USA :Soligen Technologies, Inc. Joins Ford Motor Company's ANX Network
The ANX Network is a secure, business-quality data communications network service that links automotive suppliers and vehicle manufacturers electronically over one multi-provider Virtual Private Network. The ANX service is designed to meet the highest degree of security and privacy for mission-critical data, with ANX connections replacing the complex and limiting communications infrastructure currently used among automotive trading partners.
"We believe this development will measurably improve our fast turn around casting service and increase our business with this leading automotive manufacturer," said Yehoram Uziel, Chairman and Chief Executive Officer of Soligen. "The ability to directly access data files at Ford in real time reduces translation errors, assures configuration control and contributes to higher quality and faster turn around of product which are instrumental in the automotive OEM vendors efforts to reduce new model time to market. This is a major step for Soligen, as it gives the Ford Motor Company engineers immediate access to Soligen's proprietary technology and timely casting services. We would therefore hope to be increase our business with Ford, just as we are aiming to broaden our participation in the ANX Network and expand our growing level of business with other auto producers."
Soligen is able to rapidly manufacture cast metal parts, bypassing the traditional need for tooling, by employing Soligen's DSPC® technology. The DSPC technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal castings directly from a CAD file. Consequently, it enables postponement of design and the fabrication of expensive and time consuming casting tooling until after the parts are functionally tested, thus increasing the probability of making production tooling once and correctly on the first attempt. Additionally, Soligen rapidly produces production tooling for larger runs of metal castings from the same CAD file as the approved part. By combining three key production elements: DSPC® technology, conventional casting methods, and Computerized Numerical Control (CNC) machining practices, the Company has created the first "one stop shop" for functional metal parts that are made directly from a CAD file and that are ready for assembly. This complete service, trademarked as Parts Now®, has become a single source for rapidly manufactured metal parts.
DSPC® and Parts Now® are registered trademarks of Soligen.
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Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, timing of development and release of new products by strategic suppliers and customers, the effect of the Company's accounting policies and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.