MALVERN, Pa.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Sept. 6, 2005--USA Technologies (OTCBB:USTT), the provider of credit card technology solution for Sony Electronic Corporation`s PictureStation, announced today that PictureStation kiosks will be installed on 14 university campuses later this year, bringing students another leading edge networked convenience.
The news comes a week after USA Technologies announced it was working with a major college food and beverage provider to bring cashless vending to universities nationwide. It`s e-Suds online laundry services are being installed at several colleges and universities in a simultaneous rollout.
''Our technology is bringing new convenience and efficiency to campus,'' said Stephen P. Herbert, President and COO, USA Technologies. ''Our technology is helping to make student life more convenient and productive. We are now able to offer online, cashless laundry services and cashless vending. Students and faculty will now also have the self-service ability to print their digital pictures and pay with their credit/debit card,'' he said.
The PictureStation kiosks are being installed by Sony PictureStation distributor FOTOEntertainment LLC beginning in the fall.
The PictureStation kiosks will enable students to print their digital photos, scan and print photos and burn their digital photos on to CD`s simply by swiping their debit/credit cards. The process is cashless and delivers the highest quality prints in a matter of seconds.
''College administrators are realizing students want to be able to use the latest technology to make transactions, whether it`s a credit card, a college ID card, wireless, or personal digital assistant,'' said Mr. Herbert. ''They want instant access, they want to be able to go online, and they don`t want to pay with cash.''
Among USA Technologies most popular products on campus is its e-Suds which allows students to go online to see what washers and dryers are available in their laundry room, activate and pay for the service using their student ID cards, and notifies them by e-mail when the laundry is done. In coming months, the first cashless vending machines will begin to appear on campus, along with the PictutreStations.
The company is also working with college administrators and vending machine operators to install its VendingMiser energy management technology to make vending machines on campus operate more efficiently.
''Vending machine operators and college administrators are well aware that students are concerned about energy conservation and the environment, and interest in our energy management product line is growing nationwide,'' he said. USA Technologies` miser products for vending and snack machines, and glass front coolers have the capability of reducing energy consumption by up to half, as well as reduce emission of Co2 Emission by the same amount.
There has been acceleration in demand for USA Technologies` energy management product line since the world energy crisis began to drive fuel prices to record highs.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. For further information on USA Technologies, please visit www.usatech.com
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for its energy management products, the ability to obtain new customers and the ability to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
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