NASHUA, N.H.--(BUSINESS WIRE)--April 14, 2003--Tecnomatix
Technologies Ltd. (NASDAQ:
TCNO), the driving force in Manufacturing
Process Management (MPM), has been included in Gartner's latest
Product Lifecycle Management (PLM) Magic Quadrant.
The research note (available to Gartner clients at
www.gartner.com), entitled "PLM Market Requires Best-of-Breed and ERP
Capabilities," highlights PLM vendors that are expected to have the
greatest impact in the discrete manufacturing and process industries.
This is the first time that Tecnomatix has been included in the Magic
"Inclusion in Gartner's PLM Magic Quadrant is a significant step
for us and for our customers," said Harel Beit-On, Tecnomatix chairman
and CEO. "It confirms the results our customers are achieving by
managing their manufacturing processes with Tecnomatix eMPower(TM)
solutions. As we expand our vision for MPM from planning and
simulation to include execution processes, we offer customers a
performance feedback loop between product design and manufacturing
engineering, and shop floor production."
For additional information about Tecnomatix eMPower solutions for
The Magic Quadrant is copyrighted March 2003 by Gartner, Inc. and
is reused with permission, which permission should not be deemed to be
an endorsement of any company or product depicted in the quadrant. The
Magic Quadrant is Gartner, Inc.'s opinion and is an analytical
representation of a marketplace at and for a specific time period. It
measures vendors against Gartner defined criteria for a marketplace.
The positioning of vendors within a Magic Quadrant is based on the
complex interplay of many factors. Gartner does not advise enterprises
to select only those firms in the "Leaders" quadrant. In some
situations, firms in the Visionary, Challenger, or Niche Player
quadrants may be the right matches for an enterprise's requirements.
Well-informed vendor selection decisions should rely on more than a
Magic Quadrant. Gartner research is intended to be one of many
information sources including other published information and direct
analyst interaction. Gartner, Inc. expressly disclaims all warranties,
express or implied, of fitness of this research for a particular
This press release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, which
are subject to risks and uncertainties that could cause actual results
to differ materially from those anticipated. Such statements may
relate to the Company's plans, objectives and expected financial and
operating results. The risks and uncertainties that may affect
forward-looking statements include, but are not limited to: currency
fluctuations, global economic and political conditions, market demand
for Tecnomatix products and services, long sales cycles, new product
developments, assimilating future acquisitions, maintaining
relationships with customers and partners, and increased competition.
For more details about the risks and uncertainties of the business,
refer to the Company's filings with the Securities and Exchange
Commission. Tecnomatix undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Tecnomatix Technologies Ltd. Bill Siegel, 603/766-9638 Email Contact or Investor Contact: The Ruth Group David M. Pasquale, 646/536-7000 Email Contact or Media Contact: Topaz Partners Todd Van Hoosear, 781/388-7900, ext. 209 Email Contact