RIB Software AG: iTWO Cloud Solution Supports the Construction of 2014 Formula 1 Singapore Grand Prix

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

21.03.2014 / 16:18


Stuttgart, 21 Mar 2014. Faithful + Gould, the construction project manager
of the prestigious 2014 Formula 1 Singapore Grand Prix, has signed an
inaugural Phase agreement to use iTWOcx Cloud to manage the establishment,
operation and removal of the racing circuit and supporting facilities. With
the on demand Cloud-based collaboration solution, Faithful + Gould is able
to manage the exchange of information and Cloud-based collaboration amongst
the stakeholders in an optimal Real Time environment.

The Singapore Grand Prix, held at the Marina Bay Street Circuit, is the
only night street race in the world, and one of the highlights in the FIA
Formula 1 World Championships. The 5.073 km circuit made of public roads in
and around the Raffles District and Marina Bay areas of Singapore is
principally a commercial district, consisting of retail, hospitality and
cultural centres together with an area of parkland.

Thomas Wolf, CEO and Chairman of RIB Software AG:
"I am living now over 10 years in Asia and since January 2014 in Singapore.
The Formula 1 night street race is one of the Singaporean highlights in the
year of the horse, which signifies speed and success, and we are proud and
honored to provide our iTWO cloud technology to support the successful
project delivery of the Singaporean Formula 1 Grand Prix in time and on

Sanjay Sivanandan, President of RIB Asia Pacific & Middle East:
"iTWO Cloud-based Collaboration is a perfect fit for the Singapore Formula
1 Night Race, where cutting edge technology, speed, precision, teamwork and
high performance engineering are required to win. We now see significant
demand and growth for our iTWO Cloud-based collaboration solution in all
our international markets, as clients demand more real time integrated
collaboration, high performance engineering & construction precision with
the best technology available."

About Faithful + Gould
Faithful + Gould, a member of Atkins group of companies, offers
professional services that covers building surveying, construction
programme management, contract administration, employer's agent, health &
safety, migration management, programming & planning, and project

About RIB Group
RIB Software AG is an innovator in construction industry. The company
designs, develops, and offers iTWO technology for the construction industry
worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise
solution for construction industry. Since its inception in 1961, RIB
Software AG has been the pioneer in construction innovation, exploring and
bringing in new technology, new thinking and new working method 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 600 talents located in over 30
offices worldwide, RIB is serving 100,000 clients including construction
contractors, developers, owners, investors and governments, in the field of
building construction, infrastructure, EPC sector, etc.

End of Corporate News


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Language:    English                                               
Company:     RIB Software AG                                       
             Vaihinger Str. 151                                    
             70567 Stuttgart                                       
Phone:       +49 (0)711-7873-0                                     
Fax:         +49 (0)711-7873-311                                   
E-mail:      [email protected]                                 
ISIN:        DE000A0Z2XN6                                          
WKN:         A0Z2XN                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
End of News    DGAP News-Service  
258963 21.03.2014                                                      
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