Breukelen, the Netherlands – September 20, 2022 at 8 AM CEST– TIE Kinetix announced today a new 5-year, $500,000 contract with Clopay Building Products, a leading manufacturer of residential and commercial garage doors. With this upgrade towards TIE Kinetix's FLOW Partner Automation platform, Clopay’s supply chain solution will move 100% to the cloud.
The contract enables Clopay to move 100% to the cloud with a managed service agreement with TIE Kinetix, further optimizing their document exchange processes. All business partners of Clopay will continue to be able to exchange documents such as purchase orders, order confirmations, packing slips, and invoices – without interruption.
The partnership between Clopay and TIE Kinetix began over 15 years ago and will continue to be profitable in the coming years with the upgrade towards TIE Kinetix’s FLOW platform. The ongoing relationship shows the need for companies to rely on secure document exchange solutions that enable them to send and receive documents electronically with trading partners of any size (large, medium, and small companies.) TIE Kinetix has begun migrating all SaaS customers towards TIE Kinetix’s FLOW platform, so that all customers can enjoy the benefits the platform provides.
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.
For more information please contact:
TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO)
De Corridor 5d
3621 ZA Breukelen
T: +31-88-369-8000 (Europe) or 1-800-624-6354 (USA)
E:
Michiel.Wolfswinkel@TIEKinetix.com
W:
www.TIEKinetix.com
About TIE Kinetix
At TIE Kinetix, we help companies of all sizes achieve their digitalization goals. From 1% to 100% or anywhere in between, our cloud-native FLOW Partner Automation platform is designed to completely eliminate paper from the supply chain, enabling our customers to focus on three corporate initiatives that drive true organizational change: business process efficiency, compliance, and corporate social responsibility (CSR).
We believe that digitalization (not digitization) is the future. We believe in conscious development, and we believe in moving ourselves and our customers forward. More than 2,500 companies have chosen TIE Kinetix to support their EDI, e-invoicing, and general digitalization projects, and we proudly facilitate the exchange of over 1 billion documents through FLOW each year—the equivalent of 100,000 trees saved.
Founded in 1987, TIE Kinetix is a public company (Euronext: TIE) with offices in the Netherlands (HQ), France, Germany, Australia, and the United States. For more information, visit
www.TIEKinetix.com, and follow us on
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Submitted by Investor Relations on Wednesday, September 20, 2022.
https://news.cision.com/tie-kinetix/r/tie-kinetix-signs-contract-with-clopay-building-products-for-a-100--cloud-based-supply-chain,c3633358