Tuesday February 16, 2:27 pm Eastern Time
Company Press Release
SOURCE: TAVA Technologies, Inc.
TAVA Announces Election of Board Members and Partnerships with both debis FRA and i2 Technologies
ENGLEWOOD, Colo., Feb. 16 /PRNewswire/ -- TAVA Technologies (Nasdaq: TAVA - news) 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 - news) 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.
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SOURCE: Computer Sciences Corporation
Computer Sciences Corporation Names New CEO of German Subsidiary
EL SEGUNDO, Calif., Feb. 18 /PRNewswire/ -- Computer Sciences Corporation (NYSE:CSC - news) today announced that the supervisory board of CSC Ploenzke AG, the majority-owned German subsidiary of CSC, has elected Dr. Christian Stolorz chairman of the management board, president and chief executive officer of CSC Ploenzke.
The five-year appointment becomes effective April 1.
Dr. Stolorz succeeds Klaus Christian Ploenzke, the company founder, owner and long-time chairman, who will at that time transfer to the supervisory board of CSC Ploenzke.
A member of the CSC Ploenzke management board for almost nine years, Dr. Stolorz previously was with the Deutsche Bank AG corporate office.
CSC Ploenzke is responsible for the European activities of CSC in Germany, Switzerland, Austria, Spain, Portugal, Czechia and Slovakia. The firm has more than 3,100 employees, and is expected to generate revenues this fiscal year of approximately $575 million (DM 1 billion). Celebrating its 30th anniversary this year, CSC Ploenzke ranks first among German information technology (I/T) consulting companies.
Computer Sciences Corporation helps clients in industry and government use information technology to achieve strategic and operational objectives. The company develops individual business solutions that are delivered by CSC's 49,000 employees in more than 700 offices worldwide in areas such as management and information technology consulting, systems consulting and integration, operations support and information services outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its relationships with clients. The company maintains numerous agreements with hardware or software technology companies and thus is able to identify and manage solutions specifically tailored to each client's needs. CSC had revenues of $7.4 billion for the twelve months ended January 1, 1999. Its headquarters are in El Segundo, California. For more information, visit the company's web site at www.csc.com.
SOURCE: Computer Sciences Corporation
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