ESI signs a Long-Term Strategic Partnership with PARC, a Xerox company
(Thomson Reuters ONE) -
ESI signs a Long-Term Strategic Partnership
with PARC, a Xerox company
To Enhance System Modeling Solutions,
from Faults Detection to System Reliability Analysis, and Maintainability
Prediction
Paris, France - December 7, 2016 - ESI Group, leading innovator in Virtual
Prototyping software and services for manufacturing industries, announces the
signing of a long-term strategic partnership with PARC, a Xerox company and
renowned provider of custom R&D and technology solutions to Global 1000
companies and government agencies. The partnership initially focuses on
expanding and industrializing PARC's advanced research project on Fault
Augmented Model Extension (FAME), initiated with the Defense Advanced Research
Projects Agency (DARPA). The partnership encompasses system reliability
modeling, system safety assessment, predictive maintenance, and condition-based
maintenance. These capabilities will come to strengthen the already existing ESI
solutions dedicated to helping industrial manufacturers overcome engineering
issues related to complex cyber-physical systems.
As today's industrial systems incorporate increasingly complex hardware and
software sub-systems, an integrated model- and data-driven approach has become
essential to address design, validation and operational issues throughout the
system design and operations cycles. Over the years, ESI has been developing
coherent and integrated virtual prototyping solutions that enable industrial
customers to virtually manufacture and evaluate product performance in different
environments and use cases. Today, ESI extends its proposition to smart virtual
prototyping; giving its customers the ability to animate their virtual
prototypes and use the latest technologies, including big data analytics and
machine learning, to accurately predict and manage product operational
performance from an early stage.
ESI's partnership with PARC marks the continuation of ESI's strategic
investments in system simulation. Indeed, in 2013, ESI acquired the cloud-based
system design specialist CyDesign Labs, based in the Silicon Valley, and more
recently the German company ITI GmbH, developer and vendor of SimulationX, the
leading Modelica-based system simulation application in the field of System
Modeling of cyber-physical systems. ESI has also complemented its data-driven
system analytics capabilities by acquiring earlier this year Mineset Inc.,
specialized in web-based visual analytics and machine-learning and also based in
the Silicon Valley. The research projects conducted in collaboration with PARC
will accelerate the development of hybrid virtual prototyping and data-driven
analytics solutions to maximize the useful and operationally reliable lifecycle
of the products developed by ESI's clients
Tolga Kurtoglu, Vice President and Director of the System Sciences Lab (SSL) at
PARC, remarks: "Industrial manufacturers want to minimize the cost of complex
systems, while maximizing performance. Design teams need to be able to quantify
reliability and mitigate risk at the earliest phase of the process. We will work
with ESI in partnership to help customers identify problem areas, gain insight,
and quantify the impact of component failure through time and use of a
manufactured system's lifecycle. Mature and complex industries, including
transportation, aerospace, defense, and energy, will benefit from our FAME
project, and we are thrilled to work with ESI Group to bring these capabilities
to customers around the world."
Fadi Ben Achour, Electronics Business Development VP at ESI Group, comments on
the long-term strategic partnership between ESI and PARC: "We are honored that
such a highly regarded organization as PARC, with extensive expertise in system
diagnostics, prognostics and condition based maintenance, has chosen ESI to
industrialize one of their breakthrough technologies." He continues: "Building
on our existing expertise, the results from research conducted at PARC will
enable ESI to deliver industrial solutions to answer system level challenges and
to leverage the data generated by our customers systems during operations. Of
course, we are also excited by the impact on our efforts to build a strong eco-
system in San Francisco Bay Area and its hyper dynamic and innovative Silicon
Valley".
For more ESI news, visit: www.esi-group.com/press
ESI Group - Media Relations
Céline Gallerne
Celine.Gallerne(at)esi-group.com
+33 1 41 73 58 46
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About ESI Group
ESI Group is a leading innovator in Virtual Prototyping software and services.
Specialist in material physics, ESI has developed a unique proficiency in
helping industrial manufacturers replace physical prototypes by virtually
replicating the fabrication, assembly and testing of products in different
environments. Today, coupled with Virtual Reality, animated by systems models,
and benefiting from data analytics, Virtual Prototyping becomes immersive and
interactive: ESI's clients can bring their products to life, ensuring reliable
performance, serviceability and maintainability. ESI solutions help world-
leading OEM's and innovative companies make sure that their products will pass
certification tests - before any physical prototype is built - and that new
products are competitive in their market space. Virtual Prototyping addresses
the emerging need for products to be smart and autonomous and supports
industrial manufacturers in their digital transformation.
Today, ESI's customer base spans nearly every industry sector. The company
employs about 1100 high-level specialists worldwide to address the needs of
customers in more than 40 countries. For more information, please visit www.esi-
group.com/
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News Release in PDF:
http://hugin.info/156812/R/2062660/773850.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ESI Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.12.2016 - 20:00 Uhr
Sprache: Deutsch
News-ID 511583
Anzahl Zeichen: 8197
contact information:
Town:
Paris
Kategorie:
Business News
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