HUNTSVILLE, Ala., Sept. 10, 2004 – The Process, Power & Marine division of Intergraph Corporation
The goal of the agreement is to further expand the value of IntelliShip in early design and asset lifecycle management to shipyards and ship owners. IntelliShip is a highly-advanced marine engineering, modeling and lifecycle information management environment.
Under terms of the agreement, Intergraph will expand sales efforts to market IntelliShip to shipyards for detailed design and will license a subset of IntelliShip to DNV Software, while DNV Software will manage sales of IntelliShip for detailed design in the Nordic and Baltic regions, Germany and Poland.
Importantly, DNV Software will build early design software on the IntelliShip technology and will exclusively sell the resulting products under the brand name Nauticus Early Design. The Nauticus Early Design software will perform early design functions of optimizing cost, safety and manufacturability of ships and offshore installations. DNV Software will also migrate its ship lifecycle engineering information management tools to the same technology base. The result will comprise a set of the companies’ products covering the entire ship lifecycle which will minimize data translation and enable seamless data handoff between lifecycle stages. All resulting software products will be specifically open to inclusion of class rules from any marine classification society.
The Intergraph IntelliShip (http://ppm.intergraph.com/marine) knowledge-based, integrated 3D modeling and 2D engineering software streamlines shipbuilding, appreciably lowering manpower and material costs and significantly reducing overall design and construction outlays and schedules. IntelliShip heralds the obsolescence of existing CAD-constrained, heavily customized ship design and engineering software.
Since 2002, Intergraph and DNV Software have worked together under a licensing, co-marketing and reseller agreement for integrating and marketing their respective technologies. These include Intergraph IntelliShip, related SmartPlant® software and lifecycle engineering information management tools and the DNV Software Nauticus Early Design and engineering information management lifecycle products.
Process, Power & Marine: Integrating the Engineering Enterprise
Process, Power & Marine (http://ppm.intergraph.com) is a provider of intelligent software and services enabling companies to integrate engineering information to promote profitability, improve operational excellence and safety and manage assets. The company helps clients bring together the people, work processes and advanced technology to create the global engineering enterprise. Built on a quarter century of experience, Process, Power & Marine supplies innovative lifecycle solutions for concurrent engineering design, construction and operation. Serving the process manufacturing, power generation, marine oil and gas and commercial shipbuilding markets, Process, Power & Marine is a division of Intergraph Corporation and is headquartered in Huntsville, Alabama, USA.
About DNV Software
Established in 1864, Det Norske Veritas (DNV) is an independent foundation with the objective of safeguarding life, property and the environment. DNV has a total of 5,800 employees and a network of 300 offices in more than 100 countries. DNV’s head office is in Oslo, Norway. DNV Software is a commercial software house within DNV specializing in developing innovative software solutions for design, construction, strength assessment, risk and information management for the global marine, offshore and process industries. For more information about DNV Software see www.dnvsoftware.com
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© 2004 Intergraph Corporation. Intergraph and SmartPlant are registered trademarks of Intergraph Corporation. Software and services prices, availability, functions, features and specifications subject to change without notice and are subject to United States export control laws and regulations. This news release contains forward-looking statements regarding future events subject to certain risks and uncertainties of Intergraph Corporation which are discussed in the company’s Form 10K filed with the SEC. Copies available upon request to Shareholder Relations, Intergraph Corporation, Huntsville, Ala. 35894 USA.
FOR FURTHER INFORMATION:
Tom Greer +1 256 730 3136
Tom.Greer@intergraph.com
Øystein Goksøyr +47 48 22 98 25
Oystein.Goksoyr@dnv.com
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Date: 2004-09-13