GNSM...this (below) goes with earn (below) and kind of points out the type of business GNSM pulls in:
Toyota Deploys Gensym's Intelligent Systems Technology for Planning Their Assembly Operations
Largest Japanese Auto Manufacturer Drives Production Floor Productivity With Gensym's G2 Software
BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 13, 2002-- Gensym Corporation (OTC Bulletin Board: GNSM - News), a leading provider of software and services for expert operations management, today announced that Toyota Motor Corporation is deploying G2 applications worldwide to improve the productivity of their manufacturing operations. G2 is Gensym's flagship product for expert system applications that can emulate the reasoning of human experts as they assess, diagnose, and respond to unusual operating situations or as they seek to optimize operations. ADVERTISEMENT
Toyota, the third largest manufacturer of automobiles in the world and the largest in Japan, produces more than 5.8 million vehicles per year. The company has 54 manufacturing companies in 27 countries/locations producing Lexus- and Toyota-brand vehicles and components.
Smoothing Toyota's Production
One major factor in Toyota's leadership position is its Toyota Production System. This system is world renowned for reducing inventories and defects in the plants of Toyota and its suppliers, and it underpins all of Toyota's operations across the world. This system involves a comprehensive set of practices that smooth material flows through Toyota's factories to minimize inventories and maximize productivity. These practices include arranging production as a continuous flow of materials; leveling by mixing the production of different kinds of products smoothly through each day, week, and month; and "pulling" work through production by building to order rather than building to inventory.
By deploying applications based on Gensym's G2 software, Toyota is helping their assembly planners create plans that best smooth production under the complexity of many different automotive models and production variables. Through smoother production, Toyota is able to further improve the productivity of their manufacturing operations.
"One challenge to smoothing production is quickly determining the most effective way to assign work throughout our assembly floor so that we have a level work load across each area," said Mr. Tatsuhisa Ishii, a group manager with Toyota. "Meeting this challenge is even more difficult when demands are changing rapidly. We have found that G2, with its ability to flexibly model operations through its software objects, is a valuable information technology for capturing, applying, adding, and modifying the knowledge needed to support these planning decisions.
"The technology is also enabling us to test candidate assembly plans through dynamic simulation. The G2 applications, for example, quickly identify a violation of complex constraints in an assembly plan, provide guidance on selecting work assignments for workers, and detect when individual workers will physically interfere with each other on the assembly line, all before actually implementing a plan on the assembly floor.
"With our applications based on G2, we are making planning decisions at a consistently high level of quality so that we are as productive as possible. We are also able to make these decisions more frequently so that we can be more flexible in responding to unexpected changes in demands or availability of production resources. We are currently using G2 applications in our Japanese facilities; have already deployed to U.S., Canada, U.K., France and Turkey; and are planning to deploy to other plants worldwide."
Gensym Partners Build Toyota's G2 Applications
To build and deploy their G2 expert system applications, Toyota is working with Itochu Techno-Science Corporation (CTC) and QualiTech, Inc., who are Gensym partners in Japan. CTC is one of the largest IT solution providers in Japan.
"CTC believes that G2's flexible object modeling and expert systems technology will continue to play a valuable role in Toyota's ability to constantly improve the productivity of their operations," said Mr. Mitsunori Toyoda, a deputy general manager with CTC. "We look forward to working with Toyota as they extend their investment in this technology."
"We are extremely pleased and honored that Toyota has selected our software for this important application area," said Lowell Hawkinson, CEO of Gensym. "This is an excellent example of how G2's expert system technology can improve the coordination and management of complex operations. It is also an excellent example of how our partners, such as CTC and QualiTech, play a key role for delivering solutions to our end users. We at Gensym look forward to Toyota's future deployments of our technology and to our continued partner relationship with CTC and QualiTech."
About Gensym Corporation
Gensym Corporation (www.gensym.com) is a provider of software products and services that enable organizations to automate aspects of their operations that have historically required the direct attention of human experts. Gensym's product and service offerings are all based on or relate to Gensym's flagship product G2, which can emulate the reasoning of human experts as they assess, diagnose, and respond to unusual operating situations or as they seek to optimize operations.
