Breukelen, the Netherlands – September 1st, 2022 at 8 AM CEST – TIE Kinetix announced today a new 5-year, $360,000 contract with Schutt Sports LLC, a leading manufacturer of high-quality protective equipment and performance sporting goods. By upgrading towards TIE Kinetix's FLOW Partner Automation platform, Schutt Sports’ supply chain solution will move 100% to the cloud.

The contract enables Schutt Sports to further optimize their document exchange processes with trading partners by moving 100% to the cloud with a managed service agreement with TIE Kinetix. All business partners of Schutt Sports will continue to be able to exchange documents such as purchase orders, order confirmations, packing slips, and invoices – without interruption.

The partnership between Schutt Sports and TIE Kinetix started more than 11 years ago and will continue in the coming years with the upgrade towards TIE Kinetix’s FLOW platform. The continued relationship showcases the need for companies to rely on document exchange solutions that consistently enable them to exchange documents electronically with trading partners of all sizes (large, medium, and small businesses). TIE Kinetix is ultimately migrating all SaaS customers towards TIE Kinetix’s FLOW platform, so that all customers can enjoy the benefits of the platform.

This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives, and may be expressed in a variety of ways, such as ‘expects’, ‘projects’, ‘anticipates’, ‘intends’ or similar words. TIE Kinetix has based these forward-looking statements on its current expectations and projections about future events. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.