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2016-12-07

ESI Group: ESI signs a Long-Term Strategic Partnership with PARC, a Xerox company

ESI signs a Long-Term Strategic Partnership

with PARC, a Xerox company

To Enhance System Modeling Solutions,

from Faults Detection to System Reliability Analysis, and Maintainability
Prediction

Paris, France - December 7, 2016 -
ESI Group, leading innovator in
Virtual Prototypingsoftware and services for manufacturing industries,
announces the signing of a
long-term strategic partnership with
PARC, a Xerox companyand renowned provider of custom R&D and technology
solutions to Global 1000
companies and government agencies. The partnership initially focuses on
expanding and industrializing PARC's advanced research project on Fault
Augmented Model Extension (FAME), initiated with the Defense Advanced
Research Projects Agency (DARPA). The partnership encompasses system
reliability modeling, system safety assessment, predictive maintenance, and
condition-based maintenance. These capabilities will come to strengthen the
already existing ESI solutionsdedicated to helping industrial manufacturers
overcome engineering issues
related to complex cyber-physical systems.

As today's industrial systems incorporate increasingly complex hardware and
software sub-systems, an integrated model- and data-driven approach has
become essential to address design, validation and operational issues
throughout the system design and operations cycles. Over the years, ESI has
been developing coherent and integrated virtual prototyping solutions that
enable industrial customers to virtually manufacture and evaluate product
performance in different environments and use cases. Today, ESI extends its
proposition to smart virtual prototyping; giving its customers the ability to
animate their virtual prototypes and use the latest technologies, including
big data analytics and machine learning, to accurately predict and manage
product operational performance from an early stage.

ESI's partnership with PARC marks the continuation of ESI's strategic
investments in system simulation. Indeed, in 2013, ESI acquired the
cloud-based system design specialistCyDesign Labs, based in the Silicon
Valley, and more recently the German companyITI GmbH, developer and vendor of
SimulationX, the leading Modelica-based system simulation application in the
field of System Modeling of cyber-physical systems. ESI has also complemented
its data-driven system analytics capabilities by acquiring earlier this
yearMineset Inc., specialized in web-based visual analytics and
machine-learning and also based in the Silicon Valley. The research projects
conducted in collaboration with PARC will accelerate the development of
hybrid virtual prototyping and data-driven analytics solutions to maximize
the useful and operationally reliable lifecycle of the products developed by
ESI's clients

Tolga Kurtoglu
, Vice President and Director of the System Sciences Lab (SSL) at PARC,
remarks:"
Industrial manufacturers want to minimize the cost of complex systems, while
maximizing performance. Design teams need to be able to quantify reliability
and mitigate risk at the earliest phase of the process. We will work with ESI
in partnership to help customers identify problem areas, gain insight, and
quantify the impact of component failure through time and use of a
manufactured system's lifecycle.
Mature and complex industries, including transportation, aerospace, defense,
and energy, will benefit from our FAME project, and we are thrilled to work
with ESI Group to bring these capabilities to customers around the world."

Fadi Ben Achour
, Electronics Business Development VP at ESI Group, comments on the long-term
strategic partnership between ESI and PARC:"We are honored that such a highly
regarded organization as PARC, with
extensive expertise in system diagnostics, prognostics and condition based
maintenance, has chosen ESI to industrialize one of their breakthrough
technologies."
He continues:"Building on our existing expertise, the results from research
conducted at
PARC will enable ESI to deliver industrial solutions to answer system level
challenges and to leverage the data generated by our customers systems during
operations. Of course, we are also excited by the impact on our efforts to
build a strong eco-system in San Francisco Bay Area and its hyper dynamic and
innovative Silicon Valley".

For more ESI news, visit:www.esi-group.com/press

ESI Group - Media Relations

Céline Gallerne

Celine.Gallerne@esi-group.com
+33 1 41 73 58 46

For additional information, please feel free to contact our international
communications team:

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About ESI Group

ESI Groupis a leading innovator in Virtual Prototyping software and services.
Specialist in material physics,ESIhas developed a unique proficiency in
helping industrial manufacturers replace physical prototypes by virtually
replicating the fabrication, assembly and testing of products in different
environments. Today, coupled with Virtual Reality, animated by systems
models, and benefiting from data analytics,Virtual Prototypingbecomes
immersive and interactive: ESI's clients can bring their products to life,
ensuring reliable performance, serviceability and maintainability. ESI
solutions help world-leading OEM's and innovative companies make sure that
their products will pass certification tests - before any physical prototype
is built - and that new products are competitive in their market space.
Virtual Prototyping addresses the emerging need for products to be smart and
autonomous and supports industrial manufacturers in their digital
transformation.

Today, ESI's customer base spans nearly every industry sector. The company
employs about 1100 high-level specialists worldwide to address the needs of
customers in more than 40 countries. For more information, please
visitwww.esi-group.com/

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News Release in PDF
http://hugin.info/156812/R/2062660/773850.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: ESI Group via Globenewswire

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