27th Nov 2007 12:06
AVEVA Group PLC27 November 2007 AVEVA releases latest product range at new Shanghai office November 26, 2007, Shanghai - AVEVA (LSE: AVV), the leading supplier ofengineering IT systems for the plant and marine industries, released its latestproduct portfolio - AVEVA Marine here today. This portfolio includes a range ofdesign and production tools that are integrated with open project lifecyclemanagement solutions. Coinciding with the release was the opening ceremony of AVEVA China MarineDivision's new office and the signing of a multimillion USD license agreementwith Sinopacific Shipbuilding Group Co., Ltd. Representing Sinopacific was company chairman and CEO, Simon Liang. Sinopacificwill be investing in AVEVA's set of marine design and engineering solutions -AVEVA Marine and AVEVA NET. This agreement was signed on the same week as AVEVAreleases AVEVA Marine, therefore Sinopacific being the first customer in Chinaadopting this engineering solution. At the function, Richard Longdon, Chief Executive of AVEVA Group, said: "AVEVA is dedicated to playing a part in increasing China's shipbuildingcapabilities. Our solutions, namely AVEVA Marine have been the result of manyyears of shipbuilding and offshore engineering development and collaborativepartnerships with industrial leaders. AVEVA believes that China's shipbuildingindustry will stand to gain from AVEVA Marine's cutting-edge technologies whichhave been proven in 18 of the world's top 20 shipyards." Peter Finch, President, AVEVA Asia Pacific, said: "AVEVA's expansion here is in line with China's rise in shipbuilding. As theindustry grows, we continue to welcome new customers such as SinopacificShipbuilding Group Co., Ltd. on board. Our relocation to the new office willprovide more space for specialist support services, training needs and othercustomer requirements." -END- For further information, please contact: Youli HooiAVEVA Asia PacificTel: +603 2176 [email protected] AVEVA Marine portfolio AVEVA Marine combines two 'best in class' solutions - the industry-standardTribon range and AVEVA's unique object-based technologies and outfitting designapplications - to form the ultimate set of marine design and production tools.Combining these proven capabilities and adding numerous productivity-enhancingnew features, AVEVA Marine offers risk-free business advantage in a competitiveindustry. http://www.aveva.com/marine About AVEVA Group plc 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 reported pre-tax profits for the yearended March 2007 of GBP 24.7 million on revenues of GBP 94.9 million. The Grouphas grown consistently since 1967 on the strength of pioneering engineeringtechnology that protects the information assets of its customers from thevolatile 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 1600 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 85% of the world's top 20 shipbuilders. The Group's clients include leading plant owner operators, shipbuilders andengineering contractors such as Aibel, Aker Kvaerner, ALSTOM Power, Andritz,Areva NP, BAE Systems, BASF, BP, CB&I, Chevron, China National Nuclear, ChinaPower Engineering Consulting Group Co. (CPECC), CNOOC Offshore Oil Engineering,Daewoo Shipbuilding & Marine Engineering, ExxonMobil, Hyundai Heavy Industries,Jacobs, Mitsubishi Heavy Industries, Petrofac, Product Services Network (PSN),SBM, Shell, Sinopec Engineering, SNC-Lavalin, TKMS - Thyssen Krupp MarineSystem, Uhde, VT Shipbuilding, Wood Group (Alliance & Mustang) and WorleyParsons. Headquartered in Cambridge, England, AVEVA Group plc and its operatingsubsidiaries currently employ more than 700 staff worldwide with offices inEngland, Australia, Canada, China, France, Germany, Hong Kong, India, Italy,Japan, Malaysia, Mexico, Norway, Russia, Saudi Arabia, Singapore, Sweden, SouthKorea and the USA. www.aveva.com (c) AVEVA Solutions Ltd and its subsidiaries 2007. All product names mentionedare the trademarks of their respective holders. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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