IGE+XAO Signs a Major Contract with Airbus
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Three years after the contract was signed with Eurocopter, the IGE+XAO Group announces a very significant contract with Airbus. This new agreement covers the supply of the IGE+XAO Group's PLM offer (Product Life-cycle Management) dedicated to Electrical Engineering. This software suite named SEE Electrical Harness PLM, encompasses most of the electrical engineering process, from the definition of electrical equipment to the automatic generation of electrical harnesses and wiring diagrams.
This contract made up of several stages for which deliveries are planned from the 4th quarter 2008 until the end of 2011 could reach nearly 5 million euros. This amount includes the SEE Electrical Harness PLM software licences as well as the development and associated services. IGE+XAO is currently working on the first stage which represents an already received purchase order of 1.3 M Euros excluding VAT.
For Alain Di Crescenzo, Chairman and CEO of the IGE+XAO Group: "this new contract emphasizes the relevance and maturity of the Group PLM offer in the aeronautics and space markets. Thus, IGE+XAO appears more and more as a worldwide leader in the fields of Computer-Aided Design and PLM dedicated to Electrical Engineering."
With this contract and other ongoing projects, the IGE+XAO Group plans to strengthen its R&D as well as customer support teams.
ABOUT THE IGE+XAO GROUP:
For over 22 years, the IGE+XAO Group has been a software publisher designing, producing, selling and ensuring the maintenance of a range of Computer-Aided Design (CAD) software. These Electrical CAD software applications have been designed to help manufacturers design and maintain the electrical section of any installation. IGE+XAO has built a complete range of Electrical CAD software applications designed for all industry fields. The IGE+XAO Group has about 355 employees spread out in 22 locations and 15 countries. With more than 56,600 licenses sold throughout the world, IGE+XAO is a reference in its domain. For more information, visit www.ige-xao.com
IGE+XAO GROUP CONTACTS:
IGE+XAO Group, 25/27 Blvd Victor Hugo - BP 90312 - 31773 Colomiers cedex - France
Phone: +33 (0) 5 62 74 36 36 - Fax: +33 (0) 5 62 74 36 37 - www.ige-xao.com
Listed on Euronext Paris- NYSE Euronext - Compartment C - ISIN FR 0000030827
Investors Relations: Alain Di Crescenzo (Chairman of the IGE+XAO Group) +33 (0)5 62 74 36 36
Press Relations: Rozenn Nerrand-Destouches +33 (0)5 62 74 36 02
