Press Release - Molex Selects IHS Stature as System of Record for Product QualityToronto – April 26, 2011 – IHS/Dyadem today announced that it has been selected by Molex Incorporated (NASDAQ: MOLX and MOLXA) as its system of record for product quality. Molex, a leading global supplier of interconnection systems, will implement Dyadem’s Stature risk management software platform, helping it to create a standardized systemfor managing quality across its worldwide operations. The Stature platform is available in Australia and New Zealand via EnVizTec’s partner agreement with IHS Inc., the market leader in Operational and Quality Risk Management solutions. Molex has chosen IHS and its Stature platform for its secure central database, multiple language support and its ability to facilitate communication between geographies and business units. This will help Molex reduce the time it takes to conduct quality risk assessments and provide a way for its senior management to view comprehensive quality risks across the business, in real-time. Molex needed an enterprise risk management solution that would allow its 25 global design centers and 39 plants worldwide to collaborate more effectively and continuously improve quality. “Using Dyadem’s desktop software we had created a network file system to categorize and maintain our FMEAs, but moving to Stature will allow us to leverage all that information as well as all the talent we have across the organization,” said Gary Matula, Senior Vice President and CIO, Molex. “Making it fast and easy for engineers in our centers of excellence to collaborate will maximize our ability to continue to develop the innovative solutions our customers expect while making sure our IP is protected in Stature’s secure database.” Molex designs, manufactures and sells more than 100,000 electronic, electrical and fiber optic interconnect products for a wide variety of markets that include telecommunications, automotive, data, consumer electronics and industrial. To continuously improve product quality, it conducts Design FMEAs and Process FMEAs, resulting in an overwhelming amount of data that is isolated across several systems. Stature will consolidate this data and provide more information about quality metrics, including traceability. Stature will also help Molex to identify processes and areas where excess product scrap or re-work can be reduced and share these best practices and lessons learned across facilities and production lines, worldwide. “Stature is so flexible that we are configuring it to mimic our product development process,” said Charlie Manlapaz, CAE Project Leader, Molex. “Stature will ensure that we start with requirements and a Bill of Materials (BOM) and move to Design and Process FMEAs, through to the test plan. Then manufacturing can pick up with the control and inspection plans all within the same system. Stature will eliminate the need for multiple systems and will walk our teams through a standard process for all of our products – ensuring quality and consistency across the globe.” Stature is a Web-based software solution for managing risk that allows users throughout the world to securely work and collaborate as a single virtual team. It is an enterprise software platform that allows organizations to accurately capture quality trends, implement preventative measures, efficiently execute processes, and make informed decisions based on project and business process performance, all in real-time. Ultimately, discrete manufacturers that use Stature aim to eliminate product and process failures, and reduce the likelihood of product recalls. “Molex, like many companies today, recognized that it had intellectual property that was decentralized. It needed to implement a global software platform so that it could centralize quality data that had been collected over time,” said Kevin North, President and CEO, Dyadem. “When this data is centralized it can be converted into information, and when this information is communicated and distributed properly, it will become corporate knowledge – it will become legacy. In this process, Stature has helped leading edge organizations like Molex identify and mitigate a vast number of potential exposures and liabilities across the globe.” About IHSIHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs 6,700 people in 31 countries around the world. About EnVizTecEnVizTec is a provider of technology and services to fulfill the needs of progressive companies to achieve high levels of operational excellence, innovation, collaboration and continuous improvement in quality and safety. EnVizTec provides a range of solutions which leverage our collective experience in Operational & Quality Risk Management, Product Innovation and Collaboration tools. Our experience extends across a wide range of industries including Automotive, Aerospace & Defence, Manufacturing, Consumer Goods, Process, Energy and Resources via long-term relationships with industry-leading corporations and suppliers. |