MSC.Software and Moldflow Help Australian Tooling Group Save Time and Costs and Dramatically Conserve Energy Resources
September 08 2004 - 9:00AM
PR Newswire (US)
MSC.Software and Moldflow Help Australian Tooling Group Save Time
and Costs and Dramatically Conserve Energy Resources Leading
Simulation Technology Companies Partner with Australian Tooling
Industry Group and Environmental Protection Authority of Australia
to Develop Energy Efficient Product Development Process for Tool
Manufacturing SYDNEY, Australia, Sept. 8 /PRNewswire-FirstCall/ --
MSC.Software Corp. (NYSE:MNS), the leading global provider of
virtual product development (VPD) products including simulation
software and services, and Moldflow Corporation (NASDAQ:MFLO), the
leading global provider of automation and optimization software
solutions for the plastics injection molding industry, today
announced the completion of a joint project with Austool Limited
and the Department of Environment and Conservation, New South
Wales, Australia related to the use of computer simulation
technologies to reduce the time, cost and energy involved in the
design and manufacturer of plastic products. By using a combination
of technologies from Moldflow and MSC.Software, Austool was able to
demonstrate savings of more than AUD $75,000 in tool development,
250 hours in labor, a 75% decrease in development time and a
reduction of more than 16,000 kilowatts of electricity.
"MSC.Software is very proud of our relationships with other PLM and
VPD companies and is always looking for ways to work together on
joint projects that can demonstrate the value of simulation," said
Frank Perna, chairman and chief executive officer of MSC.Software.
"This project with Moldflow and Austool is a perfect example of
both the quantitative and hidden benefits of using VPD and
simulation tools. Not only were we able to show a tremendous time
and cost savings by eliminating design and manufacturing time,
costs and materials, but we were able to do it with far less energy
usage than traditional methods. If companies can develop innovative
products in less time, for less cost and do so with less natural
resources, they can be competitive and environmentally sensitive at
the same time." "Moldflow is very pleased to have been a part of
this joint project with Austool Limited, the Department of
Environment and Conservation, New South Wales, Australia and
MSC.Software," said Roland Thomas, president and chief executive
officer of Moldflow Corporation. "The results attained in this
project clearly demonstrate the significant cost and development
time savings utilizing analysis provides companies working with
injection molded plastics. Further, this project shows that
reducing the amount of material and time required to mold a plastic
part can reduce the impact of manufacturing on the environment
through the elimination of scrap and lower electricity usage,
allowing companies to still produce world class products in an
environmentally responsible manner." The traditional approach for
tool manufacturing is a trial-and-error method that wastes
considerable resources and time before the tool is perfected. By
using virtual product development (VPD) techniques, this project
was able to predict major core flexing problems thereby saving four
re-work cycles that amounted to a significant reduction in rework
costs; $75,000 in the cost of the tool's development, a saving of
250 hours in labor time, 16,464 kWh in electricity (which can power
4 family homes for 1 year) and 1,100 kg of steel. Further
Information A more detailed paper on the joint project with
Austool, MSC.Software and Moldflow will be available later in 2004.
For more information on this project and working with MSC.Software
and Moldflow, please email MSC.Software at or visit our website at
http://www.mscsoftware.com.au/. About MSC.Software Corporation
MSC.Software (NYSE:MNS) is the leading global provider of
simulation software and services, that helps companies make money,
save time and reduce costs associated with designing and testing
manufactured products. MSC.Software works with thousands of
companies in hundreds of industries to develop better products
faster by utilizing information technology, software, services and
systems. MSC.Software employs more than 1400 people in 23
countries. For additional information about MSC.Software's products
and services, please visit http://www.mscsoftware.com/. About
Moldflow Corporation Moldflow (NASDAQ:MFLO) is the leading global
provider of automation and optimization software, enabling hardware
and hot runner process control solutions for the plastics injection
molding industry. Companies use Moldflow's complete suite of
products to address plastic part design issues at the earliest
possible stage as well as to maximize productivity and
profitability on the manufacturing floor. Moldflow Plastics Labs
(MPL) offers state-of-the-art material testing and consulting
services. Its extensive materials database is also used in Moldflow
software products. Moldflow's collaboration with academia,
industry, and customers around the world has led to a reputation
for constant innovation in the complete design-for-manufacture
process. Headquartered in Wayland, Massachusetts, Moldflow has
offices, manufacturing, and research and development centers in the
United States, Europe, Australia, and Asia. For more information,
visit http://www.moldflow.com/. About Austool Ltd Austool Ltd is an
Australian-based, not-for-profit public company dedicated to
advancing the development of the Australian tool making industry.
Austool offers a variety of support programs and services to assist
our members and showcase expertise, innovative ideas and know-how
for the benefit of Australian manufacturing. Our members represent
various elements of the industry, from tooling and product
designers, toolmakers, suppliers, educators, technology developers
and customers. For more information, visit
http://www.austool.com.au/. DATASOURCE: MSC.Software Corporation
CONTACT: Todd Evans, Media Relations, +1-714-445-3066, , or Emma
Howard, Media Relations-Australia, +61 2 9260 2222, , or Joanne
Keates, Director of Investor Relations, +1-323-259-4263, , all of
MSC.Software Corporation Web site: http://www.austool.com.au/ Web
site: http://www.moldflow.com/ Web site:
http://www.mscsoftware.com/ http://www.mscsoftware.com.au/
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