PLM Partnership

Dassault Syst mes, Avatech Solutions join forces around product lifecycle management solutions

Baltimore, MD, and Paris — May 16, 2003 — Dassault Syst mes and Avatech Solutions Inc. this week announced the signing an agreement under which Avatech will significantly expand its U.S. marketing, sales and services with integrated SMARTEAM product lifecycle management (PLM) solutions from Dassault Syst mes.

Dassault Syst mes PLM solutions are meant to improve quality and reduce both costs and product development times. They also enable internal collaboration across geographic boundaries and with suppliers.

"Our collective products and services offerings will enable Avatech to deliver over time PLM solutions to mid-market companies in a variety of industries, including manufacturing, building design, facilities management, homeland security, pharmaceutical and petro-chemical," said Scotty Walsh, CEO of Avatech Solutions.

According to Walsh, Avatech is committed to adding new products, people and expanding the company's geographic reach. "Our new partnership with Dassault Syst mes is a significant step in carrying out this overall business plan. However, the real benefit is the ability to offer these solutions to our existing 18,000 customers throughout the United States," he said.

"We are extremely pleased about the partnership with Avatech and see great opportunity in delivering the SMARTEAM solution to their customers," said Philippe Forestier, executive vice president Alliances, Marketing and Communications, Dassault Syst mes. "This agreement will allow us to significantly increase our market share among the small and medium-size businesses (SMB) in the United States."