Enhanced Fuel Control Technology Provides Increased Speed of Service for Maverik Customers
Tiger Fuel Controller from Radiant Systems speeds up retailer’s loyalty program and fueling times
ATLANTA (September 28, 2006) – Radiant Systems, Inc. (NASDAQ: RADS) announces that the deployment of its Tiger Fuel Controller at Maverik Country Stores locations has achieved time savings of more than 70 percent on fuel price rollback transactions.
Maverik chose the Tiger Fuel Controller for its ability to deliver faster rollback times at the dispenser as part of its Adventure Club loyalty program. The Adventure Club loyalty program provides an immediate price rollback at the dispenser for members and is a key part of the company’s marketing strategy. Maverik is seeing the average rollback time drop to less than five seconds with the Tiger in place.
“We’re a convenience store chain, so we need fast transaction times to keep our customers happy,” said Lynn Call, chief information officer of Maverik Country Stores. “We’re seeing the price rollback time decrease by more than 10 seconds, and customers just love it.”
The Tiger was designed to meet the high processing demands of encrypted pay-at-pump transactions in Asia and is also speeding transactions in the U.S. market, where complex pay-at-pump transactions, such as the Maverik Adventure Club are straining the legacy infrastructure of older dispenser technologies.
“Our mission is to deliver solutions that ensure that leading retailers like Maverik are never limited by the speed of their technology in their service,” said Mark Schoen, president of Radiant’s global petroleum and convenience retail division. “The Tiger Fuel Controller represents another example of Radiant’s investment in a product line that delivers the fastest transaction times in the industry.”
Company Information
Radiant Systems, Inc. (www.radiantsystems.com) is a leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's hardware and software products have been deployed in over 60,000 sites across more than 100 countries. Radiant has approximately 1,000 employees worldwide, 325 certified sales and service partners and over 1800 field service representatives. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
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.
