Apr 08, 2002 Nashua, NH
Tecnomatix Technologies, Ltd. (NASDAQ: TCNO), the leading provider of Manufacturing Process Management (MPM) software solutions, today announced that Autron Corporation Limited has entered into a strategic agreement with Tecnomatix to resell eMPower(TM) solutions to the Asian electronics manufacturing market. This agreement will provide Autron's customers with MPM solutions that create collaborative development environments and optimize manufacturing processes across the extended enterprise and supply chain.
Autron, the leading system integrator in the Asian market, will resell Tecnomatix MPM solutions to its expanding customer base. The company serves a rapidly growing market for electronics Manufacturing Process Management solutions. The strategic partnership brings together Tecnomatix software solutions with hardware, manufacturing services, research and development, and servicing solutions from Autron. Autron will also provide the systems integration services.
"We looked at the market landscape and clearly saw the leadership position of Tecnomatix Unicam," said Mr. Tan Cheng Leong, Autron group managing director. "After discussing with our key customers and ensuring we had alignment with Tecnomatix Unicam's vision and executive team, the decision to move forward was simple. We look forward to a long-lasting and mutually beneficial relationship with Tecnomatix Unicam."
"Asia is and will continue to be a major player in the global electronics assembly industry's environment. This relationship capitalizes on Autron's strength as a value-added integrator of best-in-class technologies," said Israel Levy, chief executive officer of the Tecnomatix Unicam subsidiary of Tecnomatix Technologies. "They understand the market and have a sound reputation for sales and service in this region, making them an ideal partner to help us further our commitment to the Asian region."
About Tecnomatix Technologies, Ltd.
Tecnomatix Technologies, Ltd. (NASDAQ: TCNO) is the world's leading provider of Manufacturing Process Management software for the electronics, automotive, aerospace and heavy equipment industries. The company's eMPower software enables global manufacturing customers to build the best production strategies to succeed in their increasingly complex environments. Tecnomatix applications run on an open platform providing a collaborative environment for authoring, simulating and managing manufacturing processes across the extended enterprise and its suppliers. The company, founded in 1983, has offices and distributors in North America, Europe, the Pacific Rim and Latin America. Additional information about the company can be found at http://www.tecnomatix.com.
About Autron Corporation Limited
Autron Corporation, listed on both the Singapore and Australian Stock Exchanges, is a fully integrated supplier of assembly equipment and services to the electronics industry. It provides sales and distribution services, manufacturing, and research and development and servicing. The Group operates more than 30 sales and service centers in Singapore, Malaysia, Thailand, Philippines, Indonesia, Australia, Taiwan, Hong Kong, China, India, Japan and Korea. The Group's business operation is managed by two core business operations units: The North Asia Group, managed from Hong Kong, covers Autron business operations in Hong Kong, China, Taiwan, Japan and Korea, with more than 20 sales and service centers, as well as several manufacturing facilities. located in this region. All business operations are managed from Hong Kong centrally. The South Asia Group, managed from Singapore, covers operations in Singapore, Malaysia, Indonesia, Thailand, Philippines, Australia and India are managed from Singapore. Currently, there are more than 15 sales and service centers in this region.
Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act 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 political, 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.
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