Sep 3 - Canada's Tycos Expands Use of think3 Products

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Canada's Tycos Expands Use of think3 Products

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MILAN, Italy, Sep 3, 2008 - Tycos, a Canadian provider of automotive tooling, continues to deliver cutting edge products and tooling services thanks to continued collaboration with think3, the only supplier to offer technology solutions that combine product concept, engineering and tooling environments.

ThinkDesign solutions by think3 provide a single design environment which streamlines design processes and allows for an unparalleled interoperability that dramatically reduces margin of error. This significantly cuts design time and costs which allows products to hit the market much quicker, and this directly translates into real benefits to the bottom line.

“We chose think3 many years ago for its high reliability of tooling solutions” said Patrick Radice, General Manager of Tycos. “Over the years this has proved successful and thanks to ThinkDesign and HyperCAD we’ve been able to meet the needs of increasingly demanding customers all over the world”.

For Tycos, another important plus in this durable collaboration has been the quality of service and support provided by SolidCAD, Ontario's leading provider of software, training and technical support for the CAD/CAM industry. SolidCAD plays an integral role on the think3 support team for Tycos, bringing a wealth of experience in the automotive market and in third party applications, such as hyperMill, for manufacturing and hardware integration.

think3 has recently released its 2008.1 version of ThinkDesign solutions for toolmakers and technicians. ThinkDesign features improvements to the Compensator functions and offers a powerful solution for calculating the compensation required for sheet metal spring back. The improvements concern mesh loading, calculation, checking and the extraction of curves and points to ensure better performance and optimized results in comparison with the initial shape. The Die Design module, for designing dies in the sheet metal environment, is new. The new module offers functions for defining cutting lines and for compensating local and targeted GSM spined twist.

“At think3 we constantly develop cutting edge design and PLM software to meet customer demands and help them deliver innovative products”, said Filippo Zuccarello, CEO, think3. “We are pleased to contribute to Tycos’ success and we believe our consolidated experience working with such an important tooling company will help us improve our offer of tooling solutions to help customers meet the competition”.

Tycos Tool and Die of Concord, ON, is a division of Decoma International, and one of the plastics industry’s largest mould makers.

About think3, Inc.

think3 has been operating in the ICT sector for more than 25 years and provides the only technology that links three separate design areas: the concept, its development and the finished product. In this way, think3 enables thousands of company customers to innovate, to compete and to rise to the challenges of global markets, thanks to the integration of processes, which helps to accelerate time to market and to reduce costs.

Having been active in emerging markets with dedicated structures for many years, think3 can provide outsourcing services, thus offering companies a new opportunity to go international.

think3 boasts a consolidated presence across Europe, the US and Asia. The company has also secured a strong presence in China following joint venture deal sealed with Beijing Extech Science & Technology Co. Ltd to create EXTECH, a brand new company based in Beijing, with offices across the country. In the rest of the world, think3 is present throughout its network of selected VARs (Value Added Resellers). All this means that think3 can count among its customers some of the most significant enterprises in the industrial market.

For more information, visit http://www.think3.com.

About Tycos

Tycos (Concord, Ontario) is a tooling division of Decoma International. Decoma is a wholly owned subsidiary of Magna International Inc. Tycos was founded in 1956 with approximately 113,000 Sq. Ft. of production and office space. The company currently has 120 employees consisting of Designers, Mould Makers and Machinists. Tycos manufactures medium to large size (up to 50 ton) automotive tooling in the following categories: injection molding, reaction injection molding (RIM), low pressure molding, compression molding, and hydro forming. It also provides maintenance and servicing on all tooling, both in its plant and at the customer's location. Tycos typically makes moulds for the following parts: fascias (bumpers), fenders, body side moldings, instrument panels, door panels, other large automotive parts.

For more information, visit http://www.tycostool.com/tycos/ourCompany.html.

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