Kvaerner Oilfield Products to Implement $1 Million Product Lifecycle Management Solution from SmarTeam

LONDON--(BUSINESS WIRE)--Jan. 7, 2003--

Enterprise-wide data management solution to enhance efficiency, quality and innovation at leading manufacturer of undersea oil production systems

SmarTeam Corporation Ltd., a Dassault Systemes company (Nasdaq: DASTY)(Euronext Paris: #13065, DSY.PA) and leading provider of innovative Product Lifecycle Collaboration solutions, today announced a $1 million deal to provide cutting-edge product lifecycle management (PLM) at Kvaerner Oilfield Products (KOP).

Headquartered in Norway, KOP is a $400 million company with offices in England, Scotland, Brazil, Australia and the U.S. A leading manufacturer of undersea oil production and distribution systems for oil companies worldwide, KOP generates vast quantities of product design data, supply chain information and enterprise resource details. Maintaining current versions of designs and matching them to other relevant business information was becoming a significant challenge.

By using SMARTEAM, KOP will be able to access and manage its data more effectively, facilitate the re-use of designs and drawings, create a single point of reference for engineers, replace its document control system and ultimately make substantial savings in engineering time. These benefits are further expected to have positive impact upon product quality and innovation.

"Since we constantly revisit and modify our designs, the retrieval and updating of files is difficult to manage," said Morten Braass, vice president of Project and Engineering Support at KOP. "We need to know that we are working with the correct designs and without SMARTEAM this has proven very difficult. Also, we need this data to work alongside our other business information. We had all these systems creating supposed knowledge, but they weren't talking to each other. A piece of the jigsaw seemed to be missing."

The initial deployment of SMARTEAM at KOP will likely lead to extending the system across the rest of the Aker Kvaerner Group, so the progress and success of the installation is being monitored carefully by all sides.

"With 38 companies in the Aker Kvaerner Group, this is obviously an important contract for us," said Chris Jones, president of European Operations at SmarTeam Europe. "This initial deployment creates a real opportunity to prove just how good SMARTEAM is in a controlled and measurable way -- at one of the world's largest engineering companies."

About Kvaerner Oilfield Products

Kvaerner Oilfield Products provides a complete range of surface and subsea solutions for the oil and gas industry from concept screening and design through manufacturing, fabrication and commissioning. KOP's ability as a total system provider is backed by a wide portfolio of products that are maintained for the complete life of field. KOP's capability is available for both new and existing fields either as individual activities or complete packages. Worldwide activities are supported by five regional centers that, in turn, are backed by eight Business Streams. Information about Kvaerner Oilfield Products is available at http://www.kvaerner.com/kop.

About SmarTeam Corporation Ltd.

SmarTeam Corporation Ltd. develops, markets, and supports rapidly implemented, yet totally customizable, product lifecycle collaboration solutions that drive efficiency, quality and responsiveness for customer centric organizations and their value chains. Founded in 1995, SmarTeam is one of the fastest-growing companies in the PLM market, with over 2,000 customers worldwide and a broad solutions portfolio that enables manufacturing organizations and their supply chains to efficiently manage and collaborate on product information from concept through realization. SmarTeam's solutions help companies gain improvements in product quality, reduce costs, expedite project turnaround, comply with industry standards, and shorten time-to-market. Information about SmarTeam is available at http://www.smarteam.com.

CONTACT:  SmarTeam Corporation Ltd.
              Randy Tischler, +972 54 548-243
Email Contact
              Dassault Systemes Press Contact:
              Anthony Marechal, + 33 1 55 49 84 21
Email Contact
              Dassault Systemes Investor Contact:
              Financial Dynamics
              Emma Rutherford/Harriet Keen
              +44 207 831 3113

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