( BW)(E-SIM)(ESIM) e-SIM's Technology Chosen as Key Component in Large Project for European Automotive Customer; e-SIM's Software Used by European Distributor, Telelogic AB
BW2504 NOV 15,2001 8:14 PACIFIC 11:14 EASTERN
Business Editors and Technology Writers
JERUSALEM--(BUSINESS WIRE)--Nov. 15, 2001--e-SIM, Ltd. (Nasdaq:ESIM), the leader in advanced simulation technology for product design, development and code generation, announced today that Telelogic AB, a long time distributor of its RapidPLUS software in Germany, has elected to use its RapidPLUS tool as a key component for the User Interface development for a 1.46 million Euro ($1.3 million US) development project they have undertaken for a non-disclosed European car manufacturer.
Under the terms of the agreement, Telelogic will deliver in-car multimedia and information solutions, called telematics systems, for one of the customer's new car models in the luxury segment within 12 months.
In the project, Telelogic will help the customer develop advanced information and entertainment systems for the driver and the passengers in the car. These are developed based on MOST (Media Oriented Systems Transport), a world standard for data communication of multimedia and telematics applications, mainly within the automotive sector. RapidPLUS will be used in this project together with a number of other tools supplied by Telelogic.
"Telelogic's consistent preference for RapidPLUS, re-confirms the unique and significant value and complete solution the product offers our customers," said Ken Dixon, President of e-SIM. "We are proud to note Telelogic's success in both promoting Rapid sales and in choosing the most effective product for the success of their in-house projects for third party customers."
About e-SIM
Founded in 1990, e-SIM Ltd. (Nasdaq:ESIM) (www.e-SIM.com) is the leading provider of advanced simulation technology for product development, Web-based customer support and marketing. E-SIM's simulation technologies build off its RapidPLUS line of software products that enable product designers and engineers to expedite the concept-to-market life cycle by easily creating simulated computer prototypes that are fully functional, interactive and behaviorally identical to the manufactured products and systems. E-SIM's proprietary technology enables the creation and distribution of electronic LiveManuals, "virtual products" that look and behave like real products, over the Internet or intranet. E-SIM's customer support Web service, LiveManuals (http://www.livemanuals.com), features its proprietary product simulations from multiple manufacturers, interactive user manuals, personal product folios for easy reference, comprehensive manufacturer support information and extended warranties.
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, significant fluctuations and unpredictability of operating results, risks in product and technology development and rapid technological change, dependence on a single product line, extent of demand for the Company's product, impact of competitive products and pricing, market acceptance, lengthy sales cycle, changing economic conditions, risks of joint development projects, dependence on key personnel, difficulties in managing growth, risks relating to sales and distribution, risks associated with international sales, risks of product defects, dependence on company proprietary technology. For a more detailed discussion of these and other risk factors, see the Company's Form 20-F as filed with the United States Securities and Exchange Commission.
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CONTACT: e-SIM Ltd.
Shaindy Babad, +972 2 587 0774 (MEDIA)
Shaindy@e-sim.co.il
or
Yaron Eldad, +972 2 587 0770 (INVESTOR)
Yaron@e-sim.co.il
KEYWORD: ISRAEL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: ADVERTISING/MARKETING AUTOMOTIVE ELECTRONIC
GAMES/MULTIMEDIA SOFTWARE PRODUCT
SOURCE: e-SIM Ltd. |
