FutureLogic's Leading Cashless Printer Line to be Marketed Outside of North America by MEI.
GLENDALE, Calif.--(BUSINESS WIRE)--Sept. 16, 2003
Agreement between Top Manufacturers Provides International Gaming
Industry with One-Stop-Shopping for Complete Ticket In/Ticket Out
FutureLogic Inc. announces that MEI, the world's leading manufacturer of payment systems, will market and sell FutureLogic's industry leading PSA-66 line of thermal printers to OEM's outside of North America. MEI will also provide product support for the printers to gaming operators outside North America. Units for sale internationally will feature the MEI brand and will be marketed as part of the MEI CASHFLOW(TM) line.
Combined sales and marketing for MEI's CASHFLOW SC66 bill acceptors and FutureLogic's PSA-66 line of thermal printers will provide international customers with one outlet for the two components for cashless gaming. MEI's established global presence ensures that FutureLogic's printers will reach international gaming operators and OEMs with the benefit of established sales, service and distribution channels.
FutureLogic's PSA-66 line of thermal printers for the gaming industry are installed in more than 200,000 casino games worldwide and print more than one billion tickets each year. Gen2(TM), the most recent addition to the PSA-66 line, offers a number of new features to help eliminate player interference and deter counterfeiters including "Intelligent Ticket Handling(TM)" (ITH), a feature to eliminate torn, smeared and crumpled tickets and a new "Tamper Resistant Ticket(TM)" (TRT) printing technology for the identification of altered and duplicated vouchers. FutureLogic manufactures the PSA-66 line of printers in its Arizona production facility and will continue to sell directly to the North American market.
MEI CASHFLOW(TM) SC66 is a high-performance bill acceptor for TITO environments. The unit includes 14 pending patents covering 30 unique design features. Features include new sensors, advanced digital processing technology, complex algorithms, innovative design engineering and an illuminating light bar with six wavelengths of light to cover the majority of the bill surface. The welded plastic cash-box is so durable that it can withstand repeated six-foot drops onto concrete. Ease of use features include the industry's first dispute resolution window in the cash-box, allowing floor personnel to view the denomination of the last bill stacked without opening or removing the cash-box.
FutureLogic, founded in 1983 and with headquarters in Glendale, provides electromechanical assembly solutions for nearly every engineering need. FutureLogic found a particular niche for itself in the thermal printer market and today supplies thermal printers for equipment where reliability is critical. This includes casino gaming, POS equipment, industrial, agricultural, and medical applications. In August 2003, FutureLogic ended its exclusive distribution agreement with Seiko Instruments for its PSA-66 line of thermal printers found in more than 90% of cashless casino games worldwide.
Today, MEI electronic payment systems are relied upon for more than 1 billion transactions per week in 90 countries. MEI payment systems' technology is considered the most reliable choice in hundreds of real-world applications and has earned the best performance rating in the market. MEI is one of the world's leading manufacturers of electronic bill acceptors, coin mechanisms, and other electronic payment systems. The company developed the world's first electronic coin validator in the late 1960s and today, has the largest, worldwide installed base of unattended payment mechanisms.
In 2002, MEI reached a company milestone of selling more than 3 million bill acceptors, 3 million coin changers and 1 million control boards worldwide. Its products are in widespread use in the vending, coin telephone, gaming, retail, amusement, lottery and transportation industries. For more information on MEI and its products, visit www.meiglobal.com, or call 800-345-8215.
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 16, 2003|
|Previous Article:||U.S. Home & Garden Announces Receipt of Approval from Holders of 9.4% Cumulative Trust Preferred Securities at Special Stockholders Meeting.|
|Next Article:||Fitch Ratings Comments on Aquila Inc.|