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PARAGON TECHNOLOGIES, INC. FORMS

ALLIANCE WITH VOXWARE, INC.

 

EASTON, PA — December 19, 2006 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of “smart” material handling systems and “software-driven” warehouse and distribution center solutions, announced today that it has signed a Value Added Reseller Agreement with Voxware, Inc. (Nasdaq:VOXW), a leading supplier of voice-driven logistics solutions. This partnership enables Paragon to offer voice-driven applications Powered by Voxware ™.

 

Voxware’s standards-based, open software will enable SI Systems Order Fulfillment brand to integrate highly flexible and powerful voice-driven capabilities into comprehensive systems. This new voice-driven functionality will enable warehouse and distribution center operations to more effectively and productively perform tasks such as picking, receiving, put-away, replenishment, and returns processing. Voxware’s software allows users of SI Systems’ SInthesis ™ Warehouse Control System to experience the high productivity and increased accuracy that voice offers, while giving SI Systems the ability to easily change and evolve its voice-enabled functionality as its customers’ business processes change.

 

Joel Hoffner, President and CEO of Paragon Technologies, commented, “Our current and prospective customers will find great value in the voice capabilities that Voxware software will bring to our distribution center solutions. For example, they will be able to more productively perform tasks such as order picking while enjoying exceptional order accuracy. Our Agreement with Voxware furthers our strategy to provide an extensive suite of voice-enabled products and capabilities to a wide variety of customers.”


Voxware President Scott Yetter said, “Voxware’s core technology is based on open industry standards, which Paragon will find particularly valuable, because it will enable Paragon to easily integrate voice solutions into its warehouse management applications. Paragon’s customers will also be able to use these voice solutions on their choice of a wide range of mobile computers from numerous manufacturers. This includes multi-modal devices that perform multiple functions on the same device such as RF scanning and voice.”


About Paragon Technologies

Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems’ Production & Assembly and Order Fulfillment branded technologies and material handling solutions address unit assembly in manufacturing operations and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems leading clients have included the United States Postal Service, BMG, Peterbilt, Honda, CVS Pharmacy, Maybelline, and Walgreens.

 

 

Cautionary Statement.  Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Commission rules, regulations and releases.  Paragon intends that such forward-looking statements be subject to the safe harbors created hereby.  Among other things, the forward-looking statements regard Paragon’s earnings, liquidity, financial condition, review of strategic alternatives, and other matters.  Words or phrases denoting the anticipated results of future events, such as “anticipate,” “does not anticipate,” “should help to,” “believe,” “estimate,” “is positioned,” “expects,” “may,” “will,” “is expected,” “should,” “continue,” and similar expressions that denote uncertainty, are intended to identify such forward-looking statements.  Paragon’s actual results, performance, or achievements could differ materially from the results expressed in, or implied by, such “forward-looking statements:” (1) as a result of factors over which Paragon has no control, including the strength of domestic and foreign economies, sales growth, competition, and certain cost increases; and (2) if the factors on which Paragon’s conclusions are based do not conform to its expectations.  Furthermore, achievement of the objectives of the Company following the sale of Ermanco is subject to risks associated with business disruption resulting from the announcement of the sale and other risks outlined in Paragon’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2004 and the most recent quarterly report on Form 10-Q for the quarter ended June 30, 2005.