Artesyn Technologies Uses eMPower Solutions from Tecnomatix to Enable High-Mix, Low-Volume Manufacturing.Business Editors/High-Tech Writers HERZLIA, Israel--(BUSINESS WIRE)--Dec. 8, 2003 International Electronics Manufacturer Aims to Shorten New Product Introduction Times by Integrating Multiple Production Machine Platforms Tecnomatix Technologies Ltd. (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 : TCNO TCNO Time Compliance Network Order (USAF) TCNO Tactical Computers Network Operators ), the driving force in Manufacturing Process Management Manufacturing Process Management (MPM) is a collection of technology and methods used in the manufacture of products. It incorporates such technologies as computer-aided production engineering (CAPE), Advanced Planning & Scheduling (APS) , computer-aided manufacturing (CAM), (MPM MPM Multi-Processing Module (Apache) MPM Manufacturing Process Management MPM Milwaukee Public Museum MPM MMW (Millimeter Wave) Power Module MPM Master of Project Management (degree) ), announced today that Artesyn Technologies will use eMPower(TM) solutions from Tecnomatix to shorten new product introduction (NPI NPI National Provider Identifier, see there ) times and support a high-mix, low-volume (HMLV HMLV High Mix, Low Volume HMLV Highly Maneuverable Lethal Vehicle ) manufacturing environment for its electronics assembly processes in the company's China-based operations. Artesyn handles more than 800 different kinds of products per year in its Zhong Shan facility, making rapid NPI and engineering change request response critical to successful HMLV operations. eM-Assembly Expert will allow Artesyn to set up a unified software platform to integrate its multiple production machine platforms in the facility. The improved efficiency and the product's advanced optimization capabilities will help Artesyn maintain its competitive advantage in the power conversion equipment and real-time communication subsystems markets. "We evaluated the challengers, and have been impressed by both the quality and scope of the eM-Assembly Expert product, as well as the professionalism and expertise of the Tecnomatix team helping us to implement this new solution," said Michael Wong Michael Wong is the name of:
"We are very pleased that Artesyn selected our eMPower products after their thorough analysis of the alternatives," said Israel Levy, chief executive officer of Tecnomatix Unicam, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Tecnomatix Technologies Ltd. "We are proud of eMPower's ability to win and grow in its dominant market position. The professionalism of our team combined with our dedication to the true needs of our customers is an important part of being the broadest MPM software provider for electronics manufacturers." About Tecnomatix Technologies Ltd. Tecnomatix Technologies, Ltd. (NASDAQ: TCNO) is the driving force in Manufacturing Process Management (MPM). Today's leading global manufacturers are adopting MPM solutions to expand revenue potential and reduce costs by enhancing manufacturing's ability to support the business strategy of choice. These companies are using Tecnomatix eMPower(TM) MPM solutions to accelerate product introductions, shorten time to volume, and optimize production execution. eMPower enables our customers to succeed with its collaborative, open platform and applications for defining, simulating, managing, and executing manufacturing processes across the extended enterprise. More information is available at www.tecnomatix.com. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , within the meaning 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, which are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the Company's plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, market demand for Tecnomatix products and services, long sales cycles, new product developments, assimilating as·sim·i·late v. as·sim·i·lat·ed, as·sim·i·lat·ing, as·sim·i·lates v.tr. 1. Physiology a. To consume and incorporate (nutrients) into the body after digestion. b. future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchange Commission. Tecnomatix undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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