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    PFM   CA74345T1057

PRONTOFORMS CORPORATION

(PFM)
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ProntoForms : Global medical device manufacturer empowers over 800 field technicians with ProntoForms

05/12/2021 | 07:02am EDT

OTTAWA, May 12, 2021 (GLOBE NEWSWIRE) -- ProntoForms Corporation (TSXV: PFM), the global leader in field-focused low-code application platforms for enterprise, announced today a global medical device manufacturer completed a phased roll-out to over 800 field technicians.

The global medical brand, with over $10B of annual sales and operations in over 100 countries, manufactures sophisticated healthcare equipment that is installed in hospitals, clinics, and care facilities. They needed a solution to help technicians reliably handle complex inspections and preventative maintenance within strict, evolving healthcare regulations. They also needed to generate proof of service reports for audits using custom documents and contextual routing workflows.

It was critical that their solution seamlessly integrate with their deployment of Salesforce Field Service. By extension, since many hospital floors limit or forbid devices connected to cell or WIFI networks, ProntoForms’ capabilities to send data between apps without a network connection and to complete and submit work offline were critical for their ultimate deployment of ProntoForms.

Expanding Globally and Functionally

The organization’s product line workflow roll-out was expedited by five months based on implementation success. They are exploring deploying ProntoForms into a new use case and into new geographies; aftermarket service/repair inspection, and implementation into European divisions.

“We’re pleased by this organization’s impressive ramp-up and the further opportunities for expansion,” Alvaro Pombo, Founder and Chief Executive Officer of ProntoForms. “With such a focus on compliance, ProntoForms was the right fit for them. As medical field engineers’ work—and the rigorous compliance surrounding that work—becomes more complex, ProntoForms adds a powerful agility to meet their aftermarket maintenance and service objectives. Ultimately, in the medical manufacturing industry, this means delivering on a simpler, painless audit experience and the ability to rapidly update workflows whenever regulations or protocols change.”

About ProntoForms Corporation
ProntoForms is the global leader in field-focused low-code application platforms for enterprise. The Company's solution is used to create apps and forms to collect and analyze field data with smartphones and tablets – either as a standalone solution or as a mobile front-end to enterprise systems of record. 

The Company’s 100,000+ subscribers harness the intuitive, secure, and scalable solution to increase productivity, improve quality of service, and mitigate risks. The Company is based in Ottawa, Canada, and trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.

Certain information in this press release may constitute forward-looking information. For example, statements about the potential for future expansion with this customer and statements about the customer’s future plans are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking information. The customer may not expand its use of ProntoForms’ products or may change its plans described above. ProntoForms assumes no obligation to update the forward-looking information unless and until required by law. Please see “Risk Factors Affecting Future Results” in the Company’s annual management discussion and analysis dated March 10, 2021 found at www.sedar.com.

For additional information, please contact:

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111
apombo@prontoforms.com
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Source: ProntoForms Corporation

2021 GlobeNewswire, Inc., source Press Releases - Canada

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Financials
Sales 2021 25,0 M 19,8 M 19,8 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 136 M 107 M 107 M
Capi. / Sales 2021 5,42x
Capi. / Sales 2022 4,49x
Nbr of Employees -
Free-Float 66,5%
Chart PRONTOFORMS CORPORATION
Duration : Period :
ProntoForms Corporation Technical Analysis Chart | PFM | CA74345T1057 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,04 CAD
Average target price 1,75 CAD
Spread / Average Target 68,3%
Managers and Directors
Alvaro Pombo President, Chief Executive Officer & Director
David Croucher Chief Financial Officer
Terry Hedley Matthews Chairman
Aly Mawani Vice President-Client Success & Operations
Jonathan Shantz Independent Director
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