USA Technologies and CSC ServiceWorks Announce Supply Agreement
February 4th, 2019
Agreement to Enhance CSC’s Air Vending Machines with Next Generation Cashless Payments via USAT’s ePort Connect Service
MALVERN, PA, February 04, 2019 — USA Technologies (NASDAQ:USAT) (“USAT”) a premier digital payment, consumer engagement and logistics service provider for the self-service retail market, and CSC ServiceWorks, Inc. (“CSC”), an industry leader in commercial laundry solutions and air vending services, today announced the completion of an ePort Supply Agreement. Through the agreement, USAT will equip CSC’s air vending machines with USAT’s state-of-the-art ePort Connect cashless technology platform and upgrade the technology on other machines.
CSC is a leading provider of home and commercial laundry solutions as well as tire inflation and vacuum vending services at convenience stores and gas stations with over one million machines in service throughout the United States, Canada and Europe. Through the partnership, CSC and its client base as well as its millions of end user consumers will benefit from the reliability and security of USAT’s industry-leading ePort cashless payment system on its machines, designed to enable CSC and its clients to increase revenues while significantly improving the consumer experience.
“We are thrilled to partner with CSC,” said Stephen P. Herbert, Chairman, and Chief Executive Officer, USA Technologies. “As like-minded companies, we are both focused on not only innovating our industries, but are backed by a long history of product and service excellence – USAT for cashless and connected technology (IoT) for the unattended retail space, and CSC in the vended air and vacuum systems space. We believe that our collaboration will enable both of our companies to not only capture additional market share, but help unattended merchants benefit from the power of enterprise connectivity.”
“As a business, we are focused on expanding our innovation and industry leadership by leveraging technology through our connected machine strategy and delivering the ensuing benefits for our clients and consumers to continue to obtain best-in-class experiences,” said Taylor Doggett, Executive Vice President of Field Technology at CSC ServiceWorks.
“Our partnership with USAT will enable us to increase machine uptime and efficiency for greater customer satisfaction, in addition to making it more convenient and reliable for consumers to pay using their credit or debit card and mobile wallets like Apple Pay and Google Pay.” said Najdat Haydar, Vice President of Procurement and Supply Chain at CSC ServiceWorks.
About CSC ServiceWorks
CSC ServiceWorks, with over 1.4 million machines in service, is the leading provider of commercial laundry solutions to the multi-family housing and education markets as well as an industry leader in air and vacuum vending services at convenience stores and gas stations. CSC ServiceWorks has a workforce of over 3,000 dedicated professionals throughout the United States, Canada, and Europe.
For more information about CSC ServiceWorks, visit www.cscsw.com.
About USA Technologies
USA Technologies, Inc. is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The company also provides a broad line of cashless acceptance technologies including its NFC-ready ePort® G-series, ePort Mobile® for customers on the go, ePort® Interactive, and QuickConnect, an API Web service for developers. Through its acquisition of Cantaloupe Systems, Inc. (“Cantaloupe”), the company also offers logistics, dynamic route scheduling, automated pre-kitting, responsive merchandising, inventory management, warehouse and accounting management solutions. Cantaloupe is a premier provider of cloud and mobile solutions for vending, micro markets, and office coffee services.
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“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT’s management for future operations, are forward-looking statements. When used in this release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar expressions, as they relate to USAT or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of USAT’s management, as well as assumptions made by and information currently available to USAT’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, the ability of USAT to predict future market conditions and consumer behavior; and the possibility that all of the expected benefits and efficiencies from cashless payment services, including increases in revenue, will not be realized by all vending operators and on all vending machines or within the expected time period. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.