Yantai Raffles Shipyard Chooses Product Lifecycle Management Solutions from IBM and Dassault Systemes for Competitive Shipbuilding Advantage

YANTAI, China and PARIS--(BUSINESS WIRE)--July 24, 2003--

Premier offshore builder of ships and oilrigs adopts solutions to

become the most efficient and economical shipyard in the world

IBM and Dassault Systemes (Nasdaq: DASTY, Euronext Paris: #13065, DSY.PA) today announced the signing of a contract with Yantai Raffles Shipyard (YRS) for product development and data management software. YRS has acquired IBM's Product Lifecycle Management (PLM) Shipbuilding Solutions with software developed by Dassault Systemes in its aim to become one of the most efficient and low cost shipyards in the world.

The PLM Solution fulfills YRS' critical need for web-based product development collaboration to link its shipyard in Yantai, China with its headquarters in Singapore and its offices in Houston, Texas, USA. With the integrated IBM PLM platform, comprised of CATIA V5 for collaborative virtual product development and ENOVIA LCA and ENOVIA Portal 3d.com for real-time product data management developed by Dassault Systemes, YRS is already realizing the benefits of seamless sharing of all vessel lifecycle information between product development teams in the company.

The advanced PLM solution has enabled the shipyard to streamline design processes for all its vessels, from floating storage and off-take (FSO) ships to oilrigs and luxury yachts. YRS is already experiencing substantial return on investment through lower material costs and improved quality - a combined competitive advantage.

"Our customers deserve the best and we give them the best. Our prices are very, very competitive against any shipyard in the world and we sell on good quality and delivery. This is only possible if we use the best technology on the market to build our ships and that's why we chose IBM PLM solutions," said Brian Chang, Chairman/CEO, YRS. "Today, we are able to collaborate with owners, suppliers and designers in an exciting new way. Being able to vision a digital model of a ship before production begins is an unforgettable experience for our customers. PLM technology from IBM and Dassault Systemes is shaping the way suppliers, partners and clients think about us."

IBM and Dassault Systemes' CATIA V5 solution comes with a full set of shipbuilding-oriented functionalities to meet YRS' requirements, from 'conceptual' to 'detail ship design' and 'in production'. Powerful digital mock-up technology and a collaborative design environment ensure that YRS engineers design efficiently and with precision. ENOVIA LCA and ENOVIA 3d.com solutions enable full collaborative product development, as well as access to both design information and engineering data among the YRS marketing, engineering and production functions, and ensures that YRS staff, customers, partners and suppliers are able to work together in a virtual product development environment.

"With PLM solutions from Dassault Systemes, Yantai Raffles can simulate all design processes, from the pre-project phase, through detailed design, analysis, simulation, assembly and maintenance in order to avoid conception and fitting errors," said Etienne Droit, executive vice president, Sales and Marketing, Dassault Systemes. "YRS can also establish pervasive 3D-based communication and collaboration between its sites in Singapore and China. Simulation of the entire product life cycle before committing to physical production helps accelerate the shipbuilding process, eliminate design mistakes and cut costs."

About Yantai Raffles Shipyard

Yantai Raffles Shipyard has the engineering capacity and facilities to manage a wide variety of vessels at one time. The shipyard is located in a peaceful city of Yantai, Shandong Province in northern China and is offshore project-orientated. The weather in Yantai is moderate and ideal for shipyard work. YRS is headquartered in Singapore where it manages marketing and business development, and with procurement offices in Singapore, Houston and Yantai. YRS' aim is to be the shipyard of choice for ship owners. YRS will try harder than others. Find out more at: http://www.yantai-raffles.com

About IBM

IBM is the world's largest technological company, providing leadership and innovation throughout the world for more than 80 years. IBM is the largest supplier of "hardware", "software" and Information Technology services, and pioneered the development and implementation of "e-business" solutions. IBM Sales & Distribution, which supports more than a dozen key industries worldwide, works with companies of all sizes around the world to deploy the full range of IBM technologies. The fastest way to get more information about IBM is through the IBM home page at http://www.ibm.com

About Dassault Systemes

As world leader in PLM (Product Lifecycle Management) solutions, the Dassault Systemes group brings value to more than 65,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systemes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire life cycle of products from conception to retirement. Its offering includes PLM integrated solutions for product development (CATIA, ENOVIA, DELMIA, SMARTEAM), general-use 3D solutions (SolidWorks), and 3D components (SPATIAL). Dassault Systemes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges. For more information, visit http://www.3ds.com

CONTACT: YRS Press Contact:
             Brian Chang
             +86 535 6820487
Email Contact
             IBM Press Contact:
             Jennifer Feller
             + 33 141 88 6189
Email Contact
             Dassault Systemes Press Contacts:
             +33 1 55 49 84 21
Email Contact
             Emma Rutherford, Harriet Keen
             Financial Dynamics
             +44 207 831 3113

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