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TECSYS gets love from Gartner, Industrial Alliance

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tecsys Industrial Alliance Securities analyst Steve Li says there are many reasons to remain bullish about TECSYS (TSX:TCS).

In a research update to clients this morning, Li maintained his “Strong Buy” rating and $10.50 one-year target on TECSYS, implying a return of 33.2% at the time of publication.

Yesterday, TECSYS announced it had been granted patent No. 8,839,132 from the United States Patent and Trademark Office. The patent covers the method and system for providing visual instructions to warehouse operators.

“This patent reaffirms the uniqueness and exclusivity of our technology in the distribution industry,” said TECSYS products VP Larry Lumsden. “Providing users visual and graphical instructions is an integral part of our WMS, a capability that requires no programming and represents a paradigm shift in warehouse management solutions to customers. Workers are able to access critical information to make decisions more quickly, accelerating their workflows, enabling improved customer satisfaction and profitability. This technology has been on the market for nearly four years and its benefits have already been proven. In both health care operations and in complex high-volume distribution environments this technology is enabling workers to perform more complex tasks, faster, with more precision and less mental fatigue.”

Li says this, the sixth patent TECSYS has been granted, combines with recent actions by research firm Gartner to affirm that the company is a thought leader in its space. On September 30th, Gartner published its Magic Quadrant for Warehouse Management Systems. TECSYS was positioned as a visionary for the fourth consecutive year. The analyst says the company’s business fundamentals “remain robust”.

“We remain optimistic regarding the near-term prospects for TECSYS; the company is tackling an attractive opportunity with integrated delivery networks (IDNs) where TECSYS is the market leader with more than 80% market share and the adoption rate is low less than ~10%,” said Li. “Also, TECSYS has the opportunity in the upcoming year to convert the attractive pipeline Logi-D has built into actual orders. Finally, the company can upgrade its base customers to the latest JAVA applications (which could last several years).”

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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