|
|
|
MatrixOne Signs OEM Agreement with Cadence
Exclusive Relationship Will Create Collaborative PLM Solutions
for Electronic Design Automation (EDA)
WESTFORD, Mass.—(BUSINESS WIRE)—Oct. 22, 2003—
MatrixOne, Inc. (NASDAQ: MONE) today announced that they have
established with Cadence Design Systems, Inc. (NYSE:CDN) an Original
Equipment Manufacturer (OEM) agreement between the companies. Under
the exclusive agreement, Cadence will embed MatrixOne technology into
advanced Product Lifecycle Management (PLM) solutions that will be
marketed and supported directly by Cadence. These new offerings will
enable engineering teams to collaborate on the development of printed
circuit board (PCB) designs. These new products will provide PCB
design customers with new capabilities to help shorten design cycles,
reduce design spins and lower overall design costs.
"The design of electronic products is a highly complex engineering
discipline requiring very effective collaboration and communication
across geographically dispersed teams," said Charlie Giorgetti,
corporate vice president and general manager of the
silicon-package-board business unit at Cadence. "MatrixOne solutions
offer the architecture and flexibility we need to meet our customers'
rigorous requirements."
The agreement is effective immediately. It is a significant
milestone in the strategic joint initiative that MatrixOne and Cadence
announced earlier this year. MatrixOne is also an ongoing member of
the Cadence Connections(R) Program for open interoperability.
"The structure of global electronics design and value chains are
becoming increasingly complex and fragmented," said Mark F. O'Connell,
president and CEO, MatrixOne. "Our relationship with Cadence provides
collaborative product design solutions that customers can integrate
seamlessly into their existing design environment. This enables them
to balance their product development investments between their
internal resources and their outsourced and offshore design and
manufacturing partners."
About MatrixOne
MatrixOne, Inc. (NASDAQ: MONE) is a recognized leader in
delivering collaborative Product Lifecycle Management (PLM) solutions.
We provide flexible solutions that unleash the creative power of
global value chains to inspire innovations and speed them to market.
MatrixOne's customers include global leaders in the aerospace and
defense, automotive, consumer products, high technology, life
sciences, machinery, and the process industries, including Agilent
Technologies, General Electric, Honda, Johnson Controls, Philips,
Procter & Gamble, Siemens, and Toshiba. MatrixOne
(http://www.matrixone.com/) is headquartered in Westford,
Massachusetts with locations throughout North America, Europe, and
Asia/Pacific.
MatrixOne, the MatrixOne logo and eMatrix are registered
trademarks, and Matrix10, "a leading provider of collaborative product
lifecycle management (PLM) solutions for the value chain," MatrixOne
Program Central Matrix PLM Platform, MatrixOne Sourcing Central,
MatrixOne Supplier Central and MatrixOne Engineering Central are
trademarks of MatrixOne, Inc. 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.
Contact:
MatrixOne, Inc.
Charlie Guyer, 978-589-4052
charlie.guyer@matrixone.com
or
Porter Novelli
Susie Dougherty, 617-897-8267
susie.dougherty@porternovelli.com
|
|
|
