Datasweep Announces Record Fiscal Year, 2002 Milestones.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--July 31, 2002 44% Increase in Revenue Over FY2001, Customer Milestones and Industry Awards Cap Record Fiscal Year for Supply Chain Market Leader Datasweep, Inc., the leader in Web-based Integrated Plant Systems (IPS (1) (Inches Per Second) The measurement of the speed of tape passing by a read/write head or paper passing through a pen plotter. (2) (IPS) (Intrusion Prevention S ), announced today strong fiscal growth for FY2002, marked by a 44% increase in revenue over FY2001. Highlights of the company's success include the latest release of its flagship Datasweep(R) Advantage(TM) 5.0 product suite in February 2002. With this enhanced offering, Datasweep significantly expanded beyond its Manufacturing Execution System – Manufacturing execution system (MES) describes a set of integrated functions within a packaged software system or it can also describe the accumulated functionality within the production management infrastructure of a manufacturing or production company. (MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of ) roots to deliver a unique solution that enables manufacturers to more effectively control their plant operations, streamline their supply chains and manage their products across the entire lifecycle. The Advantage 5.0 integrated suite introduced new solutions including Quality and Corrective Action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or , Supplier Management, Production Inventory, Manufacturing Dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. and Multi-Plant Consolidation. Datasweep demonstrated strong customer momentum, particularly in the medical industry, as well as with leading industrial equipment and telecom manufacturers. Customer wins included mobile ultrasound ultrasound or sonography, in medicine, technique that uses sound waves to study and treat hard-to-reach body areas. In scanning with ultrasound, high-frequency sound waves are transmitted to the area of interest and the returning echoes recorded device maker Sonosite, medical device maker Ethicon, a subsidiary of Johnson & Johnson, automotive transmission maker ZF Meritor and expanded deployments by Datasweep's existing world-class customers including Lucent and Andersen Corporation. "In this difficult economy, manufacturers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. every opportunity to streamline operations and reduce production costs, while improving product quality and customer satisfaction," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. Richardson, senior vice president, AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research. "Datasweep continues to be successful as a company because it solves fundamental problems by delivering specific, measurable value quickly." Highlights during the last fiscal year include: -- Increased Company Growth and Recognition: Datasweep posted a record fiscal year with a 44% increase in revenue over the same period the previous year. As industry recognition of this growth, Datasweep was listed as one of the year's top 100 companies by Red Herring magazine and was voted one of the top ten private enterprise software companies most likely to succeed at Technologic Partners' Enterprise Outlook conference. -- New Product Suite & Enhanced Supply Chain Footprint: Datasweep announced the release of the newest version of its flagship product suite, Advantage 5.0, in February 2002, featuring five new solutions that continue to expand Datasweep's footprint and broaden the benefits that Datasweep offers to its customers -- Quality and Corrective Action, Supplier Management, Production Inventory, Manufacturing Dashboard and Multi-Plant Consolidation. The Datasweep Advantage 5.0 integrated suite manages day-to-day manufacturing operations to improve quality, on-time delivery and overall supply chain performance. -- New Customers & Global Deployments: Based on installations in as short as 12 weeks and demonstrated return on investment within the first six months, Datasweep continued its solid customer growth. Johnson & Johnson subsidiary Ethicon, ultrasound technology pioneer SonoSite and life sciences research equipment maker Molecular Devices joined the growing roster of medical industry customers. In addition, Datasweep secured wins with several leading telecommunications manufacturers, including Powerwave, Flextronics Photonics, Finisar and Harris Corporation as well as ZF Meritor in the automotive market. Existing customers including Lucent and Andersen Corporation, after achieving demonstrated hard dollar ROI, expanded deployments of Datasweep. -- Reseller Agreement with Global Leader GE Fanuc: Datasweep is pleased to be partnered with recognized global leader GE Fanuc, a division of GE Industrial Systems, and is already seeing tangible results of this reseller agreement. Together GE Fanuc and Datasweep deliver a collaborative manufacturing solution, combining plant operations with an integrated supply chain for the automotive segment, GE-owned businesses and the process industry. -- New Executive Appointment: Datasweep increased the strength of its management team with the addition of Lou Unkeless CPIM, CIRM, vice president of marketing, who brings over 20 years of experience working for leaders in the enterprise applications market including Oracle, i2, RightWorks (acquired by i2) and Agile Software. About Datasweep Datasweep develops and markets Web-based Integrated Plant Systems (IPS) incorporating manufacturing execution, quality assurance, repair and business intelligence applications. Global manufacturers and their supply chain partners use Datasweep Advantage software to leverage the Internet to improve delivery and quality while reducing cost and inventory throughout the 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. . Customers include General Electric (GE), Johnson & Johnson (JNJ JNJ Johnson and Johnson (stock symbol) JNJ Journal of Nursing Jocularity ), Lucent (LU), Flextronics International, Ltd. (FLEX), KLA-Tencor Corporation (KLAC), Harris Corporation Harris Corporation NYSE: HRS is an international communications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. (HRS hrs abbr (= hours) → h hrs abbr (= hours) → Std. ), Finisar (FNSR) and Sonosite (SONO). Additional information can be found on the Internet at www.datasweep.com. Note to Editors: Datasweep is a registered trademark of Datasweep, Inc. Advantage, Supplier Management, Production Inventory, Manufacturing Dashboard are trademarks of Datasweep, Inc. All other trademarks are the property of their respective owners. |
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