March 29, 2001
UTi Worldwide Enhances uWarehouse Service to give Customers Real-Time Visibility of Inventory Worldwide.
The uWarehouse offering, based upon the EXceedTM 4000 product from EXE Technologies (Nasdaq:EXEE), allows UTi to provide state-of-the-art fulfillment and distribution services for customers that have global requirements. The EXE Technologies software product was selected for its ability to integrate into UTi's existing supply chain software called eMpower, combined with EXE's capability and worldwide support. The system runs on regionally based UNIX servers from Hewlett-Packard utilizing Oracle as the database and allows UTi to leverage its existing network infrastructure.
According to Rick Anchan, senior vice president of global processes for UTi, "There are several areas in which the new systems' capabilities will help us provide additional value to our customers. The high level of integration available helps us improve picking and placing productivity. Combined with our uAnalyze system, uWarehouse performance measurement tools document the additional value that we are providing to our customers."
Anchan continued, "We have the ability to support a global implementation that makes it possible for us to achieve a high level of integration throughout our global warehouse network. Our system allows us to provide real-time visibility of inventory in the supply chain, whether the product is in motion or at rest. We believe the complete slate of eMpower systems are unique in the global marketplace as a set of tools to help customers lower overall supply chain costs while improving service."
UTi Worldwide Inc. is a global, non-asset based supply chain management business providing supply chain logistics services and planning and optimization solutions. The company's services include freight forwarding, customs brokerage and warehousing services such as the coordination of shipping and the storage of raw materials, supplies, components and finished goods. Through its supply chain planning and optimization services, the company assists clients in designing and implementing systems that improve the predictability and visibility and reduce the overall cost of their supply chains. The company has a global and diverse business customer base ranging from large multinational enterprises to smaller local businesses. For more information about the company visit its Web site at www.go2uti.com. .
Safe Harbor Statement
Certain statements in this news release may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company intends that all such statements be subject to the "safe-harbor" provisions contained in those sections. Such statements may include, but are not limited to, the company's discussion of its growth strategy and integration of acquisitions. Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including increased competition, integration risks associated with acquisitions, general economic and market conditions and the other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. Although UTi believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by UTi or any other person that UTi's objectives or plans will be achieved. The historical results achieved by the company are not necessarily indicative of its future prospects. UTi undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|Contact:|| Richard J. Anchan |
Senior Vice President, Global Processes
UTi Worldwide Inc.
+1 (310) 604-3311
Cecilia Wilkinson / Julie Crandall
+1 (310) 207-9300