Thermo King to Implement aPriori for Product Cost Management

“aPriori is extremely pleased at the outcome of Thermo King’s evaluation”
.“The engineering team at Thermo King always focuses on designing and manufacturing an extremely high quality product,” said David Price, vice president of engineering at Thermo King. “During our product development process, sometimes we make changes that have cost implications. With aPriori deployed throughout our engineering team, we now understand the cost implications of each tradeoff decision at the exact time that change is being considered.”

Thermo King conducted a thorough evaluation of aPriori before making its decision to acquire the technology. Part of the evaluation involved leveraging aPriori’s Outlier Analysis service to ensure that there would be a sufficient return on investment. This project provided more than enough evidence that aPriori could truly deliver on their promise to help reduce product costs.

“aPriori is extremely pleased at the outcome of Thermo King’s evaluation,” said Stephanie Feraday, aPriori’s president and chief executive officer. “We felt all along that there was a strong fit between our product and the requirements of Thermo King. One of aPriori’s unique differentiators is that the user does not need to be an expert in cost engineering to use the product, yet they benefit from more than 75 years of research and development that has gone into the advancement of the core technology behind the user interface. Thermo King will also benefit from aPriori’s New Customer Ramp Program. This program involves deploying a portfolio of aPriori’s expert consulting services over the first year of the partnership to help Thermo King evolve their cost management business practices and maximize the impact of the tool across the organization.”

About Thermo King

Thermo King, a business of Ingersoll Rand - the world leader in creating and sustaining safe, comfortable and energy efficient environments, was founded in 1938 and manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. The company operates 10 manufacturing facilities and 17 parts distribution centers worldwide. Sales and service is provided by a global dealer network of 865 independently owned companies in 75 countries. For more information, access the Thermo King web site at www.thermoking.com.

About Ingersoll Rand Ingersoll Rand (NYSE:IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands - including Club Car®, Hussmann®, Ingersoll Rand®, Schlage®, Thermo King® and Trane® - work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. We are a $13 billion global business committed to sustainable business practices within our company and for our customers.