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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
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
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.
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".
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.
- Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release-
SOURCE: Sylogist Ltd.
For further information:
Jim Wilson, President and CEO