FYI-Otis Elevator Licenses New Corel Resero Technology
Business Wire - October 16, 1997 14:39
%COREL %OTIS COS. COSFF %NEW-YORK %COMED %COMPUTERS %ELECTRONICS V%BW P%BW
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OTTAWA--(BUSINESS WIRE)--Oct. 16, 1997--(TSE:COS., NASDAQ:COSFF.) Corel Corporation
today announced it has sold 1500 licenses for its new Corel Resero(TM) technology to Otis Elevator Company,
the world's largest elevator company and the first corporate customer to agree to license the new product. Corel
Resero has been deployed by Otis and is currently being used for reporting and analysis of financial and other
business issues.
An online analytical processing (OLAP) tool, Corel Resero is a corporate IT product with unique and adaptable
features that allow users instant information retrieval and easy, on-the-fly analysis of company-wide data. Corel
Resero is run from a main server where data is stored and then pulled to the desktop where users can filter
through and analyze the information based on variable parameters. Corel Resero is compatible with most
spreadsheet and database programs for easy presentation and storage of data.
"After working with Corel in the development and testing of Corel Resero, I am convinced that Corel Resero
will address our diverse analysis and reporting requirements. Corel Resero is enabling us to bring OLAP power
to every desktop with a short implementation time." said Omar Fathi, Director of Information Systems, Otis
Elevator Company.
"We realized there was a need for a strong OLAP product coupled with a very aggressive price," said Dr,
Michael Cowpland, president and chief executive officer of Corel Corporation. "We have succeeded in what
we set out to accomplish and are extremely happy that Otis Elevator could be the first to license this technology."
Corel Corporation
Incorporated in 1985, Corel Corporation is recognized internationally as an award-winning developer and
marketer of productivity applications, graphics and Internet software for the corporate and retail markets.
Corel's products, which run on most operating platforms, are consistently rated among the strongest in the
industry. The company's product line, including CorelDRAW(TM), Corel(R) WordPerfect(R) Suite, Corel
VENTURA(TM) and Corel(R) WebMaster Suite, ships in over 17 languages through a network of more than
160 distributors in 70 countries worldwide. Corel is traded on the Toronto Stock Exchange (symbol: COS) and
the NASDAQ National Market System (symbol: COSFF). For more information visit Corel's Web site at
www.corel.com.
Corel, WordPerfect, CorelDRAW, Corel Resero and Corel VENTURA are trademarks or registered
trademarks of Corel Corporation or Corel Corporation Limited. All other product and company names are
trademarks or registered trademarks of their respective companies.
CONTACT: Corel Corporation
Sandra Catana Finlay (U.S.), 613/728-0826 ext. 1488
E-mail: sandrac@corel.com
Website: www.corel.com
or
Corel Corporation
Carrie Bendzsa (Canada), 613/728-0826 ext. 1524
E-mail: carriebe@corel.com
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