CHICAGO (March 19, 2002) - GlobalSpec, Inc., the only Web-based, integrated product classification and discovery gateway, today announced the release of SpecStation^TM for MatrixOne at the Design Show of National Manufacturing Week. SpecStation is a Web-based component supplier management (CSM) application for the classification and sourcing of component content that allows engineers to search a rich database of parts and automatically enter the data into their MatrixOne system. Expanding on six years of expertise in providing a solution for content management and technical product discovery, GlobalSpec, in cooperation with MatrixOne, created SpecStation for MatrixOne to fill a critical gap in the enterprise value chain for managing product content that is highly searchable, rapidly accessible, expertly classified and specification-rich.

SpecStation for MatrixOne is designed to deliver three fundamental benefits to the enterprise: engineering productivity, speed-to-market for new designs, and measurable costs savings. Anticipated financial benefits include a direct impact on cost of goods sold, reduction in inventory costs and shorter design cycles. For Fortune 5000 manufacturing companies, this can translate into tens of millions of dollars in bottom-line financial impact.

Building upon its partnership with MatrixOne, Inc. (NASDAQ: MONE), the leading provider of product collaboration solutions for the value chain, SpecStation for MatrixOne is available for plug-and-play into MatrixOne’s Product Lifecycle Management (PLM) platform: the core collaboration platform, eMatrix^TM, and the Value Chain Portfolio^TM of business applications. Combined, MatrixOne’s value chain solutions and SpecStation for MatrixOne deliver a complete product definition throughout the enterprise.

“MatrixOne’s solutions are designed to help foster business collaboration across global value chains, resulting in more innovative product, accelerated product development, and cost savings,” said Sam Zawaideh, vice president of products and solutions for MatrixOne. “By offering our customers the SpecStation capability which integrates seamlessly into their existing MatrixOne eMatrix solution and Value Chain Portfolio applications such as Engineering Central, SpecStation for MatrixOne will provide turnkey access to a vast database of component content that enables enterprises to realize measurable cost reductions and improved time-to-market.”

SpecStation for MatrixOne provides integrated access to GlobalSpec’s database, the largest repository of searchable mechanical, electrical and optical component data in the world, and a classification structure for purchased cataloged components that is mapped according to standards such as UNSPSC and NAICS. SpecStation for MatrixOne enables part reuse and supplier rationalization, resulting in an accelerated design process, accelerated time-to-market, decreases design costs and enhanced collaborative engineering.

“Organizations invest heavily in managing the development of highly-engineered products, and a lack of investment around component sourcing has often resulted in series of problems, from potential quality issues and inflated part inventories, to an inability to reuse parts and unnecessarily long design cycles,” said Jeff Killeen, chairman of GlobalSpec. “With SpecStation’s rich component content and best-of-breed classification, such problems cease to exist, delivering significant productivity, financial and speed-to-market benefits to the enterprise.”

SpecStation for MatrixOne is now shipping.

About GlobalSpec, Inc.

GlobalSpec, Inc., the first Web-based, centralized product discovery gateway, connects engineers and technical buyers with the products and manufacturers they need based on engineering specifications. GlobalSpec's SpecSearch^sm is an advanced parametric and universal engineering component search system that provides users access to bias-free information from more than 29 million product specifications and access to more than 22,000 contactable suppliers arranged in over 1,400 product areas representing the searchable contents of over 6,500 catalogs. Information about SpecStation can be found at http://specstation.globalspec.com or e-mail your request to specstation@globalspec.com.

GlobalSpec, GlobalSpec.com, SpecStation and SpecSearch are registered marks of GlobalSpec, Inc.

About MatrixOne, Inc.

MatrixOne, Inc. is changing the way the world brings products to market^TM. The Company’s eMatrix^TM product collaboration platform and out-of-the-box Value Chain Portfolio^TM applications enable online collaboration across global value chains and secure access to independent trading communities in private and public marketplaces. A trusted partner to innovative companies, MatrixOne helps customers accelerate the right products to market. MatrixOne’s approximately 600 global customers represent the aerospace/defense, apparel, automotive, consumer packaged goods, general machinery, high-technology, and medical equipment industries, including GE, Procter & Gamble, Nokia, Siemens, JDS Uniphase, and Honda. Headquartered in Westford, Massachusetts, MatrixOne (www.matrixone.com) also maintains offices in North America, Europe, and Asia, with additional distributors in Latin America and Australia.

MatrixOne and Adaplets are registered trademarks, and eMatrix, Changing the Way the World Brings Products to Market, Product Collaboration Solutions for the Value Chain, and Value Chain Portfolio 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 a more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings.

Contact:
GlobalSpec Marketing
E-mail: marketing@globalspec.com

Back to GlobalSpec News