Woodland Hills, CA,—March 31, 2008—Dassault Systèmes (DS) (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA), a world leader in 3D and Product Lifecycle Management (PLM) solutions, today announced that it has joined FIATECH, a non-profit consortium that provides global leadership in identifying and accelerating the development, demonstration and deployment of fully integrated and automated technologies to deliver the highest business value throughout the lifecycle of all types of capital projects.
Dassault Systèmes has years of experience helping construction and energy companies manage the complex and critical designs that are hallmarks of these industries. With millions of dollars already committed to these projects and strict regulatory requirements that need to be factored in, engineering and construction organizations need a solution that can bring people and processes together—and provide all involved with the resources needed to successfully design, construct and lifecycle manage the asset .
“In today’s global economy, the decision makers, designers and engineers involved in capital projects could be located in several different places using various software systems. For projects to succeed, all involved parties need to be able to share information on a regular basis,” said Richard Jackson, director, FIATECH. “FIATECH and Dassault Systèmes are a natural fit as the organizations share a common goal of solving interoperability issues, improving information exchanges and enhancing collaboration among owner-operators, OEMs, partners and suppliers.”
Founded under the auspices of the University of Texas at Austin, FIATECH has made significant headway against its initial founding objective—to establish a comprehensive Capital Projects Technology Roadmap that describes the operational context for a capital project and identifies opportunities to apply technology that integrates and automates execution more effectively. FIATECH members work together on projects organized around mutually-agreed priorities and share in the deliverables, which include all forms of intellectual property (IP) from technology forecasts, to XML schemas for data interchange, to on-site tests of the latest technologies.
“Dassault Systèmes has long been dedicated to providing ways for organizations to easily share information throughout all stages of the project lifecycle,” added Rolf Gibbels, director and worldwide industry leader of the company’s energy practice. “We are excited to work with the other consortium members to establish a common set of standards, establish PLM in the industry and improve the efficiency and success of capital-intensive projects.”