HALIFAX, Feb. 22, 2017 /CNW/ - kneat.com, inc. (TSX-V: KSI) ("kneat.com", "Kneat", or the "Company") today announced that the Journal of Validation Technology published the article 'Case Study: Implementation of an Electronic Life Cycle Management System for Validation ….and Beyond' which outlines the value of the Kneat Gx software.
The case study concludes that Kneat's software assisted a multi-national biotech company to create best practices across its global network, providing productivity gains in excess of 100% and cycle time improvements of more than 50% in validation, with the prospect of leveraging the technology across many other testing processes. In addition to creating efficiencies, the Kneat Gx platform provides management with improved visibility and reporting abilities throughout the validation process, thus providing real-time results and control that are not possible using a paper-based system.
"This case study further supports the time saving, efficiency and scalability that is possible when the Kneat Gx software is deployed," stated Eddie Ryan, Chief Executive Officer of Kneat. "We look forward to providing further benefits to our customers as Kneat Gx expands into other processes."
Kneat develops and markets the leading edge Kneat Gx software platform. Kneat Gx is an e-validation tool which enables the life sciences industry to become fully electronic with their many validation and testing processes. A key feature of the tool is that it does not restrict the user to a specific process, rather the user can quickly configure their process in the system. Our customers are streamlining all validations (process, equipment, computer, cleaning and laboratory), commissioning and qualification, product changeovers, vendor and project turnover management and more. For more information, please visit www.kneat.com.
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Kneat and its customers, the use of Kneat within the customers' manufacturing processes, the ability to scale the use of Kneat within its customers and the compliance of the Kneat Gx platform under regulatory audit and inspection. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors' own risk.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: Sarah Oliver, CFO, kneat.com, inc., 2001-1969 Upper Water Street, Halifax, NS, B3J 3R7, T: +353 61 203826, E: [email protected]