Daewoo Heavy Industries & Machinery Ltd. Integrates Product Lifecycle Management Solutions from IBM and Dassault Systèmes to Enhance Product Development Platform

World Leader of machinery and manufacturing industry will leverage PLM solutions to consolidate and strengthen collaborative environment

Seoul, South Korea, and Paris, France – February 10, 2003 – IBM and Dassault Systèmes (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) today announced the signing of a new Product Lifecycle Management (PLM) solutions contract with Daewoo Heavy Industries & Machinery Limited (DHIM).

The newly acquired IBM PLM solutions will help DHIM enhance product development and consolidate collaboration environments with CATIA V5® and ENOVIA™ LCA (Lifecycle Applications) software developed by Dassault Systèmes. PLM technologies will enable DHIM to maximize efficiencies surrounding the development of products such as forklifts and passenger car engines, and exploit the collaboration features afforded by PLM solutions.

IBM Korea Global Services will provide counsel and deploy best practices that will ultimately reduce product development cycles by integrating processes including concept design, manufacturing and production. The ability of DHIM’s 3,000 employees to share design information in real time across the extended enterprise and with international partners and automotive manufacturing customers will gradually replace costly and time-consuming physical prototypes.

"The biggest objective of the project is to improve product competitiveness and establish a digital collaborative environment. We will be able not only to reduce the product life cycle but also cut costs drastically because of enhanced cooperation between departments and partners facilitated by the PLM solutions from IBM and Dassault Systèmes." said JaeGon Kim, Director, Central R&D Division, DHIM.

"A growing number of machinery and manufacturing companies are introducing PLM all across the world. IBM Korea and Dassault Systèmes have implemented many of those systems and will bring worldwide experience to meet DHIM's unique requirements." said JeMann Park, Manager, PLM Solutions, IBM Korea.

“The complementary strengths of CATIA, the world’s leading 3D product development solution, and ENOVIA, for collaborative data management, will enable DHIM to improve development processes and ultimately build better products," said Etienne Droit, executive vice president, Sales and Services, Dassault Systèmes. "These comprehensive PLM solutions will have a far-reaching impact on DHIM's performance by helping the company to innovate, optimize product lifecycle costs, and address new markets.”