Enterprise platform for innovation purchased
An
Invention Machine product story
Edited by the Engineeringtalk editorial team
Jun 15, 2004
Hexcel will make Goldfire Innovator available to engineers in the research and technology and manufacturing/operations groups to provide them with a standard platform for problem-solving.
Hexcel has purchased Invention Machine's Goldfire Innovator software.
Goldfire Innovator is an enterprise platform for innovation - bringing unprecedented simplicity, structure, discipline and predictability to the innovation process - spanning idea generation and new product development, the renovation of existing products and the improvement of production processes.
Hexcel is a leading manufacturer of carbon fibres, fabrics, adhesives, composite materials and structures.
Hexcel, with sales of almost US $1 billion, serves leading companies across the aerospace, automotive, wind energy, recreation and marine industries from manufacturing sites and sales offices in Europe, the Americas and the Pacific Rim.
Hexcel joins Invention Machine's more than 1000 customers worldwide.
Under the agreement, Hexcel will make Goldfire Innovator available to engineers in the research and technology and manufacturing/operations groups to provide them with a standard platform for problem-solving and an improved ability to generate engineering solutions.
Goldfire Innovator delivers proven problem analysis tools and methodologies that guide users to solutions; semantic knowledge retrieval, providing fast, pinpoint access to relevant content; and access to worldwide patent databases and to over 8000 scientific effects and 2000 scientific websites.
"Improved access to engineering content throughout our current technology community as well as access to technical information across other companies and industries will better enable Hexcel to focus engineering efforts and reduce overlap - or 'reinvention of the wheel'", says Derek Swanson, Manager of Manufacturing Technology for Hexcel's Composites Business Unit.
"At Invention Machine, we have heard time and time again that engineers are constantly 'reinventing the wheel'".
"Analysts estimate that as much as 15-35% of the time a solution for the engineer's problem at-hand has already been developed within the user's own company - but they are not aware of it", says Mark Atkins, President and CEO of Invention Machine.
"With Goldfire Innovator, engineers are better able to access prior art - not just within their own organisation - but across that of other industries and scientific domains".
"The return on investment on this alone is staggering".
Companies using Goldfire Innovator benefit from greater conversion rates of ideas to products; better products, designed with a knowing eye on competitive offerings; streamlined manufacturing processes; and faster time-to-market - all at lower cost.
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