TAVA/R.W. Beck Begins Year 2000 Remediation for Two New Municipalities
ENGLEWOOD, Colo., Sept. 3 /PRNewswire/ -- TAVA Technologies, Inc. (Nasdaq: TAVA - news) a global supplier of integrated manufacturing systems, today announced that TAVA/R.W. Beck Llc. recently signed an agreement with Missouri River Energy Services to begin the process of inventorying and assessing microprocessor-based equipment associated with their municipal services, such as power, water treatment, wastewater treatment, police and fire services and airports. The agreement covers an initial group of 16 of the more than 50 members of the organization formerly known as Missouri Basin Municipal Power Agency.
TAVA/R.W. Beck also announced it is beginning the process of remediation for the electric power, water, and communications utility in Muscatine, Iowa.
TAVA is addressing the Y2k embedded system market in utilities through its interest in TAVA/R.W. Beck Llc. From its inception in March of 1998, TAVA/R.W. Beck, has executed agreements with 16 U.S. clients.
John Jenkins, TAVA CEO said, ''The demand for the Y2k services of TAVA/R.W. Beck continues to grow rapidly, as the utility industry begins to increase efforts to address Y2k. The venture is now staffed at 125 and is looking to grow to more than 200 in the next 90 days.''
John Jenkins added, ''These two particular engagements are an indication of a trend in the municipal utility market where we are asked to address the complete municipal service infrastructure, not just power generation.''
TAVA (http://www.tavatech.com) provides factory automation and control systems integration helping clients in manufacturing and process industries integrate their processes, applications, hardware and software into seamless manufacturing enterprises. Located in 14 regional offices throughout the U.S., TAVA has a staff of more than 500.
Statements made in this Press Release that are not historical or current facts are ''forward-looking statements'' made pursuant to the safe harbor provisions of federal securities laws. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected. Such factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital, unexpected costs, and failure to capitalize upon access to new clientele. Additional risks and uncertainties which may affect forward-looking statements about the Company's Y2K One business and prospects include the possibility that a competitor will develop a more comprehensive or less expensive Y2K solution, and delays in market awareness of TAVA and its product and service solutions. These factors and others are discussed in the ''Management's Discussion and Analysis'' section of the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1997 and in subsequent reports filed with the Securities and Exchange Commission, to which reference should be made.
SOURCE: Tava Technologies, Inc. |
