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USA Technologies Celebrates 20 Years of Leadership and Innovation During NAMA ShowThe NAMA Show - Today, USA Technologies (NASDAQ:USAT) ("USAT"), a premier digital payment, consumer engagement and logistics service provider for the self-service retail market, marked the 20th anniversary of the debut of the ePort which was first unveiled at NAMA in 1999, bringing one of the first cashless payment platforms to the self-serve retail industry. With an eye toward USAT's continued leadership in innovation, USAT branded its booth, "Powering Your Unattended World," and showcased new technologies, partnerships and research throughout the show. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190426005366/en/ Photo of USAT's NAMA 2019 booth (Photo: Business Wire) "Twenty years ago, we ushered in the era of cashless in the vending market with ePort Connect," said Stephen P. Herbert, CEO of USA Technologies. "Since then, USAT has been at the helm of industry innovation, a change agent powering cashless adoption industry-wide. Early on, we began to recognize the benefits and opportunities possible through cashless technologies. USAT has since grown to support over 15,000 customers and approximately one million connections. We believe we have one of the largest NFC mobile footprints in the US retail market. We were excited to celebrate this incredible accomplishment at NAMA and look forward to continuing to drive innovation and shape the self-serve retail marketplace for decades to come." During the show, USAT's booth focused on the strength of its enterprise platform for unattended retail through its booth design and messaging: bringing consumer engagement and rewards, the benefits of both top-line revenue opportunities through digital payments and the bottom-line margin opportunities through increased efficiencies, logistics and merchandising.
"Imperial has been a Seed customer for more than 10 years, and it has completely revolutionized our business," said Lance Whorton President of Imperial Companies. "Through USAT's Seed technology, we can now ensure our machines are full, our routes are growing and our products are targeted to the preferences of consumers. This ensures we are bringing a better experience to our clients and consumers while increasing our top line sales which continue to grow year-over-year-over-year." The NAMA show ran from April 24-26 at the Las Vegas Convention Center, Las Vegas, NV. About USA Technologies USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G-series, ePort Mobile® for customers on the go, ePort® Interactive, and QuickConnect, an API Web service for developers. Through its acquisition of Cantaloupe Systems, Inc. ("Cantaloupe"), the company also offers logistics, dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management solutions. Cantaloupe is a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee services. Useful Links:
USA Technologies: https://usatech.com/ Sales and Partnership Inquiries: Please contact USA Technologies, Inc. at +1 800.633.0340 or [email protected]. Forward-looking Statements: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to USAT or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business, financial, market and economic conditions; the ability of USAT and/or MSU to predict future market conditions and consumer behavior; whether consumers will continue to increase their purchases at vending machines in the future; the extent to which deployment strategies affect return on cashless investment; and the possibility that all of the expected benefits and efficiencies from cashless payment services, including increases in cashless and cash revenue on vending machines in general, and low performing vending machines in particular, and bottom-line margin opportunities will not be realized by all vending operators and on all vending machines or within the expected time period. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. --G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20190426005366/en/ |