Lotus and Processia renew Partnership 3 February, 2013 Lotus Formula One Team renews its Product Lifecycle Management solution technical partnership with Processia Solutions until at least the end of 2015: Lotus F1 Team is delighted to announce a new agreement with Processia Solutions, who specialise in the customization, implementation and integration of Product Lifecycle Management (PLM) solutions. Processia Solutions has been a technical partner of the team since 2005 and their continuous contribution helps enhance integration and efficiency within the design, manufacture and race engineering departments of the team. Lotus F1 Team Technical Director James Allison: “Success in F1 is heavily dependent upon innovation. Each season brings a more intense development battle than the last and the team that can bring developments to the circuit the fastest will prosper. Furthermore, as cost control agreements become an ever larger feature of the sport, there is an even higher premium placed on innovations that allow more work to be done for less cost. Processia help us fight on this often unsung but extremely important front by delivering innovations across a wide range of our processes, allowing us to get our designs to the track faster and more efficiently.” Processia Chief Executive Officer Vincent Fraser: “We are proud to extend our long term partnership with Lotus F1 Team, as it demonstrates Processia’s ability to support and integrate complex design, manufacturing and end-to-end engineering processes in the most challenging PLM environments. By improving PLM workflows, engineering change management and enterprise wide communications, efficiency gains of up to 15% are expected in the design and manufacturing departments, which provides a fantastic benefit to Lotus F1 Team.” Subbed by AJN. Reports on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Formula 1 teams, sponsors & organisations.