Business Editors/High-Tech Writers
LONG BEACH, Calif. & COLUMBIA, Md.--(BUSINESS WIRE)--Sept. 15, 2003
Significant Partnership Marries Best-in-breed Production Automation,
Inventory and Asset Management Software and RFID Hardware
Apriso Corporation, the leader in "bottom-out" enterprise software, and Matrics, a pioneer in low cost, high-performance Radio Frequency Identification (RFID) smart label technology, announced today that they are partnering to deliver high-value-added, turnkey production automation, inventory management, and asset management solutions to enterprises based upon Matrics' leading-edge RFID technology and Apriso's respected suite of real-time, collaborative supply and manufacturing applications. The two companies recently teamed with a Fortune 100 company to deploy a high profile RFID system.
"RFID is rapidly being recognized as a crucial technology for competitiveness in the 21st century," said Adam Bartkowski, president and CEO of Apriso. "The electronic tracking and management of inventory -- from containers or pallets to components -- provides substantial benefits in new business flexibility and cost structure that will rapidly differentiate a company from its competitors. Apriso's software is the world's first suite of enterprise software applications that can natively deal with the new business processes and massive amounts of real-time information that a fully-realized RFID deployment can generate, and our process-based production, warehouse, and inventory management applications, in particular, are perfectly matched with Matrics' technology."
An RFID tag is comprised of a tiny microchip programmed with a unique "identity" number. The Matrics RFID tags can be read from 10-30 feet at rates of 1000 tags per second from any orientation, resulting in the ability to collect data automatically without human intervention. Unlike bar code systems, RFID tags can be read even when hidden from view, a common situation in manufacturing or warehouse operations. Advanced asset management techniques, uniquely supported by Apriso software, enable the management of inventory and assets in real time.
"Apriso enterprise software allows customers to quickly realize the optimal strategic value from their RFID implementations," said Tom Coyle, Matrics vice president, supply chain solutions. "Matrics provides the most affordable and best performing RFID solutions; Apriso software turns the vast amounts of data being collected into actionable information to greatly impact the enterprise."
About Matrics Inc.
Matrics, based in Columbia, MD, is a provider of EPC(TM) compliant RFID technology and visibility solutions for supply chain, asset management and security. Patented wireless tracking technologies provide users with the most reliable and cost-effective solutions to provide the comprehensive visibility of assets throughout an enterprise. For more information, visit Matrics on the Web at www.matrics.com.
About Apriso Corporation
Apriso is the world leader in "bottom-out" enterprise software -- a new paradigm for today's "execution" economy. Apriso's FlexNet(R) Suite provides the world's first Web-services-based, end-to-end, real-time, event-driven application suite focused entirely on an enterprise's global supply, production, and distribution processes. Apriso uniquely provides its customers the means to transition to a real-time, demand-driven, adaptive business model based upon total visibility (including RFID, compliance, and others), borderless collaboration, and the principles of six sigma and lean supply.
Apriso was founded in 1992, and now operates in 11 countries across the Americas, Europe and Asia-Pacific. World headquarters are in Long Beach, California. Apriso's rapidly-growing customer base of more than 140 customers and over 350 installations worldwide includes such high-profile, global companies as General Motors, Honeywell, Microsoft, Merck, Lockheed Martin, ITT, Baker Hughes, Halliburton, International Paper, Rubbermaid, Matsushita Avionics Systems, Saint-Gobain, Pechiney, and British American Tobacco. A complete customer list can be found at: http://www.apriso.com/en-us/customers/customer_list.html.
The company has received a total of $20.9 million in two rounds of venture funding. Investors include 75 Wall Street Technology Partners, CMEA Ventures, LogiSpring Investment Fund, SAP Ventures, and Brentwood Venture Capital.
Editors' Note: All trademarks and registered trademarks are those of their respective companies.
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