The deal, the largest ever for Tecnomatix, covers Ford's manufacturing operations worldwide.
Manufacturing process management (MPM) solutions provider Tecnomatix Technologies (Nasdaq: TCNO) has signed a global agreement with Ford. The agreement to implement Tecnomatix MPM solutions throughout the customer's manufacturing operations worldwide represents an expansion of an existing relationship with Ford, and is expected to generate total revenues in excess of $50 million over the next four years.
Under the agreement, Ford will purchase Tecnomatix eMPower software, services and maintenance, including the eM-Planner product suite, a comprehensive set of applications for manufacturing process planning, simulation, and design and production validation. According to the agreed-upon framework, purchase volumes are expected to increase gradually during the early stages of the agreement, accelerating as deployment ramps up.
"This is the most extensive agreement in the history of Tecnomatix. It addresses all of our customer's manufacturing disciplines worldwide, and firmly establishes Tecnomatix as the global leader and driving force in MPM solutions," said Harel Beit-On, Tecnomatix chairman and CEO. "Tecnomatix has the expertise and technology to support an implementation of this scale. We have the right vision for MPM and the proven ability to execute on that vision."
Published by Globes [online] - www.globes.co.il - on December 18, 2003