NEW YORK and TEL AVIV, Israel, June 6, 2013 (GLOBE NEWSWIRE) -- Top Image Systems (TIS), Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) intelligent content capture, workflow and delivery and mobile payments solutions provider, announced today that the Company has filed a patent to the U.S. Patents Office for an innovative new TIS capture product - GlassCapture™, a Google Glass capture application (Glassware).
The new product will enable users to capture documents by means of snapping images of the documents using a wearable computer such as Google Glass and then recognizing and processing the documents. GlassCapture™ will aid users to make decisions based on the captured documents and related information retrieved during document processing.
TIS is presenting the concept of the new product to a large audience of Top Image Systems' customers, partners and industry colleagues during the NYC event organized by TIS on June 6 to mark the launch of eFLOW5®, the latest version of the Company's flagship enterprise capture platform. The new product will definitively strengthen the position of TIS as a significant thought leader in the data capture market in general and in the mobile capture market in particular."GlassCapture™ will bring about a paradigm change in how people interact with documents. With this product, the market trend towards empowering the remote workforce will progress dramatically," explains Isaac Rome, Vice President Global Banking and Mobile, Top Image Systems. "Once again, TIS illustrates that the successful combination of years of experience and expertise in the document capture space combined with thorough research of the emerging mobile device technologies is an effective synergy that enables us to develop cutting-edge new mobile capture products with real business value." About Top Image Systems Top Image Systems™ (TIS™) 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's eFLOW 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. 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: Company Contact: Shelli Zargary Director of Corporate Marketing email@example.com +972 3 767 9114 Or Investors: James Carbonara Regional Vice President, Hayden IR firstname.lastname@example.org + 1 646 755 7412
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