Epic Data Provides Update on Chinese Joint Venture
December 10, 2012 -- !-- AddToAny BEGIN -->
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/10/12 -- Epic Data International Inc. (TSX VENTURE:EKD), a provider of manufacturing execution systems (MES), today announced that its majority owned joint venture in China successfully implemented its first MES project. The production system was developed for one of China's largest manufacturers of heavy trucks.
The EpicHUST joint venture was formed in March 2012 with Huazhong University of Science & Technology (HUST), one of China's most renowned engineering universities. In addition to its first system go-live, the EpicHUST joint venture has achieved the following results since its recent formation:
1. Signed 10 contracts for MES projects with Chinese manufacturers in the automotive, aerospace and industrial equipment industries; 2. Grown staffing at its operations in Wuhan, Hunan Province to 110 employees; and 3. Relocated its operations from the campus of Huazhong University to the Wuhan Optical Valley Software Park with accommodation for over 200 staff.
"We are extremely pleased with the early market success that our Chinese joint venture has achieved in only eight months since its inception", stated Epic Data International CEO Robert Nygren. "By partnering with such a prestigious and well connected academic institution, we have accelerated our China strategy to become a significant provider of world-class technologies to Chinese manufacturers."
About Epic Data International Inc.
Epic Data International Inc. has produced manufacturing execution and warehouse management solutions for nearly 40 years. Epic Data solutions synchronize supply chain and production activities to achieve real-time visibility of manufacturing metrics that reduces cycle times and costs, optimizes production planning and control, and boosts quality and efficiency. The solutions are easily implemented either by module or as a completely integrated solution suite across the global enterprise. Customers include Lockheed Martin, Bell Helicopter, Komatsu, Hawker Beechcraft, Bombardier Learjet, CAE Inc., Kingfisher (B&Q) plc, Joy Mining Machinery, Cobham Defence Communications Ltd., GE Aircraft Engine, Contour Premium Aircraft Seating, McBride plc, Phoenix Contact, Rolls-Royce and Volvo.
For more information about Epic Data and its joint venture, please visit our websites at www.epicdata.com and www.epichust.com.
Caution Regarding Forward-looking Statements
Certain information in this news release may contain forward-looking statements that involve risks and uncertainties. Such forward-looking statements, including but not limited to those with respect to future business in China that may be developed through the joint venture in China, relate to 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 by such forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Epic Data International Inc.
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