Tecnomatix Receives $400,000 Order for e-Manufacturing Software From Aptum.Business & Technology Editors HERZELIYA, Israel--(BUSINESS WIRE)--April 25, 2001 Long-Term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. Success with Tecnomatix Solutions at Parent Company CETI CETI Centro de Enseñanza Técnica Industrial CETI Communication with Extraterrestrial Intelligence CETI Clean Energy Technologies, Inc. CETI Center for Electronic Text and Image CETI China Educational Technology Initiative , a Leading French Automotive Engineering Noun 1. automotive engineering - the activity of designing and constructing automobiles automotive technology engineering, technology - the practical application of science to commerce or industry and Design Firm, Drives Strategic Partnership with Aptum 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 Symbol: TCNO TCNO Time Compliance Network Order (USAF) TCNO Tactical Computers Network Operators ), the world leader in e-Manufacturing engineering software solutions, today announced a strategic partnership with Aptum, a leading French engineering and design firm, as well as a $400,000 initial order for its eMPower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems e-Manufacturing software. The strategic partnership results from Tecnomatix' long-standing relationship with Aptum's parent company, CETI, the leading French engineering and design firm for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . Under the terms of the agreement, Aptum and Tecnomatix will offer their mutual customers a full process design and engineering solution. In addition, Aptum will use eMPower solutions to expand its business by offering its customers manufacturing line layouts, automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. and manual process designs, and robot programs. "Current market demands require automotive OEMs and their suppliers to work more closely together in order to improve efficiency and deliver better production lines faster. Through a partnership with Tecnomatix, Aptum will be able to better address its customer needs, increasing their productivity, machine efficiency and product quality," said Michel Duchet, Managing Director, Aptum. "Tecnomatix' extensive knowledge of automotive manufacturing technology, experience on the shop floor and leading position in the market will help us reach our goals of providing the best solutions and services to our automotive customers," said Jacques Fernandes, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , CETI. "Tecnomatix welcomes the opportunity to build on its long-standing, positive relationship with CETI by mirroring this success in its relationship with Aptum," said Harel Beit-On, President and CEO, Tecnomatix Technologies. "By implementing the Tecnomatix e-Manufacturing solutions, Aptum will be able to increase its market presence and leverage its strategic relationship with Tecnomatix in international projects. This agreement also serves to strengthen our leadership position in the expanding European engineering and design market." About Aptum Aptum focuses on providing to automotive, aerospace and train industries e-Manufacturing services (process design, flow simulation, process data management, and machining simulation). It is the daughter company of CETI, a leading French engineering company with over 200 engineers and technicians designing complete sub-assemblies as well as sophisticated metal and plastic parts. The company with over 60 years in R&D experience has also expanded into delivering other services such as audit, patent applications, technology transfer and dedicated trainings. About Tecnomatix Technologies Tecnomatix Technologies Ltd. (NASDAQ-NM: TCNO) is the world's leading provider of e-Manufacturing solutions that develop, communicate and operate optimal manufacturing processes across the extended enterprise. The Company's software helps manufacturers in the automotive, aerospace, electronics, PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. and heavy equipment industries meet the challenges of e-business by accelerating time-to-market and time-to-customer, reducing production costs and increasing quality and productivity. Additional information about Tecnomatix can be found at www.tecnomatix.com. Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify 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. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, changes in the level of activity in the automotive industry, decline in demand to the Company's products, inability to timely develop and introduce new technologies, products and applications and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission. Note: All brand, product and company names are trademarks of their respective owners. |
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