| Tue 11 May 2004, 10:35 | | SPESCOM AWARDED $1.8 MILLION CONTRACT |
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Release Date: 11/05/2004 09:50:02 Code(s): SPS
SPESCOM LIMITED - SPESCOM AWARDED $1.8 MILLION CONTRACT BY NETWORK RAIL
Spescom Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/001083/06)
(ISIN ZAE000017919)
(Share code SPS)
("Spescom")
SPESCOM AWARDED $1.8 MILLION CONTRACT BY NETWORK RAIL
Third Million-Dollar Contract Received in Recent Months
SAN DIEGO, CA, May 10, 2004 - Spescom Software Inc (OTC BB: SPCO), a leading
provider of enterprise content and configuration management solutions, today
announced that Network Rail, based in the United Kingdom, has purchased an
enterprise license of Spescom"s eB platform valued at over $1.8 million for use
throughout its operations as its corporate standard for configuration
management.
"This significant new contract from Network Rail is the largest software
contract to date for eB and is a great endorsement of our technology," commented
Carl Mostert, Spescom Software"s CEO. "It follows an extensive evaluation
process and is based on the significant ROI that Network Rail has achieved using
eB on the West Coast project. Including this new contract, we have received over
$6 million of business from Network Rail over the past few years and anticipate
further contracts to assist Network Rail in deploying eB on various projects."
The contract follows the successful deployment of eB on Network Rail"s West
Coast Route Modernization program over the past 18 months. The West Coast Route
Modernization program is a $15 billion project that involves upgrading the
entire railway infrastructure between London and Glasgow. eB provides the
platform for not only storing the information about all the assets and
associated documents and records that comprise the West Coast railway line, but
also for controlling all changes as the rail infrastructure is upgraded. This
entails keeping track of the status of approximately one million assets and over
four million associated documents and records in a safety critical environment
characterized by extensive and continuous change.
"The Network Rail order is the third $1 million contract that we have secured in
the past few months," added Carl Mostert. "It places us in a good position to
meet our financial objectives of growth and profitability for the year."
About Spescom Software
Spescom Software delivers enterprise content and configuration 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 Constellation Energy, 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 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.
11 May 2004
Date: 11/05/2004 09:50:05 AM Produced by the JSE SENS Department
