PSA Peugeot Citroen Signs Multi-Million Dollar Deal for Tecnomatix eMPower Solutions and Service
HERZLIA, Israel--July 26, 2004--| Europe's Second-Largest Automaker Extends Its Digital Factory Implementation With eMPower CarBody Solution to Plan and Manage Body-In-White Processes |
PSA Peugeot Citroen, the largest automotive OEM in France and the second-largest in Europe, has selected Tecnomatix eMPower(TM) solutions and services for the final phase of its worldwide digital factory implementation.
The agreement, valued at several million dollars over the course of its two-year term, comes after a year-long pilot project. PSA Peugeot Citroen has purchased several seats of the Tecnomatix eMPower CarBody solution for a phased roll-out. This new purchase follows on the success of a first deployment of Tecnomatix solutions across PSA Peugeot Citroen's powertrain division at the beginning of 2004.
Following an extensive competitive evaluation period, PSA Peugeot Citroen chose eMPower as its mainstream Manufacturing Process Management (MPM) solution for the CarBody, and Tecnomatix as its partner for achieving this ambitious goal. PSA Peugeot Citroen will use the eMPower solutions during the Body-In-White pre-planning and process definition stages to evaluate resource allocation, validate assembly scenarios, minimize the impact of product variances and improve collaboration capabilities across line builders and throughout the supply chain.
"PSA Peugeot Citroen has demonstrated a strong commitment to growth, recognizing that a robust MPM solution is a key component in meeting its business goals," said Jaron Lotan, president and chief executive officer, Tecnomatix Technologies. "PSA Peugeot Citroen's digital factory strategy, embodied in its INGENUM project and supported by eMPower solutions, provides a strong platform for future growth - allowing PSA Peugeot Citroen to respond more rapidly to changes in consumer demand and new manufacturing technologies. Tecnomatix's ability to integrate our eMPower solutions with PSA Peugeot Citroen's existing IT environment, along with our proven expertise in the Body-In-White area, were key to PSA Peugeot Citroen's decision to deepen its investment in Tecnomatix Technologies and our eMPower solutions for MPM."
The eMPower CarBody solution being implemented by PSA Peugeot Citroen includes the following eMPower products:
-- eM-Planner and Process Designer for complete 3D process design (operation, part and resource) across all plants of the division to support all manufacturing activities
-- eM-Weld for the validation of weld points (in terms of both feasibility and reach ability) and gun selection
-- eM-Workplace for robotics simulation
-- eM-Assembler for assembly studies and test
-- eM-Human for operator view at workstation
-- eBOP Manager and eBOP Browser for data sharing and data consulting
About PSA Peugeot Citroen
PSA Peugeot Citroen ranks among the world's leading automotive groups. A business with significant technological, industrial, financial and commercial presence, the Group draws its strength from its two volume brands, Peugeot and Citroen, from the skills of its 200 000 employees around the world, and from a stable shareholder base. In 2003, PSA Peugeot Citroen reported stable sales volumes with 3.286.100 cars sold worldwide and consolidated its position as Europe's No. 2 car manufacturer. Over the next few years, PSA Peugeot Citroen will actively pursue a strategy of growth, driven by products, innovation and international expansion. The Group will continue to innovate, design and manufacture cars daily in order to meet the needs of customers the world over and to make the Peugeot and Citroen brand names synonymous with progress.
About Tecnomatix Technologies Ltd.
Tecnomatix Technologies Ltd. provides the world's leading Manufacturing Process Management (MPM) solutions for the automotive, electronics, aerospace and other manufacturing and processing industries. Tecnomatix eMPower solutions for MPM enable the design, simulation, and execution of production processes, and provide real-time control and visibility throughout shop floor operations. More than 5000 companies worldwide are using eMPower solutions to reduce operating costs, accelerate product introductions, and shorten time-to-volume - while maintaining high levels of product and process quality. With offices in over 20 countries, Tecnomatix supports such global leaders as PSA Peugeot Citroen, BMW, Boeing, Comau, Ford, GM, Mazda, Philips, Schneider Electric and Volkswagen. For more information, visit www.tecnomatix.com.
This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the Company's plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, market demand for Tecnomatix products and services, long sales cycles, new product developments, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchange Commission. Tecnomatix undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.