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TEL AVIV, Israel and PLANO, Texas, April 05, 2016 -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, announced today that the United States Patent and Trademark Office has examined the application filed by TIS in 2013 to protect our unique method for mail classification and automatic response generation and has allowed for its issuance as a patent.
This patent will protect TIS’ research and development in the area of automated document understanding, empowering eFLOW® software to more closely mimic human comprehension of content and context. These developments will advance future-forward technologies in the Digital Mailroom arena, enabling enhanced intelligent document recognition and extremely accurate classification capabilities that will improve automated customer communications management, contributing to enhanced customer engagement, satisfaction and retention.
In today’s expanding digital mailroom market, TIS collaborates with strategic partners to offer enterprises complete end-to-end Digital Mailroom solutions. These solutions effectively capture and process incoming documents, on the one hand enabling efficient, economic straight-through-processing of those documents that can be managed automatically, while on the other hand rapidly and accurately classifying, prioritizing and routing significant customer communications to the right processes and persons to facilitate customer-centric business operations.
“To maintain our technological edge, Top Image Systems continually invests in innovative R&D that lets us bring to market increasingly intelligent document automation capabilities,” remarked Carsten Nelk, CTO, Top Image Systems. “The issuance of this patent positions TIS far ahead of our competition in the automated mail management space. We are confident that advanced classification and response generation will be key in business process automation solutions going forward and expect TIS to continue to be an important player in this market.”
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.
Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations [email protected] +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR [email protected] + 1 646 755 7412
