PDF DOWNLOAD February 15, 2017
TAIPEI, Taiwan, Feb. 15, 2017 (GLOBE NEWSWIRE) — FRONTEO, Inc. (NASDAQ:FTEO) (TSE:2158) (“FRONTEO” or “the Company”), a leading provider of international litigation support and big-data analysis services, today announced that FRONTEO’s Email Auditor with artificial intelligence (“AI”) has been adopted by Evergreen Marine Corp. (Taiwan) Ltd. (“Evergreen”), a global container shipping company. Evergreen has been emphasizing compliance with the competition laws of every country, and after a comprehensive assessment and evaluation, it has decided to deploy the Lit i View Email Auditor system which features a competition regulation database and AI scoring.
Unlike conventional email audit system, FRONTEO employs KIBIT to read through and score the relevancy of vast amounts of data. The patented KIBIT AI owned by FRONTEO can automatically analyze risks with accuracy and speed through KIBIT engine based on a few key emails at a very low cost and with very little manpower.
With sophisticated AI followed by semantic analysis, KIBIT can detect subtle differences that are frequently lost by general search engines which rely on keywords. For example, it can help enterprises avoid violating competition laws by simply sifting through emails related to employees of competitors playing golf or having dinner together.
In addition to identifying binding business governance regulations, this AI-based email audit system can also identify fraud, bribery, malicious poaching by competitors, and confidential information exposure, among other improper activities, to protect enterprises and their important assets. As of today, the Lit i View Email Auditor system has also been adopted by leading companies in Taiwan, including semiconductor foundries, Integrated Circuit design houses, system integrators, and panel manufacturers.
About FRONTEO, Inc.
FRONTEO, Inc. (“FRONTEO”) (Nasdaq:FTEO) (TSE:2158) supports the analysis of big data based on behavior informatics by utilizing its technology, “KIBIT”. FRONTEO’s KIBIT technology is driven by FRONTEO artificial intelligence based on knowledge acquired through its litigation support services. KIBIT incorporates experts’ tacit knowledge, including their experiences and intuitions, and utilizes that knowledge for big data analysis. FRONTEO continues to expand its business operations by applying KIBIT to new fields such as healthcare and marketing. FRONTEO was founded in 2003 as a provider of e-discovery and international litigation support services. These services include the preservation, investigation and analysis of evidence materials contained in electronic data, and computer forensic investigation. FRONTEO provides e-discovery and litigation support by making full use of its data analysis platform, “Lit i View”, and its Predictive Coding technology adapted to Asian languages. The company name was changed from UBIC, Inc. to FRONTEO, Inc. as of July 1, 2016.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the amount of data that FRONTEO expects to manage this year and the potential uses for FRONTEO’s new service in intellectual property-related litigation, contain forward-looking statements. FRONTEO may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about FRONTEO’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FRONTEO’s goals and strategies; FRONTEO’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, FRONTEO’s services; FRONTEO’s expectations regarding keeping and strengthening its relationships with customers; FRONTEO’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where FRONTEO provides solutions and services. Further information regarding these and other risks is included in FRONTEO’s reports filed with, or furnished to the Securities and Exchange Commission. FRONTEO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and FRONTEO undertakes no duty to update such information, except as required under applicable law.
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