Elysium Inc.ELYSIUM INC. EXTENDS OFFICIAL
SUPPLIER AGREEMENT WITH RENAULT F1 TEAM SOUTHFIELD, MI, March 1, 2006 -- Elysium Inc., a leading global provider of multi-CAD enabling software, has extended its relationship as an Official Supplier to the Renault Formula One Team. With the new agreement, the elite automotive racing team expands the use of Elysium’s technology throughout its organization for 3D data translation as well as for streamlining its supply chain. Elysium’s logo will also appear on Renault’s racecars worldwide during the upcoming race season. Renault F1 Team originally implemented Elysium’s 3D CAD data translation technology in 2003. The system had been jointly developed in order to meet the specific demands of the team’s fast-paced, high-quality engineering environment. “Elysium’s 3D translation technology has proved itself critical to the processes for engineering F1 cars in our organizations,” said Alan Duerden, CAD Support Engineer, Renault F1 Team. “We use the software to ensure 3D CAD data quality can be shared throughout the organization and with our suppliers as well as having consistent, excellent CAD data translation. We are looking forward to working with Elysium to further enhance the data translation and exchange process at Renault F1 Team.” Renault F1 Team achieved double-crown World Championship victories in 2005, winning both the constructor’s and driver’s events. The achievement marked the first time a mass-market auto manufacturer has won the world championship. According to Renault F1 Team, they performed this feat with a smaller budget and fewer employees than other teams. The lean efficiency of the engineering process allowed the team to compete at the highest level. “Our work with Renault F1 Team has demonstrated to us how this industry fully leverages the best-of-the-best in engineering, design and innovation – including people, technology and materials. We are proud to be recognized as a part of this tremendously high-quality operation,” said Ken Tashiro, COO and VP, Elysium Inc. Photos available
upon request. |