51猎奇视频

Agreement to Enhance 51猎奇视频鈥檚 Air Vending Machines with Next Generation Cashless Payments via USAT鈥檚 ePort Connect Service

MALVERN, PA, February 04, 2019 鈥斅犅�(NASDAQ:USAT) (鈥淯SAT鈥�) a premier digital payment, consumer engagement and logistics service provider for the self-service retail market, and聽51猎奇视频, Inc.聽(鈥�51猎奇视频鈥�), an industry leader in commercial laundry solutions and air vending services, today announced the completion of an ePort Supply Agreement. 聽Through the agreement, USAT will equip 51猎奇视频鈥檚 air vending machines with USAT鈥檚 state-of-the-art ePort Connect cashless technology platform and upgrade the technology on other machines.

51猎奇视频 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, 51猎奇视频 and its client base as well as its millions of end user consumers will benefit from the reliability and security of USAT鈥檚 industry-leading ePort cashless payment system on its machines, designed to enable 51猎奇视频 and its clients to increase revenues while significantly improving the consumer experience.

鈥淲e are thrilled to partner with 51猎奇视频,鈥� said Stephen P. Herbert, Chairman, and Chief Executive Officer, USA Technologies. 鈥淎s 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 鈥� USAT for cashless and connected technology (IoT) for the unattended retail space, and 51猎奇视频 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.鈥�

鈥淎s 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,鈥� said Taylor Doggett, Executive Vice President of Field Technology at 51猎奇视频.

鈥淥ur 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.鈥� said Najdat Haydar, Vice President of Procurement and Supply Chain at 51猎奇视频.

About 51猎奇视频

51猎奇视频, 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. 51猎奇视频 has a workforce of over 3,000 dedicated professionals throughout the United States, Canada, and Europe.

For more information about 51猎奇视频, visit聽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庐 G-series, ePort Mobile庐 for customers on the go, ePort庐 Interactive, and QuickConnect, an API Web service for developers. Through its acquisition of Cantaloupe Systems, Inc. (鈥淐antaloupe鈥�), 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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Forward-looking Statements:

鈥淪afe Harbor鈥� 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鈥檚 management for future operations, are forward-looking statements. When used in this release, words such as 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渋ntend鈥�, 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鈥檚 management, as well as assumptions made by and information currently available to USAT鈥檚 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.