LIMERICK, Ireland, Jan. 23,
2024 /CNW/ - kneat.com, inc. (TSX: KSI) (OTC:
KSIOF), a leader in digitizing and automating validation and
quality processes, is pleased to announce that it has signed a
three-year Master Services Agreement with a global Consumer
products leader.
Headquartered in Europe with
over 35,000 employees and operations in more than 50 countries,
this new customer manufactures leading brand-name products trusted
by consumers all over the world. The company's goal is to digitize
and harmonize their equipment and computer systems validation
processes across their North
America, European and the Asia-Pacific manufacturing sites.
Implementation will begin immediately at lead sites in the UK and
the US, with initial go-live expected in Q2 2024.
This is the second global consumer healthcare leader to select
Kneat in recent months.
"This win reinforces the suitability of the Kneat platform for
companies within the consumer products space, especially those
safeguarding trusted and regulated brands," stated Eddie Ryan, Chief Executive Officer of
Kneat. "As we carry last year's strong momentum of strategic
wins into 2024, we look forward to expanding our value within each
of these new customers."
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 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/
EU 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 investor's own risk.
SOURCE kneat.com, inc.