LIMERICK, Ireland, June 2, 2021 /CNW/ - kneat.com, inc.
(TSXV: KSI) ("Kneat") is pleased to announce
that it has signed a three-year Master Services Agreement with one
of the world's leading engineering, consultancy and design firms to
digitize Commissioning, Qualification and Validation services to
both their food and life sciences clients.
This European-headquartered company employs over fifteen
thousand people and delivers large capital engineering projects to
multiple industry verticals, across more than ninety countries.
After an extensive evaluation process, they selected Kneat as their
corporate e-Validation platform.
The Master Services Agreement, which is effective immediately,
allows the company to scale Kneat across all operations. The
customer's initial focus on capital project delivery to food and
life sciences verticals represents a substantial opportunity for
expansion of Kneat's software over the coming years. Implementation
will commence in mid-June 2021 with
an expected go-live date in September
2021.
"We are pleased to be trusted as the solution of choice for this
leading engineering firm", said Eddie
Ryan, Chief Executive Officer of Kneat. "This win adds to
our growing list of top tier customers in the life sciences supply
chain and further validates the significant benefits our platform
provides to this market segment."
Kneat continues to expand its customer base and will report on
further significant developments as they occur.
About Kneat
Kneat, a Canadian company with operational headquarters in
Limerick, Ireland, develops and
markets the next generation Kneat Gx SaaS platform. Multiple
business work 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 globally. 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 and implementation
timelines of Kneat's software within the customer's validation
processes, the ability and intent of the customer 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.
