March 2006 - ITI TranscenData Establishes Korean OEM Partner MIDAS IT

March 22, 2006

ITI TranscenData has announced a new OEM agreement with Korea-based MIDAS IT. The alliance will see CADfix, ITI TranscenData's leading 3D CAD model exchange and repair tool, become an integral part of the MIDAS computer aided engineering (CAE) software suite

MIDAS IT has been providing software to the civil and mechanical engineering fields since 1989, with a focus on developing application specific programs such as MIDAS/GTS for geotechnical structures and soil mechanics, MIDAS/Civil for bridges, MIDAS/Gen for building analysis and MIDAS/Mec for mechanical engineering. All MIDAS solutions are supported by MIDAS/FX+, the powerful CAE pre and post processor that provides a complete environment for streamlining the geometry modeling, meshing, analysis control and results visualization.

MIDAS IT identified a need for reliable 3D CAD model imports into its analysis software and approached ITI TranscenData for help. Now, with CADfix embedded as a front-end, MIDAS users will be able to confidently import a wide range of native and neutral CAD formats, safe in the knowledge that the model will arrive in MIDAS in a good condition ready for immediate reuse.

CADfix addresses fundamental inconsistencies and inaccuracies that can make the efficient transfer of solid modeling geometry between different CAD systems and downstream applications such as CFD and finite element analysis (FEA) all but impossible. MIDAS IT believes CADfix to be an essential diagnostic and repair tool for complex geometry in structural analysis, providing an immensely important time saving component at the start of the analysis process.

Sang Shim, Senior Exec VP, International Marketing, MIDAS IT, comments: "Implementing CADfix translators into the MIDAS FX+ pre-processor is like adding a turbo engine charger to its already powerful, state-of-the-art capabilities. Users of MIDAS software products now have the freedom to import various CAD files used in the fields of civil and mechanical engineering applications, with the confidence of knowing that the quality of the data will remain high. MIDAS users will continue to create and process CAD models within FX+ but now have the added qualitative benefits of CADfix. We highly value our relationship with TranscenData and are confident that our new alliance will provide us with the ammunition to better serve our customers and drive us to the forefront of the industry in which MIDAS IT is engaged."

Andy Chinn, Business Development Manager, TranscenData Europe, comments: "In our business of providing CAD/CAM/CAE interoperability solutions we see lots of different end user applications, particularly CAE systems. We are extremely impressed with the MIDAS suite, both for its wide range of powerful functionality and its ease-of-use. We are delighted that CADfix will form a part of the MIDAS solution and we are really looking forward to working with the MIDAS team."

About MIDAS IT

The prime focus of MIDAS IT includes civil/structural/mechanical engineering software development and analysis & design support. The MIDAS Programs have been developed since 1989 and used commercially since 1996. Their reliability has been established through applying them over thousands of real projects. MIDAS IT now has corporate offices in Seoul, Beijing, Shanghai and Detroit with a major alliance with TNO DIANA for co-development and MIDAS product distribution in Europe and the US. There are many other strategic partners in Japan, Italy, Taiwan and other countries. MIDAS IT consists of structural/geotechnical/mechanical software developers and professional engineers with significant practical experience. Currently, over 100 developers and engineers with extensive experience support the company. One of the strengths is to respond to the needs of the practicing engineers extremely fast. In addition to engineering software development, the company also provides engineering consulting services, which include Automatic Design Solution Development, Value Engineering, Safety Engineering, Design Consulting, special purpose S/W Development and Structural Design of major and specialty structures.

About ITI TranscenData

ITI TranscenData is the product data interoperability business within International TechneGroup Incorporated (ITI). ITI TranscenData provides interoperability solutions that enable companies to effectively exchange, reuse, integrate and share engineering product data among diverse software applications used throughout a manufacturing enterprise and its supply chain. ITI TranscenData solutions are aimed directly at reducing and eliminating non-value-added time and costs associated with reusing product data. ITI TranscenData solutions are distributed worldwide through a combination of direct sales, resellers, and strategic vendor/OEM partners. Included among ITI TranscenData’s customers are ABB, Airbus, BAE Systems, Boeing, EADS, Ford, Honeywell, Lego, Lockheed Martin, MAHLE Powertrain, Pratt & Whitney, Raytheon, Renault, Rockwell Collins, Rolls Royce, Samsung Electronics, Siemens Automotive, Snecma, Spirit AeroSystems, Thales, ThyssenKrupp, US Air Force, US Army, Xerox and others.

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For further information, please use the ITI TranscenData Contact Page or the below information:

ITI TranscenData Americas and Corporate

Tel: +1-888-783-9199

ITI TranscenData Europe, Middle East and Africa

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ITI TranscenData Asia-Pacific

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