SMT, PCB Electronics Industry News

Valor and TraceXpert Complete on the Formation of

Mar 02, 2004

Yavne, Israel - February 24th, 2004, Valor Computerized Systems [Prime Standard: VCR, WKN 928731], the leader in productivity increasing software solutions for the electronics design and manufacturing industry, today announced that the agreement with Denmark-based TraceXpert A/S, the technology-leader in real-time production monitoring, machine-control, and traceability solutions, has now been executed.

This completion of all legal and financial aspects of the agreement, first announced in December 2003, signals that Valor-Denmark is now fully open for business: to deliver the TraceXpert Manufacturing Execution System (MES) to the global electronics industry. The TraceXpert product delivers a comprehensive productivity-maximization, exact traceability and shop-floor parts-management solution that has already been field-proven at dozens of major manufacturing sites worldwide. TraceXpert includes real-time data-rich interfaces to SMT assembly lines from multiple high-end machine vendors such as Siemens, Universal and Fuji, and a major expansion program is to be implemented immediately, to substantially increase the machine-types coverage offered to the market.

Valor-Denmark A/S is a joint venture company, 50% owned by Valor and 50% owned by the shareholders of the predecessor-company, TraceXpert A/S. All intellectual property, management and employees of TraceXpert A/S will be transferred into Valor-Denmark, and Valor Ltd., Israel, will make a $4 million investment into the newly formed business in order to facilitate an immediate ramp-up in the rate of development of the TraceXpert solution. After 3 years of operations, Valor Ltd., Israel, will have first option to purchase all shares in Valor-Denmark.

Ofer Shofman, CEO of Valor, said �I am delighted to be able to announce the completion of the agreement with our partners from TraceXpert. The Valor worldwide organization will take TraceXpert to market immediately, in combination with our Trilogy 5000 product, to deliver an industry-leading design-through-manufacturing solution. During the process of concluding the agreement to form Valor-Denmark, we benchmarked the TraceXpert solution at a number of top-tier manufacturers worldwide, and gathered the clear feedback that we have the winning technology which delivers not only the must comprehensive traceability solution, but also provides substantial improvements in productivity and inventory-management.�

Henning Maerkedahl, co-President of Valor-Denmark together with Kurt Byskov, confirmed �we are very excited about this strategic development in our business. We are looking forward to expanding our business globally, alongside Valor, the established leader in the field of manufacturing simulation and programming for electronics assembly operations.�

About Valor

Valor Computerized Systems [FSE: VCR, WKN 928 731] is the leader in vertically integrated, productivity enhancing engineering software solutions to the electronics design and manufacturing industry. Valor is a publicly listed on the Frankfurt Stock Exchange. The company's powerful software tools, based on ODB++, the Valor-funded data format that has quickly become the format of choice for high-level data exchange, ensure the rapid transfer of optimized data from the design through manufacturing stages. Enterprise 3000 DFM system for physical design verification, Trilogy 5000 for assembly and test

engineering, TraceXpert for real time monitoring of assembly processes, exact traceability and materials management and the unique Valor Parts Library 24/7 on-line data service are utilized by designers and engineers to deliver enhanced productivity, higher yields, shorter cycle times and increased product quality. All Valor products are sold and supported by a worldwide network that includes global subsidiary offices, VARs and OEM channels. More information about the company can be found at http://www.valor.com/

Reader Contact Information:

Valor Corporate

Alon Levitan, Valor Computerized Systems, Ltd., Tel: +972-8 -943-2430 ext. 159, alonl@valor.com, http://www.valor.com

North America

Valor Computerized Systems, Inc., 25341 Commercentre Drive, Suite 200, Lake Forest, CA 92630, Tel: (+1) 949-586 5969, Fax: (+1) 949-586 1343

Apr 11, 2010 -

Valor MSS Software Suite for PCB Assembly from Mentor Graphics Wins New Product Introduction Award

Apr 11, 2010 -

Valor MSS Software Suite for PCB Assembly from Mentor Graphics Wins 2010 Vision Award

Mar 27, 2010 -

Valor to Feature Latest Software Solutions at APEX 2010

Dec 07, 2009 -

Norwegian CEM Hapro Choose Valor’s Trilogy Design for Manufacture Software

Dec 07, 2009 -

Valor to Launch Industry’s First End to End Software Suite ‘DynamiX’ at Productronica

Dec 07, 2009 -

Valor and Assembléon Form Alliance to Bring Complete Factory Automation to Electronics Assembly

Nov 11, 2009 -

Valor’s vCheck Wins a 2009 Global Technology Award

Sep 17, 2009 -

Valor to Feature Manufacturing Visibility and Management Software Tools at SMTAI 2009

Sep 13, 2009 -

Valor Celebrates 10 Years as a Corporate Member of the SMTA

Sep 04, 2009 -

Alta Manufacturing Purchases Valor Suite of Software Products

59 more news from Valor Computerized Systems »

Mar 27, 2024 -

Red Glue SMT Solutions: A Cost-Effective Approach for Double-Sided PCBs

Mar 26, 2024 -

North American PCB Industry Sales Down 11.6 Percent in February

Mar 26, 2024 -

iNEMI/IPC White Paper on Complex Integrated Systems Highlights Future Technology and Manufacturing Ecosystem Needs

Mar 26, 2024 -

Don Dennison Appointed to Roll Out KIC's Latest Thermal Analysis System Software in the Northeast

Mar 26, 2024 -

Altus Group Achieves Record Sales Milestone with Koh Young Europe

Mar 26, 2024 -

STI Welcomes Edrick Young as the Newest Mechanical Assembly Technician

Mar 26, 2024 -

Anda Technologies Receives 2024 NPI Award for Setting a New Standard in Smart Manufacturing

Mar 26, 2024 -

ZESTRON's Olaf Schoenfeld, Ph.D. to Participate in EV Special Session at IPC APEX Expo

Mar 26, 2024 -

North American EMS Industry Up 4.1 Percent in February

Mar 26, 2024 -

SMTA Europe Announces 2024 Spring Conferences

See electronics manufacturing industry news »

Valor and TraceXpert Complete on the Formation of news release has been viewed 862 times

IPC Training & Certification - Blackfox

Global manufacturing solutions provider