Westford, Mass. - February 23, 2004 -
MatrixOne, Inc. (NASDAQ: MONE), a leading provider
of collaborative product lifecycle management
(PLM) solutions for the value chain™ today
announced that MatrixOne customer Procter & Gamble
(NYSE: PG) has been awarded a 2004 CIO Magazine
Enterprise Value Award for manufacturing. This
award was given to recognize P&G's innovative
MatrixOne product lifecycle management (PLM)
system and the beneficial effect it had upon the
company's ability to get initiatives to market
quickly and at low cost.
"We are thrilled to have our team's contribution
recognized by CIO Magazine," said Dan Blair,
director of worldwide technical standards and
systems, Procter & Gamble. "Our Corporate
Standards System ("CSS") application, through our
collaboration with MatrixOne, has allowed us to
revolutionize the way that P&G employees and
partners research, collaborate, update and use our
technical specifications-increasing product
quality, reducing costs and enabling us to get
products to market sooner."
P&G's CSS application, created as a part of P&G's
PLM implementation and built on the MatrixOne
platform, manages the creation, review, approval
and distribution of all technical specifications
(the raw materials, packaging details, artwork,
analytical standards, and process standards of a
particular product). This enables researchers and
purchasing employees to be more efficient, to
re-use information, and to reduce material
purchasing costs. In addition, plant employees
worldwide now have easy access to all of the
current data and documents needed to properly
manufacture the product-and can rest easy that the
specs they call up on their computers are the most
current ones.
"Procter & Gamble's success has proven the power
that PLM has to improve upon the ways companies do
business," added Mike Segal, senior vice
president, Customer Success, MatrixOne, Inc.
"Their cost savings and productivity improvements
are a perfect example for other companies to model
themselves after. We're proud of our combined
effort on this project and would like to extend
our congratulations to P&G's team for this
prestigious award."
The CIO Magazine Enterprise Value Awards are
bestowed on organizations that have created
information technology (IT) systems that
demonstrate benefits and return on investment
(ROI) across the enterprise. The IT system must be
active for at least a year and is judged on
strategic value, customer impact, financial
return, operational efficiency and social impact.
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.
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