LIMERICK, Ireland, June 2, 2021 / CNW / – kneat.com, inc. (TSXV: KSI) (“Kneat”) is pleased to announce that it has signed a three-year master service contract with one of the world’s leading engineering, consulting and design companies to digitize commissioning, qualification and validation services for its foodstuffs and customers from the life sciences.
Headquartered in Europe, this company employs over 15,000 people and delivers large investment projects to multiple industries in more than 90 countries. After an extensive evaluation process, they selected Kneat as their in-house e-validation platform.
The Master Service Agreement, which is effective immediately, enables the company to scale Kneat across companies. The client’s initial focus on delivering capital projects for the food and life sciences industries presents a significant opportunity for Kneat’s software to expand in the years to come. Implementation begins in Mid-June 2021 with an expected go-live date in September 2021.
“We are excited to be trusted as the solution of choice for this leading engineering firm,” said Eddie Ryan, Managing Director of Kneat. “This win complements our growing list of top tier customers in the life science supply chain and confirms the significant benefits our platform brings to this market segment.”
Kneat continues to expand its customer base and will promptly report on further significant developments.
Kneat, a Canadian company with operational headquarters in Limerick, Ireland, develops and markets the next generation Kneat Gx SaaS platform. Several business processes can be configured on the platform, from equipment to validation of computer systems to quality document management. Kneat’s software enables users to create, review, approve, run tests online, manage exceptions and post-approve final results on a controlled platform that is FDA 21 CFR Part 11 / Eudralex Annex 11 compliant. Macro and micro report dashboards provide a powerful overview of all systems, projects and processes worldwide. Customer case studies report productivity gains of more than 100% and higher data integrity and compliance standards. More information is available at www.kneat.com
Cautionary Notes 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, Kneat’s relationship with its customers, Kneat’s business development activities, and the usage and implementation schedules of the Kneat software within the customer’s validation processes, the customer’s ability and intent to scale, the use of Kneat’s software within the customer’s organization, and the compliance of the Kneat platform with regulatory reviews and inspections. While such forward-looking statements by Kneat, as stated in this press release, are made in good faith and are believed by Kneat to be reasonable based, they are subject to important risks and uncertainties. Because of these risks and uncertainties, the events predicted in these forward-looking statements could differ materially from actual results or events. These forward-looking statements are not guarantees of future performance because they involve risks and uncertainties. Kneat assumes no obligation to publicly publish changes to any forward-looking statement except as required by applicable securities laws. Investors should not assume that failure to update a previously published forward-looking statement will reaffirm such statement. Continued reliance on forward-looking statements is at the investor’s own risk.
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE kneat.com, inc.
For more information: Hugh Kavanagh, Chief Financial Officer, kneat.com, inc., Kneat Solutions, Unit 7 Castletroy Business Park, Castletroy, Limerick, V94 KW28, Ireland T: +353 61 203826, E: [email protected]