MONTREAL, Feb. 14 /CNW Telbec/ - Sofame Technologies Inc. (TSX-V: SDW),
a leading manufacturer of environmentally efficient industrial hot
water systems and cost effective heat recovery equipment, has turned to
Autodesk® to solve a pressing business need: Growing Sofame's presence
in the competitive global marketplace. Sofame's sights are set on
offering rapid delivery of its award winning industrial boiler
efficiency systems. In 2010, Sofame began a program of outsourced
manufacturing, which required product redesign and standardization to
speed-up manufacturing, eliminate errors, and above-all, reduce costly
hours of manual work. Autodesk Consulting will now work with Sofame to
improve its engineer-to-order (ETO) business processes. New Autodesk
solutions will further reduce engineering time as well as produce
vessel drawings and P&ID's more quickly. Sofame plans to shorten sales
cycles, and handle more projects with the same number of people.
According to John Gocek, President of Sofame, "Shortening the sales
process and reducing engineering time is a huge win for Sofame."
Sofame is pleased to report that the audit of its annual financial
statements for the period ending September 30, 2010 is progressing
normally. Sofame expects to release these documents no later than
March 15, 2011. Sofame also expects to produce the financial
statements and related materials for the quarter ending December 31,
2010 on March 22, 2011. Sofame is reporting on progress in accordance
with Policy 12-203. Certain directors, officers and insiders of SOFAME
are prohibited from trading in securities of SOFAME for as long as the
annual financial statements, MD&A and related certifications are not
filed. All other persons, other than directors, officers or insiders,
may trade freely in the Corporation's securities.
Sofame Technologies Inc. custom engineers and manufactures unique,
high-efficiency direct-contact industrial hot water systems which
extract up to 99 percent of heat from flue gases depending on the
application, and return the energy in the form of high-temperature hot
water or pre-heated make-up air. Sofame's products help hospitals, food
processing plants, universities, central heating plants, utilities and
many more large energy consumers to significantly reduce fuel costs and
greenhouse gas emissions. Using world-leading, patented green
technology, Sofame serves industrial, institutional and commercial
markets through a network of dedicated engineering representatives. For
more information, visit www.sofame.com.
Neither 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 SOFAME TECHNOLOGIES INC.
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