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Postal Software speeds manual address keying.

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September 12, 2007 - AddressKey video coding system (VCS) enables manual data entry for addresses not recognized by automated address recognition and interpretation systems. Universal, configurable product adapts to country requirements and allows operators to enter information in real-time using optional address interpretation hints and autofill options. It is complaint with OCR/VCS open interface standards as defined by European Committee for Standardization.

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Original Press release

Parascript, LLC
6899 Winchester Circle
Boulder, CO, 80301
USA



Open, Fully-Configurable Video Coding System from Parascript Increases Speed and Accuracy of Keying for Postal Operators


- Parascript AddressKey offers CEN compliant open interface solution for manual address keying -

BOULDER, Colo., Sept. 5 / / -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced AddressKey, a robust Video Coding System (VCS) designed to improve speed and accuracy of manual data entry for addresses not recognized by automated address recognition and interpretation systems. AddressKey is a universal, configurable product that easily adapts to country requirements and can be tailored to meet the specific needs of postal operators worldwide.

AddressKey improves keying performance, regardless of operator skill, by allowing operators to enter information in real-time using optional address-interpretation hints and auto-fill options. AddressKey is a user-friendly and configurable system that minimizes keystrokes, increases speed of keying and ensures accuracy.

Parascript's video coding system is compliant with Optical Character Recognition (OCR)/VCS open interface standards as defined by the European Committee for Standardization (CEN). AddressKey allows postal operators to implement video coding modules independently from other components, resulting in fast deployment and low implementation costs.

"Parascript is committed to providing postal operators with solutions that improve mail processing and address the challenges of manual address keying," said John Buck, vice president. "AddressKey builds on Parascript's knowledge and experience in forms processing and address interpretation to deliver a solution that minimizes costs and errors associated with manual data entry and aligns the performance of operators with that of other mail automation processes."

About Parascript, LLC

The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite automates costly data entry and improves decision quality in postal automation, check and remittance processing, fraud detection and forms processing operations. Parascript software processes over 75 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell & Howell, CheckFree, Elsag, Lockheed Martin, NCR, Siemens and Unisys. Parascript is online at http://www.parascript.com/.

Source: Parascript, LLC

CONTACT: Claudette Allingham of Parascript, LLC, +1-303-381-3100, claudette.allingham@parascript.com

Web site: http://www.parascript.com/

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