Top Image Systems Awarded The Czech Republic Census
TEL AVIV, Israel, Dec. 14, 2010 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) innovator of intelligent document recognition has been chosen to process the documents for the Czech Republic census. TIS' eFLOW will process 16 million documents within a five-month period.
On this project, TIS will work in partnership with scanservice, a leading provider of automated input, processing, operating and management of documents and data, based in Central Europe. TIS and scanservice have a long history of working together, including working on census projects, such as the 2001 census for the Slovak Republic.
Renata Telinova, President of scanservice explains, "We have worked successfully with TIS for many years. TIS' eFLOW is a superior technology which we rate for its high recognition rates, speed of processing, stability, and open architecture."TIS underwent a stringent selection process, given the importance of the project for the Czech Republic. The system that would be chosen had to be capable of processing a huge amount of documents in a very short time. During extensive testing and benchmarking, TIS' eFLOW proved capable of delivering the desired results, in the specified time and to the highest level of accuracy. Over the last decade, TIS has gained vast experience in worldwide census projects, including in India, Brazil, Ireland, South Africa, Italy, Belarus and Vietnam. Last month the company announced it has been awarded the census in Thailand. TIS' extensive knowledge in this specific area has put the company front and center as the partner of choice for census programs, including in countries where TIS has been reselected for the second or third census. Omri Gelb, Executive VP at TIS, commented, "This is a very important project and we are pleased that TIS, in conjunction with our partner scanservice, has been chosen by the Czech Republic to process their census documents. We have demonstrated once again that eFLOW is a leading technology in the census industry. We are pleased that our long time partnership with scanservice and the reputation we have of working successfully on census projects around the world allowed us to acquire another important census project." About scanservice scanservice is the leading provider of products and services in the field of automated input, processing and management of documents and data, operating on the territory of the Central Europe. The company offers its services to clients by placing emphasis on an individual approach to each client, on quality and on security in secured areas where the most modern technology for document digitization is installed. Collaboration with leading hardware and software manufacturers in the field, the expertise of employees and the focus on satisfying the needs of the customer all ensure the successful fulfilment of the vision on which scanservice was founded on – to bring order into the chaos of paper documentation. Visit the company's website www.scanservice.com for more information. About Top Image Systems Top Image Systems 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 the content to applications that drive the organization. TIS' eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website http://www.TopImageSystems.com for more information. The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212 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
CONTACT: Top Image Systems, Ltd. Dana Rubin, Director of Corporate Marketing and Investor Relations +972 3 767 9114 firstname.lastname@example.org
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