new printer, which should commence in the fall of 2010.
“We have enjoyed a great relationship with GTECH over the past 15 years and we are very pleased to be extending that relationship,” said Bart C. Shuldman, chairman, president and chief executive officer of TransAct Technologies. “We believe this is our best design yet for the demanding worldwide lottery market which incorporates many new technologies and features and are pleased we will be providing it to GTECH, the industry leader.”