Press » N4 Systems Completes Initial Financing
Toronto, Ontario – April 17th, 2008
– N4 Systems, the market sector leader for fully integrated safety
compliance and inspection management systems, announces the completion
of its initial round of investment capital. The funds will be used to
grow the corporation’s sales and marketing initiatives and to expand
its customer support and service operations.
Through its flagship product line,
Field ID, N4 Systems offers an integrated product line that combines
advanced RFID (radio frequency identification) technology,
state-of-the-art wireless handheld mobile computing, highly secure data
management, distribution and storage, remote system management and
support, and optimized high speed World Wide Web network integration.
Field ID customers enjoy the many benefits of reduced operational
costs, improved efficiency, accuracy and reliability, rapid data
distribution and access, fully automated compliance and inspection
forms and secure data storage allowing for real-time access to current
and historical inspection data. Field ID makes the world of paperless
safety compliance and inspections a reality.
“N4 Systems has moved quickly to
establish itself as the undisputed market leader for automated safety
compliance and inspection management. Government mandated and
regulatory requirements for semi-annual and annual safety compliance
inspections covers almost every manufacturing, construction,
maintenance and natural resource industry sector in the world. From
lifting devices such as cranes, slings and harnesses to heavy
equipment; production and assembly lines to drilling equipment and
pipelines. Field ID offers a significant paradigm shift in the way
safety compliance inspections are conducted, managed and reported. It
is truly a breakthrough.” noted Paul Hyde, President of Temple Mill
Limited and lead investor.
“We are truly excited to be
working with this group of entrepreneurial investors. Their
cumulative knowledge, experience and proven track records will be
invaluable and will allow N4 to further cement Field ID as the market
leader in safety compliance and inspection management.” says Somen
Mondal, CEO & President of N4 Systems.
“Each investor brings a unique set
of skills to N4. Their industry knowledge and ability to facilitate
high growth startup companies will allow N4 to expand and capture
market share and an even faster rate.” says Shaun Ricci, CTO of N4
Systems.
The N4 outside investor group
includes Greg Cochrane, General Partner, Graoch Associates Limited;
Paul Hyde, President, Temple Mill Limited and Lead investor; and Robert
McEwen, Chairman and CEO, US Gold and Lexam Explorations.
About N4 Systems:
N4 Systems is the world’s leading provider of automated inspection and safety compliancy management software for companies of all sizes. N4 Systems offers powerful, efficient and easy-to-use Web-based software that dramatically improves the inspections and safety compliancy process.
N4 Systems’ flagship product suite, Field ID, combines RFID, mobile computers and the Web to allow customers to automate inspections and manage safety compliance more efficiently, more accurately and more cost effectively. Field ID is offered in different editions and can be easily customized and integrated into any business environment. For more information, call (416) 599-6464 or 1-800-99-N4SYS toll-free in North America. Email us at contact@n4systems.com, or visit http://www.n4systems.com.
For more information contact:
Somen
Mondal
N4 Systems Inc.
Phone: 416-599-6464
Fax: 416-599-6463
somen.mondal@n4systems.com
http://www.n4systems.com
