RealityWave partners with AVEVA at daratechPLANT2005
Collaborate together throughout the Plant Lifecycle
Cambridge, MA and Cambridge, UK - January 18, 2005 - RealityWave Inc. is pleased to announce that it will be exhibiting with its long term partner AVEVA Group plc, as a condominium partner within the AVEVA pavilion at daratechPLANT2005 in Houston, Texas, January 24-26, 2005. RealityWave will be demonstrating VizStream? And ConceptStation?, its leading edge technology for Lifecycle Information Management (LIM) and enterprise collaboration. RealityWave and AVEVA have maintained a close, successful, and growing partnership for several years. RealityWave's VizStream? Enterprise Platform is a core technology of AVEVA'S VANTAGE Enterprise NET? (VNET?). VNET is a unique engineering collaboration and integration platform with multiple worldwide installations including the recently announced Woodside Energy Ltd, in Australia, and CSPC Nanhai, in China. "RealityWave has been extremely pleased by the close and cooperative partnership we have enjoyed with AVEVA," said Rob Glasier, Vice President of RealityWave. "By participating within AVEVA at daratechPLANT2005 we have the opportunity to showcase our involvement with AVEVA's VNET, as well as demonstrate other facets of our technology, which provides significant ROI benefits to our customers, especially those in the process, power, & marine industries."
VANTAGE Enterprise NET (VNET) is an application-independent, web-enabled platform for collaboration and mark-up of engineering information. Through VNET, 3D models, schematics, documents and data from any application can be browsed in context and with full intelligence, giving the most comprehensive profile of plant data. For its users, it is the 'window on the world' for projects or plants, irrespective of tasks or discipline.
VNET represents the frontier of interactivity with the process and power industry. Through interaction with supply chains or operating living data warehouses there is an ability to weave the whole engineering enterprise into the world around it.
Companies, like AVEVA, especially users of large Mega-3D Models and associated data, look to RealityWave's leading edge technology for such strategic applications as Product and Project Lifecycle Management (PLM), and Enterprise Project Collaboration
(EPC).
AVEVA Group plc is one of the world's foremost and fastest-growing lifecycle engineering IT solutions and services providers to the oil and gas, paper and pulp, power, chemical, pharmaceutical and shipbuilding industries. Listed on the London Stock Exchange (LSE:AVV), the Group reported pre-tax profits for the year ended March 2004 of GBP 6.1 million on a turnover of GBP 38 million, a growth in turnover of 113% in five years.
The Group has a history of groundbreaking innovation that spans five decades. Serving over 1100 clients, AVEVA has a dominant position in many market sectors both on and offshore. In May 2004, the Group acquired Tribon Solutions AB, the market-leading shipbuilding solution company and now serves 75% of the world's top 20 shipbuilders.
The Group's clients include leading plant Owner Operators and engineering contractors such as 3M, ALSTOM Power, AMEC, BASF, China Huanqiu Contracting & Engineering Corporation, Daewoo Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), Dalian New Shipbuilding, Du Pont, Electricite de France, Halliburton, Hanjin Heavy Industries, Hitachi, Hudong Zhonghua Shipyard, Hyundai Mipo Dockyard, Hyundai Samho Heavy Industries, Kawasaki Heavy Industries, Kawasaki Shipbuilding Corporation, Krupp Uhde, Kvaerner, Merck, Mitsubishi Heavy Industries, Mitsui Engineering & Shipbuilding, North-West Electric Power Design Institute, Petronas Carigali, Samsung Engineering, Shanghai Waigaoqiao Shipbuilding, Shell, Sinopec Engineering Incorporation and STX Shipbuilding.
Headquartered in Cambridge, England, AVEVA Group plc and its operating subsidiaries currently employ more than 450 staff worldwide with offices in England, Australia, China, France, Germany, Hong Kong, India, Italy, Japan, KSA, Malaysia, Norway, Russia, Singapore, Sweden, South Korea and the USA.
RealityWave develops the leading Internet-architected platform powering Industrial Data Collaboration for PLM, plant/product/process/project lifecycle information management. RealityWave's patented VizStream? Platform enables the access, visualization, integration, and collaboration of Industrial Data, including complex 3D mega-data models, for web-based collaboration and communication applications. VizStream? Enables hierarchical streaming, allowing 3D graphics and models to be viewed, animated, refined, and configured, fast and efficiently, over any network connection. RealityWave's technology and products empower thousands of users worldwide to develop and use next-generation web-based Industrial Data Collaboration tools and services.
