Sekisui to Implement Boardwalktech's Unity
Central Application
CUPERTINO, Calif, Jan. 16,
2024 /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) -
Boardwalktech Software Corp. ("Boardwalktech" or the "Company"), a
leading digital ledger platform and enterprise software solutions
company, is pleased to announce that the Company has expanded
commercial agreements with three of its existing customers, with
one of these customers, Sekisui Chemical, implementing
Boardwalktech's new Unity Central application to enhance its supply
chain visibility and data management capabilities. Current supply
chain solutions often rely on legacy approaches involving extensive
data integration to a common data model resulting in protracted
visibility timelines, missed or delayed order fulfillment,
chargebacks and penalties. The ROI delivered by the Boardwalk
Unity Central solution improves order fill rates (known within the
industry as Perfect Order Rates, or "POC"), reduces chargebacks and
penalties, increasing both top line revenue, margins and overall
customer satisfaction.
In addition to the newly expanded business relationships,
Boardwalk has also executed steps to realign its internal resources
with a focus on achieving overall profitability, without
compromising sales growth. The purpose of this realignment is to
increase efficiency with regards to closing deals in its pipleine,
including the new Unity Central solution, and better align the
Company with its global teaming partners and their sales efforts
for the Velocity solution. This realignment of resources is
expected to generate approximately US$1,000,000 in annual cost savings, allowing the
Company to focus new efforts on selective strategic Sales and
Marketing additions, while also accerlating its projected timeline
to profitability.
"We continue to see good initial demand for our Unity Central
solution both from existing customers and new customers. The Unity
Central solution augments Boardwalk's current platform, by
providing a cutting-edge approach that empowers companies to better
understand and quickly take action based on critical supply chain
signals embedded in unstructured data, including documents and
emails, that flow within their supply chain ecosystem. Combined
with our core Digital Ledger solution, Boardwalk can now offer a
holistic solution to customers – whether mission critical data
resides in spreadsheets or documents ," said Andrew T. Duncan, CEO of Boardwalktech. "In
addition to landing new and expanding current customer
relationships, the cost savings realised from our most recent
realignment will help us get to profitablility sooner and will not
have any impact on our top line growth."
About Boardwalktech Software Corp.
Boardwalktech has developed a patented Digital Ledger Technology
Platform currently used by Fortune 500 companies running
mission-critical applications worldwide. Boardwalktech's digital
ledger technology and its unique method of managing vast amounts of
structured and unstructured data is the only platform on the market
today where multiple parties can effectively work on the same data
simultaneously while preserving the fidelity and provenance of the
data. Boardwalktech can deliver collaborative, purpose-built
enterprise information management applications on any device or
user interface with full integration with enterprise systems of
record in a fraction of the time it takes other non-digital ledger
technology-based platforms. Boardwalktech is headquartered in
Cupertino, California with offices
in India and operations in
North America. For more
information on Boardwalktech, visit our website at
www.boardwalktech.com.
Forward-Looking Information and Statements
This press release contains certain "forward-looking
information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such forward-looking information and statements are not
representative of historical facts or information or current
condition, but instead represent only the Company's beliefs
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of the Company's
control. Generally, such forward-looking information or statements
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved".
By identifying such information and statements in this manner,
the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of the Company is speculative and
subject to several risks including, without limitation, the risks
discussed under the heading "Risk Factors" in the Company's filing
statement dated May 30, 2018.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information and forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended.
In connection with the forward-looking information and
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral
forward- looking information and statements attributable to the
Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE BoardwalkTech