Ontario – Toronto GTA – Burlington
Corporation
www.forming.com
Ontario
Toronto GTA
Burlington
Corporation
active
Forming Technologies Inc. (FTI) is the world€™s leading provider of software solutions for the design, feasibility, and costing of sheet metal components. For the past 19 years, FTI has provided OEMs and suppliers in the automotive, aerospace, electronics, and appliance industries with innovative solutions designed to reduce development time and material costs. In addition to its software solutions, FTI offers an extensive curriculum of hands on Metal Stamping and Welding training courses, which are developed and delivered by industry experts.
FTI solutions are recognized as the global standard for costing and forming feasibility analysis. By continually developing comprehensive, yet easy to use applications, FTI enables its customers to immediately improve business operations, cut costs, and develop a measurable advantage in their marketplace.
Country of Ownership: Canada
Year Established: 1989
Exporting: Yes
Primary Industry (NAICS): 541510 - Computer Systems Design and Related Services
Alternate Industries (NAICS): 611690 - All Other Schools and Instruction
Primary Business Activity: Services
Total Sales ($CDN): $5,000,000 to $9,999,999
Number of Employees: 30
Products:
Catform, catnest, catstamp, catia costoptimizer, fastblank, fastform advanced,fastform, blanknest,blankworks, Prognest
Technology:
FTI leading-edge products and services include: Suite of Software: FTI offers a variety of software technologies
catering to the sheet metal design, processing, stamping, and
tool and die industries. FTI provides solutions covering the
entire product development cycle, from product inception to
stamping production. Capabilities include: product feasibility,
splitting and wrinkling prediction, thickness prediction,
surface strain evaluation, springback prediction, draw die
development, blank size calculation, nesting of blanks, etc. For
a list of the software solutions visit the Analysis Software
section to determine the solution that fits your requirements.
Metal Stamping - Assembly Training: FTI offers an extensive
curriculum of public and custom training courses that cover part
design, part processing, estimating, die build and tryout, draw
die development, development of aluminum panels, welding,
hemming, etc. The courses are not seminars but rather hands-on
training classes taught by industry experts. Check out the Metal
Stamping - Assembly Training section to select the training
course that fits your needs.
Sector:
Key / Major Clients: Daimler, Chrysler, HONDA, Toyota, Ford,Tower
Autmotive, Magna, , Audi, BMW, Freightliner, Nissan,
Hyundai, Johnson Controls, Tata Motors
Success Stories: Johnson Controls sought cost-efficient methods to reduce part prices
Customer Concern: - Improve material cost
- Reduce cost estimating time
- Reduce Supplier price per part
- Reduce time negotiating with suppliers
- Reduce inconsistencies
Solutions Provided: - Utilize FASTBLANK and BLANKNEST Software by FTI
- Provision of FASTBLANK Solution to estimate material cost, optimize formability and nesting before seeking supplier quotes
- Implement technology to change from a manual method for rapid, precise and automated design modifications
Results: - Ability to set target price for suppliers
- Ability to predict design failure before production
- Use of pre-production tooling development support
Summary: - $ 5M in savings per Year by reduction of material cost and supplier price per part
- Reduced cost estimating time by 75% from previous method
- Reduced Material Costs by 13%
- Decreased SRM Procurement Cycle, 2-3 months
- Better utilization of capital
- Instant ROI
Testimonial: "We save $5 MILLION per year on piece price alone
by using this software." Randy Taylor - Johnson
Controls Inc.
OEMs and Tier 1 part suppliers in North America,
Europe and Asia are applying our technologies.
With our predictive software, engineering support
and training services, our customers are
achieving major improvements in sheet metal
stamping quality, cost savings and significant
reductions in development time.
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