MTI Systems Confirms Quadrupling of ShouldCost Estimating Service contract with Major Aerospace OEM
Award Represents Largest Single Contract In Company's 27 Year History
West Springfield, MA, May 12, 2009 – MTI Systems today announced that a leading global manufacturer of aircraft engines is expanding their use of the company's ShouldCost Estimating Service (SES) after a successful one year contract. The new agreement triples the number of service hours provided over that of the initial contract.
"We are very excited that one of the largest, most respected tier one suppliers in the Aerospace industry has chosen to significantly expand their usage of our services throughout their organization," said Tom Charkiewicz, CEO of MTI Systems. "This is a real vote of confidence from a best in class manufacturer that has put our product (Costimator OEM) and services through its paces and determined that it truly delivers considerable cost savings. By working closely with our customers, our team of cost engineers is able to provide the type of detailed, bottoms-up cost data they need to analyze and ultimately achieve lower product costs, both at the design stage and during product procurement."
SES is a division of MTI Systems, providing cost engineering services for mid-to-large sized manufacturing organizations worldwide using the company's proprietary cost estimating software solution, Costimator OEM. The company's cost estimating service provides costing data that supports the development of parts and assemblies throughout the product lifecycle, from design to production.
About MTI Systems
MTI Systems, Inc. is a world-leader in the development of innovative cost-estimating software and cost engineering services, providing competitive-edge solutions for manufacturing since 1982. For more details on the company's products and services, contact David LaJoie at MTI Systems, 1111 Elm Street, Suite 6, West Springfield, MA 01089, Ph 413-693-0617, Fax 413-739-7250, e-mail: [email protected], or visit www.mtisystems.com.
Press release issued MTI Systems, Inc. on May 12, 2009