Atlanta, GA (PRWEB) March 1, 2005
Invistics, developer of manufacturing performance management software, announced today that founder Tom Knight has been invited to join the Advisory Committee for the National Science Foundation (NSF) Small Business Innovation Research and Technology Transfer (SBIR/STTR) programs.
Knight and other members of the panel represent the broad community served by the SBIR/STTR programs at NSF. Their insight and advice on small business programs help the SBIR/STTR programs meet federal legislation consistent with the NSF mission.
The National Science Foundation is an independent federal agency created by Congress to promote the progress of science and is the major funding source for cutting-edge fundamental research in many fields including mathematics, physical science, computer science, engineering and the social sciences.
"The NSF and its SBIR program provide incentives to small companies enabling them to undertake research and development with great promise, but also great risks that might otherwise inhibit discoveries," says Knight. "It is quite an honor to be one of the companies chosen to participate in this prestigious group and IÂm thrilled to be a part of something that has the potential to positively impact our industry as well as others."
"We are pleased that Tom Knight, a true entrepreneur with the keen desire and ability to transform discoveries into commercial success, has agreed to join our eclectic panel of advisors to the SBIR/STTR programs at NSF," says Kesh S. Narayanan, director Industrial Innovation, NSF. "We look forward to his contributions to further strengthen the NSF small business programs benefiting our nation during this critical era of innovation."
Invistics is the leading provider of manufacturing performance management software designed specifically for high-mix manufacturing environments. The Flow Path Management SystemÂ® helps companies analyze and improve factory performance to achieve significant reductions in inventory while responding more quickly and reliably to customer demand. Utilizing Invistics solutions, customers have achieved over 99% on-time deliveries while reducing inventory by an average of 50% and cutting cycle times by more than half. Developed by experienced manufacturing veterans and leading operations scholars, the Flow Path Management System leverages years of expertise to overcome the obstacles of implementing lean manufacturing techniques in highly complex environments.
Invistics, Flow Path Management System, Execution Workbench and Performance Workbench are trademarks or registered trademarks of Invistics Corporation. Any other trademarks, company and product names are recognized as proprietary to their owners.
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