Tulip Partners with Stanley Black & Decker on Global Operations Platform

Rhea-AI Summary

Tulip Interfaces has been selected by Stanley Black & Decker (NYSE: SWK) to provide its Frontline Operations Platform for digital manufacturing solutions across all global factories. This partnership builds on a relationship established since 2018, showcasing the commitment to advanced manufacturing solutions. Jane Arnold, Vice President of Manufacturing Technology at Stanley Black & Decker, will join Tulip's Board of Directors. The collaboration is expected to drive long-term value and operational innovation.

Positive

• Stanley Black & Decker has expanded its partnership with Tulip Interfaces to enhance digital manufacturing capabilities.
• Jane Arnold will join Tulip's Board, strengthening collaboration and strategic alignment.
• Stanley Ventures participated in Tulip's $100M Series C funding, indicating strong investor confidence.

Negative

• None.

• Platform to provide digital manufacturing solutions for Stanley Black & Decker operations
• Jane Arnold, Vice President of Manufacturing Technology at Stanley Black & Decker, to join Tulip's Board of Directors

BOSTON, May 20, 2022 /PRNewswire/ -- Tulip Interfaces ("Tulip") announced today that Stanley Black & Decker (NYSE: SWK) has selected Tulip's Frontline Operations Platform to provide digital manufacturing solutions to all their factories around the world.

Stanley Black & Decker Selects Tulip for Global Operations

"Our partnership with Tulip helps drive long-term value creation," said Jane Arnold, Vice President of Manufacturing Technology at Stanley Black & Decker. "Deploying Tulip globally epitomizes our relentless commitment to best-in-class advanced manufacturing solutions and operations agility."

Stanley Black & Decker has been a Tulip customer since 2018 and has seen significant growth and value in its investment and expansion of its use of the platform across multiple sites. In support of the partnership, Stanley Ventures, Stanley Black & Decker's venture wing, joined Tulip's $100M Series C while STANLEY X, the company's innovation arm, will work with the teams to seek additional growth opportunities. In addition, Jane Arnold will join Tulip's Board of Directors as an observer.

On the collaboration, Natan Linder, Chief Executive Officer and co-founder of Tulip said, "This is a mutual investment in a long-term partnership between our two companies. The Stanley Black & Decker team is deeply committed to supporting their people. They are leaders in operational innovation, and I'm looking forward to seeing how they leverage Tulip to drive manufacturing excellence."

For Stanley Black & Decker, Tulip's platform aligns with their vision for the future of operational technology–a cloud-native platform with no code capabilities that enables the manufacturing workforce.

For more information on Tulip, visit: www.tulip.co. To learn more about Stanley Black & Decker, please visit: www.stanleyblackanddecker.com.

About Tulip Interfaces
Tulip, the leader in frontline operations, is helping companies of all sizes, across industries including pharmaceuticals, consumer packaged goods, industrial equipment, contract manufacturing, medical devices and others equip their frontline workforce – leading to improved productivity, higher quality, and increased efficiency. A spinoff out of MIT, the company is headquartered in Somerville, MA, with offices in Germany, and Hungary. It has been recognized as an MES Challenger on the 2021 Gartner Magic Quadrant for Manufacturing Execution Systems and is a World Economic Forum Global Innovator.

About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world's largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company's more than 60,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world's makers, creators, tradespeople and builders. The company's iconic brands include DEWALT^®, BLACK+DECKER^®, CRAFTSMAN^®, STANLEY^®, CUB CADET^®, HUSTLER^® and TROY-BILT^®. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com.

Media Contacts
Elise Jones
Head of Content, Creative & Experiences
elise.jones@tulip.co

Stanley Black & Decker Media Contact:
Brooke Withers
Public Relations Manager
Brooke.Withers@sbdinc.com 

View original content:https://www.prnewswire.com/news-releases/tulip-partners-with-stanley-black--decker-on-global-operations-platform-301552277.html

SOURCE Tulip Interfaces

FAQ

What is Tulip's partnership with Stanley Black & Decker about?

Tulip Interfaces will provide its Frontline Operations Platform for digital manufacturing solutions to Stanley Black & Decker's global factories.

Who is Jane Arnold in relation to Stanley Black & Decker and Tulip?

Jane Arnold is the Vice President of Manufacturing Technology at Stanley Black & Decker and will join Tulip's Board of Directors.

How long has Stanley Black & Decker been working with Tulip?

Stanley Black & Decker has been a Tulip customer since 2018.

What financial support did Stanley Ventures provide to Tulip?

Stanley Ventures joined Tulip's $100M Series C funding round.

What stock symbol represents Stanley Black & Decker?

The stock symbol for Stanley Black & Decker is SWK.