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TransAct Technologies Announces Its Printrex 920 Printer Approved For Use With The Warrior Data Acquisition System

Stocks in this article: TACT

HAMDEN, Conn., Feb. 13, 2013 (GLOBE NEWSWIRE) -- TransAct Technologies Incorporated (Nasdaq:TACT), a global leader in market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries, today announced that its new Printrex 920 – the first full-color printer/plotter designed from the ground up to perform in the adverse environment of a logging truck or off-shore platform for oil and gas exploration – has been approved for use with the Warrior 8 Data Acquisition System from Scientific Data Systems, Inc. ("SDS"), one of the largest suppliers of data acquisition systems for use in oil and gas exploration and production markets.

"Today's approval is a major step forward for TransAct and the introduction into the oil and gas exploration market for our new Printrex 920 color thermal printer," said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. "The industry's desire for color logging reports in the field is now a reality and our reputation as a top-flight and reliable printer supplier to the oil and gas industry makes the Printrex 920 an ideal complement for the Warrior Data Acquisition System. The Data Acquisition System components must be capable of surviving in the harsh environments of the well site, and it requires a printer that can also withstand the rigors of trucking and offshore platforms. The Printrex 920 is not only built to last, its innovative color printing solution including the ability to print without cartridges or ribbons provide the consumer with a true color solution."

SDS's Warrior Logging software is responsible for data monitoring and logging, and its Data Acquisition System consists of a tool interface and power supply panel, computer, printer and optional depth, line speed, line weight panel and perforating power supply. The Data Acquisition Systems are used in exploration and production job site locations around the world (both on and off-shore) and are used specifically for Cased Hole, Open Hole, Slick Line Memory and LWD applications.

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