Tecnomatix Receives $1.15M Order From Engineering & Design AG
18 October 1999
Tecnomatix Receives $1.15M Order From Engineering & Design AG for Digital Factory Software
HERZLIYA, Israel--Oct. 18, 1999--One of Europe's Largest Automotive Engineering & Line Design Houses
Expands Its Deployment of Digital Factory Software
TECNOMATIX TECHNOLOGIES LTD. announced today that Engineering & Design AG of Germany ("EDAG") has placed a follow-on order worth $1.15 million for its Digital Factory software.
EDAG, one of the leading design and engineering companies for the European automotive industry, is a long-time customer of Tecnomatix and has been using a wide range of Tecnomatix Digital Factory tools to reduce manufacturing planning time and cost, eliminate process errors and speed-up ramp up time on the shop floor. This order will enable EDAG to expand its deployment of the Digital Factory worldwide. EDAG's subsidiaries will use the products from first design concept through installation of lines at their customer's site. These activities include factory planning, material flow simulation, detailed design and verification of robotic and manual cells and lines, as well as product assembly analysis and manufacturing feasibility studies.
"EDAG was one of the first design houses to recognize the benefits of the Digital Factory and was a major contributor to the development of our Process Planning Application," said Harel Beit-On, President and CEO of Tecnomatix.
TECNOMATIX TECHNOLOGIES LTD. is a pioneer and world leader of Digital Factory software. The Digital Factory is an integrated computerized environment that enables manufacturers to design, plan, simulate and optimize a complete factory, its production lines and processes, at all levels of detail. 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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