Tecnomatix Receives $645,0000 Order from BMW Group
28 February 2000
Tecnomatix Receives $645,0000 Order from BMW Group; BMW Group Increases Deployment of Tecnomatix Software for Rover and Land Rover to Accelerate Product Time to Market
HERZLIYA, Israel--February 28, 2000--Tecnomatix Technologies Ltd. (NASDAQ-NM Symbol: TCNO), a pioneer and world leader of Digital Factory software, announced today a $645,000 follow-on order for Tecnomatix software from the BMW Group for its Rover and Land Rover brands.Rover and Land Rover will use the Tecnomatix process planning solution on its new future small/medium sized car and future 4 by 4 programs. The BMW group has been using the software on its BMW brand to create best practice processes. Following the success, the BMW Group decided to deploy the software at Rover and Land Rover to help shorten planning lead time and delivery time.
Rover and Land Rover are already effectively using Tecnomatix software to design and optimize manufacturing operations, analyze product assemblies, and manage inspection processes. With the expanded implementation, Tecnomatix' solutions will be used upstream in the process for planning body-in-white and trim and final production lines.
"We are pleased that the Rover Group is extending its use of the Tecnomatix software to expedite time to market and improve manufacturing processes from the preplanning stages of production through ramp up," said Harel Beit-On, president and CEO, Tecnomatix Technologies. "We are confident that Rover will experience a continued reduction in costs and improved level of quality in products."
ABOUT TECNOMATIX
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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