SOURCE: Spescom Software Inc

October 06, 2005 16:24 ET

Spescom Software Awarded Major Contract by Leading Nuclear Utility

Constellation Energy Contract Valued at $750,000 for Deployment of eB Across Nuclear Fleet

SAN DIEGO, CA -- (MARKET WIRE) -- October 6, 2005 -- Spescom Software Inc (OTC BB: SPCO), a leading developer of enterprise content, configuration and change management software solutions for mission-critical industrial applications, today announced that Constellation Energy, a leading east coast power utility has awarded the company a contract valued at approximately $750,000 for the supply and implementation of a Corrective Action application based on the eB platform throughout its nuclear fleet.

The contract was awarded after an extensive competitive analysis and cost justification by Constellation Energy. In terms of the deployment, the eB Corrective Action application will be used by plant personnel to capture all events, observations, deviations, problem reports, non-conformances, self assessments, operational experience, requests for changes, etc. that are identified on the plant. These may relate to the plant systems, structures and components as well as to procedures, persons, processes, documents, records, etc used to operate and maintain the plant. The eB Corrective Action application will record, track, escalate and resolve all these events ensuring complete visibility of the status of each event until it is successfully closed whilst maintaining full records of all actions related to the event. It forms a core 24/7 information management system required to operate a complex plant.

"We are very pleased that Constellation Energy has selected our eB Corrective Action application for deployment across its enterprise," commented Keith Stentiford, CEO of Spescom. "Their decision shows the confidence they have in using eB in mission-critical applications and further strengthens Spescom's position as a leading player in the nuclear industry."

"With the recent signing of the 2005 Energy Bill by President George Bush and the resurgence of interest in nuclear power to solve the country's growing energy needs, the company is well positioned to capitalize on the significant spending that is anticipated to occur over the next few years as new nuclear plants are licensed and brought online," added Mr Stentiford.

About Spescom Software

Spescom Software is a developer and marketer of leading-edge information management software solutions for the energy, nuclear, oil&gas and other sectors that provide the unique ability to manage disparate types of content and other data on a single platform. The Company's proprietary eB platform provides extensive enterprise content management (ECM) functionality, together with best-of-breed configuration management capabilities. These capabilities enable the secure capture and storage of both structured and unstructured information, in addition to the ability to organize, control and manage this information. Spescom's eB software solution revolutionizes data management through an innovative new paradigm of data management that re-invents how organizations store, track, access, and use their enterprise's data to maximize efficiency and guarantee accuracy and integrity of the data. Key customers include Constellation Energy, Continental Express, AmerenUE, Cities of Las Vegas and Dayton, Lloyds Register, United Space Alliance, Entergy, Northeast Utilities, London Underground, Network Rail, and many others. The Company is headquartered in San Diego, California, with an international sales and support center in London, UK.

Cautionary Statement

Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, substantial fluctuations in quarterly revenues, dependence on a few large customers, changing competitive and regulatory environments, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. For a discussion of additional risk factors relating to Spescom's business, see Spescom's annual report on Form 10-K for the fiscal year ended September 30, 2004 and quarterly reports on Form 10-Q for the quarter ended June 30, 2005, including the discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations contained therein.

Contact Information

  • Spescom Software Inc
    Keith Stentiford (CEO)
    John Low (CFO)
    858-625-3000