i2 PLANET SAN DIEGO --
April 29, 2004i2 Technologies, Inc. (OTC: ITWO), a leading provider of closed-loop supply chain management solutions, today announced that Infineon, a leading innovator in the international semiconductor industry, has extended its partnership with i2 with the goal of increasing its level of supply chain efficiency. With this agreement, Infineon joins the i2 Supply Chain Leaders Program, an initiative that builds and supports strategic partnerships between i2 and the world’s leading companies in the area of supply chain innovation and efficiency.
The multi-year agreement offers Infineon access to all i2 products and services, allowing for continuous access to best-practice knowledge and capabilities from a world leader in supply chain management solutions.
"We believe that this agreement with i2 will further empower us to become agile and flexible in anticipating rapid changes in customer demand and rapidly responding to sudden changes in market conditions," said Mike Schmelmer,Vice President of IT Logistics & Supply Chain Management of Infineon Technologies. "We have the goal to become one of the largest semiconductor companies in the world by increasing our market share, showcasing our innovation and having one of the most efficient supply chains in the world enabling us to better meet customer demand. We believe our extended partnership with i2 will help us achieve that goal."
Infineon designs, develops, manufactures and markets a broad range of semiconductors and complete system solutions targeted at selected industries. Its products serve applications in a wide variety of industries, including the wireless and wireline communications, automotive, industrial, computer, security and chip card markets. That diverse market coverage, combined with a broad portfolio consisting of memory, logic products, digital, mixed-signal and analog integrated circuits, or ICs, and discrete semiconductor products and system solutions, makes an efficient and streamlined supply chain essential to continued success.
Infineon has been an i2 customer since 1996, using i2 Supply Chain Management solutions with great success. Reported results with i2 to date include:
- Reduction of rolling forecast cycles (demand and capacity planning) company-wide from quarterly to monthly;
- Implementation of feedback processes from capacity planning back to marketing and demand planning, and
- A reduction of the company’s master planning cycle from one month to one week.
Now, through its partnership with i2, Infineon has the opportunity to garner additional process improvements with access to one of the industry’s broadest, most mature offerings of supply chain solutions ranging from demand fulfillment to strategic sourcing to hazardous materials management. This partnership can also allow Infineon to lower its total cost of ownership by using a single vendor for all of its supply chain needs, allowing for greater cooperation across business units and strategic partners in all divisions.
As a member of the Supply Chain Leaders Program, Infineon can tap into talent from the i2 Competency Center, located within the Solutions Center in Bangalore, India. Professionals in the Competency Center can offer Infineon quick response and the ability to tailor solutions to the company’s specific business needs through intimate knowledge of the industry’s best practices combined with Infineon’s overall strategic vision. Through its membership in the program, Infineon can work through the Competency Center to influence the development and commercial availability of innovative supply chain solutions.
"We are thrilled to continue our long-term relationship with Infineon as their strategic supply chain partner and help them achieve their vision of becoming one of the world’s largest semiconductor companies," said Sanjiv Sidhu, i2 chairman and chief executive officer. "Infineon’s visionary approach will enable them to use their supply chain as a competitive weapon by having complete visibility and collaboration across their enterprise with suppliers, customers and trading partners."
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About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for the automotive and industrial sectors, for applications in the wired communications markets, secure mobile solutions as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2003 (ending September), the company achieved sales of Euro 6.15 billion with about 32,300 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com.
About i2
leading provider of closed-loop supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2’s global customer base consists of some of the world’s market leaders – including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. Learn more at www.i2.com.
i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc.
i2 Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding the benefits of the Supply Chain Leaders Program, the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion or receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Annual Report on Form 10-K/A filed on March 17, 2004. i2 assumes no obligation to update the forward-looking information contained in this news release.
For further information, please contact:
Beth Elkin
i2 Technologies
469-357-4225
beth_elkin@i2.com
Dawn Kahle
Weber Shandwick Worldwide for i2
972-830-2428
dkahle@webershandwick.com
Christoph Liedtke
Media Relations Infineon Technologies North America
408-501-6790
christoph.liedtke@infineon.com
