ProntoForms wins $360K contract with global HVAC manufacturer for multi-language capability
August 09 2023 - 7:00AM
ProntoForms Corporation (TSXV: PFM), the global leader in field
intelligence, has announced a $360K contract win for its new
multi-language workflow capability. This move further expands
ProntoForms’ existing business relationship with this global heavy
equipment manufacturer, who is gearing up to deploy the feature to
roughly 2,500 technicians speaking over 10 languages in as many
countries. The heavy equipment company also expects to extend the
rollout to another 1,200 users across the EMEA and Latin America
region throughout 2024.
The multi-language integration will help address
immediate challenges in compliance, process standardization, and
business efficiency. Lack of native language support has rendered
users in multiple markets unable to use critical workflows.
Similarly, the use of different languages in their forms has made
compliance requirements challenging. Other regional operations have
had to create workarounds in the absence of a direct solution,
giving rise to unnecessary complication. The gap left by missing
translations has had a considerable impact on decision-making and
the overall agility of the organization. The selection may enable
opportunities for new markets where the prevalence of multiple
languages would otherwise present a significant barrier to
entry.
“Our customer saw the tremendous business
benefits of deploying this add-on to thousands of technicians
across many continents,” Philip Deck, co-CEO of ProntoForms,
explained. “By allowing their field service staff to express their
technical fluency regardless of the language used, the customer
will be able to harness the full potential of field intelligence
across geographic and cultural borders. Language can be a barrier,
and the sooner organizations enable employees of all languages the
faster they can achieve the highest levels of productivity,” he
added.
“Lack of local language support is challenging
in many ways. The modern local workforce is more fluid and
multilingual every day, while global companies continue to serve
customers who span multiple languages and demand dexterity in
managing different scenarios. Jurisdictional compliance
requirements are also becoming increasingly region-specific. For
organizations looking to optimize both their customer and
technician experience, our capability removes workarounds and
impediments to scalability, providing alternatives for local
agility and central coordination to increase productivity. This is
just the start of the many improvements our multi-language roadmap
is delivering,” co-CEO Alvaro Pombo commented.
The multi-language add-on package was released
by ProntoForms earlier this year, giving multinational field
service environments the capability to collaborate on a single
workflow without the need for separate versions in different
languages. “Part of our mission is to help technicians service
assets safely and confidently. This creates more confident service
and can be a real differentiator for field organizations,” Chief
Product Officer Glenn Chenier concluded.
About ProntoForms Corporation
ProntoForms, soon to be TrueContext, is the global leader in field
intelligence. The platform’s field workflows and data collection
capabilities enable enterprise field teams to optimize
decision-making, decrease organizational risk, maximize the uptime
of valuable assets, and deliver exceptional service experiences.
Over 100,000 subscribers use ProntoForms across multiple use cases,
including asset inspection, compliance, installation, repair,
maintenance, and environmental, health & safety with
quantifiable business impacts.
The Company is based in Ottawa, Canada, and
trades on the TSXV under the symbol PFM. ProntoForms is the
registered trademark of ProntoForms Inc., a wholly owned subsidiary
of ProntoForms CorporationFor additional information,
please contact:
Alvaro Pomboco-Chief Executive Officer ProntoForms Corporation
613.599.8288 ext. 1111 apombo@prontoforms.com |
Philip Deckco-Chief Executive Officer ProntoForms Corporation
416.702.3974pdeck@prontoforms.com |
Dave CroucherChief Financial OfficerProntoForms Corporation
613-286-9212dcroucher@prontoforms.com |
Certain information in this press release may
constitute forward-looking information. For example, statements
about the Company’s future growth or value, the revenues
anticipated to be received by the Company from recent contracts
referred to above and anticipated market trends are forward-looking
information. 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’s
business and value may not grow as anticipated or at all, revenue
anticipated from contracts may not be received due to many risks,
including factors specific to the customer, and anticipated market
trends may not occur or continue. Historical growth levels and
results may not be indicative of future growth levels or results.
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. There are a number of risk factors that could cause future
results to differ materially from those described
herein. Please see “Risk Factors Affecting Future Results” in
the Company’s annual management discussion and analysis dated March
9, 2022 found at www.sedar.com for a discussion of such
factors.
ARR is calculated as the annual equivalent of
the recurring elements of our contracts with customers that are in
effect at the end of the period. It excludes one-time professional
service fees and assumes that customers will renew the contractual
commitments on a periodic basis as those commitments come up for
renewal, unless such renewal is known to be unlikely at period end.
Please also refer to the Company’s management discussion and
analysis for the year ended December 31, 2022 for a description of
how the Company determines and uses ARR.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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