Nissan Selects SDRC's I-DEAS Master Series; Multi-Year Agreement Worth More Than $12 Million.MILFORD, Ohio--(BUSINESS WIRE)--April 17, 1995--Structural Dynamics Research Corporation Dynamics Research Corporation (NASDAQ: DRCO) is a United States-based publicly held defense contractor. DRC was founded in 1955 by a small group of engineers from the Charles Stark Draper Laboratory of the Massachusetts Institute of Technology. (Nasdaq:SDRC (company) SDRC - The company behind VGX. http://sdrc.com/. ) today announced the signing of a new development and licensing agreement with Nissan Motor Company, Ltd. Under the terms of the agreement, SDRC's I-DEAS Master Series(TM) software has been selected as the core technology for Nissan's next generation software system for automotive mechanical component design, concurrent engineering, and manufacturing. In addition to the software, SDRC will also provide product development and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to Nissan. The total value of the agreement is in excess of $12,000,000.00 (twelve million dollars) over a three-year period, of which $2,250,000.00 was recognized in the first quarter of 1995.00 SDRC has also agreed to work out a seperate agreement with Nissan Systems Development, Ltd., NISD NISD Northside Independent School District NISD National Institute of Steel Detailing NISD National Institute of Social Defence (India) NISD Natural Interactive Services Division (Microsoft) (a joint venture company owned by Nissan and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Japan), granting NISD the right to distribute I-DEAS Master Series as part of the Nissan software system called RAlpha CADS to Nissan suppliers in Japan ``We are delighted to make this announcement, which further extends SDRC's long-standing relationship with Nissan, one of the world's leading automakers,'' said Al Peter, SDRC's president and chief executive officer. ``This is a significant order for I-DEAS Master Series from a major automotive manufacturer, and is further evidence of the underlying strength of our technology. I-DEAS Master Series 2.0 uniquely supports a team or concurrent engineering approach to product development and is one of the easiest to use and most functionally-rich products for engineering design on the market today.'' ``Nissan selected the I-DEAS Master Series product for several reasons. I-DEA Master Series has an advanced solid modeling kernel The nucleus of an operating system. It is the closest part to the machine level and may activate the hardware directly or interface to another software layer that drives the hardware. and a tightly-integrated analysis system. Also, the `open' nature of the I-DEAS product architecture will enable Nissan and SDRC developers to integrate unique Nissan applications technology into the core SDRC system,'' said Noboru Miura, executive managing director of the Nissan Corporation. ``We believe that SDRC's software and consulting expertise will help us achieve significant innovation in our engineering and manufacturing processes and help us to further reduce our cycle time for product development.'' SDRC has been supplying software and services to Nissan since the mid-1970's. In 1989, Nissan and SDRC founded a joint venture company in Japan, called ESTECH Corporation, which provides engineering services focused on the application of SDRC's mechanical design automation technology in the design of new products at Nissan and other leading companies in Japan. In addition, Nissan has designated SDRC as its preferred vendor for mechanical design automation software on a worldwide basis. Nissan Motor Company, Ltd., established in 1933 is a pioneer in the manufacturing of automobiles in Japan. Headquartered in Tokyo, Nissan is one of the world's leading manufacturers with approximately 3.4 trillion yen in annual revenues. SDRC is a leading international supplier of mechanical design automation software and product data management software and implementation services. The Company's products and services help manufacturers to optimize optimize - optimisation product concepts early in the design process, enabling them to significantly improve product quality while reducing product development time and cost. SDRC employs more than 1,070 people and has 61 offices in 15 countries throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and the Asia/Pacific region. Note to Editors: SDRC is a registered trademark, and I-DEAS and I-DEAS Master Series are trademarks of Structural Dynamics Structural dynamics is a subset of structural analysis which covers the behaviour of structures subjected to dynamic loading. Dynamic loads include people, wind, waves, traffic, earthquakes, and blasts. Any structure can be subject to dynamic loading. Research Corporation. All other trademarks are the property of their respective holders. CONTACT: SDRC, Milford Don Newman Don Newman, C.M. LL.D is the senior parliamentary editor for CBC Television. He is also the host of CBC Newsworld's daily politics program . Originally from Winnipeg, Newman began his career at CTV where he served as the network's Washington correspondent from 1972 until ,Vice President, 513/576 2469 |
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