Science & Technology
Science and Technology
Science and Technology
Wed, July 21, 2010
Tue, July 20, 2010
Philips Arena to Deploy Radiant Systems Point-of-Sale Technology Solution
ATLANTA--([ BUSINESS WIRE ])--Radiant Systems, Inc. (Nasdaq: RADS) today announced a new agreement with Philips Arena, home of the NBAa™s Atlanta Hawks and NHLa™s Atlanta Thrashers, to provide the Quest Venue Management hardware, back office and point-of-sale (POS) software solution for the arenaa™s food and beverage service operations.
"Philips Arena is host to hundreds of sporting events, family shows and concerts each year, so it is important for them to have time-tested, innovative POS technology, and we are excited to provide them with a solution that fulfills these needs."
Philips Arena will implement its new technology solution within its general, premium and portable concession locations, as well as in the venuea™s restaurants, clubs and in-seat service prior to the 2010-2011 Atlanta Hawks and Atlanta Thrashers seasons.
aWhen looking to upgrade our POS technology, Radiant Systems stood out because of the Quest solutiona™s ability to process credit cards faster and increase speed of service,a said Bob Williams, President, Atlanta Hawks and Philips Arena, and Executive Vice President, Atlanta Spirit LLC. aWe want guests at Philips Arena to be able to enjoy their favorite food and beverage offerings while also taking in as much of our games and events as possible.a
Because the Quest terminal is an all-in-one and fully-integrated solution, it can deliver the fastest transaction speeds in high traffic areas in the industry. With Quest technology, Philips Arena can further enhance the guest experience through innovative payment methods such as Loaded Tickets, which provide fans with the opportunity to pre-assign, or load, dollar amounts on their admission tickets for purchasing food and beverage from any Quest point-of-sale in the arena. Quest hardware also consumes 80 percent less energy than competitive products, aligning it ideally with the worlda™s first NBA or NHL LEED certified arena.
aThe Quest solution proved to be the best fit for Philips Arena because of its versatility in the variety of point-of-sale technology outlets located within the venue,a said Scott Kingsfield, president of the retail, sports and entertainment division at Radiant Systems. aPhilips Arena is host to hundreds of sporting events, family shows and concerts each year, so it is important for them to have time-tested, innovative POS technology, and we are excited to provide them with a solution that fulfills these needs.a
About Radiant Systems, Inc.
Headquartered in Atlanta, Radiant Systems, Inc. (Nasdaq: RADS) is a global provider of innovative technology to the hospitality and retail industries. For more than two decades, Radiant's point of sale hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues. Radiant has offices in North America, Europe, Asia and Australia. For more information about Radiant Systems: Visit our [ Website ]; Follow us on [ Twitter ]; Read about us on our [ Blog ]; Become a fan on [ Facebook ].
About Philips Arena
Named for founding partner Philips, Philips Arena is consistently ranked among the top 10 concert and event venues in the world, including a ranking of No. 2 in the United States and No. 5 in the world for the first half of 2010. In April 2009, Philips Arena became the first NBA or NHL arena to achieve LEED certification for an existing building as specified by the United States Green Building Council (USGBC). The operating rights to Philips Arena are owned by Atlanta Spirit LLC which also owns the Atlanta Hawks and Atlanta Thrashers. Philips Arenais online at [ www.PhilipsArena.com ].
This press release may contain aforward-looking statementsa 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. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. 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 Companya™s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Companya™s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Companya™s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
