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Spescom Awarded Contract Worth Over $1 Million by Leading East Coast Utility
Strong Demand for Company's eB Nuclear Software Suite Continues As Spescom
Captures Estimated 15% Share of US Nuclear Market
SAN DIEGO, Jan. 7 /PRNewswire-FirstCall/ -- Spescom Software Inc. (BULLETIN
BOARD: ALTS) , a leading provider of content and configuration management
solutions, today announced that it was awarded a contract valued at over $1
million by a leading US power utility. The contract is for an enterprise license
for its eB Nuclear software suite, which provides an integrated platform for
information management. As a result of the contract, Spescom estimates that
approximately 15% of U.S. nuclear power plants have adopted the eB Nuclear
product suite since its launch in 2002.
"The utility selected eB Nuclear after an intensive competitive evaluation
process because of its extensive document and records management capabilities as
well as configuration management functionality," said Carl Mostert, Spescom
Software's CEO. "This significant contract win is a further endorsement for our
products and solutions, enhanced by our ability to rapidly implement and deploy
our solutions. We are the first company in the Enterprise Content Management
space that provides the ability to not only manage content in its various forms
but also the 'things' -- or artifacts that the content relates to. This unique
characteristic, together with our flexible process and change management
capabilities, is allowing us to solve a variety of business problems in an
innovative and effective manner. We are pleased that our vertical market focus
and packaging of our solutions, as evidenced by our eB Nuclear offering, is
proving successful and will continue to enhance our efforts in this regard."
eB Nuclear enables nuclear operators to manage all the information regarding its
plants throughout their life cycles and comply with regulatory standards such as
the ANSI/NIRMA CM1.0 "Guidelines for the Configuration Management of Nuclear
Plants" and the DOE-STD-1073-2003 on "Configuration Management". It facilitates
business process fusion by enabling multiple applications and processes to be
addressed in a single integrated environment resulting in improved information
access and integrity, reduced operational and IT costs and enhanced safety and
regulatory compliance.
Based on eB, Spescom's powerful integrated document, configuration and records
management platform, eB Nuclear enables operators to not only manage all types
of documents e.g. procedures, drawings, vendor manuals, records, etc but also
the systems, structures and components that these documents relate to. This
results in a greatly enhanced ability to manage change as the impact of any
change on both documents and/or equipment can be accurately determined prior to
making the change and all approved changes can be effectively communicated to
all parties and implemented.
About Spescom Software Inc.
Spescom Software (OTC:ALTS) (BULLETIN BOARD: ALTS) delivers information
management solutions that capture, manage and control all enterprise content in
context to the assets, products and processes that it relates to, resulting in
improved customer satisfaction, productivity and safety. It achieves this
through a tightly integrated suite of document, configuration and records
management technologies, combined with a powerful workflow capability, that
enables the identification of all critical enterprise information, the effective
management of change and other business processes and the maintaining of records
to ensure regulatory compliance.
Key customers include Bechtel, Continental Express, AmerenUE, City of Dayton,
Lloyds Register of Shipping, United Space Alliance, Entergy, Northeast
Utilities, London Underground, Network Rail, and many others.
About Spescom eB
eB(R) is a registered trademark of Spescom Software Inc. eB comprises an
extensive set of software components that together form the foundation for an
extremely flexible and powerful information management platform. eB's
components include: content/document management; requirements management;
records management; item management; change management; configuration management
and workflow. These components are tightly integrated with leading CAD, GIS,
office and email applications to capture, store and view information. The full
functionality of eB is available via a set of API's that enable the rapid
definition and deployment of customer specific solutions and integration with
other line-of-business applications including ERP, EAM, SCM and project
management products.
Except for historical information contained herein, the matters set forth in
this release include forward-looking statements that are dependent on certain
risks and uncertainties, including such factors, among others, as market
acceptance, market demand, pricing, changing regulatory environment, the effect
of the company's accounting policies, potential seasonality and other risk
factors detailed in the company's SEC filings.
DATASOURCE: Spescom Software Inc.
CONTACT: Carl Mostert, CEO, or John Low, CFO, +1-858-625-3000, both of
Spescom; or Ken Sgro of CEOcast, Inc., +1-212-732-4300, ext. 224, for Spescom
Web site: http://www.spescomsoftware.com/