GroveWare Technologies Completes Technology Suite for the Manufacturing Sector with Mobile Traveler Form Process and Mobile Quality Assurance Company Targets $50 Million+ Revenue Opportunity Over Next Five Years
TORONTO, March. 12, 2013 /PRNewswire/ -- GroveWare Technologies Ltd. (OTCQB: GROV) – a provider of enterprise mobile solutions connecting workforces by smartphones and tablet devices, is pleased to announce the launch of the Mobile Traveler e-form solution, which completes the current suite of technology for the manufacturing sector. The technology will allow companies to better track work orders on the production floor through the elimination of paper processes.
Paired with GroveWare's proprietary Mobile Quality Assurance solution, this technology suite empowers companies to reduce production costs, minimize overhead and maximize efficiency by recording data electronically. Among the early adopters looking to deploy MobiTask solutions in the manufacturing sector is E/M Coating Services, a division of Curtis Wright Corporation (CW), a diversified Global provider of highly engineered products and services for the aviation industry.
"E/M Coating Services' introduction of our technology is opportune as it allows MobiTask to be entrenched solidly into E/M's manufacturing sector offering," stated Hrair Achkarian, CEO GroveWare Technologies. "We collaborated with E/M Coating in our initial trial so that it would be as efficient as possible. Now, we expect to have Mobile Traveler rapidly deployed to over 60 E/M facilities."
"This agreement should add significant growth and profitability to GroveWare's bottom line in 2013 and beyond," states Achkarian. "We have identified 400,000 potential manufacturing companies that can benefit from MobiTask and conservatively estimate a potential $50- $60,000,000 revenue stream for the next five years. Our business plan calls for rapid solution deployment in all sectors of the economy and we are confident in our ability to deliver powerful, Commercial Off The Shelf (COTS) solutions with a recognizable presence across the business spectrum, building on our strong customer relationships and leveraging our channel partners such as Verizon Wireless."
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About GroveWare Technologies Ltd.
GroveWare is one of North America's leading providers of mobile solutions to enterprise, connecting workforces by mobile device to a wide selection of ERP systems and helping American businesses and institutions to enhance productivity and improve profitability by mobilizing and automating business processes. GroveWare's showcase software, MobiTask, is a wireless client application compatible with all smartphones and tablets including: iPhone®, iPad®, BlackBerry®, PlayBook™, and all devices using the Android™ or Windows Mobile® wireless platforms. MobiTask mobilizes employee tasks in the field and connects them directly to the organization's enterprise software systems. MobiTask allows organizations to rapidly and cost-effectively deploy mobile solutions for workers on the go. MobiTask provides the convenience of using dynamic electronic forms created using GroveWare's eXFORMA™ middleware to collect field data, manage workflow, HR and CRM tasks wirelessly, store documents locally and integrates quickly with most ERP systems and back-end databases on any application such as Oracle® e-Business Suite™, PeopleSoft™, SharePoint™, Kronos® Workforce Central™, MS Dynamics™ or SAP®. Users can remotely and wirelessly clock-in/out, approve and initiate workflow tasks, or use dynamic e-Forms for inspections, licensing and data collection all from their smartphones. GroveWare is especially targeting the government, construction, healthcare, and law enforcement sectors and its successes to-date and rapidly growing interest from these and other quarters of business, provide exciting growth challenges and opportunities for the company.
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
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SOURCE GroveWare Technologies Ltd.