LIMERICK, Ireland, June 17, 2019 /CNW/ - kneat.com, inc. (TSX-V: KSI) ("Kneat") is pleased to announce that a leading company in the field of messenger RNA ("mRNA") has selected Kneat's software as a service ("SaaS") platform for its validation lifecycle management work processes. Initially this customer will configure its computer system validation ("CSV") work process on the platform and expand to other validation processes in the future.
"This innovative biotech company is using mRNA to transform the way medicines are developed and delivered and we are excited to be supporting their operations with our leading paperless validation solution", said Eddie Ryan, Chief Executive Officer of Kneat. "Our globally scalable platform is proven to cut costs and deliver a higher compliance standard for early stage biotech to large pharma companies."
Kneat's team will begin deployment at the customer's United States headquarters in the coming weeks with an expected go-live date for CSV in the fourth quarter of 2019. In line with Kneat's typical contracts, this subscription agreement is for three years starting on June 11, 2019.
Kneat continues to expand its customer pipeline and will report on further developments as they occur.
Kneat, a Canadian company with operational headquarters in Limerick, Ireland, develops and markets the next generation Kneat Gx software platform. Multiple business work processes can be configured on the platform from equipment to computer system validation, through to quality document management. Kneat's software allows users to author, review, approve, execute testing online, manage any exceptions and post approve final deliverables in a controlled FDA 21 CFR Part 11/ Eudralex Annex 11 compliant platform. Macro and micro report dashboards enable powerful oversight into all systems, projects and processes globally. Customer case studies are reporting productivity improvements in excess of 100% and a higher data integrity and compliance standard. For more information 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 the customer, Kneat's business development activities, the use and implementation timelines of Kneat's software within the customer's validation processes, the ability and intent of the customer to scale the use of Kneat's software within the customer's organization and the compliance of Kneat's platform under regulatory audit and inspection. While such forward-looking statements are expressed by Kneat, as stated in this release, in good faith and believed by Kneat 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. Kneat 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.
SOURCE kneat.com, inc.
For further information: Sarah Oliver, Chief Financial Officer, kneat.com, inc., 2001-1969 Upper Water Street, Halifax, NS, B3J 3R7, T: +353 61 203826, E: [email protected]