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Date Posted: 9/2/2008
TECSYS Wins Again in the Industrial Gas & Supplies Industry
On-Track to Become the Technology Standard for this Market
MONTREAL, QUEBEC--(Marketwire - Sept. 2, 2008) - TECSYS Inc. (TSX:TCS - News), an industry-leading supply chain management software and solutions company, announced today that it has signed a new software license agreement with another U.S. industrial gas and welding supplies distributor; the sixth new customer in a short period of time since the Company entered this market less than two years ago. Distributors in this industry provide high-volume industrial gas, both bulk and per cylinder, as well as related supplies and services to the industrial, bio-tech and high-tech markets across the U.S., Mexico and Canada. The supply chain management technology available to this industry has been very limited with some distributors resorting to developing their own solution and most distributors using legacy systems running on outdated technologies.
Since TECSYS entered this market, distributors in this industry have opted for TECSYS' supply chain execution technology to realize their business objectives. With TECSYS' industry specific applications, expertise and customer-oriented people, industrial gas and welding supply distributors are acquiring best practice solutions on a powerful web-based technology.
Peter Brereton, President and CEO of TECSYS stated: "For years, the industrial gas and welding industry has been under-served with old supply chain execution technology. As we strategically focused on this vertical, we brought to the table 25years of distribution expertise, Java technology and industry-specific applications that have captured the attention of this industry's leaders. With some 150 industrial gas and welding distributors in North America, TECSYS is at the infancy stage of another healthy market sector where we play a leading position with technology and expertise that is becoming this industry's standard."
With TECSYS, industrial gas and welding distributors are able to realize the following benefits:
- Efficient supply chain execution-effectively address the many challenges of transaction-rich processes by providing instant visibility, processing power and access to pertinent, real-time information. Virtually no manual functions compared to before.
- Access to information at their fingertips-Easy access to accurate information, reporting and analysis, ensuring that management has the information they need to make the right decisions.
- Improved customer service-real-time information, tracking of inventory and cylinders at all times wherever they are. Enables management and customer service representatives to better serve customers and respond to their queries, quickly and efficiently.
- Strengthened support-removes any limitations and barriers due to small in-house application development resources. Substantially strengthens support to their IT infrastructure and brings proven distribution applications to its operations.
About TECSYS
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 500 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general high-volume wholesale distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2008. These documents have been filed with the Canadian securities commissions and are available on our website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © TECSYS Inc. 2008. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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