AVEVA: Two New Contracts in Russia

(Press Release)
Tuesday, April 24, 2012

AVEVA (LSE:AVV), has won two contracts in Russia with SevZap NTC, a leading Russian EPC in the power industry and DO “Vympel”, a Marine design office based in Nizhny Novgorod.SevZap NTC has signed a license agreement to implement AVEVA Plant solutions. AVEVA technology will enable SevZap concurrent multi-location engineering for work on large scale capital plant projects. The development of its own engineering approach based on AVEVA Plant portfolio will allow improved design quality and efficiency throughout the lifecycle of its projects. As part of the contract with SevZap, its designers will also receive training at the AVEVA educational centre in St. Petersburg. DO “Vympel” will standardise its 3D engineering design on the recently released version of AVEVA Marine, rolling out a suite of software applications for all its new projects. AVEVA Marine will allow DO “Vympel” to execute global projects in a single engineering design environment, through a distributed team. Dmitry Bahansky, Chief Designer CAD, DO “Vympel” commented, "We need to optimise our resources and reduce costs. Technology is not standing still and there is serious competition in the shipbuilding market. We must reinforce our leadership with solutions like AVEVA Marine in order to open up new opportunities for our business.” Evgeny Fedotov Vice President, Russia & CIS, AVEVA explains, “We are able to offer the Russian market a new level of ’Integrated Engineering & Design‘ efficiency, with savings of up to 30% through new releases of AVEVA Plant and AVEVA Marine. We have demonstrated our flexibility and openness in assisting SevZap with the development of its own technology based on AVEVA Plant, as well as the benefits offered to DO “Vympel” by standardising 3D design on AVEVA Marine. These are both excellent benchmark customers for the Russian market.” “We have a great team in Russia with strong, determined leadership that is rapidly growing our business in this important region”, added Richard Longdon, CEO, AVEVA. “Our release of exciting new products and our excellent customer relationships are key drivers in helping us expand throughout Russia.”

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