Implementation of SAF system will be phased over several stages
SAF AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN CH0024848738), and which is one of the worldwide leading suppliers of automated forecasting and ordering systems for retailers, has achieved a major breakthrough in the USA.
One of the top ten retail companies and top five grocers in the USA has selected SAF software. Implementation will be phased over several stages beginning in 2008. The revenue recognition to SAF from direct business is expected to occur primarily in 2008 and 2009 on a modular basis.
“Signing this contract strengthens SAF’s competitive position in the US-market. This achievement supports SAF’s further expansion in the US” reports Dr. Andreas von Beringe, CEO of SAF. “We are looking forward to this meaningful and fascinating project with one of the most important top ten retail companies” adds von Beringe.
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