December 15, 2009
Forming Technologies Inc. (FTI), a developer of software for the design, simulation, and costing of sheet metal components, marked 20 years in business in Oakville, Ont., Canada, in October.
"Twenty years ago, computer-assisted technologies were still primitive, and the stamping engineer was desperate for help, even for a simple blank size calculation," said Dr. Medhat Karima, CEO. "We were able to move tryout from the shop floor into the design office, where the use of upfront design technologies became commonplace."
Since 1989 FTI has provided OEMs and suppliers in the automotive, aerospace, and appliance industries with software and training systems designed to help reduce development time and material costs.