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2016-10-20

BIMobject AB: Tata Steel and BIMobject® sign development agreement

BIMobject AB (BIMobject) and Tata Steel UK Ltd (Tata Steel) today announce
that they have signed a development agreement with BIMobject. Tata Steel is
one of the leading construction product manufacturers in the UK. The
agreement enables the two companies to work together in developing new tools
for the advancement of data delivery for Building Information Modelling
(BIM). The technology will allow data to be applied to products across the
virtual construction world, providing greater flexibility to designers and
enabling data to be used for a multitude of purposes within the built
environment.

Tata Steel use IBM solutions for its PIM (Product Information Management)
system, which in combination with the BIMobject Cloud Platform which uses IBM
Softlayer (including IBM Bluemix) creates exciting opportunities to improve
data integrity. These capabilities significantly strengthen the single source
of truth between PIM and BIM, by streamlining data access and information
flows between the two data sets.

With the UK Government - and other governments worldwide - now requiring BIM
for centrally funded projects, the need for accurate and relevant data to be
provided by building product manufacturers is becoming paramount. This
partnership will help lead the way for innovation in data delivery and
encourage other manufacturers to invest in supporting the digital
transformation in the Construction Industry.

"As BIM moves into an increasingly data rich environment it becomes even more
important for building product manufacturers to make sure that they are
providing accurate data and with the flexibility to adjust this as industry
needs change. BIMobject Open Property Cloud (BOPC) already offer architects,
designers, and manufacturers great flexibility in the management and
provision of object data",
says Stefan Larsson, Founder and CEO of BIMobject.

"The vision at Tata Steel, to better service their customers and to integrate
existing Product Information Systems with BIM, strongly aligns with the
BIMobject vision and we are delighted to be partnering with them in the
development and deployment of these new advanced technologies"
says, Alex Small, BIM manager at Tata Steel.

Alex Small continues:
"With the UK Government, and many private companies, now asking for BIM level
2, Tata Steel need to ensure that they are able to deliver not just high
quality products, but the data, technology and services that are required to
accompany them.

The move towards BIM level 3, functional building efficiency and the 'Internet
of Things' will all require new ways for Tata Steel to work with our
customers and supply chain. There is no doubt that the company will need to
work ever more closely with specifiers in the future and will therefore need
to have digital tools that enable product information to be available to them
in the formats they require.

BIMobject® is leading the way in delivering product data and we are delighted
to be working with them to deliver these necessary tools."

Tata Steel's BIM objects

Tata Steel now have all of their UK construction products available to
download viabimobject.com. Alternatively you can follow the links from its
product pages atwww.tatasteelconstruction.com/BIM

For more information, please contact:

Stefan Larsson, CEO
Tel: +46 40- 685 29 00
E-mail: info@bimobject.com

This information is information that BIMobject AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 09:20
CEST on October 20th, 2016.

About BIMobject®

BIMobject® Corporation, acknowledged by investors with a Global Red Herring
100 award, and a public company on Nasdaq Stockholm First North: ticker BIM.
BIMobject® is a game changer for the construction industry worldwide with its
cloud based digital content management system for BIM objects.

BIMobject as a disruptive technology corporation is at the forefront of the
digitalisation of building products and materials, enabling the information
to be turned into know-how earlier in the BIM processes. The BIMobject Cloud
is a digital platform, where BIM professionals can reach and download BIM
files from brands, from both Europe and US. This will enable
industrialisation of the construction industry and also have a huge impact on
design, product selection, constructability, waste, energy, cost, quality and
logistics.

Our unique solutions for Building Product Manufacturers provide development,
hosting, maintenance, syndication and publication of the digital replicas of
the manufacturers' products - BIM objects. The marketing and pre-sales
services associated with the BIMobject Cloud are channeled and integrated,
through Apps, into CAD/BIM applications to create a business-to-business
communication across the globe.

Manufacturers use BIMobject® to promote and deliver their products directly
into BIM processes enabling their products to be selected and generate a real
improvement in sales.

Certified Advisor: Sedermera Fondkommission

https://bimobject.com

This is an English version of an original Swedish press release communicated
by BIMobject AB. In case of interpretation issues or possible differences
between the different versions, the Swedish version shall apply.

About Tata Steel's European operations

Tata Steel is one of Europe's leading steel producers, with steelmaking in the
UK and Netherlands, and manufacturing plants across Europe. The company
supplies high-quality steel products to the most demanding markets, including
construction, automotive, packaging, lifting&excavating, energy and
aerospace. Tata Steel works with customers to develop new steel products that
give them a competitive edge. The combined Tata Steel group is one of the
world's largest steel producers, with a steel capacity of more than 28
million tonnes and 75,000 employees across five continents.

www.tatasteelconstruction.com

Tata Steel and BIMobject® sign development agreement
http://hugin.info/158772/R/2050139/766815.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BIMobject AB via Globenewswire

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