Engineous Software Key Member of The Federated Intelligent Product Environment Team.Business Editors &High Tech Writers MORRISVILLE, N.C.--(BUSINESS WIRE)--Feb. 9, 2000 iSIGHT Software and Engineous Expertise Add Value to Multi-Year, Multi-Million Dollar Project Engineous Software, Inc., provider of award-winning design exploration and optimization iSIGHT software, announces its participation in a $21.5M program with $10.5M funding support from the National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. )'s Advanced Technology Program. The Federated Connected and treated as one. See federated database and federated directories. Intelligent Product Environment (FIPER FIPER Federated Intelligent Product Environment ) project, a joint venture with BF Goodrich Aerospace Aerostructures Group (Chula Vista Chula Vista (ch `lə), city (1990 pop. 135,163), San Diego co., S Calif., on San Diego Bay; inc. 1911. , CA), General Electric Aircraft Engines (Cincinnati, OH) together with GE Corporate Research and Development (Niskayuna, NY), Ohio University Ohio University, main campus at Athens; state supported; coeducational; chartered 1804, opened 1809 as the first college in the Old Northwest. There are additional campuses at Chiillicothe, Lancaster, and Zanesville, as well as facilities throughout the state. (Athens, OH), and Parker Hannifin Parker Hannifin Corporation (originally Parker Appliance Company) NYSE: PH, of Cleveland, Ohio, is a manufacturer of motion and control technologies. Founded in 1924, the company has been publicly traded on the NYSE since December 9, 1964. Corp. (Mentor, OH), will develop and demonstrate broadly applicable technologies to transform product design processes. The goal is to create an open software environment accessible across platforms and locations that would make the product design process concurrent with manufacturing. Successful implementation of the technologies and methodologies brought about by the FIPER team will result in reductions in product development and manufacturing costs and time to market, as well as product quality improvements. Engineous Software, Inc. will serve as the commercialization agent for the output of the FIPER project. From the start of the project, Engineous will be involved with most of the development efforts, particularly those relating to the software architecture and design services that will include multidisciplinary optimization, design of experiments, six-sigma design, approximations, and other technologies. This extensive participation will allow for a successful transition from proof-of-concept to commercialization. Engineous will retain sole commercialization rights of the technology developed under this program. Siu Tong, Engineous president, says, &uot;Our strategy and technology are parallel with the goals and objectives of the FIPER program. Engineous Software's iSIGHT technology is a software shell that automates the tedious, repetitious rep·e·ti·tious adj. Filled with repetition, especially needless or tedious repetition. rep e·ti task of running programs. The software applies user-defined and manufacturing knowledge with state-of-the-art design exploration techniques as it executes simulation and analysis faster. This phenomenon leads to significantly lower product costs and increased overall product performance.&uot; FIPER will be an open software environment distributed across platforms and locations offering Web-based services that can be used in designing and making a broad range of products. Among the planned innovations, technology will be developed that links product requirement analysis to product geometry and automates design tasks. A central challenge will be to design an architecture that can fully integrate proprietary tools, including three leading computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive (CAD) platforms. In addition, knowledge-based systems will be designed to automatically revise component geometry in response to analyses of cost, performance, and producibility issues, which will be integrated into the knowledge base. Initial FIPER demonstrations will focus on a jet engine, nacelle nacelle (nəsĕl`): see airplane. (shelter structure for the engine), and fuel nozzle. The project is administrated by the Ohio Aerospace Institute (Cleveland, OH) and is expected to last four years. FIPER was one of only 40 projects selected for award from the 437 proposals received in 1999 NIST Advanced Technology Program About Engineous Software, Inc. Engineous Software, Inc. is based in Morrisville, NC. Leading Fortune 100 manufacturers in the aerospace, automotive, electronics, and other industries uses its iSIGHT product. In 1997, Engineous' iSIGHT product was selected by Industry Week as one of the world's top 25 new technologies. Engineous Software has sales offices in the US and Europe, and 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. in Japan. |
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