Aker Kvaerner Signs Global Software Agreement with Intergraph Process, Power & Offshore.Business Editors/High-Tech Writers DaratechPLANT 2003 HOUSTON--(BUSINESS WIRE)--Jan. 28, 2003 Aker Kvaerner has signed a global software agreement with the Process, Power & Offshore division of Intergraph Corporation (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 : INGR). Under terms of the agreement, Intergraph will supply unlimited licenses for global use of its design and engineering software including PDS (1) (Processor Direct Slot) A single expansion slot on certain, early Macintosh models that was used to connect high-speed peripherals as well as additional CPUs. Providing a channel directly to the CPU, the PDS coexisted with NuBus slots on some models. (TM) (Plant Design System) and the SmartPlant(R) suite. Aker Kvaerner will use the software to support the worldwide engineering, design, construction and start up of process plants. Software covered under the agreement includes PDS for integrated 3D engineering design; INtools(R) for instrumentation and control systems engineering; SmartPlant P&ID for creation of intelligent piping and instrumentation diagrams A piping and instrumentation diagram/drawing (P&ID) is defined by the Institute of Instrumentation and Control as follows:
electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. ; SmartPlant Explorer for Web access to engineering information; SmartPlant Review for 3D visualization Using the computer to convert data into picture form. The most basic visualization is that of turning transaction data and summary information into charts and graphs. Visualization is used in computer-aided design (CAD) to render screen images into 3D models that can be viewed from all ; and SmartSketch(R) for cost-effective 2D drafting. All Aker Kvaerner business units except shipbuilding will have unlimited access to the Intergraph software. The Huntsville, Ala.-based Intergraph announced the Aker Kvaerner transaction at DaratechPLANT 2003, the world's foremost event for process plant design and engineering IT. Anne-Cecilie Fagerlie, senior vice president, Group Information Technology, Aker Kvaerner, said, "Aker Kvaerner companies have for years used a variety of Intergraph software. Global, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. access to the software will help enable Aker Kvaerner to derive maximum benefit and flexibility for meeting project needs." Ben Eazzetta, executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Intergraph Process, Power & Offshore, said, "The global agreement is a consolidation of Intergraph's long term relationships with Aker Maritime and the Kvaerner Group. The contract represents Aker Kvaerner's confidence in Intergraph and ensures global availability of resources to help the group produce high-quality designs for its customers worldwide." About Aker Kvaerner Aker Kvaerner (www.kvaerner.com/group) is an international engineering, construction and services organization. The group provides innovative, cost-effective technology solutions for the hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen , process and maritime industries. Aker Kvaerner's business focus includes oil and gas, engineering and construction, pulp and paper and shipbuilding. The group has annual revenues exceeding $6 billion (U.S) and employs about 34,000 people in more than 30 countries throughout Europe, Africa, Asia and the Americas. The group's predecessor companies, Aker Maritime and Kvaerner ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , merged in 2002. About Intergraph Process, Power & Offshore With nearly a quarter century of industry experience, Intergraph Process, Power & Offshore enables customers to create, capture and manage plant information as a strategic asset by providing integrated life cycle solutions for the engineering, design, construction and operation of process and power plants as well as offshore oil and gas facilities. Core brands include the SmartPlant(R) and PDS(TM) (Plant Design System) suites, the SmartPlant Foundation lifecycle engineering information management and MARIAN(R) materials, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and supply chain management solutions. Intergraph Process, Power & Offshore (www.intergraph.com/ppo) is the acknowledged global leader in the plant creation market (Source: Daratech Inc.). A division of Intergraph Corporation, Process, Power & Offshore is headquartered in Huntsville, Ala. USA, employs more than 800 people and does business in more than 60 countries. Intergraph Corporation common stock trades on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol: INGR. Intergraph, the Intergraph logo, INtools, SmartSketch and SmartPlant are registered trademarks and PDS is a trademark of Intergraph Corporation. Other brands and product names may be trademarks of their respective owners. (C) 2003 Intergraph Corporation. Software prices, availability, functions, features and specifications subject to change without notice. Software and services subject to United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. export control laws and regulations. Any prices quoted are in United States dollars and subject to applicable taxes and international currency exchange rates. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events that are subject to risks and uncertainties. Certain risks and uncertainties of Intergraph Corporation are discussed in the company's Form 10K filed with the Securities and Exchange Commission. Copies are available without charge upon written request to Shareholder Relations, Intergraph Corporation, Huntsville, Ala. 35894 USA. NOTE TO EDITORS: Register to receive all Intergraph Process, Power & Offshore press releases: http://www.intergraph.com/ppo/press/prsubscribe.asp |
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