Nov 4 - FTI Celebrates 20th Anniversary

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FTI Celebrates 20th Anniversary

BURLINGTON, ON, Canada, Nov 4, 2009 - Forming Technologies Inc. (FTI), the world’s leading developer of software for the design, simulation, and costing of sheet metal components, is celebrating 20 years in business. FTI incorporated in 1989 in Oakville, Ontario, Canada.

“FTI is proud to have played a role in converting Forming and Cost Feasibilities from a Black Art into a Computer Assisted workflow that is an integral part of day to day routines”, states Dr. Medhat Karima, CEO of Forming Technologies Inc. “20 years ago, Computer Assisted technologies were still primitive and the stamping engineer was desperate for help, even for a simple blank size calculation. We were able to move “tryout” from the shop floor, where brute force technology was the current method used, back into the design office where the use of upfront design technologies became common place. Nowadays, the Industry has come a long way as simulation is maturing and approaching a commodity status. However, there are still significant opportunities for productivity improvements by converting the current computerized tryout into an engineering discipline. FTI is helping our customers develop a robust, lean and repeatable process and is empowering them with significant cost reduction opportunities and reduced time to market.”

“Our solutions have been widely accepted by virtually all involved in the automotive industry”

adds Michael Gallagher, VP Sales and Marketing of Forming Technologies Inc. “Being able to optimize the product for fit, function, manufacturability, and cost at the design phase is still the vision that guides product innovation at FTI. We are very proud to have achieved 20 years in business and are very excited about the next 20 years. ”

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. Since 1989, 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, visit www.forming.com.

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