DICOM Deutschland Eliminates Paper Archives with Authentidate Solution
Legally Binding Signatures Eliminate the Need of Storing Paper Originals After Scanning
DUSSELDORF / Freiburg Breisgau
October 29, 2002
Authentidate International AG, a wholly-owned subsidiary of Authentidate Holding Corporation (Nasdaq: ADAT), and an accredited trust center by German Regulatory Authority for Telecommunications and Post (RegTP), today announced a distribution agreement with DICOM Deutschland AG, a subsidiary of DICOM Group plc, the leader in the electronic document capture (EDC) market, of Authentidate’s legally binding technology solutions for the electronic data capture (scanning) industry.
Authentidate’s technology integrates seamlessly into existing document capture processes by adding electronic signatures, compliant to the stringent German signature law, within high volume scan solutions. This enables corporations and organizations to store electronic images of scanned paper without the need of archiving the paper originals. By eliminating internal and external paper archives cost reductions and productivity improvements are instantly available. Both companies expect additional revenues of about 1.5 million Euro (approximately $1.5 million) within the next 36 months.
DICOM Group is selling products of the US subsidiary, Kofax Image Products, in 60 countries worldwide. Kofax Ascent Capture has become the most widely used capture software in the world with more than 32,000 licenses sold, resulting in more than 4,000 installations. DICOM Group and Authentidate expect a significant increasing demand within the next years for scan solutions which meet the requirements of the German signature law and the European directive.
Various industries, e.g. insurance, telecommunications or government, deal every day with hundreds of thousands different paper documents for mid-term and long-term archival, such as letters, faxes and receipts. "By using Authentidate’s ground breaking technology our customers are able for the first time to transform paper based processes into electronic ones and will benefit from predictable cost cutting potentials", explained Joachim Froning, CEO of DICOM Deutschland AG.
"DICOM is our distribution and sales partner of choice", added Marc Willerns, member of the executive board of Authentidate International AG. "DICOM's international presence fits perfectly into our international strategy and makes the solution instantly available to customers in many countries, including DICOM's technical support services."
About Authentidate International AG
Authentidate International AG (www.authentidate.de), Düsseldorf, Germany is the first Accredited Certification Provider, certified by the German Regulatory Authority for Telecommunications and Posts (RegTP), focusing legal binding timestamps compliant to the strong German electronic signature laws and European signature directives. Thus, the time signatures supplied by Authentidate International AG for any electronic data provide the highest level of protection recognized by law in the form of qualified digital signatures.
Authentidate is also the first accredited vendor focusing business process solutions, based on electronic signatures and time stamping technology. Authentidate’s Business Solutions feature short ROI (return of invest) cycles, simple integration, low operating expense and ease of use. The unique design enables most customers for the first time receiving substantial profit contributions from signature and time stamping technologies.
The Authentidate Group is worldwide present in Europe, USA and through partners also in Asia. Authentidate Holding Corp, Inc. located in USA (New York) is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN 893715).
About Authentidate Holding Corp.
Authentidate Holding Corp. (AHC) is the holding company of five business units: DocSTAR, Authentidate International AG, Authentidate, Inc., DJS Marketing Group/Computer Professionals International and Trac Medical Solutions, Inc. Authentidate and Authentidate AG provide the authentication of digital data through its proprietary and patent pending technology. Authentidate is establishing itself as the authority on "content security," a growing sector of the electronic network security infrastructure market Trac Medical uses the Authentidate service to improve speed, accuracy and security in processing medical forms. These three business units comprise the Authentidate Segment for financial reporting purposes. DocSTAR sells a complete line of document imaging products and DJS delivers professional services centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products.
About DICOM Group plc - DICOM Deutschland GmbH
DICOM Group plc ("DICOM Group") is the global leader in the Electronic Document Capture ("EDC") market, a fast growing segment of the Office Automation industry. EDC improves the performance of many business applications such as document and content management and converts non-digital and digital documents into structured data streams. Its implementation allows substantial increases in office efficiency and offers high returns on investment. DICOM Deutschland AG, based in Freiburg, i. Br., is the German subsidiary of DICOM Group which operates today with 720 employees in 23 countries. DICOM Deutschland AG, www.dicom.de, was founded 1993, operates today with 49 employees and has additional offices in Berlin, Hamburg and Munchen.
This press release contains forward-Iooking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
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