Press Releases

Philips Arena to Deploy Radiant Systems Point-of-Sale Technology Solution

Atlanta, Tuesday 20 Jul, 2010

Quest POS Software and Hardware to Increase Food and Beverage Speed of Service at Atlanta’s Award-Winning Philips Arena

Radiant Systems, Inc. (Nasdaq: RADS) today announced a new agreement with Philips Arena, home of the NBA’s Atlanta Hawks and NHL’s Atlanta Thrashers, to provide the Quest Venue Management hardware, back office and point-of-sale (POS) software solution for the arena’s food and beverage service operations.

 Philips Arena will implement its new technology solution within its general, premium and portable concession locations, as well as in the venue’s restaurants, clubs and in-seat service prior to the 2010-2011 Atlanta Hawks and Atlanta Thrashers seasons.

“When looking to upgrade our POS technology, Radiant Systems stood out because of the Quest solution’s ability to process credit cards faster and increase speed of service,” said Bob Williams, President, Atlanta Hawks and Philips Arena, and Executive Vice President, Atlanta Spirit LLC. “We 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.”

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 world’s first NBA or NHL LEED certified arena.

“The 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,” said Scott Kingsfield, president of the retail, sports and entertainment division at Radiant Systems. “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.”

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.

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.

This press release may contain “forward-looking statements” 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 Company’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 Company’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 Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.




Source: Philips Arena