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SofTech Announces Significant Contract Win

Feb 12, 2016

OTC Disclosure & News Service

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SofTech, Inc. (OTCQB:SOFT), a leading provider of enterprise technology solutions and consultancy services, announced today that it has received a major contract from Finmeccanica-AgustaWestland, one of the leading rotorcraft manufacturers worldwide. AgustaWestland is a subsidiary of Finmeccanica, a company that generated more than Euro 14.6 billion of revenue in its prior fiscal year.

This significant contract award is the result of a two-year effort which included a successful pilot program that was developed by SofTech and AgustaWestland utilizing best in class technologies and expertise to improve Advanced Configuration Management methodology on AgustaWestland’s existing processes for managing common parts across product platforms. SofTech implemented a solution utilizing Aras Innovator plus technologies from T-Systems and Kisters, together with their professional services teams. This solution highlighted the potential to dramatically improve AgustaWestland’s design to delivery process; with this award, SofTech will build out the full solution.

The AgustaWestland Family concept features inherent growth capability with each product within the Family set to benefit from the latest innovations installed into the other models. AgustaWestland will capitalize on this new philosophy and commonalities for new developments. AgustaWestland will apply the same approach to new commercial products as it expands the Family range in the future. This implementation will support the AgustaWestland Family initiative, while continuing the use of their legacy systems, with greatly improving efficiency. A successful completion of this phase of the contract will likely result in a much larger rollout of the solution at AgustaWestland over time.

Joe Mullaney, president of SofTech, said, “As we implement this methodology at AgustaWestland we will begin to promote it to other enterprises that have been looking into modern solutions to more effectively manage their bill of materials. The inflexibility and architecture of some legacy systems used throughout the aerospace and automotive industries contribute to the problem we are solving for AgustaWestland. We expect that this will be a significant growth opportunity for SofTech.”

About SofTech
SofTech solutions are proven to optimize performance and deliver measurable business results. Our professional services group leverages business and technical expertise to develop value-driven, creative solutions resulting in long-standing client relationships.

Over 100,000 users benefit from SofTech solutions, including ACCO Brands Corporation, Esterline CMC Electronics, Goodrich, Honeywell and the U.S. Army. Headquartered in Lowell, Massachusetts, SofTech (www.softech.com) has locations and distribution partners in North America, Europe, and Asia.

SofTech is a registered trademark of SofTech, Inc. All other products or company references are the property of their respective holders.

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