Oce Document Technologies Eliminates Paper Filing by Integrating the AuthentiDate Signature Solution in Document Management Processes.Business Editors DUSSELDORF, MUHLHEIM & KONSTANZ, Germany--(BUSINESS WIRE)--April 15, 2003 Health Insurance Companies are Pioneers in the Use of the New Technology; Which Saves the Costs of Conventional Paper Archiving Oce Document Technologies, a leading company in character recognition and information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. , and AuthentiDate International AG, a subsidiary of AuthentiDate Holding Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ), and the supplier of signature integration software and timestamps that comply with the German Signature Law and European Signature directives, have combined their solutions in the fields of scanners and recognition software. Oce Document Technologies can immediately offer all its customers the opportunity of affixing a signature during scanning that complies with the German Signature Law and European Signature directives to all their documents, avoiding the added expense of paper filing. These extended services offer great savings potential, especially for health insurance companies, which must process and store millions of documents such as family questionnaires or certificates of disability for several years. Since generally these documents have already been scanned, recognized by machine and filed away, the integration of a qualified electronic signature is the logical next step. The disposal of paper documents is now possible, and storage costs are eliminated as a result. By linking AuthentiDate Signature Technology with the solutions of Oce Document Technologies, automatically scanned documents can now be affixed af·fix tr.v. af·fixed, af·fix·ing, af·fix·es 1. To secure to something; attach: affix a label to a package. 2. on a massive scale with qualified electronic signatures that comply with the German Signature Law and European Signature directives. Since electronic data is documented in a legally secure way, conventional high-cost paper filing is fully replaced and the business process speeds up. While financial terms were not disclosed, AuthentiDate has already generated upfront license fees in accordance with this agreement and will generate additional transaction fees from every Oce customer who is using the new integrated functionality. "Many German health insurance companies are eager to use the new combined Oce Document Technologies - AuthentiDate Solution. Their savings potential is enormous that the investment soon pays for itself," explains Peter Augustyniak, Senior Project Manager at Oce Document Technologies. Oce Document Technologies has already carried out the total integration of the new technology. Oce customers who want to make use of qualified electronic signatures during document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. can order the 'qualified electronic signature' option right away. The signatures are affixed automatically almost without delay and without time-consuming user trainings. "Nowadays, client groups that Oce Document Technologies has already equipped such as banks, insurance companies and government agencies can take advantage of the extremely high savings potential given by the scanning field," adds Marc Willems, member of the executive board of AuthentiDate International AG. "The use of the Scanning Solution and the elimination of paper files are therefore ideally suited for achieving an increase in corporate earnings in a short time." About AuthentiDate International AG AuthentiDate International AG (www.authentidate.de), Dusseldorf, Germany is the first Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Certification Provider, certified by the German Regulatory Authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities 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 time stamping The stamping of order tickets with the time of entry and execution. For example, options exchanges require stamping of order tickets with the times of execution to the nearest minute. technology. AuthentiDate's Business Solutions feature short ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). (return of investment) cycles, simple integration, low operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. 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 has a worldwide presence; in Europe, the USA and through partners in Asia. AuthentiDate Holding Corp, Inc. located in the USA (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) is listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 893715). About AuthentiDate Holding Corp. AuthentiDate Holding Corp. (AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) 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 (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. centered on systems integration projects, staff augmentation, out-tasking and outsourcing services, and resells computer related products. About Oce Document Technologies GmbH Oce Document Technologies GmbH is a global leader in character recognition, information processing and document management. The company was founded in 1974 as CGK CGK Jakarta, Indonesia - Soekarno Hatta International (Airport Code; aka Cenkareng) Computer Gesellschaft Konstanz and belongs to the Oce Group since April 2000. Oce Document Technologies, a part of this company group, is an international competence center for DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. . It currently employs about 250 employees. www.odt-oce.com About Oce Oce is a leading supplier of Information Technology for Document Management. The company's solutions are based on Oce's advanced software applications that deliver documents and data over internal networks and the Internet to printing devices and archives -- locally and around the world. Supporting the workflow solutions are Oce digital printers and scanners, considered the most reliable and productive in the world. Oce also offers a wide range of consulting and outsourcing solutions. Netherlands-based Oce N.V. (NASDAQ: OCENY), with a workforce of more than 22,000 people and 2002 revenues of $3.2 billion, maintains research and manufacturing centers in the Netherlands, the Netherlands, The officially Kingdom of The Netherlands byname Holland Country, northwestern Europe. Area: 16,034 sq mi (41,528 sq km). Population (2005 est.): 16,300,000. Capital: Amsterdam. Seat of government: The Hague. Most of the people are Dutch. United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Germany, France, Belgium, the Czech Republic, and Japan. Oce's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters is located in Chicago with major business units in Chicago; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Boca Raton, FL; San Jose, CA; Salt Lake City; and Coventry, RI. North American revenues were $1.3 billion for fiscal 2002, and employment is currently 9,600. For more information about Oce, visit www.oceusa.com. Outside the U.S., consult www.oce.com. This press release contains forward-looking 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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