TIE Kinetix N : Signs Contract with L&M Companies, Inc. for a 100% Cloud-Based Supply Chain Solution

This contract showcases the added value that customers receive from TIE Kinetix working with their partner companies

Breukelen, the Netherlands - May 23, 2023 at 8 AM CEST - TIE Kinetix, a leader in 100% supply chain digitalization, announced today a 3-year, $97,000 contract with L&M Companies, Inc., a leader in the agriculture and produce industry. This contract will enable L&M Companies to take advantage of a fully optimized, digital supply chain, as well as TIE Kinetix's next-generation EDI offerings integrated with their Microsoft Dynamics 365 environment. As L&M continues to grow their business, TIE Kinetix's EDI-2-FLOW solution will grow with them.

With L&M Companies' decision to choose TIE Kinetix as their EDI service provider and digitalization partner, their supply chain solution will move 100% to the cloud, increasing security and eliminating the risk of human error. This investment in the FLOW Partner Automation platform for their EDI services - fully integrated with L&M's Microsoft Dynamics 365 environment - is done in close collaboration with TIE Kinetix's partner, To-Increase. Now, L&M Companies can exchange all business documents electronically and securely with the added value of access to industry experts from both TIE Kinetix and To-Increase.

The relationship between TIE Kinetix and To-Increase exists to provide Microsoft Dynamics 365 customers with a full understanding of their business environment. This partnership works to help companies like L&M Companies make this major supply chain upgrade an efficient and simple process from start to finish. L&M's decision to choose TIE Kinetix as their service provider shows the need for companies to rely on secure document exchange solutions that enable them to send and receive documents electronically with trading partners of any size.

TIE Kinetix is proud to offer a solution to L&M Companies (and their supplier ecosystem) that is hosted in the Microsoft Azure cloud. By adopting a solution hosted in the cloud, L&M Companies can continue to conduct daily business transactions, now with the latest security features. Now that L&M Companies has chosen to work with TIE Kinetix on their EDI solution, they can be sure that their supply chain is as protected, accessible, and efficient as possible.

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.