| San Jose, CA – May 12, 2004 –
Agile Software Corporation (Nasdaq: AGIL), a leading
provider of product lifecycle management (PLM) solutions,
today announced that Funai Electric, Co. Ltd., a leading
original equipment manufacturer (OEM) supplier to the
consumer electronics industry, has successfully reduced
product design cycle time, compressed product change cycle
time, and increased visibility and collaboration capabilities
across their global design and manufacturing network by
implementing
Agile PLM. The Agile PLM solution has been rolled
out to nearly one thousand users on Funai Electric’s design
and manufacturing engineering teams, located in Japan,
China, Malaysia and Thailand. Funai Electric’s American
subsidiary, Funai Corporation, was acknowledged in 2003
as a top supplier of consumer electronics for two of the
U.S.’s biggest distributors, WalMart and Sears Roebuck.
Funai manufactures consumer electronics; its brands include
Emerson, Sylvania and Symphonic. “The market for digital
home electronics including DVD recorders, digital cameras
and flat screen televisions is extremely competitive and
time sensitive,” said Toshihiko Morita, Corporate Executive
Officer at Funai Electric. “The Agile PLM solution is
strengthening our design and manufacturing chain throughout
Asia, improving our collaborative global network and ensuring
our competitive advantage.”
Communication and collaboration among geographically
dispersed engineers was difficult because there was no
common infrastructure in place to share information. Product
reworks were time consuming and paper-based. With the
implementation of Agile PLM, Funai now has the infrastructure
in place to track and share product record information
across their extended design and manufacturing teams,
and are seeing value in three key areas:
- Managing the product record—Rich product
definition capabilities enable Funai to create, share
and maintain product information, resulting in getting
products to market much more quickly, increased productivity,
improved quality, lower product development and material
costs.
- Change collaboration—Best practice change
management and product collaboration streamline the
product change process, enabling users to easily create
and approve product changes in a systematic way. Change
collaboration shortens change cycle times, reduces manufacturing
costs, improves product quality and accelerates the
implementation of high impact revisions that enhance
product features.
- Visibility across multiple organizations—With
the Agile solution, Funai is able to provide visibility
and control over product information to globally distributed
design and manufacturing organizations.
“For Funai Electric, time to market is a critical factor
for maintaining leadership in a highly competitive industry,
where margin pressure is a way of life,” said Jay Fulcher,
Agile president and COO. “We’re pleased that Funai has
adopted the Agile solution to help manage their product
record across their design and manufacturing network,
and is already seeing positive results. We look forward
to expanding our relationship with Funai in the future.”
About Funai Electric Co., Ltd.Funai Electric
Co., Ltd. Was established in 1961 in Osaka, Japan, and
is engaged in the development, manufacture, marketing
and distribution of audio-visual devices and information
and communication equipment including televisions, DVD
players and printers. Funai was listed in the Tokyo Securities
Exchange First Section and the Osaka Securities Exchange
First Section in March 2000. Funai Group has 20,000 employees
worldwide with annual sales of over 300 billion yen. For
more information, visit
www.funai.co.jp.
About Agile Software Corporation
Agile Software Corporation (NASDAQ: AGIL) helps companies
drive profits, accelerate innovation, reduce costs, and
ensure regulatory compliance throughout the product lifecycle.
With a broad suite of enterprise-class PLM solutions,
time-to-value focused implementations, and a unique Guaranteed
Business Results program, Agile helps companies get the
most from their products. Alcatel, Boeing, Dell Inc.,
Flextronics International, Hitachi, Leapfrog, Lockheed
Martin, Magna Steyr, Siemens, QUALCOMM and ZF are among
the nearly 1200 customers in the automotive, aerospace
and defense, consumer products, electronics, high tech,
industrial products, and life sciences industries that
use Agile solutions. For more information, call 408-284-4000
or visit
www.agile.com.
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