Forming Technologies Announces CATIA-Based ProgNest

                

Oakville, ON, CANADA — October 2, 2007 —Forming Technologies Inc. (FTI) the industry’s leading developer of solutions for design, simulation, and costing of sheet metal components, today announces at the COE 2007 Automotive Industry Workshop in Dearborn, the global release of Catia ProgNest R18 CAA V5 based. ProgNest is the only tool in Catia for Nesting Sheet Metal Blanks on Progressive Die Strips. ProgNest produces up to 9 progressive die configurations as well as calculating accurate cost evaluations based on nesting layout, carrier location, and dimension. All results are stored in the standard CATPart file for ease of use of PLM integration. This is the latest solution fully integrated into Catia CAAV5 environment and is installed on R16, 17, & 18.


“ProgNest is the latest solution fully integrated within the Catia environment,” said Michael Gallagher, Vice President of Sales and Marketing, FTI. “Our clients will be able to process more quotes and accurately estimate the progression and coil width requirements which will enable them to reduce collaboration lag resulting in 50% less engineering changes and mistakes. Another key advantage of ProgNest is it reduces the risk of inaccurate material cost calculations from estimate to actual – which means the difference between taking on a job that is not profitable to profitable.”

About Forming Technologies
Forming Technologies Incorporated is the world’s leading developer of computer aided engineering software for design and simulation of sheet metal components. For the past 18 years, FTI has provided OEMs and suppliers in the automotive, aerospace and appliance industries with innovative software and training solutions designed to reduce development time and material costs. FTI has trained over 12,000 engineers in Formability and Die Design and is considered the Best in Class around the world for
their industry training programs. FTI and its global network of partners provide sales and technical support to customers in more than 35 countries. For information visit the company’s website ( www.forming.com)


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