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RIB Software AG: RIB Software AG (RIB) signs a Phase II contract (no. 11 / 2016) with Kimly Construction in Singapore to use its iTWO 5D Big Data Technology

Back30.06.2016

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

2016-06-30 / 15:30
The issuer is solely responsible for the content of this announcement.


30-06-2016

RIB Software AG (RIB) signs a Phase II contract (no. 11 / 2016) with Kimly Construction in Singapore to use its iTWO 5D Big Data Technology

Stuttgart, Singapore, 30th June 2016. RIB Group today announced they have signed a subsequent Phase II Agreement with Kimly Construction to be the first international Phase II contract that will use iTWO 5D Big Data Technology integrating iTWO, iTWO Finance and iTWO cx. Kimly had started the roll out of iTWO and iTWO Finance across the whole enterprise integrating the virtual 5D simulation with the Physical Execution, with a Big Data single source of truth database for all their projects in June 2014. With the new agreement, Kimly would be implementing iTWO cx across their enterprise and to external stakeholders of their projects such as owners, consultants and subcontractors. This next step represents a leap forward to the next level where they will utilize the single source of truth to all parties involved in construction projects.

Kimly Construction is one of the most innovative Construction companies in Singapore, and one of the pioneers of utilizing BIM technology. They were recently awarded the Platinum award from the Building and Construction Authority of Singapore (BCA) for Construction Productivity in their project "76 Shenton".

Jonathan Ng, Business Development Director of RIB Software AG: "We are pleased that Kimly Construction recognizes the benefits of an end to end integration utilizing RIB iTWO technology. With the addition of iTWO cx, Kimly would be able to collaborate with her partners in a more streamlined manner thus improving their productivity which is inline with the Singapore governments push to increase productivity in the construction sector."

About 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.



2016-06-30 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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