LECTRA: Lectra unveils a new strategy

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FOR IMMEDIATE RELEASE Lectra unveils a new strategy Lectra enables customers to lock Industry 4.0 principles into their processes Paris, February, 28, 2017 - Lectra, the world leader in integrated technology solutions dedicated to industries using ...

FOR IMMEDIATE RELEASE

 Lectra unveils a new strategy

Lectra enables customers to lock Industry 4.0 principles into their processes

Paris, February, 28, 2017 - Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather, technical textiles and composite materials, reveals a new strategy conceived to empower fashion and apparel, automotive and furniture companies to succeed as they step into the Industry 4.0 era.

Anchored in the digitalization of industrial processes, from creation to production, Industry 4.0 is creating a new organization of factories' ecosystems. Increasingly flexible with optimized resources, factories are propelling a new digitalized lifecycle for products that will benefit consumers.

Furthermore, mass production is leaving increasing room for large-scale customized production, as well as providing quick-to-market, quality products expected by increasingly impatient and demanding customers.

In order to face these changes, a digital value chain is essential to provide real-time connections between creative teams and product development teams, smart factories, suppliers and consumers.

"To meet these new challenges, our customers can depend on our software and equipment offer, already compatible with Industry 4.0 principles, our deep knowledge of the industrial Internet of Things since 2007, and our teams' expertise in specific industries," stated Daniel Harari, CEO, Lectra. "Thanks to these strong fundamentals, we are massively enriching our offer, leveraging the latest technologies and integrating best practices, to entrench Lectra's position as an Industry 4.0 visionary."

Reflecting Lectra's new strategy is the launch of a Software as a Service (SaaS) offer, reinforced by cloud and developed since 2015. This offer, capitalizing on data analyses and exploitation, will translate into even smarter, connected equipment and finely tuned integration between equipment, software and services. New industry-specific services will reinforce the offer, enabling Lectra to continually improve customer processes. Initially tested in 2017 with select customers, some of whom have been involved with the offer since the beginning of the design, the new offer will be commercialized from 2018.

"Bringing increasing value to our customers, Lectra will increase the share of revenues dedicated to R&D to 10% for the period from 2017 to 2019, representing a rise of about 50% between 2016 and 2019. This way we can support our customers on their path towards operational excellence, indispensable if they are to succeed in the context of the fourth industrial revolution," concludes Daniel Harari.

About Lectra

Lectra is the world leader in integrated technology solutions (software, automated cutting equipment, and associated services) specifically designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture their products. It serves major world markets: fashion and apparel, automotive, and furniture as well as a broad array of other industries. Lectra's solutions, specific to each market, enable customers to automate and optimize product design, development, and manufacturing. With more than 1,550 employees, Lectra has developed privileged relationships with prestigious customers in more than 100 countries, contributing to their operational excellence. Lectra registered revenues of $288 million in 2016 and is listed on Euronext.

For more information, please visit www.lectra.com

Contact - Lectra Headquarters / Press Dept.: Nathalie Fournier-Christol
E-mail: n.fournier-christol@lectra.com
Tel.: +33 (0)1 53 64 42 37 - Fax: +33 (0)1 53 64 43 40





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: LECTRA via Globenewswire

Source(s) : LECTRA

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