PARAGON TECHNOLOGIES’ SI SYSTEMS ORDER FULFILLMENT BRAND FORMS ‘DC DIAGNOSTICS’ GROUP
TO ADDRESS DISTRIBUTION CENTER PERFORMANCE INEFFICIENCIES
EASTON, PA, March 13, 2006 – SI Systems, a publicly held leader in distribution performance solutions, announces the formation of DC Diagnostics; a team of specialists who are dedicated to help distribution centers identify and remedy operational inefficiencies. The group is comprised of a number of the industry’s leading experts in high speed automation who will utilize SI’s proprietary technologies to pinpoint all the ways distribution centers can achieve total peak performance.
DC Diagnostics will be led by SI’s Vice President, Jack Lehr, who explains that, “All of the recent performance benchmark studies validate that at least 80% percent of all distribution centers operate well below their potential. This illustrates the high market demand to improve performance. We have the talent, the tools, and the resources to make a substantial impact and we are committed to continue to invest in ourselves and our customers to be the best at what we do.”
SI Systems recently unveiled its DC XCELLERATOR; a real time, innovative software suite that analyzes operational data to identify the most efficient sequence and balance order scheduling, slotting and picking technologies throughout a distribution center. Once captured by DC XCELLERATOR, data that typically takes weeks to analyze can be ‘crunched’ in a matter of minutes to detail performance by machine and by any span of time. SI has issued a guarantee that the resulting labor savings and increases in throughput will be substantial in all cases.
SI Systems’ new CEO, Joel Hoffner, says, “This group is a natural evolution in our long-history of engineering innovation to improve all aspects of distribution center performance. Every DC has unique needs that may or may not be the right fit for our equipment and software solutions. Having DC Diagnostics stand alone and investing in the right resources will ensure that we apply the right processes and engage the right partners with proven, application-specific remedies.”
SI’s head of DC Diagnostics, Jack Lehr, is the former president of Genesys Systems. He has 25 years of industry experience including tenure as a Managing Partner of Novare-Solutions and various positions at W&H Systems.
About SI Systems
SI Systems, a branded division of Paragon Technologies, is a leader in integrating material handling systems solutions for material flow applications. SI Systems’ Production & Assembly and Order Fulfillment branded technologies and material handling solutions address unit assembly handling and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems leading clients have included the United States Postal Service, General Motors, BMG, Ford, Peterbilt, Harley-Davidson, and Walgreens .
Cautionary Statement
Certain statements contained herein are not based on historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Commission rules, regulations and releases. Paragon intends that such forward-looking statements be subject to the safe harbors created hereby. Among other things, the forward-looking statements regard Paragon’s earnings, liquidity, financial condition, review of strategic alternatives, and other matters. Words or phrases denoting the anticipated results of future events, such as anticipate, does not anticipate, should help to, believe, estimate, is positioned, expects, may, will, is expected, should, continue, and similar expressions that denote uncertainty, are intended to identify such forward-looking statements. Paragon’s actual results, performance, or achievements could differ materially from the results expressed in, or implied by, such forward-looking statements: (1) as a result of factors over which Paragon has no control, including the strength of domestic and foreign economies, sales growth, competition, and certain cost increases; and (2) if the factors on which Paragon’s conclusions are based do not conform to its expectations. Furthermore, achievement of the objectives of the Company following the sale of Ermanco is subject to risks associated with business disruption resulting from the announcement of the sale and other risks outlined in Paragon’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2004 and the most recent quarterly report on Form 10-Q for the quarter ended September 30, 2005.
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