20-20 TECHNOLOGIES SIGNS LARGE DEAL FOR END-TO-END SOLUTION WITH MEKRAN OF RUSSIA
LAVAL, QC, Feb. 22 /CNW Telbec/ - 20-20 Technologies Inc. (TSX: TWT) ("20-20" or the "Company") the world leader in 3D interior design and furniture manufacturing software announced today the recent signing of an agreement with Mekran, a leading Russian solid wood furniture manufacturer, to supply an end-to-end solution. 20-20 will implement its inSight, CAD and Design software applications as part of a project to provide state-of-the-art kitchen design and manufacturing solution.
"Our factory will become the most modernized and automated in Eastern Europe. 20-20 Technologies' suite of applications will make us more efficient by connecting all of our business processes. Every operation of our company will be managed, and integrated, on a common data platform," said Mekran's CEO, Alexey Metelkin.
"We are delighted that Mekran chose 20-20 Technologies to meet their needs for the future," said Joerg Witthus, Executive Vice President for Sales and Services Europe. "We believe Mekran's confidence in 20-20 represents the validation of our end-to-end strategy which integrates the complete set of processes from conception to design and manufacturing. It is also important to highlight that this transaction is the result of a concerted effort with our local distributor. It demonstrates the crucial role we want to play with our partners in the development and expansion of the strategy outlined in our business plan. Finally, it's important to add that this latest deal represents our seventh inSight contract in Russia over the last fifteen months."
In powerful contrast to competitive offerings in the furniture industry, 20-20 provides a complete set of integrated applications which form a seamless solution for all processes in the creation and sale of residential and office furniture, including kitchens, bathrooms, closets and offices.
About 20-20 Technologies Inc.
20-20 Technologies is the world's leading provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. Dealers and retailers use our desktop and Web-based products and solutions for the home and office markets. 20-20 offers a unique end-to-end solution, integrating the entire breadth of functions in interior design. It provides a bridge for data communication from the point-of-sale to manufacturing, including computer-aided engineering and plant floor automation software. Operating in eleven countries with more than 500 employees and an extensive network of partners worldwide, 20-20 is a publicly traded company (TWT) on the Toronto Stock Exchange (TSX). For more information, visit www.2020technologies.com.
Мекrаn is a leading Russian solid wood furniture manufacturer. The company was founded in 1922. Furniture production and the headquarters are located in Krasnoyarsk. The main business line is solid wood premium furniture production for households. Production volume reached 4 000 cubic meters in 2010. The company has 6 furniture collections: Belfor, Virginia, Leon, Sofia, Stefania, Julia. The Mekran stores chain comprises 20 POS in Moscow, Saint-Petersberg, Rostov-na-Donu, Krasnoyarsk and abroad. The company is currently focused on building the largest and the most technologically developed solid wood furniture factory.