Newly acquired "Epic Data" division signs $2+ million in contracts
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CALGARY, July 9, 2013 /CNW/ - Sylogist Ltd. ("Sylogist") - (TSX-V: SYZ), is pleased to announce the recent signing of a number of contracts by its newly acquired Epic Data division.
A Fortune 500 defence contractor, has issued a number of purchase orders for software, services and Epic Data's new UniView data entry tablets. The Epic Data designed UniView tablets are highly secure, mobile, rugged, browser based data entry terminals. The purchase of our state-of-the-art tablet for use in its production environments is a strong endorsement by a major corporation that requires secure data entry. Sylogist acquired all rights to the UniView design and technology through its recent acquisition of Epic Data completed July 1, 2013.
A second agreement, from a large food processing organization, commissions Sylogist to implement our Quality Assurance (QA) software for food production control in 17 facilities throughout the USA. This solution provides the customer with the ability to manage their food quality inspection process in their various manufacturing plants. Inspectors use mobile devices to complete their inspections and management can plan, monitor and report on the QA processes in real time, giving them visibility to and control over product quality and safety.
In the UK, the Epic Data division is implementing the first stage of a manufacturing execution system at a new LSE listed customer involved in the research, product innovation and engineering sector. A second UK based contract, with a large home improvement retailer, is focused on enhancing their warehouse management systems.
The majority of the revenue from the above contracts is expected to be recognized by the end of December, 2013.
We look forward to engaging with all our customers who are currently using the Epic Data brand of software and hardware, as well as introducing them to the latest developments we have acquired, which are just now being introduced in the market place", stated Jim Wilson, President and CEO of Sylogist.
About Sylogist
Sylogist is a technology innovation company which, through strategic acquisitions, investments and operations management, provides intellectual property solutions to a wide range of public and private sector customers. Sylogist's stock is traded on the TSX Venture Exchange under the symbol "SYZ".
Forward-looking Statements
This news release contains forward-looking statements relating to the future operations and profitability of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Sylogist. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Sylogist does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
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SOURCE: Sylogist Ltd.
Jim Wilson, President and CEO
Sylogist Ltd.
(403) 266-4808
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