Radiant Systems and Ahold Announce Technology Agreement for ‘Stop & Shop’ Fuel Centers
Point-of-Sale and fuel control technology to enhance speed-of-service, loyalty for gasoline customers at the grocery giant
ATLANTA (April 5, 2007) – Radiant Systems, Inc. (NASDAQ: RADS) and The Stop & Shop Supermarket Company, LLC, a wholly-owned subsidiary of Ahold USA (NYSE:AHO) announced today that Radiant technology will be deployed to support fuel retailing at more than 60 Stop & Shop fuel centers.
“With systems built for speed and a proven track-record interfacing to above-store systems, Radiant was the right choice to enhance our customer loyalty programs at the gas pump,” said Joe Sullivan, general manager of gasoline, The Stop & Shop Supermarket Company. “With the right technology in place we will be able to provide our customers with meaningful rewards and a fast transaction.”
The Radiant solution will include Radiant Point of Sale software, P1550 POS terminals, S4500 servers and the Tiger Fuel Controller. Additionally the Radiant solution will include an interface to the supermarket price-book utilizing an industry-standard interface as well as an interface to the Stop & Shop loyalty program.
“Grocers and other high-volume retailers are realizing that selecting the right technology is the key to implementing sophisticated loyalty at the fuel island while not negatively impacting speed of service,” said Mark Schoen, president of Radiant’s global petroleum and convenience retail division. “Radiant has been at the forefront of introducing products, such as the Tiger fuel controller, that are allowing retailers like Ahold to do more at the island without sacrificing speed of service.”
Company Information
About Radiant Systems, Inc.
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 1,800 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.
