Avery Dennison Makes a Significant Investment in Moldflow Manufacturing Solutions Products
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WAYLAND, Mass. - September 13, 2002 - Moldflow Corporation (NASDAQ:MFLO), the world leader in process-wide solutions for optimizing the design and manufacture of plastic products, today announced that Avery Dennison's Fasterner Division, a global leader in molded plastic fastening systems, tags and application devices that fulfill retailer demand for store-ready merchandise and the need to control and secure in-store merchandise, has purchased Moldflow's Manufacturing Solutions products. The order, which consists of the Moldflow Plastics Xpert and Shotscope products for real-time production and process monitoring and control on the manufacturing floor, is valued at approximately $220,000, and will begin shipping during Moldflow's first fiscal quarter.
About Moldflow Corporation
Moldflow (NASDAQ: MFLO) is the world's leading provider of software products and services to increase the speed, efficiency, quality and cost savings of the design and manufacture of injection molded plastic products. 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. Our collaboration with academia, industry and customers around the world has led to a reputation for constant innovation in the complete design-to-manufacture process. Headquartered in Wayland, Massachusetts, Moldflow has offices and R&D centers in the United States, Europe, Australia and the Asia Pacific region.
