SANTA ANA, Calif., Nov. 4, 2008 (GLOBE NEWSWIRE) -- MSC.Software (Nasdaq:MSCS), the leading global provider of enterprise simulation solutions, including simulation software and services, today announced that its multidisciplinary simulation tool, MD Nastran, has been selected by Lloyds Register, one of the world's leading companies in risk management and quality solutions for Shipping and other industries. Lloyd's Register will leverage their existing MSC.Software investments, extending them to a best-in-class enterprise simulation solution that will increase capability and significantly increase overall simulation productivity and efficiency.
Although most well known for its origins in the shipping industry, the Lloyd's Register Group's mission is to establish, uphold, and apply high technical standards of design, manufacture, construction, maintenance, operation and performance across many industry sectors. Today Lloyd's Register's client interests include government, industrial institutions and companies, in shipping, oil & gas production, power, rail and general engineering. The company has a long history of simulation using MSC.Software's Engineering Products portfolio. Under the current agreement Lloyd's Register will upgrade to MSC.Software's MD Nastran platform. By combining a number of industry standard analysis applications into a single multi-disciplinary solution, MD Nastran allows engineers to more accurately capture the true system level performance and behavior of real-world products in their true working environments. MD Nastran's common data model also increases the computational efficiency of coupled solution process, and eliminates the errors traditionally associated with data translation between point CAE solutions.
"Creating a standardized environment based on MSC.Software's MD solutions has a dual benefit, allowing us to benefit from the latest simulation technologies, while simultaneously leveraging our existing investment," said Stephen Hand, CIO Lloyd's Register. "With MD Nastran we will eliminate redundant effort, reducing simulation time while improving simulation accuracy and productivity, attributes which will positively impact our business and enhance our reputation as thought leaders within the world market."
"Industry adoption of MD Nastran continues to accelerate, and major upgrades such as that announced at Lloyd's Register, clearly demonstrate the success of multidiscipline simulation as a foundation technology in a wide variety of organizations and industries," said Amir Mobayen, Executive Vice President Worldwide Sales & Services, MSC.Software. "Our customers operate in rapidly changing and highly competitive markets. Our mission is to provide industry proven software and services that give our customers lasting competitive advantage."
About Lloyds Register
Lloyd's Register provides independent assurance to companies operating high risk capital intensive assets in energy and transportation to enhance the safety of life, property and the environment, thereby helping our clients ensure safe, responsible and sustainable supply chains. The Group comprises charities and non-charitable companies, with the latter supporting the charities in their main goal.
About MSC.Software Corporation
MSC.Software (Nasdaq:MSCS) is the global leader of enterprise simulation solutions that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs 1100 people in 23 countries. For additional information about MSC Software's products and services, please visit www.mscsoftware.com.
Safe Harbor Language
This press release contains forward-looking statements, including all statements relating to the features, benefits, capabilities and performance of MSC.Software products. These statements are subject to risks and uncertainties that could cause actual results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, changes in technology, the end-user computing and analysis environment, implementation and support that meet evolving customer requirements, general industry trends and the impact of competitive products. Furthermore, information provided herein, which is not historical in nature, are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
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