Tecnomatix Technologies Receives $600,000 Order from Volkswagen AG

Tecnomatix Technologies, a pioneer in computer-aided production engineering (CAPE), has received a significant order from Volkswagen AG, Europe's largest automotive manufacturer. The order, worth $600,000, is part of Volkswagen's "Digital Factory Initiative" aimed at improving and accelerating simultaneous engineering activities throughout its production planning departments. This order reflects the long-term partnership between Tecnomatix and Volkswagen, with Tecnomatix's products enabling Volkswagen to plan and design manufacturing processes and equipment digitally.

Key Takeaways:

• Tecnomatix received a $600,000 order from Volkswagen AG for its CAPE products, including ROBCAD, DYNAMO, and SIMPLE++.
• The order is part of Volkswagen's "Digital Factory Initiative" aimed at improving simultaneous engineering activities throughout its production planning departments.
• Tecnomatix's products will enable Volkswagen to plan to a complete factory, from a bird's-eye perspective of the shop floor down to detailed design of manufacturing operations.
• Harel Beit-On, President and CEO of Tecnomatix, stated that this order represents a strategic step in strengthening Tecnomatix's penetration throughout the Volkswagen organization.
• Tecnomatix is a world leader in the CAPE market, developing, marketing, and supporting industrial companies with software tools to fully computerize the industrial process and achieve seamless transition from design to production.

Statistics:

• The order is worth $600,000.
• Volkswagen AG is Europe's largest automotive manufacturer.
• Tecnomatix has developed a wide range of CAPE products, including ROBCAD, DYNAMO, EXALINE, PART, and SIMPLE++.

Sources:

• "Tecnomatix Technologies Ltd. (NASDAQ-NM Symbol: TCNOF)"
• "Tecnomatix' first quarter's earnings, 1998"
• "Volkswagen Digital Factory Initiative"
• "Private Securities Litigation Reform Act of 1995"