FTI Opens Office in Hong Kong
 OAKVILLE,
ON, Canada, June 24, 2008 - Forming Technologies Inc. (FTI), the world’s
leading developer of software for the design, simulation, and costing of
sheet metal components announced the opening of Forming Technologies Asia
Ltd. located in Hong Kong. FTI Asia will play a key role in deploying FTI
solutions as well as offer local support in the role of a preferred systems
integrator for the Chinese market place.
“The latest development is due to the rapid growth in the region,
especially in the automotive, consumer products, and electronics industries”
states Michael Gallagher, VP of Sales and Marketing, Forming Technologies.
The growth FTI is experiencing in the Chinese marketplace is a testimonial
to the strong product line up of our FormingSuite and CATIA based solutions.
Our expansion is directly related to our ability to provide the latest
developments in technological advancements to reduce time and material costs
for our clients.”
The Chinese market has been a strategic growth market for FTI. Software
revenues have grown two-fold over the past year with great local
representation within the Dassault Systemes channel and FormingSuite
products. Many clients including Ford, SAIC, Johnson Controls, Dongfeng
Motors, and the Magna companies are utilizing FTI solutions. “Our new office
will further emphasize our commitment to our clients to continue providing
industry standard cost/ cost reduction technologies,” adds Gallagher. “I see
even more exciting opportunities and technology- leading solutions that will
have a positive impact on our client’s balance sheet in the coming days.”
About Forming Technologies
Forming Technologies Incorporated (FTI) is the world’s leading developer
of computer aided engineering software for design, and simulation of sheet
metal components. For the past 19 years, FTI has provided OEMs and suppliers
in the automotive, aerospace, and appliance industries with innovative
software and training solutions designed to reduce development time and
material costs. FTI has trained over 12,000 engineers in Formability and Die
Design and is considered the Best in Class around the world for their
industry training programs. FTI and its global network of business partners
provide sales and technical support to customers in more than 35 countries.
For more information, please visit the company’s website
www.forming.com.
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Source: Material used in press releases is often supplied by external
sources and used as is.
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