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Epic Data's Chinese Joint Venture Wins Contract with JAC Motors(April 18, 2012)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/18/12 -- Epic Data International Inc. (TSX VENTURE:EKD), a provider of manufacturing execution systems (MES), today announced that its newly launched joint venture with Huazhong University of Science & Technology (HUST) has won a contract to supply a next generation Manufacturing Execution System (MES) to Anhui Jianghuai Automobile Co. Ltd. (JAC Motors), a state owned enterprise based in Hefei, China. JAC Motors produced almost 500,000 vehicles in 2011, ranking it as the ninth-largest China-based automaker by unit production.
The next generation MES system will leverage Epic Data's network-centric technology platform and HUST's business process software and extensive Chinese automotive industry expertise. The MES system will be live in late 2012.
"This significant contract win represents a major milestone in our strategic plan to serve the expanding Chinese market for modern manufacturing technologies," said Robert Nygren, President & CEO of Epic Data International. "With our joint venture partner HUST, we now look forward to assisting many more Chinese manufacturers with their strategic initiatives to deliver high quality products through the use of innovative, world-class manufacturing technologies."
The Epic-HUST joint venture operation, which is based in the Central China city of Wuhan in Hubei Province, started operations in March, 2012. The joint venture is also currently engaged in delivering a new MES solution for Shaanxi Automobile Group, one of China's largest truck manufacturers.
About Epic Data International Inc.
Epic Data International Inc. has produced manufacturing execution and warehouse management solutions for 36 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 Hawker Beechcraft, Lockheed Martin, Bell Helicopter, Komatsu, 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. www.epicdata.com / 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 generated by 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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