TEL AVIV, Israel and COLOGNE, Germany, July 18, 2012 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) intelligent content capture and delivery solutions provider, announced today that Top Image Systems, together with its Swedish partner OptoSweden and partner/client DevoIT, were selected to provide an eFLOW® digital mailroom (DMR) project to one of the largest operating airlines in the world. The airline is required to document all matters related to aircraft safety and security, throughout each aircraft's lifetime, and must have easy, open and constant access to all that documentation. To comply with these requirements, the airline selected eFLOW Digital Mailroom to automatically classify and index all the existing documentation related to each of its aircraft for quick and easy retrieval.
In order to sell an aircraft, the owner must comply with all relevant flight authority regulations for airplane safety and security, among these the transfer of the entire history of the aircraft's documentation, including quality tests, safety reports and other related documents to the new owner. To enable such transfers, this leading airline decided to digitize all paper documents by scanning them into the eFLOW system.
The project covers a scope of some 50 million documents covering the history of the airline's aircraft fleet, involving structured forms as well as semi-structured and unstructured documents. The project went live in the first quarter of 2012 and is expected to be completed by 2014.
"It is a proof point emphasizing the high accuracy, performance and quality of eFLOW that our Digital Mailroom solution has been selected by this leading player in the aerospace industry," remarked Michael Schrader, Managing Director, TIS EMEA. "Through our excellent relationships with our partners, Top Image is expanding its presence across different industry sectors in which the need for intelligent document and business process management products and service excellence and expertise are key. We expect this project to establish our reputation in the industry and act as a springboard towards similar new business."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at www.globenewswire.com/newsroom/ctr%3Fd=227112%26l=10%26u=http%253A%252F%252Fwww.TopImageSystems.com" target="_top" rel="nofollow">http://www.TopImageSystems.com for more information.
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Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward-looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.