Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Euronext Paris  >  ESI GROUP    ESI   FR0004110310

ESI GROUP (ESI)

94
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ESI GROUP : ESI Doubles Revenues for Its Composites Activity in 2011

04/25/2012 | 12:40pm US/Eastern

A success further encouraged by a French state grant to strengthen its R&D activity in composites

ESI Group, pioneer and world-leading solution provider in virtual prototyping for manufacturing industries, announces that its license and services revenue linked to Virtual Manufacturing & Performance of composites has doubled over the past 2 years and tripled over the past 3 years.

This success is the result of ESI's continuous investment in Research & Development and the creation of a portfolio of software and services that successfully address the challenges of the manufacturing industries using composite materials. ESI's Composites Simulation Suite, including software tools PAM-FORM and PAM-RTM, allows clients to fully plan & assess the manufacturing processes of their composite parts, while Virtual Performance Solution can predict the 'in use' performances of these parts.

Another contributing factor to this success is the deployment of ESI's expertise across the globe:

  • in Asia and in Russia, where the booming aeronautic sector requires innovative composite solutions;
  • in Germany, where ESI provides expert knowledge in light-weight materials to the automotive sector;
  • in Europe and South America, in support of the rapid advances in wind energy.

Ever since the opening of its dedicated R&D center near Bordeaux, the company has confirmed its commitment to strengthening its knowledge in composite materials by engaging in key partnerships with universities and industry players. Recently, ESI's partnership with the University of Nottingham has resulted in the addition of a permeability database to ESI's Composites Simulation Suite, allowing users to benefit from years of research in the field.

"We have worked with ESI on flow simulation, forming simulation and impact modelling for many years, and consider their software to be at the leading edge of composites analysis. During that time we have developed materials characterization techniques to determine necessary input data, in particular reinforcement permeability for resin flow simulation. We are very pleased to be able to provide some of our data for other users - as well as providing useful data for analysis of composites manufacturing. We hope that this will promote further collaboration amongst the composites manufacturing community," declares Professor Andrew Long, Dean of the Faculty of Engineering, University of Nottingham.

Other key partnerships include a close collaboration with Universities of Dresden and IFB Stuttgart in Germany, the PPE (Pôle de Plasturgie de l'Est), Dassault Systèmes, and Chinese government's aircraft consortium AVIC. To sustain its leading edge position in composites, ESI has also engaged in several French, German and European projects including MAAXIMUS, LYCOS, HIVOCOMP, INFUCOMP, LCM-SMART, RAID-OUTIL, MAI-composites or MAPPIC3D.

Recently announced funding from the French local government further encourages the company's research activity. Last month, the Aquitaine region allocated 250 000 ? to support ESI's R&D center near Bordeaux. The center is located close to the "Aerospace Valley", one of the world's most important aeronautics R&D bases, where industry leaders such as Airbus, Dassault Aviation or EADS-Astrium are present.

For more ESI news, visit: www.esi-group.com/newsroom

About ESI Group

ESI is a pioneer and world-leading solution provider in virtual prototyping for manufacturing industries that takes into account the physics of materials. ESI has developed an extensive suite of coherent, industry-oriented applications to realistically simulate a product's behavior during testing, to fine-tune manufacturing processes in accordance with desired product performance, and to evaluate the environment's impact on performance. ESI's solutions fit into a single collaborative and open environment for End-to-End Virtual Prototyping, thus eliminating the need for physical prototypes during product development. The company employs about 900 high-level specialists worldwide covering more than 30 countries. ESI Group is listed in compartment C of NYSE Euronext Paris. For further information, visit www.esi-group.com.

Connect with ESI on Twitter, Facebook, and YouTube

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50252690&lang=en

ESI Group ? Media Relations
Céline Gallerne
T: +33 (0)1 41 73 58 46


© Business Wire 2012
React to this article
Latest news on ESI GROUP
06/23 ESI : attends the 10th Teratec Forum for the Development of High Performance Com..
06/19 ESI : presents its Casting Simulation Suite ProCAST 2015 at GIFA
06/18 ESI : presents its Casting Simulation Suite ProCAST 2015 at GIFA
06/16 ESI : presents its Virtual Prototyping solutions at the International Paris Air ..
06/04 ESI : Virtual Prototyping contributes to the project "Passenger Seats of the Fut..
06/03 ESI : Virtual Prototyping contributes to the project "Passenger Seats of the Fut..
05/13 ESI : NASA to Award Sole Source to ESI Group for Vaone Software License
05/11 ESI : Presolicitation Notice - D-- VAONE SOFTWARE LICENSE AND MAINTENANCE RENEWA..
05/01 ESI : Acquires Technology Assets of Ciespace
04/09 ESI : to Acquire Assets of Picviz Labs
Advertisement
Chart
Duration : Period :
ESI GROUP Technical Analysis Chart | ESI | FR0004110310 | 4-Traders
Income Statement Evolution
More Financials