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
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.
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, firstname.lastname@example.org