USA Technologies Inc. announced it had negotiated an OEM agreement to supply its unique e-Port embedded systems technology to Automated Merchandising Systems, one of the Nation’s premier glass front merchandising equipment manufacturers supplying the global vending industry.
The AMS alliance is USA Technologies’ first OEM agreement for e-Port and has the potential of generating $5 million in sales for the Wayne-based Technology Company over the next five years.
The agreement comes within a week of USA Technologies announcing a multi-million dollar Intelligent Vending strategic alliance with global communications giant, Marconi Online Systems.
The alliance is to convert traditional vending machines dispensing beverage and packaged snacks into intelligent “store fronts”, connected to the Internet, and capable of communicating operational data to operators, conducting cashless transactions and providing interactive media at point of sale.
Stephen P. Herbert, President and COO of USA Technologies, said the OEM contract with a leading vending machine manufacturer such as AMS, was an important milestone and endorsement for the USA Technologies/Marconi Alliance.
“Vending machine manufacturers, suppliers and dealers the world over are recognizing the potential of e-Port. Our goal is to assist partners like AMS in providing greater value to their customers,” Mr. Herbert said. “This latest agreement will see our e-Port built into the AMS product on the assembly line.”
AMS considers the inclusion of e-Port in their products as a differentiator from their competition, and could provide AMS distributors with a point of difference in the marketplace.
“AMS is an innovator in the vending industry and it’s our objective to constantly bring to our customers the latest technologies that will add value and satisfaction to their offerings,” said Sharon Shull, President, AMS. “e-Port, with its ability to collect supply chain-or-‘route’ data, allow consumers to make purchases with a credit card, and to view interactive media such as news, sports and weather, will not only improve the value we bring to AMS customers, but will help generate greater revenue for AMS through increased sales of our vending machines.”
e-Port is the world’s first non-PC e-commerce device that can be embedded into vending machines, gas pumps, office equipment and almost any kind of point-of-sale terminal. It comes fitted with an interactive, video screen that features rotating banner advertisements, giving vending machine owners the ability to operate electronic “storefronts” and provide free access to media such as news, sports and weather. e-Port is also a cashless transaction device, allowing consumers to make self service, micro credit card transactions, for as low as $1.00. Marconi’s Intelligent Vending service provides remote monitoring capabilities for vending machines. The service delivers marketing, management and maintenance reports overnight straight to the vending operations’ office. Inventory, cash and damage information is securely transmitted over a wireless network and helps vending operators increase revenue through machines that always are cleaned, filled and working. The combined USA Technologies e-Port/ Marconi Online solution has the potential to fundamentally change the global vending industry.
About USA Technologies
USA Technologies is recognized as a leader in cashless transaction and interactive media technology and associated financial services. USA Technologies provides credit card-activated and other cashless systems, allowing end users, ranging from consumers to business professionals, to communicate, conduct business or make ordinary commerce transactions, outside the home or workplace. USA Technologies is an IBM (NYSE: IBM) Business Partner and an inaugural member of the Sprint Enabling Application Service Provider Program for e-commerce. It also has established relationships with a number of global IT, multimedia and telecommunications companies, including RadiSys Corporation, Double Click, Inc., and Xerox Corporation. Visit the USA Technologies home page at [http://www.usatech.com].
About Automated Merchandising Systems
Automated Merchandising Systems, a premier manufacturer of glass front merchandising vending machines, is a privately held company headquartered in Kearneysville, West Virginia. AMS’s patented SENSIT(R) technology guarantees product delivery, eliminating the product hang-ups and misloading problems — thereby increasing reliability and customer satisfaction. AMS’s rugged, temperature controlled machines are cost-effective solutions for vending a wide range of products.