Moldflow Awarded US Patent For Dual Domain Technology
24 August 2000
Moldflow Awarded US Patent For Dual Domain Technology
LEXINGTON, Mass.--Aug. 24, 2000--Moldflow Corporation , the world's leader in process wide plastic solutions, announces that it received a US patent for its Dual Domain(TM) technology -- the foundation of its Moldflow Plastics Advisers(R) (MPA(R)) and FUSION(TM) simulation products. The patent is also pending, or has been granted, in many other jurisdictions. The patent protects Moldflow's world class technology and reaffirms the company's strong leadership position and commitment to developing the best software for the plastic injection molding marketplace.
Prior to the introduction of the Dual Domain technology, analyzing an injection molded plastic part design was often a tedious process because of the time, effort and skill level required to first create a midplane mesh. Using this midplane model often restricted the application of analysis to only the most troublesome parts. Moldflow products incorporating Dual Domain technology remove this bottleneck by enabling analysis directly on a CAD solid model. Using Dual Domain technology, product designers now have the ability to easily analyze every part and every design iteration for manufacturability at a time where it counts most -- early in the design cycle. Manufacturers using MPA and FUSION products have documented a reduction in model preparation time from weeks to minutes.
Marc Dulude, Moldflow president and CEO, says, "The technological innovation that this patent protects is already helping thousands of manufacturers more efficiently predict and solve problems early in the design cycle when changes are most cost effective. Instead of considering analysis as a verification/validation tool, the technology is now a mission critical component that drives the design cycle."
Inventors A. Roland Thomas, Moldflow's vice-president of research and development, and Moldflow senior R&D engineer Huagang Yu are named as inventors on this comprehensive patent. Dulude adds, "We are proud to have within our midst some of the most talented researchers in this industry. Roland Thomas' and Huagang Yu's expertise and perseverance enabled Moldflow to reach another milestone in its history as the software leader in the plastic injection molding business. This patent clearly reaffirms the company's leadership position."
About Moldflow Corporation
Moldflow is the world leader in plastic simulation software used by designers and manufacturers to produce optimal plastic parts. Customers such as BASF, Baxter, BMW, Compaq, Dow Chemical, DuPont, Ford, GE Plastics, Hewlett-Packard, Lego, Mazda, Monsanto, Nypro, Toshiba, Toyota, Samsung, Sun Microsystems, and many others use Moldflow technology to produce billions of injection molded parts each year. The automotive, aerospace, computer, consumer goods, and medical industries have incorporated Moldflow's easy to use, predictive applications throughout all phases of the injection molded plastic part design to manufacture processes to reduce product costs, accelerate time-to-market and optimize plastic part production.
In 1997, Moldflow introduced the world's first solids-based design verification tool for plastics, Moldflow Part Adviser(R) (MPA(R)), for plastic part designers. In 2000, Moldflow launched www.plasticszone.com, the world's first e-business website for intelligent, predictive engineering for injection molded plastics. The site provides an array of products such as iMPA(TM), a fully functional electronic version of the award winning Moldflow Part Adviser product. Other world-class Moldflow products include Moldflow Mold Adviser(TM), Moldflow Plastics Insight(TM) (MPI(TM)), and Moldflow Plastics Xpert(TM) (MPX(TM)).
Also in 2000, Moldflow successfully completed its initial public offering. The company's headquarters is located in Lexington, MA. The company maintains research and development facilities in Australia, the United Kingdom, and United States, as well as direct sales and marketing offices throughout the USA, Europe, and Asia. For more information about Moldflow and its products and services visit the web site at www.moldflow.com or call 781-674-0085; fax: 781-674-0267.
Note to editors: Moldflow, C-MOLD 2000, Moldflow Plastics Xpert, Moldflow Plastics Advisers, Moldflow Plastics Insight, MPA, MPI, MPX, iMPA, plasticszone, and plasticszone.com are trademarks or registered trademarks of Moldflow Corporation or its subsidiaries worldwide. All other trademarks are properties of their respective holders.
Pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, the Company notes that any statements contained in this press release that are not based on historical facts are forward looking statements. Such forward looking statements include statements regarding Moldflow's or management's intentions, hopes, beliefs, expectations, projections or plans for the future and include statements regarding Moldflow's market leadership in process wide plastics solutions and expected benefits, including productivity and time savings, to be derived by customers using Moldflow products. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: potential challenges to our patent and the introduction of new products that render our technology obsolete; as well as other risks and uncertainties detailed from time to time in reports filed by Moldflow with the Securities and Exchange Commission, including the Company's Final Prospectus dated March 27, 2000 and the quarterly report on Form 10-Q for the quarter ended April 1, 2000.