Ease-of-Use and Configurability Underpin Company's Adoption of Accolade
as Foundation for Enhanced Innovation Management Processes
MINNEAPOLIS and LONDON - March 2, 2006 - Sopheon, the international software and services company, announced today that Greene, Tweed, a leading global manufacturer of high performance seals and engineered components, has chosen to adopt Sopheon's product life cycle management (PLM) process and product portfolio management solution. Sopheon's Accolade system will serve as the backbone application for Greene, Tweed's enhancement of its methodologies for achieving product innovation. The enterprise-wide deployment of the software encompasses company locations in the U.S., Asia and Europe.
Founded more than 140 years ago, Greene, Tweed produces customized solutions ranging from plastic, composite and sealing components to fiber optic connectors. For instance, in 1964 Greene, Tweed developed the G-T® Ring piston seal for F-4 Phantom fighter jets. The solution remains a core part of aerospace landing gears. Ninety percent of today's commercial and military aircraft contain components developed and manufactured by the company. Greene, Tweed's products are also used in the medical, biotechnology, petroleum, fluid handling and semiconductor industries.
Throughout its history, Greene, Tweed has relied upon continuous innovation for its business success. Greene, Tweed's recent adoption of Accolade is aimed at ensuring successful execution of their newly implemented staged development process. The Sopheon system automates this new process, seamlessly integrating it into the work environment and daily activities of product teams and executive decision-makers. It provides a foundation for efficient, consistent management of a product from idea to launch. Greene, Tweed selected Accolade over alternative solutions because of its ease-of-use and its capacity to make critical data transparent Greene, Tweed Selects Sopheon Accolade System 2 to decision makers. The system is also simple to reconfigure, an advantage that has allowed Greene, Tweed to act on its own to create a customized process with supporting tools and components.
"We are committed to a structured new product development methodology," said Michael Glessner, VP and General Manager of Business and Technology Incubator at Greene, Tweed. "Accolade has made that methodology part of the core operating fabric of our company, and provided a solid foundation for our innovation efforts. The flexibility of that foundation has allowed us to build on it, fine tuning information views and process deliverables while implementing other enhancements that continue to expand the value of the system. Accolade will serve as our platform for innovation."
"Product life cycle management is a dynamic process," said Andy Michuda, chief executive officer of Sopheon. "To be effective, it must mirror the evolution of a company's business. Trying to support product life cycle management with a static software solution is an open invitation to process failure. Greene, Tweed understands the value of PLM software that allows them to alter their process to match changing business and organizational demands. They exemplify the good things that happen when a client assumes ownership for Accolade and, without the need for assistance from Sopheon's customer-service organization, takes advantage of the software's advanced configuration capabilities. This kind of implementation independence is something we aim for with our clients. It puts them in a position to act quickly and cost-effectively whenever they need to adjust their process to ensure its viability and optimize its business impact."
About Greene, Tweed
Greene, Tweed leverages expertise in a variety of markets and products to give customers the most innovative solutions to meet performance challenges and reduce total cost of operation. With fully qualified engineering, sales and support personnel located throughout the Americas, Europe and Asia, Greene, Tweed delivers solutions to individual customer applications on a global scope. Greene, Tweed products are sold and distributed worldwide. For more information, please visit www.gtweed.com.
Sopheon (LSE: SPE) is an international provider of software and services that help organizations improve the business impact of product development. The Sopheon Accolade® product development system automates gate- or phase-based product development processes and provides strategic decision support that allows companies to improve innovation, cut product development spending waste and shorten time to market. Sopheon is listed on the AIM Market of the London Stock Exchange and on the Euronext in the Netherlands. For more information, please visit www.sopheon.com.
Tel.: +1 952 851 7585
Bonnie Anderson/Jessica Roeber
Bell Pottinger USA (for Sopheon)
Tel.: +1 617 210 4755