Ford Signs Agreement to Begin Deployment Of Global Strategy Based On Tecnomatix eMPower Solutions
NASHUA, N.H.--Feb. 11, 2002--Tecnomatix Technologies, Ltd. , the leading provider of Manufacturing Process Management (MPM) software solutions, today announced that Ford Motor Company has signed an agreement to begin implementing Tecnomatix eMPower(TM) MPM solutions - including software applications, service and maintenance - in support of efforts to streamline and standardize the global manufacturing process definition throughout most of Ford's lines of business. This agreement with Tecnomatix represents Ford's first global implementation of a commercial MPM solution.
Covering the company's Ford, Lincoln, Mercury, Jaguar, Volvo, and Land Rover brands, this agreement was established in an effort to reduce costs as well as improve quality of product and manufacturing process design. Under the agreement, Tecnomatix will provide Ford with the eMPower MPM solution including eMPlanner, eBOP Browser, and eMReports. Tecnomatix eMPower MPM solutions can contribute significantly to global manufacturers' efforts to reduce process design costs, improve the efficiency and flexibility of manufacturing process change control, and manage accessibility to the overall process. eMPower helps improve the manufacturing cost structure by establishing a single, consistent representation of the manufacturing process and enhancing communication between manufacturing, product development, and the suppliers that require this information. This higher level of collaboration also improves quality while saving money, by allowing potential problems in the process to be identified earlier, when they can be fixed at lower cost.
To meet the demands of today's highly volatile automotive market, Tecnomatix will help Ford to achieve the highest possible levels of communication among manufacturing and product development groups worldwide, and reduce costs throughout the process. An effective and comprehensive global manufacturing process management strategy is a key component of that effort requiring the support of innovative, global solutions like those provide by the Tecnomatix eMPower MPM solution.
"Tecnomatix shares Ford's passion for better ideas, and we have worked together for many years as they have expanded the use of our technology," said Harel Beit-On, chairman and CEO of Tecnomatix Technologies. "eMPower MPM solutions can make a critical contribution to efforts to improve communication between manufacturing and product development, to achieve significant cost savings throughout the process, and support investment in and commitment to new product programs. Tecnomatix is pleased to have this new opportunity to contribute to Ford's mission of revitalization to produce the highest-quality cars and trucks while reducing the cost structure and enhancing the overall manufacturing process. We look forward to the opportunity to expand on this initial implementation for Ford, as the eMPower MPM strategy proves its worth."
About Tecnomatix Technologies, Ltd.
Tecnomatix Technologies, Ltd. is the world's leading provider of Manufacturing Process Management software for the electronics, automotive, aerospace, and heavy equipment industries. The company's eMPower software enables global manufacturing customers to build the best production strategies to succeed in their increasingly complex environments. Tecnomatix applications run on an open platform providing a collaborative environment for authoring, simulating and managing manufacturing processes across the extended enterprise and its suppliers. The company, founded in 1983, has offices and distributors in North America, Europe, the Pacific Rim, and Latin America. Additional information about the company can be found at www.tecnomatix.com.
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, political 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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