DALLAS, July 7 /PRNewswire/ -- BancTec, Inc., a global provider of advanced, high-volume, document and payment processing solutions and services, today announced that the Lockheed Martin Census Business Practice team, a premier international provider of integrated census data collection, processing and analysis solutions, has selected BancTec's workflow management software as a component of its 2010 Census solution. We have worked with Lockheed Martin on other census engagements, and are honored that our workflow management solution has been selected by them to assist in managing the massive 2010 Census project, said Michael D. Fallin, senior vice president and president, Americas, BancTec. This selection indicates the robust capabilities of BancTec's document and information management solutions. In the United States, Lockheed Martin supported the 2000 Census with the Data Capture System (DCS). Data capture for Census 2000 was the largest, most sophisticated - and most accurate - census undertaken; encompassing 120 million forms with 98 percent accuracy. It represented the first census to use scanned optical character recognition (OCR) technology to process the handwritten forms. By streamlining and optimizing business processes, BancTec's workflow management solution enables organizations to respond to change, redistribute valuable company resources, achieve process efficiency, and gain greater control of their business functions. The solution's effective workflow management relieves potential bottlenecks through the automation of complex, multi-step operations and enforcement of business principles. As a result, customers experience greatly improved levels of service, productivity and efficiency. About BancTec BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit www.banctec.com or call +1-800-BANCTEC. Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts are forward-looking statements describing BancTec's objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled Risk Factors in the Company's Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on August 8, 2007. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise except as required by law. SOURCE: BancTec, Inc. Chuck Corbin of BancTec, Inc., +1-972-821-4970, chuck.corbin@banctec.com
BancTec Solution Selected To Enhance Workflow Management For The 2010 Census
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