TECSYS Wins Again in the Industrial Gas & Supplies Industry
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MONTREAL, QUEBEC, Sep 02 (MARKET WIRE) --
TECSYS Inc. (TSX: TCS), 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outdated technologies.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 Copyright TECSYS Inc. 2008. All names, trademarks, products,
and services mentioned are registered or unregistered trademarks of their
respective owners.
Contacts:
TECSYS Inc.
Solutions and general info: info@tecsys.com
Investor relations: investor@tecsys.com
Media relations: media@tecsys.com
514-866-0001 or 800-922-8649
www.tecsys.com
Copyright 2008, Market Wire, All rights reserved.
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