Taipei, Taiwan and Paris, France - January 21, 2003 - TECO Electric & Machinery Ltd. (TECO), worldwide industry leading motor manufacturer, IBM, and Dassault Systemes (Nasdaq: DASTY, Euronext Paris: #13065, DSY.PA) today announced that TECO’s successful migration to CATIA V5, a core application of IBM’s Product Lifecycle Management portfolio developed by Dassault Systemes, has shortened its product design time by 50% over the last year.
TECO migrated from a 2D CAD system to CATIA Version 5, the world’s leading Product Lifecycle Management solution for collaborative product development, in 2001. In addition to its Chung-Li factory in Taiwan, TECO is also deploying CATIA V5 in China and Indonesia. By implementing CATIA V5, TECO has been able to combine virtual product design and manufacturing, and cut the development time of its motor products in half.
“The key feature that helped us reduce production time is CATIA V5’s ability to simulate the entire product lifecycle,” said Daniel Shih, technical executive & general manager Overseas Industrial Products Business Division, TECO. “Thanks to this, time previously spent on design, data sharing, and data transfer was reduced, while the number of errors during the design process were also cut down. In addition, the seamless migration from our 2D CAD system enabled us to maintain the high levels of quality and efficiency in our design process.”
"More and more customers who recently migrated to IBM's PLM platform, such as TECO, are declaring dramatic savings in design time and increased economies,” said Raoul Van Engelshoven, vice president, IBM Product Lifecycle Management Asia-Pacific. “At IBM PLM, we are committed to ensuring manufacturing customers reap the benefits that PLM and e-collaboration have to offer. We will continue to provide our customers with powerful solutions and services to keep them ahead of the competition, while strengthening their bottom line."
“As one of the world’s leading motor manufacturers, it is vital for TECO to continually seek to improve in its product design and development processes,” said Francis Bernard, executive committee advisor, Dassault Systemes. “CATIA V5 has helped TECO cut down both production time and costs and we look forward to developing future solutions that provide further competitive advantages.”
Product Lifecycle Management, coined by IBM and Dassault Systemes in 1999 during the emergence of strategic product-centric business processes, helps companies manage every stage of a product's lifecycle, allowing e-collaboration across geographic boundaries, both internally by all product-related functions and with suppliers and customers, from initial product conception through to after-sales maintenance. PLM solutions from IBM and Dassault Systemes help manufacturers of all types innovate, improve quality, and reduce both costs and product development times.