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RIB Software AG (RSTA) signs a Phase II Deal (Nr. 7/2016) with Soil-Build Group in Singapore to use its first global full integrated iTWO 5D smart production Technology

Back27.05.2016

DGAP-News: RIB Software AG / Key word(s): Contract

2016-05-27 / 16:04
The issuer is solely responsible for the content of this announcement.


27-05-2016

RIB Software AG (RSTA) signs a Phase II Deal (Nr. 7/2016) with Soil-Build Group in Singapore to use its first global full integrated iTWO 5D smart production Technology

Singapore, 27 May 2016. RIB Software AG, the world's leading construction 5D Big Data enterprise project delivery solution provider for the construction industry, announced today they have concluded a Phase II Agreement (Nr. 7/2016) with Soil-Build Group in Singapore. To industrialize the production process there it is important to have integrated planning, production and an automation solution for their concrete prefabrication factory. This is why Soil Build decided for RIB iTWO smart production - the intergrated platform for the "design to manufacture" which is consequently the next step of the digitalisation and industrialization of the construction industry- combining the virtual planning and Engineering with physical production through a full integrated end to end Software.

Mr. Robert Neubauer, Managing Director of RIB SAA, stated that: "We are delighted to have innovative clients such as Soil-Build as technology partners with the vision to recognize that the use of the RIB iTWO 5D smart production platform will greatly enable them to improve their productivity, reduce costs, time and risk and also improve profitability. Delivering the iTWO platform for making the "design to production" real, is a tremendous step for us and our clients. We are very proud in supporting leading South East Asia construction companies to run their business through an integrated end-to-end Software platform iTWO smart production from design and engineering to manufacturing".

The RIB Group

RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.



2016-05-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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