GroveWare Technologies Enters Into Agreement with Latex Construction Co.
Deal is 10 th in Construction Industry for GROV
TORONTO--(BUSINESS WIRE)-- GroveWare Technologies Ltd. (GROV) - a provider of enterprise mobile solutions connecting workforces by mobile devices, is pleased to announce a technology services agreement with Latex Construction Co., based in Atlanta, Georgia. Under the terms of the agreement, GroveWare will supply its revolutionary mobile data collection and communication technologies (MobiTask™) in the field for Latex Construction, allowing the company to simultaneously increase efficiency and worker safety.
Introduced to GroveWare by Business Solutions partner Verizon Wireless, Latex Construction, specializes in Pipeline construction, under contract with Atlanta Gas Company, is qualified to do business in 37 states and enjoys one of the largest bonding capabilities in the U.S. with a stated emphasis on worker safety. GroveWare will assist Latex Construction using its MobiTask™ app which allows Latex field operatives to better enforce safety compliance and reporting onsite through a broad spectrum of mobile devices. The technology enables Latex Construction to create a paperless exchange of critical data from the field to the cloud where it can be recalled as needed.
"This is a critical step in the execution of our business plan," states GroveWare Technologies CEO, Hrair Achkarian. "The agreement gives us our largest account to date in an industry clamoring for greater efficiency and safety which is populated by well over five million workers and over 750,000 companies. Not only does this agreement add yet another vertical to the markets we're servicing but it will also provide a template and substantive case study to use when prospecting other potential clients. And like our previous construction industry accounts, this deal is designed to generate recurring revenue over a term of 3-5 years, contributing to construction related revenue we expect to exceed $2 million in 2013 alone."
"It is becoming evident that our technology is a game changer for the construction industry," said Achkarian. "MobiTask™ effectively prevents data loss by eliminating paper and allows the company to communicate to insurance companies and regulatory bodies in a much more efficient way, simultaneously reducing liability, fines, and other penalties while generally improving worker safety site-wide."
Stay informed on GroveWare Technologies developments by getting FREE news alerts & updates delivered directly to your mobile phone by texting GROV to 545454 from your cellular device or visit http://grov.mobi for more details.
For more information on Latex Construction Co. visit www.latexconstruction.com/
About GroveWare Technologies Ltd.
GroveWare is one of North America's leading providers of mobile solutions to enterprise, connecting workforces by mobile device to a wide selection of ERP systems and helping American businesses and institutions to enhance productivity and improve profitability by mobilizing and automating business processes. GroveWare's showcase software, MobiTask, is a wireless client application compatible with all smartphones and tablets including: iPhone®, iPad®, BlackBerry®, PlayBook™, and all devices using the Android™ or Windows Mobile® wireless platforms. MobiTask mobilizes employee tasks in the field and connects them directly to the organization's enterprise software systems. MobiTask allows organizations to rapidly and cost-effectively deploy mobile solutions for workers on the go. MobiTask provides the convenience of using dynamic electronic forms created using GroveWare's eXFORMA™ middleware to collect field data, manage workflow, HR and CRM tasks wirelessly, store documents locally and integrates quickly with most ERP systems and back-end databases on any application such as Oracle® e-Business Suite™, PeopleSoft™, SharePoint™, Kronos® Workforce Central™, MS Dynamics™ or SAP®. Users can remotely and wirelessly clock-in/out, approve and initiate workflow tasks, or use dynamic e-Forms for inspections, licensing and data collection all from their smartphones. GroveWare is especially targeting the government, construction, healthcare, and law enforcement sectors and its successes to-date and rapidly growing interest from these and other quarters of business, provide exciting growth challenges and opportunities for the company.
Safe Harbor Statement: Certain statements and information included in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
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