HALIFAX, Feb. 14, 2019 /CNW/ - kneat.com, inc. (TSXV: KSI)
("Kneat") is pleased to announce that a top tier global healthcare customer is expanding their use of the Kneat platform to a new
manufacturing site. This customer was signed in July 2018, went live at their primary
European site in December 2018 and is now expanding to a second site located in the United
States.
This customer's initial deployment was for commissioning and qualification ('C&Q'). The new site will utilize the
Kneat platform to leverage their C&Q framework that was centrally configured at the European site. The plan is to
go-live at the second site within six to eight weeks. Kneat's innovative design enables any global site to centrally manage
their processes in a controlled and compliant manner while facilitating a transition to fully paperless and standardized
validation processes.
"In 2018 we signed seven multinational customers in the life sciences industry and three went live in the second half of 2018
with initial deployments. All three are now expanding their use of the platform. The other four customers are now in
the process of their initial deployment and we look forward to working with them as they go-live," said Eddie Ryan, Chief Executive Officer of Kneat.
Kneat continues to expand its customer pipeline and will report on further developments as they occur.
About Kneat
Kneat develops and markets the next generation Kneat Gx software platform. Multiple business processes can be configured
on the platform from equipment to computer system validation, through to quality document management. Kneat's software
allows users to author, review, approve, execute testing online, manage any exceptions and post approve final deliverables in a
controlled FDA 21 CFR Part 11/ Eudralex Annex 11 compliant platform. Macro and micro report dashboards enable powerful
oversight into all systems, projects and processes world wide. Customer case studies are reporting productivity
improvements in excess of 100% and a higher data integrity and compliance standard. For more information visit www.kneat.com.
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking
information" within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is
not limited to, the relationship between Kneat and the customer, Kneat's business development activities, the use of Kneat's
software within the customer's facilities, the ability to scale the use of Kneat's software within the customer's organization
and the compliance of Kneat's platform under regulatory audit and inspection. While such forward-looking statements are
expressed by Kneat, as stated in this release, in good faith and believed by Kneat to have a reasonable basis, they are subject
to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these
forward-looking statements may differ materially from actual results or events. These forward-looking statements are not
guarantees of future performance, given that they involve risks and uncertainties. Kneat does not undertake any obligation
to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws.
Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation
of that statement. Continued reliance on forward-looking statements is at an investors' own risk.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE kneat.com, inc.
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