Major Electronics Manufacturers Select Tecnomatix EXALINE
Business Wire - January 06, 1999 07:29
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HERZLIYA, Israel--(BUSINESS WIRE)--Jan. 6, 1999--
Bosch, Becker, Foxboro, Ericsson, Lucent Select EXALINE to Optimize Printed Circuit Board Assembly Process
Tecnomatix Technologies Ltd. (NASDAQ-NM Symbol:TCNOF), a pioneer and world leader of the computer-aided production engineering (CAPE) market, announced today that several leading electronics and telecommunications manufacturers including Bosch, Becker, Foxboro, Ericsson, and Lucent have recently purchased its EXALINE product. EXALINE allows users to plan an entire assembly of a printed circuit board and produce a verified set of optimized programs, set-up sheets and electronic work instructions.
"These initial orders from leading electronic systems and telecommunications manufacturers reflect the growing recogition of EXALINE's unique capabilities for production planning and optimization of printed circuit board assemblies." said Harel Beit-On, President and Chief Executive Officer of Tecnomatix. "The electronics industry is very quickly becoming one of our major growth markets with many leading companies choosing EXALINE as well as our other CAPE products. We believe that this potential will expand as we continue to focus our efforts in serving this community and as our customers reap the benefits from our CAPE offering."
TECNOMATIX TECHNOLOGIES LTD. is a pioneer and world leader of the computer-aided production engineering (CAPE) market. The Company develops, markets and supports industrial companies with software tools to fully computerize the industrial process and achieve a seamless transition from design to production. CAPE products enable production engineers to create an on-screen virtual manufacturing environment that graphically displays and simulates actual manufacturing operations. The Company's CAPE products include the ROBCAD line of products for manufacturing processes; the VALISYS line of quality engineering products; DYNAMO for the study of assembly and disassembly of newly designed products; SIMPLE++ for design, planning, and optimization of a complete factory; EXALINE for printed circuit board (PCB) assembly machines; and PART for generative machining and process planning.
Certain statements made herein that use the words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, changes in the level of activity in the automotive industry, decline in demand to the Company's products, inability to timely develop and introduce new technologies, products and applications and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission.
Note: All brand, product and company names are trademarks of their respective owners.
CONTACT: Company Contact: or Investor Contact:
Tali Idan Lippert/Heilshorn & Assoc
Chief Financial Officer Jody Burfening (ext. 304)
972-9-959-4730 212-838-3777
tidan@tecnomatix.com jody@lhai.com
or
Media Contact:
Schwartz Communications
Helen Shik
781-684-0770
hshik@schwartz-pr.com
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