Press Release
Fincantieri and CETENA Implement MSC.MasterKey License System to Improve Virtual Product Development
SANTA ANA, CA - May 11, 2005 - MSC.Software Corp. (OTC: MNSC.PK), the leading global provider of virtual product development (VPD) technologies including simulation software and services, today announced that the Naval Vessel Business Unit of Fincantieri and the Fincantieri Group R&D Company, CETENA, have implemented the MSC.MasterKey License system at their product development site in Genoa, Italy. Under this new agreement, Fincantieri now has on-demand, flexible access to more than 250 leading software applications including the SimOffice tools MSC.Nastran, MSC.Patran, MSC.ADAMS, MSC.Marc, and many more.
"The growing adoption of the MSC.MasterKey License system is a clear confirmation that our philosophy, both to understand and deliver upon the critical needs of our customers, is meeting with acceptance. Flexible access to integrated VPD technology not only allows engineering organizations to benefit from an expanded simulation capability, but also enables them to better manage their resources, and to coordinate and rationalize their existing processes. Our partnership with customers such as Fincantieri is central to our future strategic direction, and we look forward to helping them to maximize the return from their investment with us," said Amir Mobayen, Senior Vice President, MSC.Software EMEA Operations.
"We are very satisfied with the implementation of the MSC.MasterKey license system," said a Fincantieri spokesman. "Being a long time MSC.Software customer, we have been using MSC.Software tools successfully for many years. With the growing demand of simulation within the company, the access needed to be more flexible. With a team of 30 engineers we needed optimized access to the virtual development tools to streamline our development process. Under the MSC.MasterKey license system, we expect significant improvements in our development departments, because the new flexibility will lead to an increase of VPD-tool usage and to an optimization of our current VPD solutions."
About Fincantieri
Fincantieri is one of the most important, diversified shipbuilding concerns in the world. It employs a staff of over 9,200, has design centres in Genoa and Trieste (the largest in Europe) and builds vessels at eight shipyards, which report to three business units: the Cruise Ship Business Unit (Monfalcone, Venice-Marghera , Genoa-Sestri), the Merchant Ship Business Unit (Ancona, Castellammare di Stabia , Palermo) and the Naval Vessel Business Unit (Riva Trigoso , Muggiano). Subsidiary companies of Fincantieri are: Isotta Fraschini Motori, which designs and produces medium power diesel engines, CETENA (Centre for Studies of Naval Technologies) devoted to R&D in the field of the shipbuilding and vessel propulsion, and Orizzonte Sistemi Navali, which works in the field of naval systems and acts as Prime Contractor and Warship Design Authority for the definition, design, integration and marketing of surface vessels of high technological and system content (corvettes, frigates, destroyers and aircraft carriers) for the domestic and foreign markets. The work done by Fincantieri has been rewarded by the market, which has recognized the company's world leadership in the fields of passenger ships and large, high-performance cruise ferries.
The Company Quality System is certified according to UNI EN ISO 9001:2000 and NATO AQAP - 1 for naval applications. For more information about Fincantieri and CETENA please visit www.fincantieri.com. and www.cetena.it
About MSC.Software Corporation
MSC.Software (OTC: MNSC.PK) is the leading global provider of simulation software and services, that helps companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1400 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Catherine Meek Media Relations MSC.Software 714.445.5647 catherine.meek@mscsoftware.com |
