Optimizes Business by Adding and Upgrading Cashless Payments Devices and
Expands Existing Seed Pro and Seed Office Services With Addition of Seed
Markets and Seed Delivery Software
MALVERN, Pa.--(BUSINESS WIRE)--Dec. 21, 2018--
USA
Technologies, Inc. (NASDAQ:USAT) ("USAT"), a premier digital
payment, consumer engagement and logistics service provider for the
self-service retail market, today announced an expanded agreement with
Pepsi-Cola of the Hudson Valley, a locally-owned independent Pepsi
franchise serving the markets of Dutchess, Orange, Putnam, Rockland,
Sullivan and Ulster counties of New York State since 1946. Through the
agreement, Pepsi-Cola of the Hudson Valley has agreed to install
cashless payment devices on 300 additional machines, and upgrade
existing cashless payment devices on 1,000 machines that are already
connected to USAT’s ePort Connect Service. The customer is already
utilizing Seed Pro and Seed Office for increased business efficiencies
and performance improvement. Through this expanded agreement, the
customer would be adding Seed Markets and Seed Delivery for a portion of
its micro markets and coffee machines with the aim to better manage,
simplify and optimize the company’s entire business.
Pepsi-Cola of the Hudson Valleyoffers
full-line vending services, including snacks, cold and hot beverages,
candy and frozen food items. Through the expanded partnership,
Pepsi-Cola of the Hudson Valley will benefit from the reliability and
security of USAT’s industry-leading cashless payment system on its
customers’ machines, coupled with the power of USAT’s cloud-based
vending intelligence solutions, designed to enable Pepsi-Cola of the
Hudson Valley to optimize its business and increase revenues while
minimizing operating costs.
“We have built our company for 72 years based on a firm commitment to
improving our operations, adjusting to change, and most of all, scaling
our business for growth,” said Topher Black, of Pepsi-Cola of the Hudson
Valley. “This has required constantly looking to the future, bringing
the best products to our customers and innovating in order to keep pace
with consumer expectations. Our expanded agreement with USAT not only
brings us closer to offering cashless payment options on all of our
machines through the industry’s best-in-class payment platform, but
delivers exceptional services to our customers while reducing
operational costs on the back-end. It’s truly a win-win, and we’re
thrilled to expand our partnership with USAT.”
“Pepsi-Cola of the Hudson Valley has been at the forefront of industry
innovation, offering best-in-class products and services for decades,”
said Anant Agrawal, EVP Corporate Development, USA Technologies. “We are
so excited to be not only signing a new five-year agreement with such an
exciting, forward-thinking company, but helping to expand their services
to benefit from our full enterprise suite of cashless and Seed solutions
- which we believe is one of the most powerful, holistic enterprise
platforms in the unattended retail market.”
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/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center: https://usatech.com/resource-center/the-benefits
Sales and Partnership Inquiries:
Please contact USA Technologies, Inc. at +1 800.633.0340 or sales@usatech.com.
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, including without limitation the business
strategy and the plans and objectives of USAT’s management for future
operations, 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, the ability of USAT to predict future market conditions
and consumer behavior; and the possibility that all of the expected
benefits and efficiencies from cashless payment services, including
increases in revenue and reductions in operating costs, 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/20181221005082/en/
Source: USA Technologies, Inc.
For USA Technologies, Inc.:
Maeve McKenna Duska +1 800.633.0340
mduska@usatech.com
or
Investors:
Blueshirt
Group
Monica Gould, +1 212-871-3927
monica@blueshirtgroup.com