Inelectra Signs Master Purchase Agreement with Intergraph Process, Power & Offshore.Business Editors/High-Tech Writers HUNTSVILLE, Ala.--(BUSINESS WIRE)--Jan. 12, 2004 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) today announced that the corporate subsidiary, Intergraph Servicios de Venezuela C. A., has signed a master purchase agreement to supply engineering design software to Inelectra S. A., Venezuela's largest engineering and construction firm. Under terms of the contract, Intergraph will supply Inelectra with additional licenses for the Plant Design System (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)) as well as licenses for unlimited use of software including SmartPlant(R) P&ID, SmartPlant Review, SmartPlant Electrical, SmartPlant Explorer, INtools(R), Pelican Forge SupportModeler(TM) and SupportManager(TM) and SmartSketch(R) (ppo.intergraph.com/products.asp). Inelectra plans to use the software in its Caracas, Puerto La Cruz Puerto la Cruz, city (1990 pop. 69,556), NE Anzoátegui state, NE Venezuela, on the Caribbean Sea. Puerto la Cruz is a center for the storage, refining, and shipping of petroleum. and Maracaibo engineering offices in addition to its many project sites. Supports Inelectra's Expansion Inelectra President Antonio Jose Vincentelli said, "This new business arrangement with Intergraph offers Inelectra opportunity to expand its use of these world standard tools. It provides a way to standardize software and optimize our work processes. The software also allows Inelectra to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its extensive knowledge of Intergraph tools by supporting our customers' downstream operational and maintenance use of the valuable data created in the engineering and construction phase." "An experienced Intergraph user for many years, Inelectra is Venezuela's largest engineering and construction firm with operations in Colombia and Argentina," said Tom Doran Thomas J. Doran [Long Tom] (December 2, 1880 - June 22, 1910) was backup catcher in Major League Baseball who played from 1904 through 1906 for the Boston Americans (1904-1905[start], 1906) and Detroit Tigers (1905[end]). Listed at 5' 11", 152 lb. , vice president, Americas Business Unit, Intergraph Process, Power & Offshore. "The master purchase agreement helps support Inelectra's continuing expansion into new markets in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , the Caribbean and the 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. . The company has a clear objective of providing more value to its customers by improving project execution and streamlining handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. of plant information to clients." For the last eight years, Inelectra and Intergraph have worked together to develop solutions for Inelectra design requirements while building the largest PDS-based design platform in Venezuela. The relationship began in 1995 with development of ACOGAS, a cryogenic deep liquids gas extraction plant for PDVSA PDVSA Petroleos De Venezuela, SA in Maturin, eastern Venezuela and the propane propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. splitter for Profalca at the Cardon refinery, Paraguana, western Venezuela. Recently, Inelectra used PDS to perform the complete detail engineering design in Caracas of a 190,000 barrel per day crude unit, part of the Hamaca Upgrader Project in a joint venture with Fluor Daniel for Petrolera Ameriven, eastern Venezuela. About Inelectra Inelectra (www.inelectra.com) is an engineering and construction firm serving Venezuela, Latin America and the United States. Since 1968, the company has established a track record of more than 1,500 successful industrial projects spanning oil and gas, petrochemicals, electrical generation and transmission, transportation and railroads, metals and mining, pulp and paper, chemicals, general manufacturing and related industries. Inelectra is headquartered in Caracas, Venezuela, employs more than 1,300 people and is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified. About Intergraph Process, Power & Offshore Intergraph Process, Power & Offshore enables customers to create, capture and manage plant information as a strategic asset by providing integrated life cycle software for the engineering, design, construction and operation of process and power plants, offshore oil and gas facilities and commercial ships. Core brands include SmartPlant(R) and PDS(TM) for plant design, IntelliShip(TM) for marine design, SmartPlant Foundation for lifecycle engineering information management and MARIAN(R) for materials, procurement and supply chain management. Backed by a quarter century of industry experience, Intergraph Process, Power & Offshore (ppo.intergraph.com) 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 700 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, SmartPlant and SmartSketch are registered trademarks and PDS is a trademark of Intergraph Corporation. SupportModeler and SupportManager are trademarks of Pelican Forge, a wholly-owned subsidiary of Intergraph. Other brands and product names may be trademarks of their respective owners. (C) 2004 Intergraph Corporation. Software prices, availability, functions, features and specifications subject to change without notice. Software and services subject to United States 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 Process, Power & Offshore press releases: ppo.intergraph.com/press/prsubscribe.asp Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; the quarterly Insight magazine: ppo.intergraph.com/insight/subscribe.asp |
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