e-SIM TO LICENSE PROPRIETARY WEB-BASED SIMULATION TECHNOLOGY PLATFORM TO NIPPON SYSTEMWARE
e-SIM Receives $900,000 Payment Under Agreement
New York, March 29, 2001 -- e-SIM (NASDAQ:ESIM), the leader in advanced
simulation technology for product development, customer support and Internet
applications, announced today that it has signed an agreement to license its
RapidPlus Version 6.0 with Java Web-based simulation technology platform to
Nippon Systemware Co., Ltd. (NSW).
"We are witnessing unprecedented growth levels in the market for Java tools
as our customers are beginning to recognize the value and cost savings
benefits by utilizing our technology," said Uri Yaffe, Executive Vice
President of Sales for e-SIM. "We look forward to working with NSW to
extend our unique suite of Web-based simulation offerings to the multitude
of consumer electronics manufacturers in Japan."
The agreement grants a license to NSW that will enable the company to create
Java-based Web simulations for its customers. The three-year agreement,
valued at $900,000, includes provisions for additional revenue generated
from all sales to NSW`s customers. With the license, NSW will be able to
produce LiveManuals, "virtual products" that look and behave like real
products for consumer electronics manufacturers in Japan. This added
functionality provides manufacturers with the ability to develop robust,
interactive solutions that will shorten the product design development
lifecycle while augmenting customer support capabilities.
"NSW has been seeking a technology solution that would assist us in more
efficiently servicing our clients, thus allowing us to provide them
technological solutions that significantly reduce their customer service
costs," said Tsuji-san, Associate General Manager, Solution Business
Division of NSW. "e-SIM offers the ability to take a variety of products
for a virtual test drive, thereby educating consumers at all points of the
purchase cycle."
NSW is the largest developer of systems integration services, software
development, system maintenance and NCSS (NSW Customer Support Services),
Multimedia Software Solutions, Internet-work System, and ASIC Devices in
Japan, working with established brands such as Sony, NEC, Kyocera, Casio and
others.
About Nippon Systemware Co., Ltd.
NSW was founded in 1966 and is based out of Tokyo, offering value-added
solutions as an information-systems integrator. NSW employs over 1,600
employees around the world. NSW `s major business areas are systems
integration services, software development, system maintenance and NCSS (NSW
Customer Support Services), Multimedia Software Solutions, Internet-work
System, and ASIC Devices. They continue to maintain strong alliances with
enterprises in Israel and India. This ensures they stay abreast of the
latest in information technology to reinforce their position as a global
enterprise. For more information on NSW, please visit the Web site;
http://www.NSW.co.jp.
About e-SIM
Founded in 1990, e-SIM Ltd. (NASDAQ:ESIM) (www.e-SIM.com) is the leading
provider of advanced simulation technology for product development, customer
support and Internet applications. e-SIM`s simulation technologies builds
off its RapidPLUS line of software products that enable product designers
and engineers to expedite the concept-to-market lifecycle by easily creating
simulated computer prototypes that are fully functional, interactive and
behaviorally identical to the manufactured products and systems. e-SIM`s
proprietary technology enables its LiveProducts division to create and
distribute electronic LiveManuals, "virtual products" that look and behave
like real products, over the Internet or Intranet. e-SIM recently released
its new customer support Web service, LiveManuals (www.livemanuals.com),
featuring its proprietary product simulations from multiple manufacturers,
interactive user manuals, personal product folios for easy reference,
comprehensive manufacturer support information and extended warranties.
Steven K. Ertel | Middleberg Euro| 212.699.2524
"Communications for the New Economy"
http://www.middleberg.com
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