Mindready Ships Two Test Systems to Panasonic Automotive Systems

9/9/2004 - Mindready Solutions Inc. (TSX: MNY), a leading supplier of innovative solutions for test and embedded systems serving high-growth vertical markets, announced the delivery of two high-performance audio and electronic test systems to Panasonic Automotive Systems Company of America.

Jointly developed with the client, both systems can contribute to a significant increase in productivity and time-to-market by reducing the design verification testing cycle from weeks to hours, freeing up valuable resources for design activities. Both systems bear Mindready’s recognized imprint: full automation of tedious manual test processes, highly accurate and structured data output delivered in client-specific format, and robust configuration allowing high utilization rates.

“Thanks to these test systems, our engineers have nearly doubled their time allocation for high-value design activities versus testing, training and troubleshooting. Design verification testing for AM/FM head units has been reduced from 3-4 weeks to 6-8 hours while the GMLAN radio tester allows us do the job in less than an hour, compared to 2-4 weeks previously,” said Hans A. Troemel, Jr., Senior RF Engineer, Panasonic Automotive Systems Company of America.

“At Mindready, we pride ourselves in being able to work closely with clients such as Panasonic Automotive Systems to develop robust and innovative solutions that accelerate their time-to-market while maintaining the extremely stringent quality and reliability requirements of their products and, in this regard, we look forward to meet Panasonic Automotive Systems future challenges” stated Claude Delage, President and CEO of Mindready Solutions.

About Panasonic Automotive Systems Company of America
Based in Southfield, Michigan, Panasonic Automotive Systems Company of America is a division of Secaucus, NJ-based Matsushita Electric Corporation of America, the principal North American subsidiary of Matsushita Electric Industrial Co., Ltd. (NYSE: MC) of Osaka, Japan, one of the world’s leading developers and producers of innovative electronic and electrical products for consumer, business and industrial use. Panasonic Automotive Systems Company of America also acts as the North American operating company of Panasonic Automotive Systems Company, an internal division company of Matsushita Electric Industrial Co., Ltd., which coordinates global automotive industry systems and components operations. For more information on Panasonic and Matsushita Electric, visit the company’s Web site at www.panasonic.com.

About Mindready Solutions
Mindready Solutions Inc. (TSX: MNY) is a leading supplier of innovative solutions for test and embedded systems serving the aerospace & defense, automotive & transport, consumer electronics and telecommunication markets. Mindready's clients include companies such as Alcatel, Boeing, Bose, FlightSafety International, Hewlett-Packard, Nortel Networks, Panasonic and Rockwell Collins. More information about Mindready and its products, systems and engineering services can be found at www.mindready.com.

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