Compador and Parascript Partner to Offer Mail Processing Solutions in Germany

Longmont, CO, and Stuttgart, Germany, Post Expo Conference, Booth 4020, September 27, 2011 – Parascript, LLC, the image analysis and pattern recognition technology provider, today announced a partnership with Compador Technologies, a leading provider of mail sorting systems in Germany. Compador is committed to the development and manufacturing of first-rate engineering and software solutions. The Compador and Parascript integrated solution meets the requirements of private postal operators by allowing fast mixed-mail sorting, and offering significant reduction of video coding. By improving the reading rate at the first pass and making full use of the sorting system’s maximum capacity, users see reduced costs and increasing productivity.

The Compador mail sorting solution integrates Parascript’s AddressScript Germany for handwritten address recognition using standard Deutsche Post coding rules. Parascript’s AddressScript recognizes addresses across the entire mail stream including letters, flats, and parcels in both handwritten and machine print. Parascript’s OCR software is available for Canada, France, Germany, Italy, the Netherlands, Russia, Sweden, the United Kingdom, and the United States.

“We evaluated several OCR systems and selected Parascript because of its best-of-breed software,” said Karsten Sonnadara, CEO for Compador Technologies. “We are extremely pleased with the results achieved and look forward to many more deployments of our combined mail processing solution.”

“Parascript is proud to be teaming up with Compador in Germany to provide superior mail processing solutions that offer the best read rates and performance available,” said Kaz Jaszczak, director of product planning for Parascript. “We look forward to working closely with Compador and to bringing our best-of-breed technologies to the German market.”

The Compador and Parascript integrated mail sorting solution has been successfully implemented at several private postal operators in Germany, as well as foreign bank companies.

About Compador Technologies GmbH

Located in Berlin, Compador started as PostCon Deutschland, Germany’s number one Consolidation Service, and became independent corporation in 2006. Complex mail sorting processes have been the company owners’ core business for many years. Based on these valuable experiences Compador specialized in developing and manufacturing intelligent and highly competitive letter sorting systems and software solutions. Compador’s decisive advantage is their ability to provide tailor-made engineering solutions for the specific requirements of each individual client. Flagships are the high speed sorter KIOWA 1.2, as well as the highly flexible mixed mail sorter COMANCHE 1.5. Both of these prove themselves with an extremely tight construction as well as the flexibility to be smoothly integrated into diverse software surroundings.

About Parascript, LLC

Parascript delivers the world’s best Image Recognition Engine. Employing patented digital image analysis, handwriting analysis and advanced pattern recognition technologies, Parascript improves important business operations in areas like forms processing, medical imaging, postal automation, and fraud prevention. The powerful Parascript engine processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products, including the U.S. Postal Service, Böwe Bell + Howell, Fiserv, Elsag,  Lockheed Martin, NCR, Siemens,  and Burroughs. Visit Parascript online at https://www.parascript.com.

Contacts:

Claudette Allingham
Parascript, LLC
303-381-3108
claudette.allingham@parascript.com

Hilary McCarthy
Zenzi
508-829-2543
hilary@zenzi.com