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4-Traders Homepage  >  Equities  >  Nasdaq  >  Sanmina Corp    SANM

SANMINA CORP (SANM)
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Delayed Quote. Delayed  - 11/17 10:00:03 pm
33.9 USD   +0.74%
11/15 SANMINA : 42Q Launches Digital Factory Starter Kit for Manufacturers
10/30 SANMINA : posts 4Q profit
10/30 SANMINA : SCI Corporation to Host Earnings Call
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Sanmina : 42Q Launches Digital Factory Starter Kit for Manufacturers

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11/15/2017 | 01:45am CET

SAN JOSE, CALIF.- November 14, 2017 - 42Q, a leading provider of cloud manufacturing execution systems (MES), today announced the release of its Digital Factory Starter Kit, a solution with key capabilities that accelerate digital factory transformation. The Digital Factory Starter Kit includes shop floor and quality functions, traceability capability and business intelligence (BI) reporting. The Digital Factory Starter Kit is part of the 42Q cloud solution, and enables manufacturers to realize value from digital factory transformation using 42Q in just weeks.

'The costs and complexity of deploying a conventional on-premise MES platform can result in a time to value of between nine and eighteen months for basic functionality,' said Srivats Ramaswami, CTO, 42Q. 'Manufacturers beginning their digital transformation should not have to wait that long. We designed the Digital Factory Starter Kit to include the core features necessary for digital transformation, and get companies up and running in a few weeks, with no interruption to business processes or customer deliveries.'

According to findings from LNS Research, most manufacturers can see significant benefits from a properly executed MES deployment. However, only 20% of manufacturers are currently using this technology. Reasons given for this low adoption rate include cost, complexity, and risk of business interruption. 42Q's Digital Factory Starter Kit enables companies to minimize these risks with an easy to deploy cloud solution, and realize benefits almost immediately.

Key capabilities of the Digital Factory Starter Kit include electronic travelers, cycle time management, shop order management and process routing control. Functionality for quality management is fully integrated, including employee verification and electronic work instructions, traceability, product genealogy, labeling and control plans. The Digital Factory Starter Kit also includes 42Q's Business Intelligence module, which provides tools for real time alerts from manufacturing operations along with data visualization.

'While easy to deploy, the Digital Factory Starter Kit is a complete solution enabling companies to manage quality and operations, monitor yields, WIP and throughput in real time. This solution is proven and already deployed in many manufacturing facilities in highly regulated industries including medical, aerospace and automotive manufacturing,' said Ramaswami.

42Q delivers a comprehensive and proven cloud-based MES solution which operates between an enterprise resource planning (ERP) system and the manufacturing equipment in a factory, enabling simpler and more cost-effective implementation of a smart factory with Industry 4.0. With robust and proven functionality, 42Q helps manufacturers more easily cross traditional boundaries of automation, engineering, operations and IT. Currently deployed in more than 50 factories worldwide, 42Q's proven, scalable solution allows organizations to eliminate the lengthy infrastructure acquisition and configuration process, and deploy the solution for immediate benefit.

The Digital Factory Starter Kit is available immediately. For more information, please visit Digital Factory Starter Kit

About 42Q
42Q is a leading provider of cloud MES solutions, implemented in over 60 manufacturing facilities. Our mission is to deliver scalable, flexible and easy to implement manufacturing solutions to our customers. Our management team has extensive experience with the architecture, development and implementation of advanced MES and manufacturing automation systems deployed across a broad range of vertical markets. 42Q is a business unit of Sanmina Corporation. For more information on 42Q, please visit 42Q

Media Contact
John Kreuzer
Lumina Communications for 42Q
Phone: (408) 896-3307
Email: [email protected]

Sanmina Corporation published this content on 14 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 00:44:10 UTC.

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Financials ($)
Sales 2018 7 131 M
EBIT 2018 289 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 14,59
P/E ratio 2019 12,81
Capi. / Sales 2018 0,34x
Capi. / Sales 2019 0,33x
Capitalization 2 442 M
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Mean consensus HOLD
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Average target price 40,4 $
Spread / Average Target 19%
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NameTitle
Robert K. Eulau Chief Executive Officer & Director
Jure Sola Executive Chairman
David Anderson Chief Financial Officer & Executive Vice President
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