London, January 07, 2003 - SmarTeam Corporation Ltd., a Dassault Systemes company (Nasdaq: DASTY; Euronext Paris: #13065, DSY.PA) and leading provider of innovative Product Lifecycle Collaboration solutions, today announced a $1 million deal to provide cutting-edge product lifecycle management (PLM) at Kværner Oilfield Products (KOP).
Headquartered in Norway, KOP is a $400 million company with offices in England, Scotland, Brazil, Australia and the U.S. A leading manufacturer of undersea oil production and distribution systems for oil companies worldwide, KOP generates vast quantities of product design data, supply chain information and enterprise resource details. Maintaining current versions of designs and matching them to other relevant business information was becoming a significant challenge.
By using SMARTEAM, KOP will be able to access and manage its data more effectively, facilitate the re-use of designs and drawings, create a single point of reference for engineers, replace its document control system and ultimately make substantial savings in engineering time. These benefits are further expected to have positive impact upon product quality and innovation.
“Since we constantly revisit and modify our designs, the retrieval and updating of files is difficult to manage, said Morten Braass, vice president of Project and Engineering Support at KOP. “We need to know that we are working with the correct designs and without SMARTEAM this has proven very difficult. Also, we need this data to work alongside our other business information. We had all these systems creating supposed knowledge, but they weren’t talking to each other. A piece of the jigsaw seemed to be missing.”
The initial deployment of SMARTEAM at KOP will likely lead to extending the system across the rest of the Aker Kværner Group, so the progress and success of the installation is being monitored carefully by all sides.
“With 38 companies in the Aker Kværner Group, this is obviously an important contract for us,” said Chris Jones, president of European Operations at SmarTeam Europe. “This initial deployment creates a real opportunity to prove just how good SMARTEAM is in a controlled and measurable way – at one of the world’s largest engineering companies.”