Lockheed Martin and Siemens Dematic to Deliver Higher OCR Read Rates
SAN DIEGO, CA, April 22nd, 2002 -- Lockheed Martin and Siemens Dematic, two leading postal automation and recognition technology providers, today announced an agreement to combine and market their optical character recognition (OCR) technologies for the commercial mailing industry. The relationship will leverage the complementary OCR technologies of the two companies to deliver the highest read rates in the mailing industry. According to Cynthia Sailar, vice president of Enterprise Mail for Lockheed Martin Distribution Technologies, "The goal of the agreement is to combine the two leading OCR's and make them even stronger. Customers now have the flexibility to choose the OCR package that best maximizes their profits. This is a win-win situation for our customers, as well as our two companies."
Gary Jensen, vice president of Corporate Development and Marketing for Siemens Dematic said, "We are very excited about joining with Lockheed Martin to offer our customers the best of class OCR technology available in the commercial mail industry. Siemens Dematic and Lockheed Martin are joining together in an OCR exchange that will result in significant read rate improvements for commercial mailers."
Lockheed Martin and Siemens Dematic customers should see OCR solutions incorporating both companies' technologies by the end of the second quarter. The strategic alliance was announced during the National Postal Forum in San Diego.
About Lockheed Martin Distribution TechnologiesLockheed Martin Distribution Technologies, Owego, N.Y., designs, produces and integrates mail automation, material handling, recognition and information processing systems for postal services, package delivery operations and corporate mail centers as well as distribution, fulfillment and manufacturing centers worldwide. Distribution Technologies is a business unit of Lockheed Martin Systems Integration - Owego, which is a business segment of Lockheed Martin Corporation, Bethesda, Md. For information on Lockheed Martin Distribution Technologies, visit www.lmdtech.com.
About Siemens DematicSiemens Dematic is a leading supplier of mail sorting, recognition and material handling technologies. In addition to its Postal Automation Division, Siemens Dematic also operates two other business units: Material Handling Automation and Electronics Assembly Systems. For more information on Siemens Dematic visit www.siemens-dematic.com.
Siemens Dematic is a subsidiary of Siemens AG (NYSE: SI), a leading global electronics and engineering company. For more information about Siemens in the U.S., go to www.usa.siemens.com.
Jan Gottfredsen (607) 751-2598, e-mail: email@example.com