Formtek Continues Successful Relationship With Volvo
4 January 1999
Formtek Continues Successful Relationship With Volvo; Major Contract Awarded
PALO ALTO, Calif.--Jan. 4, 1999--Volvo Contracts 6,500 Seats of FORMTEK
REPOSITORYLINK Application for SAP R/3 System
Formtek, Inc., a leader in the integrated document and output management (IDOM) marketplace, today announced a major contract expansion with Volvo Information Technology AB, a unit of the Volvo Group.
Volvo Group, a Swedish company with global operations, has been a Formtek customer since 1994. Volvo IT licensed 6,500 authorized users (AU's) of the FORMTEK(R) REPOSITORYLINK(tm) Application for SAP(tm) R/3(tm) System.
Volvo IT will use the REPOSITORYLINK application to leverage SAP R/3 System files across their enterprise -- cutting administrative costs, reducing lead times, and streamlining processes. The primary application being supported is "Electronic Invoice" handling.
The contract expands the global accessibility of Volvo's enterprise data managed by FORMTEK technology and delivers benefits to the entire Volvo organization. A common secure web-centric archive manages and distributes critical documents, drawings, and images, as well as archived data originating from the Volvo SAP R/3 System.
The REPOSITORYLINK application gives SAP R/3 System customers a stable, reliable bridge from their Enterprise Resource Planning (ERP) solution to the secure document control features of FORMTEK:ORION(tm) software. Formtek's REPOSITORYLINK application supports common customers with integrated ERP capabilities.
Additionally, the REPOSITORYLINK application addresses the concerns of a growing SAP R/3 user base by providing real-time access to secure document control. FORMTEK:ORION software leverages SAP's powerful financial management capabilities by allowing users to work through their existing, preferred applications and platforms.
"The ability for Volvo to use the known and existing technology from Formtek in support of archiving services for SAP, decreases cost and increases commonality," said Rolf Persson of Volvo IT. "These are key goals for the Volvo Group."
"We are excited to continue working with Volvo Group, one of the world's leading automotive and industrial transportation manufacturers in the world," said Dennis Scanlon president and CEO of Formtek, Inc. "This contract represents Volvo's ongoing confidence in Formtek's overall superior product and service offerings. Additionally, the REPOSITORYLINK integration with SAP expands our presence in this important strategic market."
About Volvo Group
Volvo is an international transport equipment group with a worldwide marketing organization and production in 30 countries. The Group, which was founded in 1927, today has 73,000 employees and sales of more than 22.5 billion U.S. dollars (SEK 180 billion).
The breadth of Volvo's product program is unique in the industry; it comprises passenger cars, trucks, buses, construction equipment, and drive systems for marine and industrial applications, as well as the development, production and maintenance of aircraft engines.
Volvo is a well-known and respected brand name, strongly identified with quality, safety and concern for the environment. The Group's leading position in the fields of vehicle safety and quality is consolidated through continuing improvements and technical innovations. In the environmental area, Volvo is intensifying efforts to reduce a negative impact on the environment throughout the entire life cycle of its products.
About Formtek
Formtek, Inc., a Lockheed Martin Company, is a unit of Lockheed Martin's Integrated Business Solutions Company within the Information and Services Sector of the Lockheed Martin Corporation. Formtek provides the most secure and scalable Internet-based integrated document management software products in the industry.
Combined with skilled enterprise systems integration services for vertical business solution applications, Formtek has one of the most powerful integrated document management offerings today.
Headquartered in Palo Alto, Formtek has worldwide customers in many industries, including discrete manufacturing, aerospace and defense, utilities, construction, process manufacturing, and public agencies. For more information, visit Formtek's web site at www.formtek.com
Note to Editors: FORMTEK is a registered trademark and FORMTEK:ORION and REPOSITORYLINK are trademarks of Formtek, Inc., a Lockheed Martin Company. All other trademarks and/or registered trademarks are the property of their respective owners.