Applix Flies High with Business Intelligence Solutions for the Aviation and Aerospace Industry.Business Editors/High-Tech Writers WESTBOROUGH, Mass.--(BUSINESS WIRE)--Oct. 1, 2003 Increasingly, Competitive Aviation and Aerospace Organizations Demand 'What-if' Analysis Applix, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : APLX), a global provider of Business Intelligence (BI) and Business Performance Management (BPM) solutions, today demonstrated its continued success within the aviation and aerospace industries with leaders such as easyJet, BAE and Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. using Applix solutions for rolling forecasts and budgets, operational analysis, financial consolidation, fleet availability, capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. and optimization of cargo revenue. For more information on the use of Applix solutions in the aviation and aerospace industries, go to http://www.applix.com/aviation. Within the highly competitive aviation and aerospace manufacturing environment, companies deploy TM1, Applix's online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ) engine, because of TM1's unique ability to provide real-time access to interactive data. Senior managers and executives in the industry need fast access to corporate data and often need to quickly adjust their thinking to vigorous market forces. Major issues in the airline and transportation industry include seasonal travel adjustments, sudden increases or drops in passenger loads, failures and bankruptcy, fuel price changes, labor disputes or work stoppages and pricing promotions due to competitive pressures. "These issues drive demand for a real-time ability to interact with data and use 'what-if' analysis to understand trends and their impact, and then to plan or reshape plans," said David Menninger, vice president, marketing of Applix. "Manufacturers have hundreds of suppliers and a lengthy roster of fluctuating individual part prices that need to be incorporated into their budgeting and planning process," Menninger continued. "The rise of industry consortiums such as Airbus is adding another layer of intricacy in·tri·ca·cy n. pl. in·tri·ca·cies 1. The condition or quality of being intricate; complexity. 2. Something intricate: the intricacies of a census form. Noun 1. when you consider the need to roll up figures during the budgeting process. While the issues may vary, the solution, a real-time application that provides access to dynamic information is the same. Only through the use of an application such as TM1 can users test the impact of various changes to their data through a 'what-if' analysis." Applix solutions are used to manage business performance throughout diverse aerospace and aviation enterprises. Examples of Applix's success in the industry range from major and budget airlines to air and land transport specialists to world-class airplane manufacturers. Examples include: BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. Glasgow BAE Warton BAE Systems Farnborough Bombardier Aerospace CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility Transportation Danzas easyJet Lockheed Martin (http://www.applix.com/lockheed) Lufthansa (http://www.applix.com/lufthansa) Lockheed Martin worked with Applix partner, Adonix, Inc., to implement a multifaceted reporting and reconciliation application based on Applix's TM1. With the solution's flexible account and time period roll-up structure, the team was able to eliminate the need for linked workbooks and time-consuming rekeying In cryptography, rekeying refers to the process of changing the encryption key of an ongoing communication in order to limit the amount of data encrypted with the same key. and reconciliations. "Our department has saved at least thirty man weeks of time per year," said J.T. (Tom) Hudson, program administrator, Lockheed Martin Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. , Accounting and Government Practices. "One report that used to require forty hours to create now takes one hour." About Applix Applix (NASDAQ: APLX) is a global provider of Business Intelligence and Business Performance Management solutions. These solutions enable the continuous management and monitoring of performance across the financial, operational, customer and organizational functions within the enterprise. More than 1,700 customers worldwide user Applix's adaptable, scalable and real-time solutions, delivered by Applix and by a global network of partners, to manage their business performance and respond to the marketplace in real-time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit www.applix.com. This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions, loss of key personnel, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , potential fluctuations in quarterly results, lengthy sales cycles, market acceptance of new or enhanced products and services, factors affecting spending by customers and other risks, uncertainties and factors including those described in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002 under the heading "Risk Factors" and its most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. under the heading "Factors That May Affect Future Results." The forward-looking statements provided by the Company in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release. (C)2003 Applix, Inc. All rights reserved. Applix and TM1 are registered trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners. |
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