TEL AVIV, Israel, Aug. 25, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq: TISA ), a leading ECM (Enterprise Content Management), BPM (Business Process Management) and MIP (Mobile Image Processing) solutions provider today announced that the patent application filed by TIS to enable capture and recognition of documents of any size using the standard camera on a smart mobile device will issue as US Patent No. 8,817,339. By protecting TIS' inventive process for capturing high quality images of documents, the patent opens a broad range of commercial opportunities for a virtually endless number of useful applications made possible by the technology.
This patent protects TIS' innovative approach to mobile capture that affords users both ease of use and high quality text recognition when capturing documents of any size with only the camera available on most mobile devices. This unique technology for image capture and processing enables automatic extraction of the information with high levels of accuracy. This innovative ability to capture and process multi-page documents anywhere and anytime without any special equipment adds tremendous convenience and value.
TIS will apply this new approach to enhance its existing MobiFLOW platform and the many applications running on the platform, as well as develop new applications that were not possible without this technology. The ability to effectively capture, index and analyze full page forms – such as insurance claims or healthcare forms – opens up a wide realm of potential new use cases that TIS is exploring with its partners and customers.
"We are extremely proud and excited by this important achievement," remarked Michael Schrader, COO of Top Image Systems. "The patent is further proof of the ingenuity and innovativeness of TIS' development team; it reinforces our position at the technological forefront of the content capture and processing industry."
Continued Mr. Schrader, "We introduced the MobiFLOW mobile image processing platform to the market as the next generation of mobile capture, and the addition of our unique capability to recognize documents of any size or length is important IP that significantly amplifies the MobiFLOW value proposition and TIS' growth potential. I commend our mobile development team on this achievement and look forward to seeing the new applications that will be developed by leveraging this knowhow."
About Top Image Systems
Top Image Systems(TM) (TIS(TM)) Ltd. is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners.
Visit the company's website at http://www.TopImageSystems.com for more information.
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Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations +972 3 767 9114 Investors: James Carbonara Regional Vice President, Hayden IR + 1 646 755 7412
