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Moldflow and HASCO Sign North American Distribution Agreement
WAYLAND, Mass. --(Business Wire)-- April 15, 2004 -- Moldflow Corporation (NASDAQ: MFLO), the world leader in software and enabling hardware solutions for optimizing the design and manufacture of plastic products, today announced it has established a distribution agreement with HASCO America, Inc., one of the largest suppliers of standard products for the moldmaking, molding, tool and jig making industries. According to the agreement, HASCO will expand its product offerings to include Moldflow's Altanium(R) hot runner process control system and will distribute these systems through their North American sales force.
Altanium, originally introduced by American MSI Corporation which was acquired by Moldflow Corporation in January 2004, is the next generation hot runner process control system that breaks new ground as the industry's first and only modular, small footprint solution that supports up to 384 mold control zones. Moldflow Corporation's hot runner process control systems are a key element of sophisticated mold systems used in the manufacture of large components or molds with high cavitation typically used the automotive, packaging and medical industries.
"When we began to ramp up our hot runner production in North America, we knew we needed to offer a complete hot runner system solution to our customers, including hot runner process control. We chose the Altanium product because through its use of cutting edge technology it has consistently been the industry's top, innovative temperature control system. Additionally, Moldflow's strong commitment to product quality and customer service appealed to us. With Moldflow as our partner in North America, we can provide our customers the optimum system solution for their hot runner application," said Jill Zachary, director of North American sales and marketing for HASCO.
Tim Triplett, Moldflow's executive vice president and general manager, adds, "Moldflow is pleased to have a world leading manufacturer such as HASCO America as a distribution partner. HASCO's breadth of products as well as their expertise in delivering technical solutions to manufacturers of all sizes makes them a great partner to broaden our process control solutions distribution in North America."
About HASCO
HASCO America, headquartered in Arden, NC services the North American molding and mold making markets with the most comprehensive product offering of inch and metric mold plates, mold bases and mold components in the industry. Specially machined mold bases are quoted and produced in two manufacturing facilities located in North Carolina and California. HASCO also offers a complete hot runner product line, including standard off the shelf manifolds, custom manifolds and completely engineered custom hot halves designed to customer specifications. All design and engineering is done by Hot Runner Applications Engineers in both the North American facilities; and all systems are manufactured, assembled and tested there. HASCO stocks a complete line of products in North Carolina and California and also in Ontario, Canada and Queretaro, Mexico.
About Moldflow Corporation
Moldflow (NASDAQ: MFLO) is the leading global provider of automation and optimization software and enabling hardware solutions for the plastics injection molding industry. Companies use Moldflow's complete suite of products to address plastic part design issues at the earliest possible stage as well as to maximize productivity and profitability on the manufacturing floor. Moldflow's collaboration with academia, industry, and customers around the world has led to a reputation for constant innovation in the complete design-to-manufacture process. Headquartered in Wayland, Massachusetts, Moldflow has offices, manufacturing and research and development centers in the United States, Europe, Australia, and Asia.
Note to editors: Moldflow and Altanium are registered trademarks of Moldflow Corporation or its subsidiaries worldwide. All other trademarks are properties of their respective holders.
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