Kodak And TiS Form Alliance for Automated Data Collection
biz.yahoo.com
Monday May 24, 8:31 am Eastern Time
Company Press Release
SOURCE: Top Image Systems, Ltd.
TEL AVIV, Israel, May 24 /PRNewswire/ -- Top Image Systems, Ltd., (Nasdaq: TISA - news, TISAW - news) and Kodak Document Imaging announced a software integration and marketing partnership that provides customers with seamless data collection solutions. The integration between TiS' AFPSPRO automatic forms processing software and the Kodak Digital Science scanner family will enable organizations to streamline productivity, increase information accuracy and reduce data collection costs.
''The partnership between TiS and Kodak Document Imaging provides a comprehensive solution for our clients,'' commented Izhak Nakar, TiS Chairman and CEO. ''By joining forces, TiS' and Kodak's range of products offer our clients a reliable one-stop-shop that addresses all of their needs. TiS and Kodak have successfully cooperated on numerous projects over the last few years and we look forward to continuing our productive partnership,'' he continued.
One of the most significant examples of the successful partnership between TiS and Kodak is a recent project for Deutsche Post, which currently processes more than one million forms a day with TiS and Kodak technology.
Deutsche Post AG was in need of a timely and precise solution to validate and correct its outdated data. In one week, the AFPSPRO was up and running. The production site encompassed eight Kodak Digital Science Scanner 9500D units, 30 processing stations and 35 completion stations. This project constitutes one of the largest volume forms processing projects carried out to date.
Mr. Thomas Vogt, Managing Director of Deutsche Post, stated, ''We chose TiS' AFPSPRO primarily due to its high level of recognition accuracy and minimal percentage of substitutions rates. Moreover, the AFPSPRO has a uniquely efficient mode for the completion of unrecognized characters. We are pleased to have found a committed partner in TiS, and we believe this project will be a great success.''
Integrating TiS' AFPSPRO software and Kodak Digital Science scanners helps companies to automate manual data collection of information from paper-based forms and applications, ranging from paper and fax to e-documents via the Internet. TiS' award winning AFPSPRO provides a complete, cost-effective solution for mid- to high-volume production forms processing. The software features highest levels of capacity and ease of operation.
The Kodak Digital Science Document Scanner family consists of low-, mid- and high-volume production scanners, including a new color scanner introduced this year. Kodak Scanners have been recognized for providing reliable, cost- effective production scanning in a variety of document management applications. They feature robust paper handling capabilities, superior image quality and excellent reliability.
TiS is a Kodak ''Preferred Imaging Reseller'' in the Kodak Authorized Imaging Reseller Program (KAIR). Erwin Schwarzl, Strategic Business Unit Manager BIS Components EAMER, said; ''The selection of TiS for the KAIR program is based on a number of factors, including their track record for successful data capture projects in combination with Kodak scanners all over the world. Several projects became industry benchmarks in terms of innovation and professional project management. Based on our successful past experience with TiS, we consider them a leading player in the global document capture market.''
Kodak, through its Document Imaging division, offers components and media for a variety of imaging and document management applications that require micrographics, digital or hybrid solutions. For information, call Kodak Document Imaging at 1-800-243-811 (U.S. and Canada), contact the Kodak- authorized representative nearest you, or visit the Kodak DI World Wide Web site at kodak.com.
TiS - Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The Company's software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS' award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. For more information on TiS, visit the Company's Web Site at www.tis.co.il.
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company's United States Securities and Exchange Commission filings.
SOURCE: Top Image Systems, Ltd.
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