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China's Second Largest Oil Producer Selects eSignature Solutions From CIC China
Sep-22-03
SINOPEC Shengli Oilfield Co., Ltd. Deploys CICC's Products for Automating Internal Workflow and Document Approval
Communication Intelligence Corporation (OTC Bulletin Board: CICI) ("CIC"), the leader in biometric signature verification & natural input software and a leading supplier of electronic signature solutions announced today that its 90% owned joint venture Communication Intelligence Computer Corporation, Ltd. ("CICC"), has signed a licensing agreement for its InkTools(R), biometric electronic signature software with SINOPEC Shengli Oilfield Co. Ltd., ("Shengli") a wholly owned subsidiary of China Petroleum and Chemical Corporation ("SINOPEC Corp.") (NYSE: SNP).
Shengli represents the second largest oilfield in China and has complete supporting facilities in oil, gas, water, power, road, telecommunication, equipment maintenance, supply and utilities. This implementation of CICC's Inktools product extends Shengli's workflow automation systems enabling it to utilize Chinese handwriting recognition, document annotation, handwritten email, biometric signature verification and electronic signatures in place of traditional "chops" or "seals" throughout a broad range of desktop applications.
"Based on our current office automation needs we selected CICC to provide the critical functionality we required to make this solution complete and supportive of our goal of creating a secure paperless office," stated Mr. Fu Lin, CIO for Shengli. "Significant consideration went into our vendor selection process and we chose CICC based on its outstanding reputation, product quality and capabilities, local presence in mainland China and ability to respond rapidly to our needs."
"We are delighted to establish this relationship with Shengli and provide the tools for its users to interact more naturally, efficiently and securely," commented Jonson Yang, General Manager of CIC China. "This agreement represents a major step consistent with our mission of creating and delivering technology and products that address the real and pressing needs of China's petrochemical industry. As Shengli realizes the cost saving benefits of our technology we expect it will lead to a broader adoption of this solution throughout other lines of business within SINOPEC Corp. and further establish CICC as a leading provider within this market segment."
CICC's Inktools provides enterprises the ability to increase productivity, decrease costs and increase the ease of use for their employees and customers by enabling a more intuitive and natural way for people to interact with today's personal computers. Inktools addresses the growing and diverse base of computer users in China that require new and innovative technologies to support their evolving needs.
CICC is a joint venture between CIC and the Jiangsu Hongtu Electronics Group Co., Ltd. For more information about CIC, CICC or our products, visit our website at http://www.cic.com .
About CIC
Communication Intelligence Corporation ("CIC") is the leading supplier of biometric signature verification and natural input software and a leading supplier of electronic signature solutions focused on emerging, high potential applications including paperless workflow, handheld computers, smartphones and eCommerce, enabling the world with "The Power to Sign Online(R)". CIC's products are designed to increase the ease of use, functionality, and security of electronic devices and eBusiness processes. CIC sells directly to OEMs and Enterprises and has products available through major retail outlets such as, CompUSA, Staples, OfficeMax, and key integration/channel partners or direct via our website. Industry leaders such as Charles Schwab, Fujitsu, Handspring, IBM, Oracle, Palm Inc., Prudential, Siebel Systems and Sony Ericsson have licensed the company's technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit our website at http://www.cic.com
About SINOPEC Shengli Oil field Co., Ltd.
SINOPEC Shengli Oilfield Co., Ltd., a wholly owned subsidiary of China Petroleum and Chemical Corporation (SINOPEC Corp.), was established on the basis of restructured oil-gas exploration and production business of the former Shengli Oilfield on May 28, 2000.
The predecessor of SINOPEC Shengli Oilfield Co. Ltd. was Shengli Oilfield. The field was discovered in 1961 and development started in 1964. By the end of 2002, 71 oil-gas fields of different types have been discovered, with total accumulated oil in place of 4.29 billion tons and total gas in place of 38.24 billion cubic meters. Since 1983, for 18 consecutive years the field has been adding annually an average of about 100 million tons of oil in place. It has totally produced 773 million tons of crude oil and 34.988 billion cubic meters of natural gas. For more information, please visit their website at http://www.sinopec.com.cn/english/en-subsidiary/en-wholly-ownedsub/en-shengli/ or http://www.slof.com
NOTE: CIC, its logo, InkTools and the Power to Sign Online are registered trademarks. All other trademarks and registered trademarks are the property of their respective holders.
Forward Looking Statement
Certain statements contained in this press release, including without limitation, statements containing the words "believes," "anticipates," "hopes," "intends," "expects," and other words of similar import, constitute "forward-looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of the products; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect the Company's business; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
Contact Information:
CIC
Investor Relations Inquiries:
Chantal Eshghipour
650-802-7740
investorrelations@cic.com
SOURCE Communication Intelligence Corporation