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BAE SYSTEMS and EPM Technology join forces for NOK 120 million IT dealPublished 2000-04-23
Visual-iSE the future: EPM Technology (EPMT) has signed a collaboration agreement with BAE SYSTEMS to develop and commercialise an advanced IT tool for engineers. The finished product is expected to generate sales of at least NOK 120 million for EPMT over the next three years. The company's IT tool is already used in the development of Eurofighter aircraft.
The European consortium behind the Eurofighter has used EPM Technology's Express Data Manager software for a year and a half. The software is used to send and share product data and material information such as CAD/CAM/PDM and other data between the manufac-turers of the advanced fighter aircraft. Eurofighter is Europe's largest defence industry co-operation project, and the various parts of the aircraft are manufactured in four different countries. BAE SYSTEMS has also used EPMT's software this last year for the development of new technology in the field of integrated systems engineering. Now the companies are establishing a common development project to design a new end-user tool for engineers, Visual-iSE, which will be owned and marketed by EPMT. The goal is to complete the development of a commercial product in the course of 12 months. The value of this one-year project is NOK 8 million. BAE SYSTEMS is also investing the results from several years of research in this project. The Norwegian Industrial and Regional Development Fund (SND) will be supporting this project with funding of NOK 2 million. The finished product will have a great potential for success in the aircraft, car and process industries throughout the world. It is expected that the product will give EPMT at least NOK 120 million in increased sales over the next three years. The long-term potential is significantly greater.
Taken at the signing of the Visual-iSE contract, from left to right: Dominic Diston, Jon Sorenson, Mark Taylor, Hans Karsten Dahl, Lambert Dopping-Hepenstal, Kjell Bengtsson, Brian Lodge and Martin Elbourne. BAE SYSTEMS was formed in November 1999 following the merger of British Aerospace and Marconi Electronic Systems.
"We are very satisfied with the agreement with EPM Technology concerning deliveries to Eurofighter. The contract with BAE SYSTEMS is of great importance. Normally the four participating countries use the same processes, software and services. The suppliers of such products to one of the companies will find corresponding business opportunities in the other partner companies", says Director Andrew Lewis of Eurofighter International.EPM will provide a Visualisation of integrated Systems Engineering that will:
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