Nanotech Gaming Labs announced just yesterday the debut of its second video redemption machine, MASHER, which follows a successful three days at Amusement Expo 2013 where NGL debuted
JUMPER which we recently reported.
"Our Gaming team had a very successful Amusement Expo 2013 where we met with many customers and distributors. While a preview of JUMPER was on display, we were also able to show MASHER in a private setting away from the show floor to several people," said NanoTech CEO, Jeffrey A. Foley.
MASHER is built on the same redemption gaming platform used for JUMPER, but will expand on the offering of video redemption and skill with prize offering machines from NanoTech. By leveraging the same platform NanoTech have effectively reduced the manufacturing costs of MASHER substantially.
Foley and Vice-President of Operations, David Swanson, also confirmed expansion plans to increase revenue and profitability for their company, customers and business partners.
Swanson noted, "We had several meetings with customers and other manufacturers who were looking for solutions for their games and will be using NanoTech products to help solve their problems. We have a line of I/O boards and Amplifiers that we developed for our games, but that we also offer to other companies who don't have the expertise in house to develop such components." By leveraging its unique designs, NanoTech has been able to create a secondary revenue stream from its internally developed components.
Foley added, "We not only see a cost savings by being able to produce our components in larger quantities, but we help to provide a standard interface by which multiple manufacturers in the industry will develop their games around. By selling these products we will increase our revenues while having no increase in overhead costs."
The Amusement Expo is a focal point for the Coin-Op industry which showcases the latest equipment for the trade, provides hands-on information for buyers and sellers of the industry, and acts as the primary face-to-face conduit between trade partners in the amusement industry.
Foley closed stating, "We had forecasted our Ticker based games to generate several million in gross revenues and over a million dollars in profits for 2013 prior to attending the Amusement Expo. We were able to secure several new partnerships, including new manufacturing and distribution partners. We expanded our presence in the market by accepting the invitation to be a charter member of the DNA association. Finally, our team was able to welcome several of the NanoTech investment community members to the show, view our products and meet our team face to face. We are very excited about the NanoTech Gaming Labs first industry show."
NanoTech Gaming Labs is a division of NanoTech Entertainment.
