Msc.Software (NYSE:MNS)
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MSC.Software and Moldflow Help Australian Tooling Group Save Time
and Costs and Dramatically Conserve Energy Resources
Leading Simulation Technology Companies Partner with Australian Tooling
Industry Group and Environmental Protection Authority of Australia to Develop
Energy Efficient Product Development Process for Tool Manufacturing
SYDNEY, Australia, Sept. 8 /PRNewswire-FirstCall/ -- MSC.Software Corp.
(NYSE:MNS), the leading global provider of virtual product development (VPD)
products including simulation software and services, and Moldflow Corporation
(NASDAQ:MFLO), the leading global provider of automation and optimization
software solutions for the plastics injection molding industry, today announced
the completion of a joint project with Austool Limited and the Department of
Environment and Conservation, New South Wales, Australia related to the use of
computer simulation technologies to reduce the time, cost and energy involved
in the design and manufacturer of plastic products. By using a combination of
technologies from Moldflow and MSC.Software, Austool was able to demonstrate
savings of more than AUD $75,000 in tool development, 250 hours in labor, a 75%
decrease in development time and a reduction of more than 16,000 kilowatts of
electricity.
"MSC.Software is very proud of our relationships with other PLM and VPD
companies and is always looking for ways to work together on joint projects
that can demonstrate the value of simulation," said Frank Perna, chairman and
chief executive officer of MSC.Software. "This project with Moldflow and
Austool is a perfect example of both the quantitative and hidden benefits of
using VPD and simulation tools. Not only were we able to show a tremendous
time and cost savings by eliminating design and manufacturing time, costs and
materials, but we were able to do it with far less energy usage than
traditional methods. If companies can develop innovative products in less
time, for less cost and do so with less natural resources, they can be
competitive and environmentally sensitive at the same time."
"Moldflow is very pleased to have been a part of this joint project with
Austool Limited, the Department of Environment and Conservation, New South
Wales, Australia and MSC.Software," said Roland Thomas, president and chief
executive officer of Moldflow Corporation. "The results attained in this
project clearly demonstrate the significant cost and development time savings
utilizing analysis provides companies working with injection molded plastics.
Further, this project shows that reducing the amount of material and time
required to mold a plastic part can reduce the impact of manufacturing on the
environment through the elimination of scrap and lower electricity usage,
allowing companies to still produce world class products in an environmentally
responsible manner."
The traditional approach for tool manufacturing is a trial-and-error method
that wastes considerable resources and time before the tool is perfected. By
using virtual product development (VPD) techniques, this project was able to
predict major core flexing problems thereby saving four re-work cycles that
amounted to a significant reduction in rework costs; $75,000 in the cost of the
tool's development, a saving of 250 hours in labor time, 16,464 kWh in
electricity (which can power 4 family homes for 1 year) and 1,100 kg of steel.
Further Information
A more detailed paper on the joint project with Austool, MSC.Software and
Moldflow will be available later in 2004. For more information on this project
and working with MSC.Software and Moldflow, please email MSC.Software at or
visit our website at http://www.mscsoftware.com.au/.
About MSC.Software Corporation
MSC.Software (NYSE:MNS) is the leading global provider of simulation software
and services, that helps companies make money, save time and reduce costs
associated with designing and testing manufactured products. MSC.Software works
with thousands of companies in hundreds of industries to develop better
products faster by utilizing information technology, software, services and
systems. MSC.Software employs more than 1400 people in 23 countries. For
additional information about MSC.Software's products and services, please visit
http://www.mscsoftware.com/.
About Moldflow Corporation
Moldflow (NASDAQ:MFLO) is the leading global provider of automation and
optimization software, enabling hardware and hot runner process control
solutions for the plastics injection molding industry. Companies use
Moldflow's complete suite of products to address plastic part design issues at
the earliest possible stage as well as to maximize productivity and
profitability on the manufacturing floor. Moldflow Plastics Labs (MPL) offers
state-of-the-art material testing and consulting services. Its extensive
materials database is also used in Moldflow software products. Moldflow's
collaboration with academia, industry, and customers around the world has led
to a reputation for constant innovation in the complete design-for-manufacture
process. Headquartered in Wayland, Massachusetts, Moldflow has offices,
manufacturing, and research and development centers in the United States,
Europe, Australia, and Asia. For more information, visit
http://www.moldflow.com/.
About Austool Ltd
Austool Ltd is an Australian-based, not-for-profit public company dedicated to
advancing the development of the Australian tool making industry. Austool
offers a variety of support programs and services to assist our members and
showcase expertise, innovative ideas and know-how for the benefit of Australian
manufacturing. Our members represent various elements of the industry, from
tooling and product designers, toolmakers, suppliers, educators, technology
developers and customers. For more information, visit
http://www.austool.com.au/.
DATASOURCE: MSC.Software Corporation
CONTACT: Todd Evans, Media Relations, +1-714-445-3066,
, or Emma Howard, Media Relations-Australia,
+61 2 9260 2222, , or Joanne Keates, Director of
Investor Relations, +1-323-259-4263, , all of
MSC.Software Corporation
Web site: http://www.austool.com.au/
Web site: http://www.moldflow.com/
Web site: http://www.mscsoftware.com/
http://www.mscsoftware.com.au/