Leading auto manufacturer selects TigrSoft's assembly line solution
software
TigrSoft Inc TGF
Shares issued 22,010,000 Jun 18 close $0.435
Mon 21 Jun 99 News Release
Mr. Dilip Kembhavi reports
The Tata Engineering & Locomotive Co., the sixth largest automotive
manufacturer in the world and commonly known as TELCO, has entered into an
agreement to purchase and install TigrAPS, TigrSoft's advanced planning and
scheduling system for TELCO's new passenger car manufacturing plant in
Pune, India.
"At the beginning of the year we decided to focus on key vertical markets
such as the highly competitive automotive industry," said Dilip Kembhavi,
president and chief executive officer of TigrSoft Inc. "This engagement
from such a large and prestigious automaker marks another milestone in our
growing dominance of the assembly line sequencing marketplace and is a
clear testimonial to the value proposition we offer," he added.
TELCO is a part of Tata Enterprises, India's largest industrial group with
82 companies employing more than 262,000 people and an annual turnover
exceeding $8.8-billion (U.S.) from a wide range of businesses including
automobiles, steel, information technology, telecommunications, energy,
chemicals, hotels and tea. TELCO is the largest commercial vehicle
manufacturer in India with a market share of 31.2 per cent in the
multiutility vehicles segment and 6.4 per cent in the high-end car segment
where it maintains a joint venture agreement with Mercedes Benz.
Under the terms of the agreement, TELCO purchased a corporate license for
TigrSoft's supply chain solution software. TigrSoft will install TigrLine,
the corporation's assembly line sequencing product at TELCO's Tata Indica
car plant in Pune for short- and long-term planning, and TigrAPS at TELCO's
engine manufacturing plant, transmission manufacturing plant and stamping
and painting plants.
TigrLine and TigrAPS are highly specialized advanced planning and
scheduling applications that incorporates a practical blend of heuristics,
mathematical algorithms and artificial intelligence techniques to generate
production schedules that are not only near optimal but also practical and
implementable.
Implementation of TigrSoft's advanced planning and scheduling solution is
slated to begin early in July, 1999, with the software fully operational by
fall 1999. The contract is the first engagement for TigrSoft's Pune
operation, which was opened at the end of 1998. The project will be managed
by TigrSoft's India office under the direction of one senior implementation
specialist from North America.
The Tata Indica automobile was launched at the end of 1998 and is India's
first indigenously designed, developed and manufactured passenger car. The
Indica is manufactured at a new facility on TELCO's 1,500-acre campus in
Pune. This campus also includes plants that manufacture a full range of
passenger, light to heavy commercial and utility vehicles.
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