TEL AVIV, Israel, Sept. 8, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, today announced its eFLOW is being implemented to automate the extraction of data of the 2009 Vietnam Population Census project survey forms, reviewing more than 85 million citizens.
For the first time, the General Statistics Office (GSO) of Vietnam utilizes advanced document scanning to help classify and compile the results of its 2009 Census. The total information management solution also includes technology from FPT Information System Joint Stock Company (FPT IS JSC) and Digital Solutions Global (DSG), and connects KODAK i780 Scanners.
This solution extracts data from millions of completed survey forms and helps officials reduce the overall workload of the 2009 Census by 50 percent, delivering results in three months, versus the year-long process in the 1999 Census.
"Vietnam's 2009 Census represents a critical benchmark for assessing the country's overall socio-economic progress and charting future strategic development plans," said Dr. Ido Schechter, Chief Executive Officer of TIS. "The suite of selected technologies focuses on delivering highly accurate information to officials quickly and effectively."
"For TIS, executing the Vietnam's 2009 Census is part of series of achievements in this marketplace and a first in a series of population census projects that will be conducted throughout 2010 worldwide. Over the past few months, we have established partnerships with local representatives, mainly BPOs, with which we can present a superior solution to address the growing needs for AP automation," Dr. Schechter continues.
Comprised of more than 300,000 collectors, enumerators, government officials and supervisors, the census team will produce key indicators on progress in poverty, health and education. Results will be applied to four national databases on citizens, investment, land and judiciary.
About Top Image Systems
Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
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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, particularly statements regarding future operating or financial performance. Words such as "will," "expects," "anticipates," "estimates," "intends," "believes," "plans" 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), TIS's ability to successfully integrate businesses it acquires, litigation (including litigation over intellectual property rights), 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.