STOCKHOLM, Sweden, and SCHAUMBURG, Ill., April 28, 2003 (PRIMEZONE) -- Intentia International AB (publ.)(Other OTC:IAINF) announced today that Hutchinson Technology Incorporated (Nasdaq:HTCH) has signed an agreement with Intentia in North America to license and implement Movex, Intentia's fully integrated, enterprise collaboration solution.
The first phase of the partnership is already under way; Phase Two is scheduled to commence this summer.Reporting annual revenues of USD 390 million, HTI is the leading global supplier of disk drive suspension assemblies to major recording head and hard disk drive OEMs. Customers include IBM, SAE/TDK, Seagate, Read-Rite, Toshiba, Samsung and others. HTI maintains corporate headquarters, R&D and manufacturing facilities in Hutchinson, Minnesota, with additional manufacturing sites in Minnesota, Wisconsin and South Dakota. Global operations are supported by a number of service offices in Singapore, China, Japan, Thailand and the Netherlands. Partnering with Intentia in North America, Hutchinson Technology (HTI) plans to implement Movex with the objective to integrate and automate many of the company's enterprise and supply chain business processes.
According to HTI's CIO Dave Radloff, "The effectiveness of our business systems is becoming increasingly critical to meeting our customer's needs and expectations. We are always seeking to drive efficiency and improve customer satisfaction in order to further expand our market share and increase shareholder value. We chose Intentia as one of our core business systems because their application addresses key functional needs driven by our business. We have confidence in Intentia's implementation consultants and process. Additionally, Intentia's technology direction aligns with our vision to become more agile." Barb Tessmer, HTI Program Manager, adds, "From a technology point of view, the Java-based Intentia solution offers distinct advantages, especially relative to integration to other business systems and multiple options for integration within the enterprise and throughout our supply chain. When fully implemented, this system will help us manage costs and production volume, while enabling us to continue to improve our precision quality standards and customer service levels."
Commenting on the new deal, Linus Parker, President of Intentia in the Americas, stated, "We at Intentia are delighted to have begun this significant partnership with Hutchinson Technology and we will work hard to prove the wisdom of their decision. Our goal is to help HTI successfully achieve objectives which so many of our global customers have already realized, namely, an integrated, collaborative business system at a reasonable cost and with a low total cost of ownership. Because we develop, implement and service our own software, we can deliver on that promise."
HTI's final choice of signing the deal with Intentia in North America came after a deep and thorough evaluation process. License revenue will be recognized in two phases representing various stages of the project. The license revenue is anticipated to have been recognized in full by Q1 2004. The total value of the project once completed is USD 4 million in licenses and service revenue.
About Hutchinson Technology
Hutchinson Technology Incorporated (Nasdaq:HTCH) is the recognized leader in the design and manufacture of suspension assemblies, a critical component that holds the recording head in a hard disk drive. The company produces a majority of the worldwide supply of suspension assemblies for all sizes of disk drives produced by every major disk drive manufacturer. Founded in 1965, HTI today has annual revenues of USD 390 million and employs about 2,800 people. Most recently, the company has diversified into measurement devices for the medical industry. To learn more, please visit: www.htch.com
About Intentia
Intentia is one of the world's leading suppliers of e-collaboration solutions. Our vision is to become the leading global e-collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all e-collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM), enterprise resource planning (ERP), supply chain management (SCM), partner relationship management (PRM), business performance measurement (BPM) and e-business.
Intentia has more than 3,200 employees and serves over 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B. Visit Intentia's Website at www.intentia.com.