ParallelGraphics Names Sumitrade as the Exclusive Distributor of its Virtual Manuals Solution For the Japanese Market

Dublin, Ireland/Moscow, Russia - 7 December, 2004 -- ParallelGraphics, a leader in the field of 3D-based graphical data management solutions, today announced the signing of an exclusive distributorship agreement with Sumitrade to promote its Virtual Manuals solutions in the Japanese market. ParallelGraphics develops interactive 3D-powered simulations used by some of the world's best-known manufacturing companies in their maintenance and training support activities.

Sumitrade, as ParallelGraphics' partner in Japan, will market, sell and support the whole range of Virtual Manuals related products and services. The Virtual Manuals Enterprise Platform from ParallelGraphics is an open standard solution that enables companies to combine their existing 3D CAD and PDM (Product Data Management) data with their operating, procedural and training manuals to automatically generate Web-deliverable interactive 3D content. The Virtual Manuals solution includes custom 3D simulations development, maintenance guides, training and IPC (Interactive Parts Catalogs) authoring tools.

"Our technology has been adopted by a number of large manufacturing companies in Europe and the US but we have yet to specifically target the large Japanese market for our Virtual Manuals product. With Sumitrade as our exclusive distributor, we can finally introduce our top-level solutions to the world's leading high-tech market," said George Pachikov, CEO, ParallelGraphics.

Since early 1980's there has been a growing demand in the Japanese IT market for technologies related to spatial data processing and 3D-design. Sumitrade will target this market with the range of products and solutions from ParallelGraphics.

"ParallelGraphics' products have a variety of potential applications in the Japanese market. To date the knowledge and utilization of VRML technology in Japan has been limited to a few educational institutions and municipal organizations where VRML was primarily used as an effective representational technology. We believe that our combined efforts will significantly help in introducing both 3D/VRML technology and ParallelGraphics' VM solution to a wider number of Japanese companies," said Keiji Takigawa, deputy director, Sumitrade.

About ParallelGraphics 

ParallelGraphics is a world leader in the provision of Web3D graphics solutions with a proven track record of innovation and development over the last decade. The company's technologies and tools have been used widely in providing online training solutions, remote user support, virtual manuals for technical maintenance, and interactive applications for design and modeling. The Company's list of clients includes Boeing, NASA, Ford, and the European Space Agency amongst others. ParallelGraphics is headquartered in Dublin, Ireland with the R&D center in Moscow. 

www.parallelgraphics.com

About Sumitrade 

Sumitrade is the Russian subsidiary of Sumitomo Corporation, one of Japan's largest integrated trading companies. Since its foundation in 1996, Sumitrade has been continuously expanding its business band is involved in the export and import of various products such as consumer goods, chemicals, non-ferrous metals, steel pipes, and technology. Sumitrade offers custom software development and R&D services to customers in Japan by utilizing a huge pool of Russian engineers. Sumitrade is also known in Japan as an exporter of Russian software technologies and products with a primary focus on GIS and Spatial Data Processing.

http://sumitrade.ru/japanese/general_info.htm (Japanese)

www.sumitomocorpeurope.com