Matrixone (NASDAQ:MONEE)
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From Jun 2019 to Jun 2024
MatrixOne, Inc. (NASDAQ: MONEE), a leading provider of
collaborative product lifecycle management (PLM) solutions for the
value chain(TM), and RuleStream Corporation, provider of rules-driven
product management (RPM) solutions to the discrete manufacturing
industries, today announced the successful integration of the two
companies' flagship products as part of an ongoing implementation at
The Babcock & Wilcox Company (B&W), a leading provider of products and
services to the power generation industry.
With the latest project milestone reached, B&W has brought
together its RPM, PLM and MCAD systems in an intuitive and effective
application that B&W engineers use to capture and reuse best practices
and engineering resources. The integration allows B&W to use existing
company knowledge to create and manage raw material items. With
thousands of possible part/spec combinations, the integration between
RPM and PLM results in the creation of better quality parts.
"Leading manufacturers are already shortening engineering time
through process improvement supported by new rules-driven software,"
said Marc Halpern, research director at industry analyst firm Gartner.
"In the future, the integration between PDM and the rules engine will
allow innovative new products to be designed with CAD models using
PDM-controlled parts and items that are based on specifications and
the context of use. This will streamline the generation of project
proposals, make estimates of project costs more accurate and maximize
part reuse."
B&W engineers will be able to review their custom engineering
designs, quickly incorporate engineering changes--even those with
complicated design dependencies--and ensure access to up-to-date
product information from their MatrixOne PLM system and SolidWorks
MCAD models.
Mike Segal, senior vice president of global sales and services for
MatrixOne, said, "Through our strong partnership with RuleStream, we
were able to provide B&W with a comprehensive solution to meet its
productivity and performance goals while maintaining its ability to
adapt quickly to changing circumstances. MatrixOne is committed to
solving companies' most challenging product development and deployment
problems. RuleStream's ability to capture knowledge and ensure its
reuse is a powerful capability that MatrixOne users can take advantage
of to great success, as B&W is showing."
"Implementing rules-driven product management at all stages of the
engineering lifecycle is helping The Babcock & Wilcox Company
streamline a number of complex engineering processes," said Robert
Nierman, chief executive officer, RuleStream. "B&W is already
realizing a reduction in engineering times by being able to quantify
and replicate business and engineering rules using RuleStream.
Combining a shorter sales cycle with full MCAD visibility and instant
access to critical PLM information should provide B&W with a
significant market advantage."
About The Babcock & Wilcox Company
The Babcock & Wilcox Company is a subsidiary of McDermott
International, Inc. (NYSE:MDR), a leading worldwide energy services
company. McDermott subsidiaries manufacture steam-generating
equipment, environmental equipment, and products for the U.S.
government. They also provide engineering and construction services
for the offshore oil and natural gas industries.
About MatrixOne
MatrixOne, Inc. (NASDAQ: MONEE), a leading global provider of
collaborative product lifecycle management (PLM) software and
services, enables companies to accelerate product innovation to
achieve top line revenue growth and improve bottom line profitability.
With world-class PLM solutions and a commitment to customer success,
MatrixOne is focused on helping companies across the automotive,
aerospace & defense, consumer, machinery, medical device,
semiconductor and high-tech industries solve their most challenging
new product development and introduction problems. More than 800
companies use MatrixOne's solutions to drive business value and gain a
competitive advantage, including industry leaders such as BAE Systems,
Bosch, Comau, General Electric, Honda, Johnson Controls, Linde AG,
NCR, Nokia, Philips, Porsche, Procter & Gamble, Sony Ericsson,
STMicroelectronics and Toshiba. MatrixOne (www.matrixone.com) is
headquartered in Westford, Massachusetts, with locations throughout
North America, Europe and Asia-Pacific.
MatrixOne and the MatrixOne logo are registered trademarks and "a
leading provider of collaborative product lifecycle management (PLM)
solutions for the value chain" is a trademark of MatrixOne, Inc.
Autodesk and Autodesk Inventor are registered trademarks of Autodesk,
Inc., in the USA and/or other countries. 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.
About RuleStream
RuleStream, the leader in rules-driven product management (RPM),
allows manufacturers to accelerate product planning, design and
production by more effectively aggregating and managing their
Intellectual Property (IP) assets. RuleStream's patent-pending
software solutions help companies in a wide variety of
industries--from F&A to AEC to automotive and aerospace--realize
higher productivity, faster design cycles, better quality and greater
product innovation. An extension of traditional product lifecycle
management solutions, RuleStream's RPM technology ensures that
business decisions incorporate the most up-to-date product-based
intellectual property. RuleStream employs a breakthrough user
environment that allows subject matter experts to easily capture rules
about requirements, best practices, and capabilities for all
product-centric business operations. For more information visit
www.rulestream.com.