Mar 05, 2002 
Based on Valor�s own extensive customer research, Valor established e4eNet in order to satisfy the need within the global electronics market for a solution to provide secure on-line product development technology to enable disparate customers, partners and suppliers to collaborate through the web, in real-time. Through its innovative business-process optimization systems, e4eNet has become the leader in engineering collaboration technology.
Current trends in new product introduction (NPI) ensure that global engineering collaboration remains a high-profile challenge. As product life-cycles continue to shrink, and design complexity continues to increase, the creation and management of engineering changes becomes more complicated. Coupled with the outsourcing revolution we see today, the need for an NPI-focused engineering collaboration solution has never been more critical.
Schmil Dolberg, president and CEO of Valor Computerized Systems Ltd. said, �Demand for secure but flexible engineering collaboration within predominantly outsourced electronics supply chains is ramping up. Initial subscriptions to the e4eNet service are accelerating, fully vindicating our original strategy to concentrate on collaboration tools which focus specifically on the electronics design and manufacturing market. We especially value all the input we have received from launch-customers, and look forward to further compounding the value of the e4eNet solution, through on-going co-operation with leading electronics design and manufacturing partners.�
Leigh Eichel, president of e4eNet said, �It has been an exciting year for us. Working closely with our development beta partners, such as EMC2 and Celestica, has enabled us to quickly mature our product technology into a stable, world beating engineering collaboration solution. In 2001 we successfully delivered our first commercial product release to the mass market, and since then have stuck to our product roadmap, delivering all product releases on time. But most importantly we have achieved formal customer acceptance of the e4eNet solution.
Sanmina-SCI selected e4eNet for both internal engineering collaboration and secure collaboration with their third-party partners. PC Wong, Engineering Manager of Sanmina-SCI said, �The biggest bottleneck in our process is synchronizing last minute design issues just before prototype. The e4eNet solution allows us to collaborate over the web to quickly resolve any issues that arise, and we can do it securely across company firewalls. This saves us valuable time, making it possible for us to complete each project more quickly.�
According to Eichel, �Our customers typically measure return-on-investment based on time-to-market gains. By implementing the e4eNet solution we can help them improve process efficiencies and productivity, speed communications enterprise-wide, and ensure better control and management of data. Our research shows that companies using the e4eNet solution are regularly seeing direct cost savings which more than covers the cost of the e4eNet service; conservative estimates of payback indicate a return on investment of less than 6 months. This is particularly valuable in NPI, where up to 80% of the cost of a new product is in its design.�
To support the growing number of customers worldwide, a key objective for e4eNet this year is to expand its sales organization across North America, and into Europe and Asia. With the recent appointment of Valor�s sales and support subsidiaries as distributors, to cover all major global markets including the Pacific Rim, e4eNet extends its implementation capabilities worldwide.
About e4eNet, Inc.
e4eNet, is the leading company for business to business collaboration technology. The business optimization systems enable corporations to have direct, over the Internet integration with all suppliers including distributors, contract manufacturers, financial institutions, and any other trading partners. e4eNet technology develops a suite of premier services which enable high velocity business to business collaboration.
e4eNet services have been characterized as a leap forward in business to business supply chain management technology. The company's web-intrinsic applications for building supply chain communities allows manufacturers, suppliers, and customers to dynamically interact, plan, schedule, and commit, both cost-effectively and in real-time, using only an industry-standard browser as the desktop interface. For more information visit http://www.e4enet.com or call
+ 1 (617) 376-8810.
About Valor
Valor Computerized Systems [Neuer Markt: VCR], a public company listed on the Neuer Markt of the Frankfurt Stock Exchange, is a global leader in providing collaborative engineering solutions to electronics design and manufacturing companies. Valor�s range of best-in-class systems delivers enhanced productivity, higher yields, shorter cycle times and increased product quality. Enterprise 3000 for physical design verification, Trilogy 5000 for NPI and manufacturing, and the VPL physical component data service, all add value to the Valor-funded ODB++(X) open data format. ODB++(X) provides intelligent data exchange across the electronics supply chain - from design to fabrication, assembly and test � and its success as a high-level engineering data format is proven through its wide use in the industry. e4eNet Incorporated is a wholly owned Valor subsidiary company that provides real-time web-based electronic engineering collaboration solutions. Valor is headquartered in Israel with regional sales and customer service offices throughout North America, Europe and the Far East. For more information visit http://www.valor.com.
For more information please contact:
Valor Corporate & Europe
Sharon Graves
PentaCom Public Relations
Tel: +44 (0)1242525205
sharon.graves@pentacomagency.com
E4eNet
Judy Delude
e4eNet, Incorporated
Tel: (617) 376-8810 Ext. 107
jdelude@e4eNet.com
