TAVA Announces Election of Board Members and Partnerships with both debis FRA and i2
Technologies
PR Newswire - February 16, 1999 14:42
ENGLEWOOD, Colo., Feb. 16 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA) a
leading provider of automation and information technology solutions to industry, announced
today that at its annual meeting, shareholders re-elected John Jenkins, Robert Costello, Robert
Pearson, and Rick Schleufer as Company Directors. Ken O'Brien was elected as a new
member of the board. Mr. O'Brien is a member of the executive staff at RW Beck where he
serves as Managing Director of Operations.
John Jenkins TAVA CEO said, "The Company is well served by a board with both broad and
deep experience that fits extremely well with the opportunities and challenges we face as we
continue our rapid growth. Our directors have been extremely helpful in crafting TAVA's
strategy and keeping the company focused on all the elements that need to be addressed in
building an outstanding organization."
At the meeting the company announced that it has executed a Memorandum of Agreement with
debis FRA IT Services GmbH, a joint subsidiary of Daimler-Chrysler Service (debis) AG and
Airport Frankfurt Main AG under which they plan to form a jointly held company to address the
Operation IT requirements of Airports in the U.S. The joint company plans to provide products
and services that include current offerings from both debis FRA and TAVA.
Debis FRA provides sophisticated airport operations Information Technology software and
services, including a fully integrated, database oriented, set of applications for all airside and
landside operations of an airport. Technical support and project execution is provided by a
group of 250 system engineers. Current clients include all 8 German international airports
(approx. 120 Mill Passengers).
TAVA Technologies supplies a variety of IT services, primarily directed to process and control
operations to a substantial U.S. airport client base including Phoenix International, Los Angeles
International, Denver International, Minneapolis, Baltimore and others.
John Jenkins, CEO of TAVA Technologies said, "We are very excited about our relationship
with debis FRA and are convinced that our launch into the U.S. market comes at just the right
time. Our preliminary marketing efforts have produced strong positive response. The debis FRA
products are extremely powerful and we believe that together we provide a unique combination
of product and service. This is clearly a significant business opportunity."
Wolf Ehrhard, President of debis FRA said, "We approached TAVA with the intention to form
a joint venture because of the company's national presence, its excellent understanding and
track-record of large system integration-projects, and a demonstrated superior attitude towards
customer service which is needed to meet the requirements of mission-critical applications on
airports."
At the meeting the company also announced that TAVA and i2 Technologies (Nasdaq: ITWO)
are in the final stage of designing their strategic partnership which includes building a
comprehensive business plan around specific target industries and clients.
John Jenkins said, "Forecasts show that the Supply Chain Management market will reach $13
Billion by year 2002 and that i2 Technologies has emerged as the clear market leader in supply
chain optimization solutions. TAVA and i2, in partnership, present a unique entity capable of
providing clients with high value-adding integrated solutions. The i2 partnership is an important
part of the value proposition we carry to our manufacturing clients in need of integrated
enterprise solutions."
TAVA (www.tavatech.com) provides factory automation, control systems integration and other
IT solutions helping clients in manufacturing and process industries integrate their processes,
applications, hardware and software into seamless manufacturing enterprises. Located in 15
regional offices throughout the U.S., TAVA has a staff of more than 600.
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, failure to integrate operations of recently acquired subsidiaries and failure to capitalize
upon access of new clientele. Specific risks and uncertainties which may affect forward-looking
statements about the Company's Plant Y2K One(TM) 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, to which
reference should be made.
SOURCE TAVA Technologies, Inc.
/CONTACT: John Jenkins, CEO, or Doug Kelsall, CFO, 303-771-9794, both of
TAVA Technologies, Inc.; or Scott Liolios of Pacific Consulting Group, Inc.,
949-574-3860, for TAVA Technologies, Inc./
/Web site: tavatech.com
(TAVA ITWO)
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