ModuleWorks, a leading supplier of software components for the digital manufacturing industry, announces that Mitsubishi Electric has joined its Strategic Partner Program.
The Strategic Partner Program initiated by ModuleWorks represents a commitment to driving the development of intelligent, integrated manufacturing solutions by fostering collaboration and innovation between ModuleWorks and key technology providers. Mitsubishi Electric is the latest addition to the growing network of partners.
Mitsubishi Electric has previously collaborated with ModuleWorks on its shop floor digitalization strategy. By joining the Strategic Partner Program, Mitsubishi acquires a minority investment in ModuleWorks equity which enables both companies to intensify their cooperation and accelerate the development of Mitsubishi’s next generation automation and industrial control solutions.
“As part of our business strategy for factory automation systems, we aim to help solve diverse challenges in modern society,” said Toshie Takeuchi, Group President of Factory Automation Systems Group at Mitsubishi Electric. “As a result of this agreement for partnership and investment, we expect to deliver solutions that are easier for customers to use, and thereby help to address challenges such as labor shortages and knowledge transfer throughout the engineering chain.”
“We are delighted to have Mitsubishi Electric join our Strategic Partner Program,” said Dr. Yavuz Murtezaoglu, Founder and Managing Director of ModuleWorks. “Working in close partnership accelerates technological development and drives digital transformation in manufacturing. We look forward to exciting new developments in our technologies.”
ModuleWorks is the leading software component provider for the digital manufacturing industry. With over 200 employees and 1500 person-years of software development, the company’s expertise in toolpath creation and simulation is recognized throughout the industry and its software components are already optimizing the performance and quality of over 500,000 installed seats of CAD/CAM and CNC software around the world. From standard products to exclusive development projects, ModuleWorks helps companies to bring their vision of Industry 4.0 to life. With its comprehensive portfolio of cutting-edge software components, ModuleWorks enables its customers to optimize their CAD/CAM solutions and connect to CNC/MTB systems to increase their competitiveness and help them Get There Faster.
About Mitsubishi Electric
From their base in Japan, Mitsubishi Electric has expanded its reach through Asia and beyond to the rest of the world resulting in substantial local and global market shares. Mitsubishi Electric is highly regarded internationally for its efforts to improve quality in every process, whether product development, design or production, as well as in aftermarket service following delivery. With flexible manufacturing processes focused on continuing their legacy and evolving, they provide high-performance, high-quality products that help make their customers more competitive.