Sep 12, 2006 Under the terms of the agreement, Valor has acquired the exclusive rights to EO Tech�s electronics assembly, QA, test and repair software. The software from EO Tech delivers key functionality in the areas of test and inspection, paperless repair, manual assembly, box build, workflow control, quality control, ERP integration, and enterprise-level reporting. Valor expects to integrate this functionality into its next generation Manufacturing Planning and Execution Suite (MPES), planned for launch during 2007. Valor�s research and development department will also broaden its quality and test expertise by integrating EO Tech�s team of experienced engineers with its operations.
Commenting on the acquisition, Ofer Shofman, Valor�s president and CEO, said, �EO Tech�s technology further strengthens Valor�s electronics-specific solutions, in both depth of integration to additional critical factory floor operations and breadth of coverage as an end-to-end solution for electronics assembly and test operations. We anticipate that it will accelerate our development program and will help us realize our Dynamic Assembly vision sooner than expected. We expect this will enable our customers to make the next step towards overcoming the productivity gap, and will help them increase their profits by optimizing yield, shortening cycle time, and extracting more value out of existing capital investments and reduced inventories.�
Valor�s strategy for Dynamic Assembly reaches beyond the boundaries of current DFM and PCB assembly offerings. Based around an intelligent data model, the company�s Manufacturing Planning and Execution Suite (MPES) provides closed loop planning and execution, real-time assembly and optimization, and right-first-time programming.
Built on modern Microsoft technology, the EO Tech software is a multi-dimensional manufacturing information and quality system that maximizes quality and continuously improves production processes. It has been successfully implemented and field proven in companies across the industry.
About Valor
Valor Computerized Systems Ltd. develops compelling technologies for simulating and optimizing the manufacture of printed circuit boards. Valor's breakthrough technologies for product design analysis, simulation and optimization of PCB assembly, and Manufacturing Operations Management increase productivity, yield and quality, and help streamline and accelerate product innovation in a fast-paced global market. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731]. Its customer base includes the majority of Tier I and Tier II companies in the electronics industry, most of which are Fortune-500 companies. More information on Valor can be found on http://www.valor.com.
Contact Information
Valor Corporate:
Alon Erlich
Valor Computerized Systems, Ltd.
alon.erlich@valor.com
Tel: +972-(0)8-943-2430
Editor Contact:
Cathryn Hage
Anderson Burnbreck PR
cathryn-h@andburn.co.uk
Tel: +44 1242 518399
Certain statements included herein, containing forward-looking terminology or the negative thereof or other variations thereof or comparable terminology, constitute �forward-looking statements�. In addition, all information included herein with respect to projected or future results of operations, financial condition, financial performance or other financial or statistical matters constitute such forward-looking statements. Valor wishes to caution the reader not to rely on any such forward-looking statements. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made. For more information, please see Valor�s website at: http://www.valor.com/Forward_Looking_Statements.jsp
