15 June 2007 15/6/07 - FutureLogic Responds to the TransAct Claim
FutureLogic, Inc., a leading manufacturer of thermal printers for the gaming, parking, POS, medical and agricultural industries, responded today to the filings on June 12, 2007 by TransAct Technologies Incorporated.
“The new filings by TransAct are a continuation of the disputes that have existed in Federal Court between the two companies for some time now. We believe that this most recent action will result in no interruption in the sales or shipments of FutureLogic’s award-winning GEN2™ printers” said John Hilbert, Futurelogic’s VP of Systems Development and Intellectual Property. “The industry can be assured that FutureLogic will defend this matter vigorously, including exploring all legal rights and remedies available to us to protect our products, technology, brand and our customers’ interests.”
15 June 2007 15/6/07 - TransAct Technologies charges futurelogic with patent infringement for dual port Technology.
TransAct Technologies Incorporated (NASDAQ: TACT), a leading producer of transaction-based printers for customers worldwide, today announced it has filed a counterclaim charging FutureLogic, Inc. with patent infringement of U.S. Patent 6,924,903 in the United States District Court, Central District of California. TransAct also filed a motion for preliminary injunction to stop FutureLogic from making, using, selling, offering for sale or importing dual port printers including the GEN2 Universal printer.
Bart C. Shuldman, Chairman, President and Chief Executive Officer of TransAct Technologies, said, “TransAct has established itself as an industry leader in part due to our track record of bringing new, innovative technologies to the market. We have invested significant resources into our patented dual port technology and are taking the appropriate actions to protect our patented intellectual property.”
15 June 2007 15/6/07 - Company enters into contract with established global gaming distributor
VendingData(TM) Corporation has announced that it has signed an agreement with Advanced Electronic Systems ("AESI"), recently merged with privately-held Suzo-Happ Group, the leader in providing innovative solutions and high technology peripheral devices to the gaming marketplace with sales and support staff totaling over 100 in the Americas and Europe. The agreement grants AESI the exclusive right to market and distribute VendingData products within North, Central and South America as well as South Africa, Europe and the Russian Federation.
The rolling two-year agreement, which carries an automatic renewal clause, gives AESI an exclusive, non-transferable right to promote, sell, distribute, service and support VendingData(TM) products as well as to appoint mutually agreed sub-distributors in the Americas, Europe and the Russian Federation as well as the non-exclusive right to market, distribute and service VendingData(TM) products in the Caribbean. The initial order to be shipped to AESI will consist of 25 units each of ShufflePro, RandomPlus, and Deck Checker with an additional order of a minimum of 25 units of each product no later than January 31, 2008. AESI also agreed not to manufacture, service or distribute any products that compete with the VendingData(TM) products for the life of the agreement.
Established in 1955, Suzo International merged with Happ Controls in December 2004 and Advanced Electronic Systems Inc in 2006 to become the global leader in the manufacture and distribution of gaming and amusement parts and accessories. With over 400 employees globally in 18 locations serving customers in over 80 countries, the company generates sales of approximately $150 million annually.
"We entertained partnership opportunities with a number of gaming distributors before we arrived at a decision to enter into contract with AESI and its affiliate companies. We believe we have chosen a company that is committed and highly focused on sales and technical support with impressive distribution capabilities," commented Mark Newburg, president and CEO of VendingData(TM) Corporation. "AESI will provide complete support for all our products including on site training, repair services, field technical support, troubleshooting, installation, maintenance, pick up and delivery service, and a direct exchange program. AESI provides 24/7 same day support via an integrated highly trained team of sales people, field technicians and repair technicians."
"We are proud to have one of the most highly acclaimed product distribution and support systems in the Gaming Industry. Our customer centric sales and service reputation are clear reasons why VendingData chose AESI and affiliates to distribute and service their products around the world," commented Jim Brendel, president of AESI's gaming division. "We are excited about the opportunity to expand our existing product line offerings to include these table games peripheral products and look forward to launching the ShufflePro and other new products with VendingData over the upcoming year."
14 June 2007 14/6/07 - EELEX: 16th anniversary of gaming's 3rd largest event
This year, on October 3-5, will see the 16-th anniversary of the world’s 3-d biggest trade show EELEX, one of the central events in the gaming and entertainment industry. In 2007, EELEX is a must more than ever. After “the wild market era” gaming industry in Russia is trying the taste of “real things”, it has a strong legislative base and is ready for the next slot boom at the background of an unbelievable economic rise in the country.
EELEX: a great gaming venue
The unique potential and perspectives of the Russian gaming market are astonishing: it has 400 000 gaming machines half of which needs to be replaced or exchanged, thus a huge demand for new ones. Russia remains a great retail, stock and used equipment market with unique products diversity and highly flexible offers from local producers and distributors. Russia is a crucial part of CIS countries consolidated market including an incredibly blooming market of the Ukraine. The 4 selected gaming zones inside Russia soon will need more equipment – from on-line systems to accessories. Russian operators themselves are energetically exploring the markets of Latin America, Africa and Europe thus taking an active part in the world’s global business process.
EELEX headlines amusement industry
In the entertainment sphere the situation is also extremely promising: hundreds of 100 000 – 500 000 population cities in Russia require new spaces and equipment for amusement activities; hundreds of being-built and already finished trade centers across the country are willing to serve as bases for amusement locations with a great increase of demand for all kinds of equipment. Soon there will be much more such locations – from tiny “family” centers to huge amusement parks.
EELEX rules!
So, what is EELEX and why it is important to be there? It is an ideal meeting place for the industry elite at the world class Crocus Expo Center in Moscow – one of the most dynamic world’s capitals to date. It is hundreds of exhibitors, countless chances to make new and revive the old business contacts, fantastic parties and, of course, a matter of prestige.
A Congress during the Expo will introduce governors of the 4 country regions recently selected as special gaming zones – the so-called “Russian Las-Vegases”; there the industry experts will speak of the gaming legislation aspects in Russia.
It goes without saying that the Russian gaming and amusement industry is entering a new phase. That’s why it is so important to be at the Russian market today, and EELEX is its key. Being at EELEX means being at the Russian market.
13 June 2007 13/6/07 - Suzo Appears on TV as money handling expert
Suzo International has a wealth of experience in the distribution and manufacturing of specialised spare parts. Therefore, when Dutch TV channel RNN7 was looking for a focus for their “Money and Finance” section, they turned to Suzo. Marc Aarts, Suzo International Sales Manager for the Benelux, explains, “Being a Dutch company with over 50 years of experience, we are well-known with the media. Therefore, it was our pleasure to accept RNN7’s invitation to give specialized information on this topic”.
The topic was actually a focus on counterfeit money and counterfeit detection. Suzo International has a wide range of banknote readers on offering (MEI and Pyramid Technologies) and so has much experience on how banknote readers master counterfeit rejection. Furthermore, Suzo International also offers a range of banknote detectors (for example for the retail market) with its own range of products CatCoin. “The combination of offering banknote readers and banknote detectors makes us the ideal candidate to inform the public on counterfeit detection”, Marc stated.
Marcel Oelen, Suzo International’s Managing Director stated, “It was a pleasure to have RNN7 as our guest. My thanks also go to Marc Aarts who represented us. Now we have our own TV star within the company!”
