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RealityWave and Hitachi Zosen Information Systems Join Forces to Bring 3D Design and Manufacturing Collaboration to Japan.

Business/Technology Editors

CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 24, 2001

HZS and RealityWave Sign Deal with Event at RealityWave World

Headquarters

RealityWave Inc., developer of the leading Internet-architected platform powering 3D collaboration, today announced an agreement to partner with Hitachi Zosen Information Systems (HZS), a leading Japanese system developer and system integrator in design, manufacturing, engineering and more. HZS will resell ConceptStation(TM), the web-based interactive collaborative environment, throughout its Japanese distribution. As part of the agreement HZS is also localizing ConceptStation for the Japanese market and will be integrating RealityWave's patented VizStream technology into its own design products. The agreement was officially signed at an event held on July 23, 2001 at RealityWave World Headquarters.

HZS is a leading CAD/CAM/CAE provider in the Japanese market. HZS provides a complete solution to its customers by integrating its Space-E CAD/CAM product with the best of breed products from around the world. HZS came to RealityWave for a solution that enabled Web collaboration without compromises in time, design integrity, or workstation performance. ConceptStation creates a unique collaboration solution, allowing users to participate in a centralized and secure product design environment.

"Our main goal at HZS is to help increase our customers productivity and work success," said HZS president, Eiken Fukutake. "True collaboration is the next step for our customers, whether in design, manufacturing, or construction. We are happy to begin our relationship with RealityWave and to localize ConceptStation for the demanding Japanese market."

"The call for collaboration, and the technology to enable it, is being heard throughout the world," said RealityWave president and CEO, Bard Salmon. "HZS has a rich tradition of supplying its customers with the best in solutions and the latest in technology. ConceptStation has enjoyed tremendous success in the US and Europe and now through our relationship with Hitachi Zosen Information Systems we expect to see similar results in Japan and beyond."

At the agreement signing event on Monday was Director of International Marketing for Massport, David Callahan, who stated, "One of our top priority's at Massport is to secure a direct flight service between Japan and Boston. RealityWave is another example of a New England based company with great business success in Japan."

About Hitachi Zosen Information Systems

HZS is part of the Hitachi Zosen Group comprising 81 subsidiary and affiliated companies. HZS was founded in 1977 by spinning off the Information Systems Dept. of Hitachi Zosen Corp. HZS has expanded its product offerings into a wide range of fields, encompassing CAD/CAM/CAE, CAPE, Plant Systems, GPS/GIS, Education Systems and Business Systems.

About RealityWave Inc.

RealityWave powers interactive 3D for enterprise solutions. The use of 3D over the Internet is increasing through the licensing of RealityWave's patented technology, VizStream, and the products it builds based on the VizStream

Platform. VizStream enables hierarchical streaming, allowing 3D graphics and models to be viewed, animated, refined, and configured, fast and efficiently, over any network connection. RealityWave's technology and products empower companies worldwide, including Autodesk, Bentley Systems, Beacon Medical, Centric Software, Hitachi Zosen Information Systems, IntraTECH, Lexent, SolidWorks, SRAC, SWECO, Tecnomatix Technologies, and UGS, to develop and offer next-generation web-based 3D tools and services. For more information, visit the RealityWave web site at www.realitywave.com, or call (617) 864-5010.

RealityWave, VizStream, ConceptStation, and the RealityWave logo are trademarks of RealityWave Inc. Other brands and product names are trademarks of their respective owners.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 24, 2001
Words:566
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