|
|
|
MatrixOne Design for Compliance Solution to Help Product Companies Comply With Emerging Environmental Regulations
MatrixOne Materials Compliance Central Proactively Identifies ELV,
ROHS and WEEE Compliance Issues Early in the Design Process, Helps
Companies and their Supply Chains Manage Product Development Costs
under New Regulations
WESTFORD, Mass.—(BUSINESS WIRE)—Jan. 24, 2005—
MatrixOne (NASDAQ: MONE), a leading provider of collaborative
product lifecycle management (PLM) solutions for the value chain(TM),
today announced the availability of MatrixOne(R) Materials Compliance
Central(TM) - a business process application designed to enable
companies to adhere to and keep pace with new environmental compliance
regulations throughout the product development process.
Companies, particularly those in the automotive and electronics
markets, are faced with an onslaught of new regulatory pressures, most
notably those presented by Waste Electrical and Electronic Equipment
(WEEE), Restriction of Hazardous Substances (RoHS) and End-of-Life
Vehicle (ELV) regulations. These regulations -- which will be in
effect starting with the WEEE directive in Europe in August of 2005
and RoHS starting in July 2006 -- are aimed at reducing the amount of
hazardous materials in new products and ensuring that the materials
are recyclable at the end of their product lifecycle. Under these new
regulations, manufacturers must implement processes to collect,
organize, analyze and report detailed materials and substance data
related to all new products.
To simplify and improve these processes, MatrixOne Materials
Compliance Central allows users to analyze Bill of Material (BOM), or
product content information from any source and cross-reference the
data against multiple substance lists and regulation requirements
easily and accurately during product development. In this way, product
teams can quickly determine whether a product's components meet
compliance standards and certain design thresholds from the start of
the project. Materials Compliance Central also allows for suppliers to
be incorporated into the compliance process at its earliest stages to
ensure up-front adherence to new regulations regarding their designs
and components before it is too late or too costly to make changes.
Companies That Are Affected by Regulation Compliance
The risk of non-compliance for automotive and electronics
companies is quite large. According to a recent AMR Research report by
Eric Karofsky, "RoHS and WEEE: It's an Executive Problem," "Any
company doing business in the European Union (EU) has less than 7
months to begin complying with the Waste Electrical and Electronic
Equipment (WEEE) directive, and less than 18 months to come into
compliance with the Restriction of Hazardous Substances (RoHS)
directive. Not meeting these two directives could cost companies
millions. They must be taken seriously and be an executive level
priority."
"Companies are faced today with multiple reporting formats,
different substance lists and threshold limits from their customers
and various exceptions based on the usage model of these materials in
the final products," said Sam Zawaideh, senior vice president of
products and solutions for MatrixOne. "Reporting is just the tip of
the iceberg. This is not just a design, manufacturing or supplier
problem, it is an industry problem. The MatrixOne Materials Compliance
Central application provides customers with a complete, out-of-the-box
solution for reporting, analyzing, and iterating on the product data,
along with aggregation of supplier data, and allows material and
substance data and specifications to be incorporated in product
development decisions throughout the product lifecycle."
MatrixOne Materials Compliance Central allows companies to reduce
the number of design iterations by enabling engineers, sourcing
professionals, and product managers to access and manage compliance
data from the very beginning of each project. As such, users quickly
become familiar with the suppliers that offer compliant products,
improving part selection and reuse. The solution can be implemented as
a stand-alone application or with other MatrixOne applications, such
as MatrixOne's Engineering Central(TM) for full collaborative product
lifecycle support. For manufacturers in the auto industry, Materials
Compliance Central offers full support and exchange capabilities with
EDS/IMDS, the Compliance Connect protocol and other proprietary
systems.
"While many of these emerging regulations are being enacted
initially out of Europe, they will greatly affect companies worldwide
who export products to European countries. The problem will grow even
more complex due to similar regulations which are being considered in
Japan and here in the United States such as California's SB20 rules,"
said Mike Segal, senior vice president of customer success for
MatrixOne. "Knowing the contents of the materials being used to
develop a product allows our customers to satisfy legal and regulatory
requirements and potentially avoid liabilities. The MatrixOne
Materials Compliance Central application will also help speed the
product development process by reducing the number of design
iterations due to the availability of compliance data from the very
beginning of each project."
Availability
The MatrixOne Materials Compliance Central application is
available immediately.
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 and the MatrixOne logo are registered trademarks and "a
leading provider of collaborative product lifecycle management (PLM)
solutions for the value chain," Materials Compliance 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.
Sharon Rodger, 978-589-4066
sharon.rodger@matrixone.com
or
fama PR
Keri Bertolino, 617-758-4148
matrixone@famapr.com
|
|
|