Centric Software Signs Partnership Agreement with Lidington Technologies
Partnership Expedites Rapid Adjustment of Packaging Machines to Meet Fast Changing Consumer Packaging Requirements
SAN JOSE, Calif. – July 18, 2006 – Centric Software, the leading provider of Product Intelligence solutions for the extended enterprise, announced today a partnership agreement with Lidington Technologies, a strategic business consulting firm for package machinery manufacturers and users. Lidington works with executives to optimize packaging costs, product volume and throughput, compressed product development and launch schedules, and continually changing packaging designs in the food, pharmaceutical and consumer goods industries.
Historically, packaging machines were built to run one package size for long periods; however, the continual market drive for more new products and outlets has caused consumer goods companies to demand more flexible, lower-cost packaging machines that can speed time-to-market and optimize equipment use. To meet these demands, packaging machinery manufacturers are introducing new machines as rapidly as possible at lower cost, in order to pass cost and time savings on to their customers.
Through this partnership, Lidington Technologies and Centric Software will now offer packaging machine manufacturers a templated, software-based Product Intelligence solution designed to optimize modular design of packaging machines that can adapt easily to changing packaging requirements. In addition, the software solution enables a lean manufacturing environment. Centric’s Product Intelligence provides a secure, online, interactive decision-support environment that empowers manufacturers to build new modularized packaging machine designs to market-driven targets.
“Centric’s Product Intelligence solutions, together with proprietary processes developed over 20 years in the packaging industry, will enable packaging machine manufacturers to realize significant bottom line benefits -- an average savings of 30 percent on machine cost reduction, 50 percent on delivery time reduction and 50 percent on operations personnel savings,” said Rick Lidington, chief executive officer of Lidington Technologies.
“Maintaining profitability is extremely difficulty when companies must constantly change to meet the evolving requirements of the marketplace and capture market attention through packaging,” said Chris Groves, chief executive officer at Centric Software. “With the combined Lidington packaging approach and Centric’s Product Intelligence solutions, packaging machine manufacturers benefit by offering better machines that meet their customer’s requirements for design re-use, reduced costs and increased machine uptime; while food, pharmaceutical, and consumer goods companies benefit by getting products to market more quickly at lower cost.”
With an innovative design and manufacture-to-cost approach, Lidington’s business transformation process improves cost structure and cycle time through modular packaging machines. The joint solution accelerates parallel processing of design, sourcing, assembly and fabrication processes.
About Centric Software, Inc.
With Product Intelligence solutions from Centric Software, global executives and multidisciplinary teams collect all relevant information for any product or capital program initiative, decide on the appropriate action, execute on the initiatives, and assess progress against business goals. Global enterprises, such as Bristol-Myers Squibb, Coleman, Emerson, Moen, Hamilton Sundstrand, Siemens, Timex, Volvo, Iowa State University and others, use Centric's solutions to achieve top line revenue growth, direct cost reductions and insight into capital programs. Customers represent multiple industries, including aerospace, automotive, consumer goods, AEC/owner operator, life sciences, consumer electronics and universities.