Radiant Systems Deploys High-Performance Fuel Controller at Busiest Sheetz Stores
Tiger Fuel Controller boosts performance at sites with high volumes and complex pay-at-pump transactions
ATLANTA (Nov. 16, 2005) — Radiant Systems, Inc. (NASDAQ: RADS) announces the deployment of a new-generation fueling technology, the Tiger Fuel Controller, at high-volume Sheetz locations in Altoona, PA and Raleigh, NC. Sheetz selected the Tiger Fuel Controller for its demonstrated advancement in performance of complex and high-volume pay-at-pump transactions.
“We chose to deploy the Tiger Fuel Controller because it clearly supports our goal of providing faster and more convenient service to our customers,” said John Moulton, director of store systems, Sheetz, Inc. “We are pleased with the faster customer throughput that we are measuring at the pump since installing the device.”
The Tiger Fuel Controller was first installed in Malaysia last year, where new credit card encryption standards were causing legacy fuel controllers to slow down transaction speed and associated customer throughput. Today the Tiger is also speeding transactions in the U.S. market, where high-volume sites and complex pay-at-pump transactions with multiple card reads are straining the legacy infrastructure of older dispenser technologies.
“The Tiger Fuel Controller is able to improve the performance of almost any busy pay-at-pump site without the need to replace the legacy wiring or dispensers,” said Mark Schoen, president of Radiant’s global petroleum and convenience retail division. “The Tiger is the first technology built for the explosive growth in self-service, loyalty and other marketing programs taking place at the dispenser that the industry is experiencing on a global scale.”
The Tiger Fuel Controller connects point-of-sale systems to fuel dispensers, island card readers, outdoor payment terminals and other fuel island equipment. Using the latest technology for unprecedented performance, the Tiger drives all major models of dispensers and island card readers including 100 percent compatibility with existing equipment.
Company Information
Founded in 1985, Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience retail, and entertainment industries. Radiant’s point-of-sale, self-service kiosk, and back-office technology enables operators to drive top-line growth and improve bottom-line performance. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 50,000 sites worldwide.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (iii) the Company’s growth strategy and operating strategy; (iv) the Company’s new or future product offerings, and (v) the declaration and payment of dividends. The words “may,” “would,” “could,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plans,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of customers for a larger portion of its revenues, fluctuations in its quarterly results, ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s filings with the Securities and Exchange Commission.
