TEL AVIV, Israel, Nov. 10, 2010 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA-L), the leading ECM (Enterprise Content Management) innovator of intelligent document recognition, announced today that it has been selected by the National Statistics Office (NSO) in Thailand to process 38 million forms for the Thailand census.
TIS will be working on the project in partnership with Teletrol-One, a leading systems integrator of software solutions in Thailand's public sector for over 18 years.
The NSO was looking for a system that could rapidly process the large document quantities involved in the census without compromising accuracy. An intensive selection procedure was carried out, including proof of concept (POC) and benchmark testing; following the initial tender process, eFLOW was selected to take part in a pilot program that began in 2009.
During the pilot phase, which lasted one year, eFLOW surpassed the NSO's benchmarks and effectively demonstrated flexible workflow processes. Upon completion of the pilot phase, the NSO selected eFLOW as its technology of choice for the census.
"We are very excited to be working with Teletrol-One on the Thailand Census," commented Alex Toh, Managing Director, of TIS Asia Pacific Pte. "Having our eFLOW platform chosen as the preferred technology for such a high-level project speaks volumes about eFLOW's capabilities. Contract wins such as this demonstrates that eFLOW, once again, has proven itself as the leading technology for processing large document quantities most effectively and efficiently."
Scanning will be carried out locally in 76 provinces throughout Thailand, with central processing taking place in Bangkok. Approximately 38 million documents will be processed by eFLOW during the census. In addition, the NSO will continue using eFLOW to process 8 million general survey forms a year.
Over the last decade, TIS has gained vast experience in worldwide census projects, including Ireland, South Africa, India, Brazil, Italy, Belarus and Vietnam. TIS' extensive knowledge in this specific area has put the company in the forefront as the partner of choice for census programs. In some countries TIS has also been reselected for the second or third census.
About Teletrol-One
Founded in 1992, Teletrol-One is an established and leading systems integrator and supplier of fully integrated IT solutions to the Thai government sector. Teletrol-One's capabilities cover all aspects of system integration and system development, and include system design, system development, system implementation as well as training of users of the systems. Teletrol-One is proud to have been selected as a partner in this most important project and sees the selection as yet another confirmation of Teletrol-One's position in the Thai IT market.
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 ContentPlatform 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 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
CONTACT: Top Image Systems Ltd. Dana Rubin, Director of Corporate Marketing and Investor Relations +972 3 767 9114 dana.rubin@topimagesystems.com