ArthroCare Corporation and Lucent Technologies Honored for the Successful Use of Technology to Solve Critical Business Issues
This year's Technology and Business awards were judged by a panel of industry analysts. Winners were chosen based on the technology challenges they faced in solving critical business issues and the technological solution employed to successfully resolve these challenges.
ArthroCare, a multi-business medical device company, was recognized for realizing cost and operational efficiencies by moving to a platform-based development and manufacturing model along with moving their manufacturing to an offshore location in Costa Rica. With a single product record managed in Agile Product Collaboration, the real-time communication between this new location and the R&D teams in the U.S., U.K. and Sweden enabled the medical device company to reduce product change times nearly 80 percent, from nine to two days, resulting in an acceleration of the entire product development cycle. In addition, by using the Agile solution, ArthroCare was able to reduce their cost of warranty and cost of failures.
Lucent Technologies, a leading global supplier of communications networking equipment, was selected for realizing savings due to reductions in design cycle times, scrap, rework and additional inventory consumption by moving to a virtual manufacturing model. Lucent's key to creating a virtual supply network was the insight and collaboration enabled by Agile's suite of PLM solutions, including Agile Product Collaboration for visibility into the product record, and Agile Product Cost Management, which has helped Lucent more effectively analyze and manage aggregated projected direct material spend across the supply chain.
"ArthroCare and Lucent exemplify the power of PLM to enable successful business transformation and to streamline product lifecycles to improve margins and maintain a competitive edge," said Bryan Stolle, Agile CEO and Chairman. "We are extremely pleased that the industry recognizes the outstanding practices of our customers and we are committed to continuing to support their efforts as leaders within their respective industries."
The 2005 T&B Awards ceremony was held August 11 at the Hard Rock Hotel in Chicago, Illinois. Winners will be featured in the cover story of the magazine's October 2005 issue and can also be found online at www.startmag.com.
About Start Magazine
Start, the voice of the manufacturing executive, provides executives with a balance between the technology issues and the greater business management issues facing executives today. Start offers the most sound technology advice coupled with solid coverage of the financial, political, and management news and events shaping manufacturing. Rather than simply pitching the latest concepts in technology, Start focuses on the business issues impacting the manufacturer's bottom line. That is exactly why Start has become, and will remain, the first word on manufacturing innovation, driven by technology. For more information, please visit www.startmag.com
About Agile Software Corporation
Agile Software Corporation helps companies drive profits, accelerate innovation, reduce costs, and ensure regulatory compliance throughout the product lifecycle. With a broad suite of enterprise class PLM solutions, time-to-value focused implementations, and a unique Guaranteed Business ResultsSM program, Agile helps companies get the most from their products. Alcatel, Boeing, Dell Inc., Flextronics International, Hitachi, Leapfrog, Lockheed Martin, Magna Steyr, Siemens, QUALCOMM and ZF are among the over 10,000 customers in the automotive, aerospace and defense, consumer products, electronics, high tech, industrial products, and life sciences industries that have licensed Agile solutions. For more information, call 408-284-4000 or visit www.agile.com.
NOTE: Agile and Agile Software are registered trademarks and Agile On Demand, Agile Advantage, Agile Product Collaboration, Agile Product Cost Management, Agile Product Service & Improvement, Agile Program Execution, Agile Engineering Collaboration, Agile Product Interchange, AgileMD and the Agile logo are trademarks of Agile Software Corporation in the U.S. and/or other countries. Guaranteed Business Results is a service mark of Agile Software Corporation. All other brand or product names are trademarks and registered trademarks of their respective holders.
CONTACT: Terri Pruett of Agile Software Corporation, +1-408-284-4048, or