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2016-12-05

aPriori Technologies: aPriori Opens New Center for Advanced Cost Modelling

Office in Northern Ireland to Extend Engineering&Implementation CapacityCONCORD, Mass., Dec. 05, 2016 (GLOBE NEWSWIRE) -- aPriori, the leading
provider of product cost management (PCM) software solutions, today announced
the opening of a new software development and technology implementation
center, headquartered in Belfast, Northern Ireland. The new Center for
Advanced Cost Modeling will be staffed by 15 highly skilled engineers that
will expand aPriori's cost modeling, software development, quality assurance
and implementation capacity. These engineers will build upon the world class
research&development staff working out of aPriori's corporate headquarters in
Concord, MA in the USA.

The new office also represents a productive new partnership with Invest
Northern Ireland. Representing Invest NI for the announcement at Parliament
Buildings in Belfast, Economy Minister Simon Hamilton MLA proclaimed,
"aPriori Technologies is an exciting and growing business with a global
customer base and its decision to establish a technical center in Belfast is
a unique investment which requires engineering and software expertise."

aPriori's product cost management platform provides global product design and
sourcing teams with real-time cost estimates on individual components,
subassemblies and complete products. The software leverages CAD and
intelligent cost models to quickly determine feasible manufacturing methods
and product costs while generating detailed manufacturing analysis and cost
estimates that quantify the impact of changes to product design, materials,
manufacturing processes, volumes and location in real time.

aPriori President and Chief Executive Officer, Stephanie Feraday, attending
the opening ceremony in Belfast today remarked, "Cost modelling and
implementation of product costing solutions requires particular expertise.
With growing customer demands, we realized we needed to recruit more staff to
support the company's continued development. Invest NI has been working
with us over the past 16 months as we considered our options and its support
with our investment was a significant factor in our decision to locate a new
technical center in Northern Ireland. The quality of research and teaching
at Queen's University's School of Mechanical and Aerospace Engineering
impressed us and we are confident that we can find the qualified technical
staff we need among Northern Ireland's engineering talent base to support our
growth plans."

About aPriori
aPriori software and services generate hard-dollar product cost savings for
discrete manufacturing and product innovation companies. Using aPriori's
real-time product cost assessments, employees in engineering, sourcing and
manufacturing make more-informed decisions that drive costs out of products
pre- and post-production. With aPriori, manufacturers launch products at cost
targets, maximize savings in re-work projects and avoid overpaying for
sourced parts. To learn more about aPriori and its product cost management
solutions and services, visit www.apriori.com or call 1.978.371.2006. To see
an overview demonstration of aPriori, click here.

aPriori on Twitter @aPriori_Inc.

aPriori on LinkedIn

Enterprise Product Costing Blog

aPriori and aPriori Technologies are registered trademarks of aPriori
Technologies Inc. All other trademarks, registered trademarks or service
marks belong to their respective holders.

CONTACT:
Rick Burke
Vice President, Marketing
rburke@apriori.com
978.451.7675

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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: aPriori Technologies via Globenewswire

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