2003 Jun. - Product Life Cycle Management - History PLMIC™ - The Home of Flexible PLM Resources™
PLM News and Updates:
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MatrixOne Provides PLM Solutions for Cummins Inc.; Leading Diesel Engine and Services Provider Drives Global Product Development Using MatrixOne's Collaborative PLM Environment:
MatrixOne Provides PLM Solutions - Cummins Inc., A Global Power Leader:
WESTFORD, Mass.--(BUSINESS WIRE)--June 16, 2003-- MatrixOne, Inc. (NASDAQ:MONE), a leading provider of collaborative product lifecycle management (PLM) solutions for the value chainš, today announced that Cummins Inc., a leader in the manufacture of diesel engines, generators and filtration products, has expanded its use of MatrixOne solutions to provide a single global environment for engineering and program management across multiple Cummins divisions. After its initial MatrixOne implementation, Cummins is now applying MatrixOne solutions to standardize processes for new product introduction and engineering change management to ensure projects remain on schedule and drive global cost reductions.
For more than 50 years, Cummins has managed engineering design information and standards that are physically located in several locations across the world. By deploying MatrixOne's collaborative PLM solutions, this critical information can now be easily and securely accessed by Cummins global network of employees, manufacturing plants and suppliers, which is expected to result in greater overall efficiency, productivity and cost savings.
Cummins is deploying MatrixOne Engineering Centralš and MatrixOne Program Centralš to provide a single global environment for product release and program management across multiple Cummins divisions. With this implementation, Cummins is extending its user base to include marketing personnel and program managers as well as expanding use among designers, engineers and suppliers. By establishing these standardized processes for global collaboration in the MatrixOne environment, Cummins expects to realize significant savings in its value package introduction (VPI) process, which ensures products are delivered on time and on budget.
"Cummins is a recognized visionary in the application of diesel power technology, and the company is now applying that visionary approach to how it develops its products from the earliest stages of design," said Mike Segal, MatrixOne's Senior Vice President of Customer Success. "By enabling a single PLM environment that eliminates the barriers between organizations, companies and geographies, MatrixOne solutions help companies like Cummins streamline the product development process, reduce costs and realize bottom-line benefits."
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 23,700 employees worldwide, Cummins reported sales of $5.9 billion in 2002.
About MatrixOne, Inc.
MatrixOne, Inc. (NASDAQ:MONE) is a recognized leader in delivering collaborative Product Lifecycle Management (PLM) solutions. We provide flexible solutions that unleash the creative power of global value chains to inspire innovations and speed them to market. MatrixOne's customers include global leaders in the aerospace and defense, automotive, consumer products, high technology, life sciences, machinery, and the process industries, including Agilent Technologies, General Electric, Honda, Johnson Controls, Philips, Procter & Gamble, Siemens, and Toshiba. MatrixOne is headquartered in Westford, Massachusetts with locations throughout North America, Europe, and Asia/Pacific.
MatrixOne and eMatrix are registered trademarks, and a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain, MatrixOne Program Central and MatrixOne Engineering Central are trademarks of MatrixOne, Inc. 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.
