DCMT, pretty good volume since significant announcement last week. Well positioned IMO and in hot sector. Similarities to MITK and TISA. Trading at .50
SANTA CLARA, CA--(Marketwire - 05/31/11) - Document Capture Technologies, Inc. (OTC.BB:DCMT - News), an IP-driven leader in the design, development, manufacture and sale of advanced imaging technologies for over a decade and Massachusetts-based OfficeDrop, an award-winning document scanning and management solution provider to small businesses, today announced the certification of DCT's DocketPORT family of scanners for use with ScanDrop, a free proprietary scan to cloud software technology.
"Going paperless just got easier," said Prasad Thammineni, Chief Executive Officer of OfficeDrop. "The new DocketPORT line of scanners is a great value for small business owners looking to digitize their documents. Integrating our ScanDrop and cloud-filling software with DCT's technology makes a potent and cost-effective business solution."
The ScanDrop application and all DocketPORT scanners support the TWAIN interface, a standard software protocol and applications programming interface (API) that regulates communication between software applications and imaging devices. DCT scanners and ScanDrop provide a seamless solution for customers to simplify the management of critical online information.
ScanDrop connects information to Google Docs, Evernote and OfficeDrop Online. Customers can review scans, add labels/tags, pick target folders/notebooks, rotate and delete pages and upload PDFs all without opening a browser and is available for both Mac and Windows platforms.
"Scan to cloud technology is a major component of the global SaaS (software as a service) sector, which is projected to grow to more than $40-$50 billion by 2014 from roughly $13 billion in 2009, is an area that we intend to gain both market share and significant revenues," said David P. Clark, Chief Executive Officer of Document Capture. "Partnerships with the best and most innovative companies such as OfficeDrop ensure that DCT is well positioned to participate fully in one of the largest current technology opportunities. Our image capture solutions as well as our ongoing product development are tailor made for this sector."
ScanDrop compatibility demonstrates DCT's commitment to design and develop TWAIN-supported technologies as a complement to its software compatibility/driver customization technologies, making its scanners interface seamlessly to a wide range of software applications, including the rapidly growing area of scan to cloud. DCT plans to secure more partnerships and develop robust next generation solutions within this product area.
About OfficeDrop
OfficeDrop makes it easy for small businesses to scan paper to the cloud and access documents from anywhere, at any time, from any device. OfficeDrop's cloud filing cabinet lets users sort, search and share documents -- giving paper new life and making it collaborative! ScanDrop scanning software makes getting paper documents into popular cloud storage simple and is available at: officedrop.com. Headquartered in Cambridge, MA, OfficeDrop was founded in 2007. For more information, visit www.officedrop.com.
About Document Capture Technologies
Document Capture Technologies (OTC.BB:DCMT - News) is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms. DCMT provides more than 30 different products across five distinct categories, which are distributed globally through private label solutions to leading Tier 1 OEMs, VARs and other system integrators, including NCR, Qualcomm, Digital Check, Burroughs and Brother. |
