MALMO, Sweden, March 29, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a Euros 500,000 agreement, with a European provider of effective logistics solutions in the form of automated material and baggage handling systems. The contract includes licensing fees and maintenance to a value of Euros 450.000 and professional services totalling Euros 50.000.
Software is an increasing part of the customers' solution, as clients demand logistics solutions, and not only a material handling component. New large-scale projects drove the need to improve software practices. Telelogic was selected after 6 months of careful evaluation, based on Telelogic's ability to provide flexibility to meet evolving needs of project and organisation.
"Telelogic's solutions are gaining interest in many industry sectors. Today's deal shows that many other industries outside Telelogic's traditional focus can take advantage of Telelogic's entire application development lifecycle solution and thereby improve quality, while significantly reducing time-to-market and overall costs," said Anders Lidbeck, president and CEO of Telelogic.
About Telelogic
Founded in 1983, Telelogic(R) is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the application development lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs.
To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations like ETSI, INCOSE, ITU-T, OMG and others.
Headquartered in Malmo, Sweden with U.S. headquarters in Irvine, California, Telelogic has operations in 17 countries worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens, Thales and Vodafone. For more information, please visit www.telelogic.com
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