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Monday, November 1, 2010

Plex Systems reports 32 percent revenue increase

Plex Systems reports 32 percent revenue increase
Plex Systems Inc., provider of the No. 1-rated manufacturing Enterprise Resource Planning software, announced record financial results for its third quarter ending Sept. 30. Total revenue for the quarter increased 32 percent, while recurring revenue increased 25 percent. The company also added 11 new customers. Mark Symonds, chief executive officer at Plex Systems, said, “The demand for manufacturing ERP in the cloud continues to increase dramatically. Additionally, new industries have responded positively to the manufacturing-centric design of our solution, driving success among companies in food and beverage processing, alternative energy manufacturing, and consumer product manufacturing.” More information is online at www.plex.com.

ANN ARBOR
Rehmann to merge with Wright Griffin Davis and Co.

Rehmann, CPA and consulting firm, announced plans of intent to merge with Ann Arbor-based Wright Griffin Davis and Co., effective Jan. 1, 2011.
Rehmann has more than 625 professionals in 16 locations in Florida, Michigan and Ohio with annual revenues exceeding $73 million. Wright Griffin Davis, which will assume the Rehmann name, employs 45 professionals with annual revenues of $6.5 million. Visit www.rehmann.com.

SOUTHFIELD
Lawrence Tech wins grant for powerful microscope

Lawrence Technological University will acquire the first environmental scanning electron microscope in the Metro Detroit area with a $769,744 grant from the National Science Foundation.
The new microscope to be housed in Lawrence Tech’s College of Engineering will be used for both research and education at Lawrence Tech.
The electron microscope can be used to scientifically characterize wet, oily, porous and soft materials, which are traditionally considered impossible to study using conventional microscopy techniques.

TROY
Seco Tools offers carbide recycling program

Seco Tools is offering its customers the option of selling used cemented carbide back to Seco. By 2014, Seco will recycle 50 percent of the carbide inserts it sells. Tungsten, which comprises 75 percent of cemented carbide content, can be recycled, reducing reliance on mined tungsten ore. Today, China produces 80 percent of the global tungsten ore and has 70 percent of the geological reserve.
Only 30 percent is recycled at present.
According to Seco, when an operator replaces a carbide insert, typically less than five percent of the tool is actually worn away, leaving 95 percent of the carbide intact and capable of being recycled.
Seco Tools Inc. at 2805 Bellingham Drive, Troy, is part of Seco Tools AB (Fagersta, Sweden), a world leader in metalworking technologies.
For more information, visit www.secotools.com or call 800-832-8326.

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