- 04.02.2008, 10:17:49
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- OTE0004
One of the Top Ten Retail Companies Signed Contract to Replenish with SAF Software
SAF achieved a breakthrough in the USA – Implementation of SAF system will be phased over several stages
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Tägerwilen (euro adhoc) - Tägerwilen/Switzerland, February 4, 2008.
SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange
(ISIN CH0024848738), and which is one of the worldwide leading suppliers of
automated forecasting and ordering systems for retailers, has achieved a major
breakthrough in the USA.
One of the top ten retail companies and top five grocers in the USA has selected
SAF software. Implementation will be phased over several stages beginning in
2008. The revenue recognition to SAF from direct business is expected to occur
primarily in 2008 and 2009 on a modular basis.
"Signing this contract strengthens SAF's competitive position in the US-market.
This achievement supports SAF's further expansion in the US" reports Dr. Andreas
von Beringe, CEO of SAF. "We are looking forward to this meaningful and
fascinating project with one of the most important top ten retail companies"
adds von Beringe.
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About SAF AG
SAF Simulation, Analysis and Forecasting AG specializes in the development of
automated ordering and forecasting software for retailers and industrial
manufacturers. SAF deploys the demand chain management approach, which controls
replenishment planning based on consumer demand patterns. SAF software assists
users to realize substantial cost savings and optimizes general logistics
conditions through its simulation capabilities. As a result, significant
competitive advantages are achieved along the entire value chain: lower
inventories, improved product availability, and last, but not least, a higher
level of customer satisfaction.
SAF forecasting and ordering systems are able to forecast with great accuracy
consumer demand. They consider seasonal influences, holidays, advertising
promotions, school vacations and other effects which might influence the demand.
The system orders the needed merchandize with a degree of automation of up to
100 percent. SAF solutions optimize the replenishment process, reduce costs and
increase profit.
SAF was established in 1996 by Dr. Andreas von Beringe and Prof. Dr. Gerhard
Arminger. SAF shares are listed at the official market (Prime Standard) at the
Frankfurt Stock Exchange (FWB). Today, the company employs approx. 95 people.
Consolidated sales revenues for fiscal year 2006, were approx. 13.6 million EUR
with consolidated profit of 4.6 million EUR according to IFRS statements. SAF´s
products are distributed in many European countries as well as in the United
States. The company is headquartered in Tägerwilen, Switzerland. SAF also has a
subsidiary in the United States: SAF Simulation, Analysis and Forecasting
U.S.A., Inc., Grapevine, Texas and in Slovakia, Bratislava: SAF Simulation,
Analysis and Forecasting Slovakia s.r.o. with the focus on
Nearshore-Development.
Forward Looking Statements and Estimates
This information contains forward looking statements based on assumptions and
estimates of SAF's Management Board. Although we assume the expectations in
these forward looking statements are realistic, we cannot guarantee they will
prove to be correct. The assumptions may harbor risks and uncertainties that may
cause the actual figures to differ considerably from the forward looking
statements. Factors that may cause such discrepancies include, among other
things, risks that are mentioned in the annual report 2006. SAF does not plan to
update the forward looking statements, nor does it assume the obligation to do
so.
Further inquiry note:
Astrid Strömer
+41 (0)71 666 79 48
[email protected]
end of announcement euro adhoc
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emitter: SAF AG
High-Tech-Center 2 / Bahnstrasse 1
CH-8274 Tägerwilen
phone: +41 (0)71 666 79 48
FAX: +41 (0)71 666 79 40
mail: [email protected]
WWW: http://www.saf-ag.com
sector: Software
ISIN: CH0024848738
indexes: Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse München
language: English
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