Babcock & Wilcox Selects MatrixOne in $2.5 Million Agreement.Business/Technology Editors WESTFORD, Mass.--(BUSINESS WIRE)--Oct. 29, 2002 Global Electric Power Generation System Provider to Implement MatrixOne PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design Solutions for Complex Engineered-to-Order Environment MatrixOne, 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 : MONE), a leading provider of collaborative product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management (PLM) solutions for the value chain, today announced that The Babcock & Wilcox Company (B&W), a global supplier of power generation systems and equipment, has selected MatrixOne solutions in an agreement valued at more than $2.5 million. Chosen for their ability to manage the complexities of highly engineered-to-order products, MatrixOne collaborative PLM solutions are designed to reduce cycle times, achieve greater operational effectiveness, and eliminate project variability. B&W designs and builds major power generation systems that can require two years or more to complete. Managing such complex projects requires extensive documentation - often more than a million documents for a single project. B&W will deploy MatrixOne solutions to create a secure, online business collaboration environment to help manage its complex, unique, engineered-to-order, multi-million-dollar projects and bring them to completion more quickly at a higher quality and reduced cost. "B&W supplies innovative solutions to meet the world's growing energy needs," said Penny Sherrod, director of Enterprise Systems for Babcock & Wilcox. "In fact, B&W power generation systems and equipment can be found in more than 800 utilities and industries in more than 90 countries. MatrixOne's collaborative PLM solutions will bring a greater degree of operational effectiveness to our organization, giving us the balance we seek between project control and engineering enablement. The scalability and flexibility of the solution also ensures the implementation will easily grow as our needs expand." B&W will deploy the eMatrix(R) Global Collaboration Platform An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. and Value Chain Portfolio(TM) applications. The MatrixOne Team Central(TM) application will provide the collaboration workspace and project management capabilities necessary to realize consistency and greater profitability in delivering power plant projects in which a significant number of variables are introduced by suppliers and third-party groups. The MatrixOne DocuManagement Central(TM) application will support project management by enabling B&W to manage documents including customer specifications, which are legally binding documents in engineered-to-order projects, and formal correspondence between B&W, its suppliers and its customers. The MatrixOne Engineering Central(TM) application is designed to reduce costs and cycle times, while improving quality, by streamlining engineering change processes through B&W's engineering design programs. "The opportunity to streamline processes and reduce costs in highly complex engineered-to-order projects is immense," said John Fleming
John Fleming was a judge in Cumberland County, Virginia and had been in the House of Burgesses for 10+ years. , senior vice president of worldwide marketing for MatrixOne. "Our solutions are designed to enable customers like B&W to make more accurate and feasible design and development decisions across its value chain of customers, suppliers, and third-party vendors. This will help them reduce design delays and engineering changes while speeding the completion of the overall project." About Babcock & Wilcox The Babcock & Wilcox Company is a unit of McDermott International, Inc. (NYSE NYSE See: New York Stock Exchange : MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ), a leading worldwide energy services company. McDermott subsidiaries manufacture steam-generating equipment, environmental equipment and products for the U.S. government. They also provide engineering and construction services for the offshore oil and natural gas industries. About MatrixOne MatrixOne, Inc. (NASDAQ: MONE) is a recognized leader in delivering collaborative Product Lifecycle Management (PLM) solutions. We provide flexible solutions that unleash the creative power of global value chains to inspire innovations and speed them to market. MatrixOne's more than 625 global customers represent the aerospace and defense, automotive, consumer products, high technology, life sciences, machinery and the process industries, and include Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , General Electric, Honda, Johnson Controls Johnson Controls, Inc. (NYSE: JCI) is a United States company, based in Milwaukee, Wisconsin, specializing in the design, manufacturing, and installation of automotive systems, automotive batteries (Optima[1] based in Denver, Colorado) and climate control systems. , Philips, Procter & Gamble, and Siemens. MatrixOne (www.matrixone.com) is headquartered in Westford, Massachusetts Westford is a town in Middlesex County, Massachusetts, United States. The population was 20,754 at the 2000 census. History Westford was first settled in 1635. Originally a part of neighboring Chelmsford, West Chelmsford soon grew large enough to sustain its own with locations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia/Pacific. MatrixOne and eMatrix are a registered trademarks, and Leading Provider of Collaborative Product Lifecycle Management Solutions for the Value Chain, Value Chain Portfolio, MatrixOne Engineering Central, MatrixOne DocuManagement Central, and MatrixOne Team Central are trademarks of MatrixOne, Inc. All other trademarks and service marks are the property of their respective owners. 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. in this release are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, among others: poor product sales, long sales cycles, difficulty developing new products, difficulty in relationships with vendors and partners, higher risk in international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , difficulty 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, difficulty managing rapid growth, and increased competition. For more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings. |
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