Invistics® Receives National Science Foundation Grant
Technology Association of Georgia names company to top 10 Innovators list.
Atlanta, GA (PRWEB via PR Web
Direct) February 3, 2005 -- Invistics, developer of manufacturing
performance management software announced this week that it has received its
second Phase I award from the prestigious National Science Foundation (NSF),
bringing total grants from the organization to over $1.2 million.
The NSF
Small Business Innovation Research (SBIR) program once again recognized
Invistics' leadership in solutions for manufacturing improvement. "The Invistics
solution capitalizes on innovative mathematical techniques that advance the
knowledge base of operations research for the benefit of complex manufacturers,"
says Cheryl Albus, NSF program manager.
In other news, the Technology
Association of Georgia (TAG) recently named Invistics one of the state’s top 10
Innovators in its first annual recognition of companies that have the ability to
positively impact Georgia’s economy and promote its image of innovation.
"Invistics stands out as one of the companies most likely to positively impact
the market with its solution," says Tino Mantella, TAG president.
"We are
proud to see Invistics recognized for its contributions to the manufacturing
industry and we are honored to receive both these awards," says Tom Knight,
Invistics founder.
Invistics Flow Path Management System® is a
manufacturing performance management solution that allows high-mix manufacturers
such as pharmaceutical companies to apply the latest improvement techniques to
environments with constant change and significant variability.
About
Invistics
Invistics is the leading provider of manufacturing performance
software designed specifically for high-mix manufacturing environments. The Flow
Path Management System® helps companies analyze and improve factory performance
to achieve significant reductions in inventory while responding more quickly and
reliably to customer demand. Utilizing Invistics solutions, customers have
achieved over 99% on-time deliveries while reducing inventory by an average of
50% and cutting cycle times by more than half. Developed by experienced
manufacturing veterans and leading operations scholars, the Flow Path Management
System leverages years of expertise to overcome the obstacles of implementing
advanced manufacturing techniques in highly complex environments.
Editors
Note: Invistics, and Flow Path Management System are trademarks or registered
trademarks of Invistics Corporation. Any other trademarks, company and product
names are recognized as proprietary to their owners.
Public Relations
Contact:
Tom
Knight
Invistics Corporation
5445 Triangle Pkwy., Suite 300
Norcross, GA
30092
770-559-6386
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Source : http://www.prweb.com/releases/2005/2/prweb205141.htm