Press release

TransAct Furthers Commitment to Addressing Restaurant Industry Back-of-House Automation Needs with Addition of BOHA!™ Timer to BOHA! Suite of Cloud-Based Apps and Hardware Solutions

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TransAct® Technologies Incorporated (Nasdaq: TACT)
(“TransAct” or “the Company”), a global leader in software-driven
technology and printing solutions for high-growth markets, announced
today the debut of BOHA! Timer, its latest addition to the BOHA!
ecosystem of cloud-based SaaS apps and hardware solutions that are
revolutionizing how restaurant and food service companies manage their
back-of-house operations. Developed as a result of ongoing customer
dialog, the intuitive and easy-to-use BOHA! Timer complements the wide
range of existing BOHA! apps and adds to the value of the Company’s
revolutionary single-vendor solution.

Bart C. Shuldman, Chairman and CEO of TransAct Technologies, said, “The
development and evolution of BOHA! is the result of close collaboration
with customers across the restaurant and food service industry. Our
ongoing conversations have allowed TransAct to best serve the needs of
the industry and led to what is the only single-vendor suite of
integrated software applications and hardware solutions that are
changing the way back-of-house operations are executed in restaurant and
foodservice settings. BOHA!
Timer
, our latest app, is a direct result of this two-way dialog and
a prime example of how a simple idea can be elegantly executed in
software and deployed across our array of hardware offerings. We are
excited to add BOHA! Timer to our BOHA! app lineup and believe that it
takes what is already a fully-featured offering to a whole new level as
it offers yet another way for operators to reduce back-of-house
workloads and drive labor savings.”

BOHA! Timer is an easy to use application that allows back-of-house
staff to create timers on the BOHA! Tablet for cooked, cooled and
prepared food items as well as for non-food items that require time
tracking and tasks such as sanitization and cleaning. Alarms from
expired timers are designed to be loud enough for staff to hear in a
busy kitchen and timers allow for easy resets to improve continuous use.
Other key features include:

  • Users can set an unlimited number of timers with ease
  • Expired timers offer audio alerts and on-screen notifications
  • Timers are customized and pre-configured to customers’ unique workflows
  • Integrates with BOHA! Temp to provide a comprehensive process
  • Creates history reports that track food usage and food waste to reduce
    over prepping
  • Timers are labeled and displayed for ease of use
  • Eliminates the need for manual counting and automates timer set-up
    based on item being timed

For more information on the BOHA! ecosystem, please visit www.transact-tech.com/restaurant-solutions/boha

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including restaurant solutions, POS automation, casino and
gaming, lottery, and oil and gas. The Company’s solutions are designed
from the ground up based on customer requirements and are sold under the
BOHA!™, EPICENTRAL®, Epic®, Ithaca® and
Printrex® brands. TransAct has over 3.0 million printers and
terminals installed around the world and is committed to providing
world-class service, spare parts and accessories to support its
installed product base. Through the TransAct Services Group, the Company
also provides customers with a complete range of supplies and consumable
items both online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in Hamden,
CT. For more information, please visit http://www.transact-tech.com
or call (203) 859-6800.

BOHA! is a trademark of TRANSACT Technologies Incorporated. ©2019
TRANSACT Technologies Incorporated. All rights reserved.

Forward-Looking Statements

Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified by
the use of forward-looking terminology, such as “may”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “believe” or “continue” or the
negative thereof or other similar words. All forward-looking statements
involve risks and uncertainties, including, but not limited to, customer
acceptance and market share gains, both domestically and
internationally, in the face of substantial competition from competitors
that have broader lines of products and greater financial resources; our
competitors introducing new products into the marketplace; our ability
to successfully develop and introduce new products and the acceptance of
such products in the marketplace; our dependence on significant
customers; our dependence on significant vendors; dependence on contract
manufacturers for the assembly of a large portion of our products in
Asia; our ability to protect intellectual property; our ability to
recruit and retain quality employees as the Company grows; our
dependence on third parties for sales outside the United States,
including Australia, New Zealand, Europe, Latin America and Asia; the
economic and political conditions in the United States, Australia, New
Zealand, Europe, Latin America and Asia; marketplace acceptance of new
products; risks associated with foreign operations; the availability of
third-party components at reasonable prices; price wars or other
significant pricing pressures affecting the Company’s products in the
United States or abroad; risks associated with potential future
acquisitions; the risk that our new line of food safety and oil and gas
products will not drive increased adoption by customers; and other risk
factors detailed in TransAct’s Annual Report on Form 10-K and other
reports filed with the Securities and Exchange Commission. Actual
results may differ materially from those discussed in, or implied by,
the forward-looking statements. The forward-looking statements speak
only as of the date of this release and the Company assumes no duty to
update them to reflect new, changing or unanticipated events or
circumstances.