Martinrea International Inc. Announces New Software Company, MiNDCAN Inc.

TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in developing and manufacturing highly engineered, value-added Lightweight Structures and Propulsion Systems, has launched MiNDCAN Inc., a software company offering solutions to help enhance program management, profit optimization, sustainability reporting, and other capabilities.

MiNDCAN Inc. offers software solutions created by industry professionals who have a direct view of the unique needs within their respective departments. Martinrea has developed, implemented and utilizes these applications to help improve company processes. MiNDCAN Inc. products are tailored to specific business needs and have demonstrated tremendous success.

"Our goal for MiNDCAN Inc. was to take our internal success with software development and provide it to a wider audience who could use it to improve their own operations," said Pat D'Eramo, CEO, Martinrea International Inc. "Within our business and industry, we have seen barriers to cost optimization and a lack of robust automotive project management software. In response, we have created and implemented solutions that have shown proven results."

MiNDCAN Inc.'s offerings include:

• MiNDCAN Program+tm - A solution which helps to manage complex programs and projects involving thousands of individual tasks and hundreds of people.
• MiNDCAN Profit+tm - A cost optimization platform for idea generation across the organization, visibility on progress and reporting on financial targets.
• MiNDCAN Sustain+tm - A program to help collect, track and report on environmental sustainability information, in a centralized location.
• MiNDCAN Customer+tm - A customer relationship management system to help track and manage the customer relationship lifecycle.

"We believe in the solutions we have created and have seen their success in a myriad of ways," said Rob Wildeboer, Executive Chairman, Martinrea International Inc. "By testing and utilizing these products at our locations, we have seen the capabilities and improvements in action, and we are confident that they can help other organizations continue to succeed as well."

Leading this digital transformation is Ganesh Iyer, Chief Technology Officer, Martinrea International Inc. Through his integrated role of Product Engineering, R&D and IT, at Martinrea, Ganesh brings extensive experience and knowledge to MiNDCAN Inc.

"As a growing software company, our objective is to empower businesses with built-for-purpose solutions, that allow organizations to meet their unique business needs while also driving increased efficiencies and improvements," said Ganesh Iyer, Head of MiNDCAN Inc. "We are excited to introduce our products to new organizations and continue assisting our current clients with achieving their targets."

To learn more about MiNDCAN Inc., please visit https://www.mindcaninc.com/.

About Martinrea International Inc.
Martinrea International Inc. (TSX: MRE) is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 59 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea's vision is making lives better by being the best supplier we can be in the products we make and the services we provide. For more information on Martinrea, please visit www.martinrea.com.

Media Contact:
Deanna Lorincz
Global Director, Communications and Marketing
[email protected]
Tel: 248.392.9727
Mobile: 586.634.1766

Investor Relations Contact:
Neil Forster, Director, Investor Relations and Corporate Development
E-mail: [email protected]
Tel: 289.982.3020
Mobile: 647.210.2385

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