Glendale, CA—May 2, 2005—FutureLogic, Inc., a leading manufacturer of thermal printers for the gaming, parking, POS, medical and agricultural industries, responded today to the lawsuit filed earlier by TransAct Technologies Incorporated, stating that all charges and claims in TransAct’s complaint are completely groundless.
“Our analysis of the claims leads FutureLogic to believe that the TransAct lawsuit was filed for tactical reasons. We believe TransAct’s substantive legal claims will not prevail, although it comes as no surprise to find FutureLogic—the industry leader—the target of a meritless lawsuit, given the mounting pressure in the increasingly competitive OEM thermal printer space,” said Anthony DiMarco, FutureLogic’s President & CEO. “The industry can be assured that FutureLogic will defend itself, and our customers’ interests, vigorously and will pursue all available legal measures of its own in response to TransAct’s lawsuit.”
Founded in 1983 and headquartered in Glendale, Calif., FutureLogic designs and builds high-reliability electromechanical assembly solutions for nearly every printing need. As the undisputed leader in super-robust thermal printer technology, FutureLogic is the industry’s premier supplier of thermal printers for casino gaming, promotional equipment, kiosk, industrial, RTAL, gas pumps and medical applications. In July 2004 the company founded FutureLogic Europe Ltd to provide direct sales and engineering support for the growing OEM thermal printer markets in Europe. More information on the company is available at www.futurelogic-inc.com.