CHICAGO, June 1, 2005 - IFS, the global enterprise applications company, announced today that Tec Industries, LLC, a contract manufacturer of advanced carbon fiber composite products, has signed a contract to implement IFS Applications™ business software. The company will deploy the IFS system at its headquarters and manufacturing and distribution facility in Orange City, Iowa, and Quatro engineering and development facility in Poway, California. Tec Industries manufactures products for a variety of industries, including medical device, aerospace, automotive, sporting goods, wind energy, and audio. The company formerly was affiliated with another IFS customer, CIVCO, a medical device company that manufactures and distributes radiation oncology products worldwide.
"CIVCO has had great success with their IFS system, so IFS was the obvious choice for our company," said Steve Roesner, chief operating officer of Tec Industries. "IFS Applications will enable us to function as a single enterprise by providing a seamless flow of information between our Iowa and California sites." "We have enjoyed partnering with CIVCO during the past four years in finding ways to enhance efficiency and streamline FDA compliance, and we look forward to continuing this successful relationship at Tec Industries," said Cindy Jaudon, president and CEO of IFS North America. "IFS Applications enables mixed-mode manufacturers such as Tec Industries to integrate engineering, production, distribution, project management, and other key business processes.
This gives them the agility to respond rapidly to changing market conditions and shifting customer demands." About Tec Industries, LLC Based in Orange City, Iowa, Tec Industries is a contract manufacturer of advanced carbon fiber composite products. Many of its products are used in diagnostic imaging. The company also manufactures products for the aerospace, automotive, sporting goods, wind energy, and audio industries.
About IFS
IFS (XSSE: IFS), the global enterprise applications company, provides solutions that enable organizations to respond quickly to market changes, allowing resources to be used in a more agile way to achieve better business performance and competitive advantage. IFS was founded in 1983 and now has 2,600 employees worldwide. IFS pioneered component-based enterprise resources planning (ERP) software with IFS Applications, now in its seventh generation. IFS' component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications are available in 54 countries, in 20 languages.
IFS has more than 500,000 users across seven key vertical sectors: aerospace & defense, automotive, high-tech, industrial manufacturing, process industries, construction & facilities management, and utilities & telecom. IFS Applications provides extended ERP functionality, including supply chain management (SCM); enterprise asset management (EAM); maintenance, repair, and overhaul (MRO); product lifecycle management (PLM); customer relationship management (CRM); and corporate performance management (CPM) capabilities.
