The Babcock & Wilcox Company Continues Innovation Leadership with Integration of RuleStream and MatrixOne; RPM and PLM Technologies Work Together to Drive Efficiencies, Shorten Engineering Times.WESTFORD, Mass. & WAKEFIELD, Mass. -- 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 : MONEE), 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 (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 the value chain(TM), and RuleStream Corporation, provider of rules-driven product management (RPM) solutions to the discrete manufacturing Fabricating products by assembling components and subsystems into larger systems. The automated assembly line is the prime example of discrete manufacturing such as in the making of automobiles, household appliances and computer systems. industries, today announced the successful integration of the two companies' flagship products as part of an ongoing implementation at The Babcock & Wilcox Company (B&W), a leading provider of products and services to the power generation industry. With the latest project milestone reached, B&W has brought together its RPM, PLM and MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design systems in an intuitive and effective application that B&W engineers use to capture and reuse best practices and engineering resources. The integration allows B&W to use existing company knowledge to create and manage raw material items. With thousands of possible part/spec combinations, the integration between RPM and PLM results in the creation of better quality parts. "Leading manufacturers are already shortening engineering time through process improvement supported by new rules-driven software," said Marc Halpern, research director at industry analyst firm Gartner. "In the future, the integration between PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and and the rules engine will allow innovative new products to be designed with CAD models using PDM-controlled parts and items that are based on specifications and the context of use. This will streamline the generation of project proposals, make estimates of project costs more accurate and maximize part reuse." B&W engineers will be able to review their custom engineering designs, quickly incorporate engineering changes--even those with complicated design dependencies--and ensure access to up-to-date product information from their MatrixOne PLM system and SolidWorks MCAD models. Mike Segal, senior vice president of global sales and services for MatrixOne, said, "Through our strong partnership with RuleStream, we were able to provide B&W with a comprehensive solution to meet its productivity and performance goals while maintaining its ability to adapt quickly to changing circumstances. MatrixOne is committed to solving companies' most challenging product development and deployment problems. RuleStream's ability to capture knowledge and ensure its reuse is a powerful capability that MatrixOne users can take advantage of to great success, as B&W is showing." "Implementing rules-driven product management at all stages of the engineering lifecycle is helping The Babcock & Wilcox Company streamline a number of complex engineering processes," said Robert Nierman, chief executive officer, RuleStream. "B&W is already realizing a reduction in engineering times by being able to quantify and replicate business and engineering rules using RuleStream. Combining a shorter sales cycle with full MCAD visibility and instant access to critical PLM information should provide B&W with a significant market advantage." About The Babcock & Wilcox Company The Babcock & Wilcox Company is a subsidiary 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: MONEE), a leading global provider of collaborative product lifecycle management (PLM) software and services, enables companies to accelerate product innovation to achieve top line revenue growth and improve bottom line profitability. With world-class PLM solutions and a commitment to customer success, MatrixOne is focused on helping companies across the automotive, aerospace & defense, consumer, machinery, medical device, semiconductor and high-tech industries solve their most challenging new product development and introduction problems. More than 800 companies use MatrixOne's solutions to drive business value and gain a competitive advantage, including industry leaders such as BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. , Bosch, Comau, 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. , Linde AG, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Nokia, Philips, Porsche, Procter & Gamble, Sony Ericsson For an arrangement of Sony Ericsson products, see list of Sony Ericsson products Sony Ericsson is a joint venture established in 2001 by the Japanese consumer electronics company Sony Corporation and the Swedish telecommunications company Ericsson to make mobile phones. , STMicroelectronics and Toshiba. 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 the MatrixOne logo are registered trademarks and "a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain" is a trademark of MatrixOne, Inc. Autodesk and Autodesk Inventor Autodesk Inventor is the 3D parametric solid modeling package produced by U.S.-based software company Autodesk. It competes with other CAD systems such as SolidWorks, Pro/ENGINEER, and Solid Edge. are registered trademarks of Autodesk, Inc., in the USA and/or other countries. All other trademarks and service marks are the property of their respective owners. Forward-looking statements 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, difficulty assimilating 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. About RuleStream RuleStream, the leader in rules-driven product management (RPM), allows manufacturers to accelerate product planning, design and production by more effectively aggregating and managing their Intellectual Property (IP) assets. RuleStream's patent-pending software solutions help companies in a wide variety of industries--from F&A to AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission to automotive and aerospace--realize higher productivity, faster design cycles, better quality and greater product innovation. An extension of traditional product lifecycle management solutions, RuleStream's RPM technology ensures that business decisions incorporate the most up-to-date product-based intellectual property. RuleStream employs a breakthrough user environment that allows subject matter experts to easily capture rules about requirements, best practices, and capabilities for all product-centric business operations. For more information visit www.rulestream.com. |
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