USA Technologies Continues as Authorized Supplier to the Coca-Cola
system
MALVERN, Pa. & ATLANTA--(BUSINESS WIRE)--
USA Technologies, Inc. (NASDAQ: USAT), a solutions provider of
secure cashless transactions for small ticket, self-serve retailing
industries, and Coca-Cola Refreshments USA, Inc., a wholly-owned
subsidiary of The Coca-Cola Company (NYSE:KO), announced today
that they have resolved their outstanding billing dispute, and are
pleased to have concluded this matter.
"We value our business relationship with Coca-Cola Refreshments and the
Coca-Cola system," said Stephen P. Herbert, Chief Executive Officer of
USA Technologies. "USA Technologies and Coca-Cola Refreshments have
worked together as pioneers to bring cashless payment and related
services to the vending marketplace."
"For more than ten years Coca-Cola Refreshments and USA Technologies,
Inc. have collaborated to drive the use of cashless payment in the
vending industry," stated a spokesperson for Coca-Cola Refreshments. "We
look forward to our continuing relationship with USA Technologies, a
valid, authorized supplier to Coca-Cola Refreshments and the Coca-Cola
system."
About The Coca-Cola Company
The
Coca-Cola Company (NYSE: KO) is the world's largest beverage
company, refreshing consumers with more than 500 sparkling and still brands.
Led by Coca-Cola, one of the world's most valuable and recognizable
brands, our Company's portfolio features 17 billion-dollar brands
including Diet
Coke, Fanta,
Sprite,
Coca-Cola
Zero, vitaminwater, Powerade,
Minute
Maid, Simply, Georgia and Del
Valle. Globally, we are the No. 1 provider of sparkling beverages,
ready-to-drink coffees, and juices and juice drinks. Through the world's
largest beverage distribution system, consumers in more than 200
countries enjoy our beverages
at a rate of 1.9 billion servings a day. With an enduring commitment to
building sustainable communities, our Company is focused on initiatives
that reduce our environmental footprint, support active, healthy
living, create a safe, inclusive work environment for our
associates, and enhance the economic development of the communities
where we operate. Together with our bottling partners, we rank among the
world's top 10 private employers with more than 700,000 system
associates. For more information, visit Coca-Cola
Journey at www.coca-colacompany.com,
follow us on Twitter at twitter.com/CocaColaCo,
visit our blog, Coca-Cola
Unbottled, at www.coca-colablog.com
or find us on LinkedIn at www.linkedin.com/company/the-coca-cola-company.
About USA Technologies
USA Technologies is a leader of wireless, cashless payment and M2M
telemetry solutions for small-ticket, self-serve retailing industries.
ePort Connect® is the company's flagship service platform, a
PCI-compliant, end-to-end suite of cashless payment and telemetry
services specially tailored to fit the needs of small ticket,
self-service retailing industries. USA Technologies also provides a
broad line of cashless acceptance technologies including its NFC-
enabled contactless ePort® G-series, ePort Mobile™ for customers on the
go, and QuickConnect, an API Web service for developers. USA
Technologies has been granted 87 patents and has agreements with
Verizon, Visa, Elavon and customers such as Compass, AMI Entertainment
and others. Visit the website at www.usatech.com.
USA Technologies Investor and Press Contacts:
LHA
Stephanie
Prince/Jody Burfening
212-838-3777
sprince@lhai.com
Source: USA Technologies, Inc.
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