TLT-Babcock Implements IFS Applications to Support Manufacturing, Project Management.

Business Editors & High-Tech Writers

CHICAGO--(BUSINESS WIRE)--Nov. 26, 2002

IFS today announced that TLT-Babcock Inc., has completed its implementation of IFS business software at its headquarters in Akron, Ohio, and manufacturing plant in nearby Medina. The company provides custom-engineered

"One aspect of the implementation that truly impressed us was IFS' commitment to knowledge transfer," said John Holik, TLT-Babcock's manager of product administration. "The IFS business analysts demonstrated a broad and deep understanding of the software, which enabled our employees to focus on business issues specific to TLT-Babcock. As a result, we were able to implement IFS Applications as a solution to many of these issues."

TLT-Babcock is using IFS' manufacturing, distribution, financial, project, and document management applications. Within the next few months, the company plans to add IFS' Web-based personal portals.

"IFS Applications provides us with a variety of benefits, including improved communication within our company, streamlined order entry, and better internal management and control of documents," Holik said. "As a project-based company, we are looking forward to implementing the Web portals, which will give our project managers instant access to relevant information about their projects at any point in time, allowing better management and control of projects."

"With more than 60 Web-based applications, IFS gives companies the tools to improve project management using accurate, real-time information," said Terje Vangbo, IFS North America president. "Our Web portals are personalized digital dashboards that allow anyone in the company to get targeted answers to their questions and to collaborate easily with everyone else in the extended enterprise, including customers, suppliers, and business partners."

About IFS and IFS Applications(TM)

IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on Web and portal technology, offers more than 60 enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance, and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration.

A leading global business applications supplier, IFS has more than 3,100 employees, with sales in 43 countries. The company is listed on the Stockholm Stock Exchange (XSSE:IFS). More information is available at www.ifsna.com.

IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners.