Intergraph Corporation and Det Norske Veritas Software Sign Marine Design Software Reseller and Joint Marketing Contracts.Business Editors & Technology Writers HUNTSVILLE, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Aug. 23, 2002 Det Norske Veritas Det Norske Veritas or DNV is a Norwegian company established in 1864. DNV is an independent foundation whose its objectives are "Safeguarding life, property, and the environment" and is a leading provider of services for managing risk. Software (DNVS DNVS Defense National Visitor's System ) has signed a $3.9 million (U.S.), five-year package of agreements with Intergraph Corporation (Nasdaq:INGR) for marine design software distribution, licensing and joint marketing. Under terms of the contracts, DNVS will resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. Intergraph Process, Power & Offshore advanced marine design applications to the global shipbuilding industry Noun 1. shipbuilding industry - an industry that builds ships industry - the people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications" shipbuilder - a business that builds and repairs ships except for the U.S. military market. Additionally, Intergraph will license its SmartPlant(R) platform technology to DNVS. The DNVS Nauticus software will be combined with the Intergraph Process, Power & Offshore next-generation ship design software to create integrated applications aimed at dramatically improving ship design and construction productivity. Intergraph Process, Power & Offshore and DNVS will also cooperatively develop and carry out marketing strategies to support sales of their respective products in the global shipbuilding, offshore oil and gas, process manufacturing The manufacturing industry that uses process control systems. See process control. and power generation industries. DNVS and Intergraph Process, Power & Offshore will first concentrate on detailed ship design applications and classification tools, followed by comprehensive product offerings for the offshore oil and gas industry, particularly for floating production storage and offloading A Floating Production, Storage and Offloading vessel (FPSO; also called a "unit" and a "system") is a type of floating tank system used by the offshore oil and gas industry and designed to take all of the oil or gas produced from a nearby platform (s), process it, and store (FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office ) vessels and topsides. Under an agreement with the Global Research and Development Co. Inc. (GRAD) consortium, Intergraph Process, Power & Offshore is continuing development of the advanced shipbuilding software for design of commercial and military vessels. GRAD, headquartered in Hampton, Va., represents several major, worldwide shipbuilders. Intergraph's new shipbuilding software shares core and application technology with its SmartPlant 3D product suite and aims to streamline shipbuilding processes, lower manpower and material costs and reduce the time to design and construct world-class vessels. Technology Preview Offered at ICCAS ICCAS Institute for Cuban and Cuban-American Studies ICCAS International Conference on Control, Automation and Systems ICCAS Institute of Chemistry, Chinese Academy of Sciences ICCAS Innovation Center Computer Assisted Surgery 2002 DNVS and Intergraph Process, Power & Offshore will present a technology preview of the advanced shipbuilding software at the 11th International Conference on Computer Applications in Shipbuilding (ICCAS), Sept. 9 - 12, Malmo, Sweden. Prospective customers and members of the press are invited to register at the DNVS exhibition booth for technology preview sessions. Agreements Enable Revolutionary Technology Elling Rishoff, managing director, Det Norske Veritas Software, said, "The DNVS and Intergraph agreements bring together formidable capabilities of the leading engineering software developers and shipbuilding technologists. Historically, this is the first time such ship design software has been developed for and by ship builders themselves in cooperation with a leading software vendor." Gerhard Sallinger, president, Intergraph Process Power & Offshore, said, "The Intergraph and DNV DNV Det Norske Veritas DNV Dirección Nacional de Vialidad (Argentina) DNV District of North Vancouver (British Columbia, Canada) DNV Der Norske Veritas collaboration will enable revolutionary new approaches to the business of designing and building ships and offshore petroleum facilities including FPSOs. It combines and focuses the best skills and technology available to create a true step change improvement in productivity for design and construction of vessels and marine structures." Torben Andersen, chairman of the board of directors, Global Research and Development Co. Inc., said, "The Intergraph, DNVS and GRAD vision is to use this next generation technology to facilitate automation of a maximum amount of design and production engineering activity. Shipyards and offshore engineering firms can 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>. these capabilities to significantly increase their efficiency and competitiveness. GRAD also believes there are large downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). benefits possible for owner-operators through use of this integrated new technology." About DNV Software DNV Software (www.dnv.com/software) is an independent business unit of Det Norske Veritas, the leading Norwegian international provider of services for risk management. Established in 1864, Det Norske Veritas is an independent foundation with the objective of safeguarding life, property and the environment and is a major international provider of services for managing risk. DNV Software is among the global market leaders in software development for design, strength assessment and risk and information management. The company has more than 3,000 clients in 55 countries within the maritime, offshore and process industry sectors. About Intergraph Process, Power & Offshore With more than 23 years' 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. Flagship brands include the SmartPlant(R) and 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) suites and the SmartPlant Foundation lifecycle engineering information management solutions. Intergraph Process, Power & Offshore (www.intergraph.com/process) 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 and SmartPlant are registered trademarks of Intergraph Corporation. Other brands and product names may be trademarks of their respective owners. (c)2002 Intergraph Corporation. Software prices, availability, functions, features and specifications subject to change without notice. Any prices quoted are in 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. dollars and subject to applicable taxes and international currency exchange rates. Software distribution and licensing as defined by the signed agreements between Intergraph Corporation and Det Norske Veritas AS is subject to United States export compliance law. Information contained in this news release includes statements that are forward-looking as defined in Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the 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. . Copies of financial statements are available without charge upon written request to Shareholder Relations, Intergraph Corporation, Huntsville, Ala. 35894. 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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