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WirelessDevNet.com Press Release
Nokia Standardizes on MatrixOne for Global PLM
WESTFORD, Mass.-- Aug. 12, 2003--MatrixOne, Inc. (NASDAQ: MONE), a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain(TM), today announced that Nokia (NYSE: NOK), the world leader in mobile communications, has decided to use MatrixOne's PLM Solution as a Nokia-wide Product Data Management (PDM) platform to fulfill product development and manufacturing requirements. Previously relying on several applications from multiple vendors for their PDM needs, the company is standardizing on the MatrixOne solution due to its inherent flexibility, scalability and security.
By utilizing MatrixOne's PLM solution across all worldwide business segments Nokia is able to more quickly respond to the ever-changing product requirements and new categories associated with the dynamic mobile communications market. Specifically, the use of MatrixOne's offerings are allowing Nokia's product development and collaborative manufacturing efforts to quickly respond to demands for new functionality and unique requirements within their products.
"By standardizing on MatrixOne, we are able to quickly respond to the rapidly evolving requirements of the global mobile communications market and are able to map these requirements through the Product Creation Process and the manufacturing phase," said Olli Junnila, Director, PDM Solution at Nokia. "Because our product development efforts often involve partners who are also working with our competition, we needed a platform that can scale to support global usage and is secure enough to enable collaboration with external partners without jeopardizing our competitive advantage. With MatrixOne's PLM offerings we can now reach our current and future goals, which is why we selected them as the Nokia PDM platform provider."
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.
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, the MatrixOne logo and eMatrix are registered trademarks, and Matrix10, "a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain," MatrixOne Program Central Matrix PLM Platform, MatrixOne Sourcing Central, MatrixOne Supplier 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.
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