MatrixOne and Possis Medical to Present Best Practices for Managing FDA Regulation Compliance Throughout Product Development
November 15 2005 - 8:30AM
Business Wire
With medical devices facing new regulation requirements from the
FDA's 21 CFR Part 11 and Part 820 mandates, MatrixOne, Inc.
(NASDAQ: MONEE), a leading provider of collaborative product
lifecycle management (PLM) solutions for the value chain(TM), today
announced that it will present a webcast on how managing product
information electronically can significantly ease compliance
efforts. Possis Medical, a manufacturer of advanced medical devices
for the large and growing cardiovascular and vascular treatment
market, will co-present on how the company leverages MatrixOne's
integrated PLM FDA compliance solution in its business processes.
Companies currently using paper-based systems to meet FDA
requirements are putting themselves at risk and a competitive
disadvantage. The electronic workflow provided by PLM can
streamline quality assurance and compliance, while helping to
improve profitability through faster time-to-market. "MatrixOne PLM
provides immediate access to information, improves productivity
throughout the product development process, captures data necessary
for regulatory compliance, facilitates multidisciplinary
collaboration and captures critical corporate knowledge," said Tim
Anderson, director of engineering for Possis Medical. "The
technology is a big step for us in our corporate strategy for
growing our business in the years to come and introducing
innovative life-saving products." -0- *T What: Free webcast
entitled "Managing Regulatory Compliance Throughout Product
Development" When: Wednesday, November 16, 2005 at 1:00 pm ET Who:
Barry Foster, product director, MatrixOne; George Schmidt, senior
PLM business consultant, MatrixOne; Rob Oveson, manager,
documentation systems configuration, Possis Medical; Tim Anderson,
director of engineering, Possis Medical Where: For additional
information on this event or to register, please visit
http://www.matrixone.com/plmlive/live.html *T About MatrixOne
MatrixOne, Inc. (NASDAQ: MONEE), a leading global provider of
collaborative product lifecycle management (PLM) software and
services, enables companies to accelerate product innovation to
achieve top line revenue growth and improve bottom line
profitability. With world-class PLM solutions and a commitment to
customer success, MatrixOne is focused on helping companies across
the automotive, aerospace & defense, consumer, machinery,
medical device, semiconductor and high-tech industries solve their
most challenging new product development and introduction problems.
More than 800 companies use MatrixOne's solutions to drive business
value and gain a competitive advantage, including industry leaders
such as BAE Systems, Bosch, Comau, General Electric, Honda, Johnson
Controls, Linde AG, NCR, Nokia, Philips, Porsche, Procter &
Gamble, Sony Ericsson, STMicroelectronics and Toshiba. MatrixOne
(www.matrixone.com) is headquartered in Westford, Massachusetts,
with locations throughout North America, Europe and Asia-Pacific.
MatrixOne and the MatrixOne logo are registered trademarks and "a
leading provider of collaborative product lifecycle management
(PLM) solutions for the value chain" is a trademark of MatrixOne,
Inc. All other trademarks and service marks are the property of
their respective owners. Forward-looking statements in this release
are subject to risks and uncertainties that could cause our actual
results to differ materially from those anticipated. Such
statements may relate, among other things, to our plans, objectives
and expected financial and operating results. The risks and
uncertainties that may affect forward-looking statements include,
among others: poor product sales, long sales cycles, difficulty
developing new products, difficulty in relationships with vendors
and partners, higher risk in international operations, difficulty
assimilating future acquisitions, difficulty managing rapid growth,
and increased competition. For more about the risks and
uncertainties of our business, see our periodic and other S.E.C.
filings.
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