Top Image Systems’ US Patent Application Allowed for Issuance as a Patent
April 05 2016 - 9:00AM
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
shelli.zargary@topimagesystems.com
+972 3 767 9114
Investors:
James Carbonara
Regional Vice President, Hayden IR
james@haydenir.com
+ 1 646 755 7412
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Top Image Systems, Ltd. - Ordinary Shares (NASDAQ:TISA)
Historical Stock Chart
From Jul 2023 to Jul 2024