Mazal Tov! Tecnomatix Receives $850,000 Order From Renault
7 February 2000
Tecnomatix Receives $850,000 Order From RenaultHERZLIYA, ISRAEL Feb. 7, 2000--
during the first 6 months of a new car program -
Tecnomatix Technologies Ltd. (NASDAQ-NM symbol: TCNO), a pioneer and world leader of Digital Factory software, announced today that Renault, the French auto manufacturer, has placed an order worth $850,000 for software and services for manufacturing its next mid-range model. The initial orders cover software and services to be delivered during the first six months of the multi-year car program.
The mid-range segment represents a significant portion of Renault's total vehicle sales and demonstrates Renault's high standard of style, value and quality. Tecnomatix' extensive offering and experience in manufacturing is expected to make a major contribution to this program's success.
Renault has been using Tecnomatix solutions for over 10 years. Throughout this time, Tecnomatix has consistently demonstrated its ability to deliver robust process engineering products that have helped the car manufacturer improve production processes, reduce costs and time to market.
"Renault's choice is a further expression of the confidence that world-leaders in the automotive industry have in Tecnomatix software and its ability to improve their production processes," said Harel-Beit-On, president, and chief executive officer of Tecnomatix Technologies. "Renault has been using our Digital Factory software for many years for detailed design of work cells. We are particularly pleased that Renault will start using our products early in its mid-range car program - in the preplanning phase - which will enable them to plan and evaluate different alternatives up front and help them to make more reliable decisions."
Renault will use Tecnomatix' products for designing car body assembly processes, analyzing product assemblies and manufacturing feasibility, and creating quality inspection programs. In addition, Renault will use Tecnomatix software in the preplanning phase, for conceptual design and optimization of assembly lines including line balancing, logistics, and in-line delivery. Tecnomatix tools will facilitate collaborative design among suppliers and partners.
ABOUT TECNOMATIX TECHNOLOGIES
TECNOMATIX TECHNOLOGIES LTD. (www.tecnomatix.com) is a pioneer and world leader of Digital Factory software. The Digital Factory is an integrated computerized environment that enables planning, collaborating and managing manufacturing processes throughout the global supply chain. The Company's software solutions help companies meet their manufacturing goals; to accelerate the introduction of new products, reduce engineering and manufacturing costs, minimize production downtime, increase productivity and improve quality.
Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, changes in the level of activity in the automotive industry, decline in demand to the Company's products, inability to timely develop and introduce new technologies, products and applications and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
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