15th Jul 2005 09:59
AVEVA Group PLC15 July 2005 15 July 2005 AVEVA Group plc AGM statement AVEVA Group plc ("AVEVA"; stock code: AVV), the UK-headquartered internationalengineering software and services group, held its Annual General Meeting inCambridge today. All of the resolutions, as set out in the Notice of Meeting dated 8 June 2005,were approved by shareholders and Chairman Richard King made the followingstatement: "I am happy to report that since our results announcement, trading has continuedto be strong and in line with expectations. Our VANTAGE solutions continue toperform well particularly in our target sectors in the Asia Pacific region.Since the year-end, we have secured new contracts in many sectors especiallyoffshore, power and marine with companies including Samsung Heavy Industries,Daqing Petrochem Engineering Co., Xiamen Shipbuilding Industry and Deltamarine. In May, we announced the wider roll out of VNET. This represents a strategiccommitment by AVEVA to exploit an important market opportunity in IT engineeringinformation management solutions. We are making good progress in enhancing ourdevelopment, deployment and sales capacity and the customer response to thisinitiative has been encouraging. The Board remains confident that AVEVA will deliver another successful year." Enquiries: Aveva Group plc Tel: 01223 556 611 Richard Longdon, Chief ExecutivePaul Taylor, Finance Director Hudson Sandler Tel: 020 7796 4133Andrew HayesSandrine GallienJames Hill About AVEVA AVEVA Group plc is one of the world's foremost and fastest-growing lifecycleengineering IT solutions and services providers to the oil and gas, paper andpulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on theLondon Stock Exchange (LSE:AVV), the Group has grown consistently since 1967 onthe strength of pioneering engineering technology that protects the informationassets of its customers despite the changing nature of the IT industry. The Group's history of innovation spans five decades and has produced most oftoday's major engineering IT technologies. Serving over 1100 clients, AVEVA hasa dominant position in many market sectors both on and offshore. In May 2004,the Group acquired Tribon Solutions AB, the market-leading shipbuilding solutioncompany and now serves 80% of the world's top 20 shipbuilders. The Group's clients include leading plant owner operators and engineeringcontractors such as 3M, ALSTOM Power, AMEC, BASF, China Huanqiu Contracting &Engineering Corporation, Daewoo Heavy Industries, Daewoo Shipbuilding & MarineEngineering (DSME), Dalian New Shipbuilding, Du Pont, Electricite de France,Halliburton, Hanjin Heavy Industries, Hitachi, Hudong Zhonghua Shipyard, HyundaiMipo Dockyard, Hyundai Samho Heavy Industries, Kawasaki Heavy Industries,Kawasaki Shipbuilding Corporation, Krupp Uhde, Kvaerner, Merck, Mitsubishi HeavyIndustries, Mitsui Engineering & Shipbuilding, North-West Electric Power DesignInstitute, Petronas Carigali, Samsung Engineering, Shanghai WaigaoqiaoShipbuilding, Shell, Sinopec Engineering Incorporation and STX Shipbuilding. Headquartered in Cambridge, England, AVEVA Group plc and its operatingsubsidiaries currently employ more than 500 staff worldwide with offices inEngland, Australia, China, France, Germany, Hong Kong, India, Italy, Japan, KSA,Malaysia, Norway, Russia, Singapore, Sweden, South Korea and the USA. About VANTAGETM VANTAGE, the collective name for AVEVA's four-family plant lifecycle productsuite, offers proven, integrated and versatile solutions for engineering IT.Well known for its Plant Design Management System (PDMS), it also addresses datamanagement, project management, engineering design, visualisation, third partysoftware integration, procurement and connecting the business enterprise on acommon foundation. VANTAGE represents AVEVA's commitment to harnessing the bestof technology to answer the needs of good engineering and offers the engineeringworld's most advanced globally-distributed project work solution. VANTAGE isdeveloped upon a proven and evolving technology that has been deployed on majorglobal projects for over 25 years. About PDMSTM VANTAGE Plant Design Management System (PDMS) is a data centric,multi-disciplinary solution for 3D process plant design featuring applicationsand reference data for every engineering discipline. It differs fromconventional 3D approaches by not requiring a drawing engine, but producinggraphics directly from a single, coherent data model of the entire plant. Firstlaunched in 1976, PDMS's architecture was designed to evolve: it has done sothrough many leading operating systems during the progress of the IT industry.The system offers compatibility with all previous versions and many otherleading industry systems. For further information, please contact AVEVA through www.aveva.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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