RIB Software SE (RIB) signs a Phase-II-contract (No. 09 / 2021) with Fabcon Precast


DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
03.03.2021 / 08:39
The issuer is solely responsible for the content of this announcement.


RIB Software SE (RIB) signs a Phase-II-contract (No. 09 / 2021) with Fabcon Precast, a provider specialised in precast concrete elements for various industries, for example data centers

Pleasanton, Kansas, 03 March 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract with Fabcon Precast.

Fabcon Precast is a leading provider of structural precast panels with four strategically placed manufacturing facilities in the US, offering a variety of precast solutions for data centers, logistics centers, distribution centers and other sectors such as healthcare, retail and offices.

The manufacturing facility in Kansas is undergoing a massive digitalization initiative, which also involves the modernization of some components of the production plant. This consisted in the implementation of the highly innovative laser projection system iTWO Smart Laser, as an integrating element of the iTWO MES system. iTWO MES is part of the MTWO platform. It controls production and records all defined data of the plants. The laser projection system iTWO Smart Laser developed by RIB SAA allows a high-precision and efficient measurement of precast concrete elements on the production table. It is an additional part of the Smart Production family, which leads to a significant productivity increase and quality assurance and at the same time simplifies the daily tasks for the employees.

Heath Waddell, Director Operations of Fabcon Kansas: "We were searching for a solution to improve quality, efficiency and the working environment for our employees. The iTWO Smart Laser solution is a great solution for these opportunities."

Stefan Maier, Managing Director of RIB SAA in Vienna: "We are very pleased that Fabcon chose to upgrade its MTWO platform with the iTWO Smart Laser technology. This system complements perfectly the iTWO MES and its implementation certainly proves Fabcon's strategy to be extremely innovative and forward-thinking."

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.

03.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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