With G2, organizations in manufacturing, communications, transportation, aerospace, and government maximize the performance and availability of their operations. For example, Fortune 1000 manufacturers such as ExxonMobil, DuPont, Hitachi, LaFarge, Eli Lilly, and Seagate use G2 to help operators detect problems early and to provide advice that avoids off-specification production and unexpected shutdowns. Manufacturers and government agencies use G2 to optimize their supply chain and logistics operations. And communications companies such as AT&T, Ericsson Wireless, and Nokia use G2 to troubleshoot network faults so that network availability and service levels are maximized. Gensym has numerous partners who can help meet the specific needs of customers. Gensym and its partners deliver a range of services, including training, software support, application consulting and complete solutions. Through partners and through its direct sales force, Gensym serves customers worldwide.
B: Gensym Releases Second Quarter Results
B: Gensym Releases Second Quarter Results
BURLINGTON, Mass., Jul 30, 2002 (BUSINESS WIRE) -- Gensym Corporation (OTC
Bulletin Board: GNSM), a leading provider of software and services for expert
operations management, today reported revenues of $4.5 million and net income of
$571,000, or $0.08 per diluted share, for the quarter ended June 30, 2002. In
the corresponding quarter of 2001, Gensym had revenues of $5.0 million and a net
loss of $3.0 million, or a loss of $0.46 per diluted share, including
restructuring charges of $1.1 million, or $0.17 per diluted share.
"I am pleased to report a third consecutive profitable quarter. Despite the
difficult economic conditions, particularly in the telecommunications industry,
we managed to increase our revenues by 4% over the first quarter of 2002 and
remain on target with our revenue and profit goals for 2002," said Lowell
Hawkinson, Gensym's chairman, president and CEO. "Since our restructuring last
year, we have managed to keep our costs contained, and this quarter's revenue
growth, albeit modest, bodes well for the remainder of the year.
"Our flagship G2 platform has recently had a significant update release. Product
enhancements in this release have been directly responsive to requests from our
customers, and we are optimistic that they will lead to increased buying
interest. We have also incorporated these enhancements in our G2-based
applications. Our existing customers remain loyal to us, and, with renewed
investment in marketing and a planned strengthening of our channel capabilities,
we expect to see an increase in our license revenues.
"We continue to believe that the decision to focus on our established and
well-known core products was the correct one, and we will continue to build upon
our existing customer base and focus on key markets where our development tools
and applications fulfill demonstrated market needs.
"Our cash position continues to improve. Cash and cash equivalents at the end of
June increased to $3.7 million compared to $2.0 million at December 2001. Except
for capital leases, the company continues to have no debt. Looking ahead, we
anticipate operating profitably for the remainder of the year, as we had
indicated earlier."
About Gensym
Gensym Corporation (www.gensym.com) is a provider of software products and
services that enable organizations to automate aspects of their operations that
have historically required the direct attention of human experts. Gensym's
product and service offerings are all based on or relate to Gensym's flagship
product G2, which can emulate the reasoning of human experts as they assess,
diagnose, and respond to unusual operating situations or as they seek to
optimize operations.
With G2, organizations in manufacturing, communications, transportation,
aerospace, and government maximize the performance and availability of their
operations. For example, Fortune 1000 manufacturers such as Alcan, ExxonMobil,
DuPont, El Paso, Hitachi, Lafarge, Eli Lilly, and Seagate use G2 to help
operators detect problems early and to provide advice that avoids
off-specification production and unexpected shutdowns. Manufacturers and
government agencies use G2 to optimize their supply chain and logistics
operations, while communications companies such as AT&T, Ericsson Wireless, and
Nokia use G2 to troubleshoot network faults so that network availability and
service levels are maximized. Gensym has numerous partners who help meet the
specific needs of customers. Gensym and its partners deliver a range of
services, including training, software support, application consulting and
complete solutions. Through partners and through its direct sales force, Gensym
serves customers worldwide. |
