February 5, 2001
Immediate
Release
(February 5, 2001, HONG KONG) Excel Technology International (Hong Kong) Limited ("Excel Technology"), a wholly owned subsidiary of Excel Technology International Holdings Limited (stock code: 8048) is pleased to announce that it was appointed by the Securities and Futures Commission ("SFC") as a preferred information technology vendor.
As the latest project
awarded under SFC's Preferred Vendor Agreement, Excel Technology will provide
system development and implementation services to the SFC for the new Investigation
Management System (IMS). The IMS will employ state-of-the-art workflow and
digital imaging technology to control and monitor the workflow of each case
and to reduce the delays and inefficiencies in handling paper documents. In
addition to facilitating case management, the IMS will also provide a common
data repository and gateway for SFC's information systems to minimize data
duplication. The project is expected to be completed in the 2nd quarter
of 2001.
Chairman and CEO of Excel Technology, Ms. Peggy Chan commented, " The challenge of this IMS project is to build an intelligence database with comprehensive information and a set of user-friendly navigation tools for effective case investigation. We are delighted to be selected by the SFC to conduct this important project and look forward to working closely with the SFC to deliver a valuable base of case information with operational efficiency."