Intermat Reports Outstanding Success in First Quarter of Privatization.Business Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--May 29, 2003 Intermat(R) Inc., the leading provider of maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) content management software and cataloging services, today reported the highlights of their successful first quarter ended March 31, 2003. Intermat's chief executive officer, Blair Garrou, said, "While we attribute a portion of our success to our renewed growth strategy, there is no doubt that our 25 years of in-house MRO cataloging expertise was the primary factor in our ability to win engagements and successfully deliver cataloging solutions across multiple industries." During the quarter, Intermat completed successful implementations of the Standard Modifier (programming) modifier - An operation that alters the state of an object. Modifiers often have names that begin with "set" and corresponding selector functions whose names begin with "get". Dictionary(TM) (SMD (1) (Storage Module Device) A high-performance hard disk interface used with minis and mainframes that transfers data in the 1-4 MBytes/sec range (SMD-E provides highest rate). See hard disk. ), Intermat's cataloging methodology, as well as Struxure(R), the company's flagship catalog content authoring and management software application, for numerous customers in a variety of industrial and manufacturing vertical markets. Jim Crouch, Intermat's vice president of sales and marketing, said, "With a three to six month payback period Payback Period The length of time required to recover the cost of an investment. Calculated as: on project costs, many of these customers are already beginning to realize the ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). that Intermat has enabled. We've empowered them to gain control over their inventory, which will translate to tangible and sustainable cost benefits from decreased inventory costs, higher equipment availability and increased worker productivity." First Quarter Highlights: -- Completed both the privatization transaction and a new partnering agreement with MRO Software. -- Increased revenues 16 percent from the previous quarter, Intermat's third straight quarter realizing top-line growth. -- Completed catalog data standardization projects for several customers including Edwards Air Force Base Edwards Air Force Base, U.S. military installation, 301,000 acres (121,805 hectares), S Calif., NE of Lancaster; est. 1933. It is one of the largest air force bases in the United States and has the world's longest runway. , Kraton Polymers and GE Plastics. -- Implemented the SMD and provided on-site catalog data enhancement for Bristol-Myers Squibb in support of their ongoing MAXIMO rationalization initiatives. -- Continued to assist Shell Oil Products US (SOPUS SOPUS Shell Oil Products US SOPUS Senior Officer Present (USN) ) in their SAP materials master database standardization and enhancement at eight refineries across the United States. -- Expanded our enterprise license agreement with Robert Bosch Corporation for our Struxure cataloging software. -- Continued to assist Merck in their catalog enhancement initiatives in the United Kingdom and other European sites. -- Launched a pilot catalog data standardization project for Bridgestone/Firestone in support of their ongoing SAP rationalization initiatives. About Intermat: Intermat Inc. is the leading provider of MRO content management software and cataloging services. For 25 years, Intermat has helped Global 2000 companies optimize and manage their MRO catalog databases. Intermat's software products are used daily by over 1,000 industrial plants and facilities in 27 countries. Intermat's catalog services have enabled its customers to improve throughput, eliminate excess inventory and procurement costs, and realize maximum benefits from their ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. systems. For more information please visit www.intermat.com. The Intermat logo design, Intermat, SMD, Struxure, and Struxure.net are registered trademarks of Intermat Inc. All other product names mentioned herein are trademarks or registered trademarks of their respective owners. |
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