Product Collaboration Solutions Generate Lower Operating Costs by Increasing Efficiency Between Both Parties in Joint Venture
WESTFORD, Mass.--(BUSINESS WIRE)--Nov. 12, 2001-- MatrixOne, Inc. (NASDAQ: MONE - news), a leading provider of product collaboration solutions for the value chain, today announced that Heidenheim, Germany based Voith Siemens Hydro Power Generation GmbH & Co.KG, one of the world's premier manufacturers of hydroelectric power plant equipment, has selected MatrixOne product collaboration solutions. Implementing MatrixOne solutions will increase Voith Siemens Hydro's efficiency by bringing together and managing information about products for the company's comprehensive solutions and services to global energy producers. This unified view of product information gives Voith Siemens the ability to speed more innovative technology to its customers, ultimately resulting in lower operating costs for its customers' hydro power plants in a market that is experiencing increased competitive pressure from globalization and deregulation.
Voith Siemens Hydro Power Generation was formed in April 2000 as a joint venture between Voith Hydro and the hydroelectric division of the Siemens Power Generation Group in a strategy to provide full service solutions to global energy producers. MatrixOne's eMatrix(TM) and Value Chain Portfolio(TM) of business applications will allow Voith Siemens Hydro to accelerate products to market by providing the company with a central information backbone for all product related information and processes. This repository will empower Voith Siemens Hydro to efficiently share product information between engineers, global sales, project management, suppliers, maintenance, and global customers.
Voith Siemens Hydro's product development collaboration solution will be based on MatrixOne's out-of-the-box Value Chain Portfolio applications Engineering Central(TM) and DocuMangement Central(TM). Part of the functionality will include access to information from multiple ERP systems (SAP, Navision, Legacy) used in the different operations of this joint venture.
"The product collaboration solution based on MatrixOne's technology will provide our joint venture with a unified view on all product related information, enabling specialists of both partners to work together in a highly efficient manner. With improved internal processes and shortened product cycle times, we will be able to offer highly competitive solutions for our customers who are seeking ways to lower operating costs in a global market characterized by privatization, liberalization, deregulation, and global competition," said Karl-Heinz Fessel, Executive Vice President and CFO, Voith Siemens Hydro Power Generation.
"Because of eMatrix's broad support of industry standard platforms and interfaces, Voith Siemens Hydro will be able to quickly and easily organize and manage its vast store of product information that was previously stored in several distributed systems," said Hans Ruigrok, senior vice president, global sales for MatrixOne. "The new system gives Voith Siemens Hydro employees, suppliers, partners, and customers easy and secure access to valuable information over the Internet. This increased efficiency will allow them to cut costs and bring new products to market faster than ever. Customers around the globe will benefit by having the lower operating costs being passed along to them."
About Voith Siemens Hydro Power Generation
Voith Siemens Hydro Power Generation was formed in April 2000 as a joint Venture in which two leaders in the hydro-power field, Voith Hydro and the hydroelectric division of Siemens Power Generation Group, joinded forces to become one of the leading complete solutions providers in the field of hydro power generation. As a total solutions company with worldwide resources, Voith Siemens Hydro Power Generation offers full service engineering, manufacturing and service solutions to global energy producers. In FY 2000/2001 the annual turnover of Voith Siemens Hydro Power Generation was 720 million EUR. The company is part of the 3 billion EUR Voith Group of Companies that comprises the Corporate Divisions Voith Paper, Voith Fabrics, Voith Turbo, Voith Siemens Hydro Power Generation and Voith Industrial Services. The Voith Group is headed by J.M. Voith Aktiengesellschaft. With over 24,000 employees and sales of about 3 billion EUR during the last fiscal year 2000/2001, Voith is one of the world's leading companies in machine and facility construction.
MatrixOne, Inc. (NASDAQ: MONE - news) is changing the way the world brings products to market(TM). The Company's eMatrix(TM) product collaboration platform and out-of-the-box Value Chain Portfolio(TM) applications enable online collaboration across global value chains and secure access to independent trading communities in private and public marketplaces. A trusted partner to innovative companies, MatrixOne helps customers accelerate the right products to market. MatrixOne's more than 575 global customers represent the aerospace/defense, apparel, automotive, consumer packaged goods, general machinery, high-technology, and medical equipment industries, including GE, Procter & Gamble, Nokia, Siemens, JDS Uniphase, and Honda. Headquartered in Westford, Massachusetts, MatrixOne ( www.matrixone.com) also maintains offices in North America, Europe, and Asia, with additional distributors in Latin America and Australia.
MatrixOne is a registered trademark, and eMatrix, Changing the Way the World Brings Products to Market, Leading Provider of Product Collaboration Solutions for the Value Chain, DocuManagement Central, and Value Chain Portfolio are trademarks of MatrixOne, Inc. All other trademarks and service marks are the property of their respective owners.
Forward-looking statements in this release are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, among others: poor product sales, long sales cycles, difficulty developing new products, difficulty in relationships with vendors and partners, higher risk in international operations, difficulty assimilating future acquisitions, difficulty managing rapid growth, and increased competition. For more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings.
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