ANSYS Inc. reports $5.6 million contract with General Electric; GE leverages total solution advantages offered by ANSYS Inc.HOUSTON, Pa.--(BUSINESS WIRE)--Dec. 17, 1996--ANSYS Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANSS ANSS Advanced National Seismic System (USGS) ANSS American Nature Study Society ) today announced its expanding relationship with General Electric (GE) by formalizing a strategic $5.6 million enterprise-wide contract. GE, a longtime ANSYS ANSYS Analysis System Inc. customer, selected ANSYS(R) software as its preferred design analysis and optimization solution. "We have enjoyed a long and valuable relationship with General Electric and are delighted with their decision to standardize on ANSYS software products and related services," reports Peter J. Smith, ANSYS chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This order provides further evidence that our momentum as a total solution provider has a broad range of advantages for companies competing in a global marketplace. We are very pleased that General Electric has elected to implement ANSYS products and services as a means of enhancing their ability to produce high-quality products and reacting to their customers' requirements quickly." According to the contract, ANSYS will provide additional ANSYS licenses for distribution throughout GE worldwide with associated maintenance and support for the duration of the contract. GE also will obtain licenses of the ANSYS Connection for EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Unigraphics CAD software. Customer support will be primarily provided by ANSYS support distributor Computer-Aided Engineering Associates. The contract also provides for technical training opportunities. In addition, General Electric will become a member of the ANSYS Technical Review Board and Quality and Verification Program. ANSYS Inc. recognizes that increasingly more global manufacturers are becoming "virtual companies" by taking steps to enhance communications among product development teams and management. This strategy helps facilitate continuous and collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. among engineering teams, especially for groups working at remote sites. According to the ANSYS contract with General Electric, ANSYS will establish an ANSYS/GE webpage to enable GE engineers to communicate with other GE engineers, as well as with ANSYS technical development. This effort will assist GE engineers develop better products as well as foster an on-going technical dialogue between GE and ANSYS for the mutual benefit of both parties. ANSYS Inc. is committed to providing the most open and flexible analysis solutions to suit customer requirements for engineering software in today's competitive marketplace. ANSYS Inc. partners with leading design software suppliers to develop state-of-the-art CAD integrated products. A global network of ANSYS Support Distributors provides sales, support and training for customers. -0- NOTE TO EDITORS: ANSYS is a registered trademark of SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. IP Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ANSYS Inc. All other trademarks and registered trademarks are the property of their respective owners. CONTACT: ANSYS Inc. Laura Carrabine, 412/873-3079 www.ansys.com |
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