MOUNTAIN VIEW, Calif., April 23, 2013 /PRNewswire/ -- Based on its recent analysis of engineering simulation for the mining industry, Frost & Sullivan recognizes DEM Solutions with the 2013 Global Frost & Sullivan Entrepreneurial Company of the Year Award. At a time when simulation technologies were not well established in the mining industry, DEM Solutions introduced its EDEM® software as a key engineering tool for mining and mineral processing equipment. Rather than position it as a standalone application, the company provided flexibility to integrate it with the existing set of computer-aided engineering (CAE) tools and capitalize on the investments already made. It used a top-down approach against the industry norm of bottom-up strategy, which enabled it to build a flexible and scalable tool.
"Despite operating in a nascent market, DEM Solutions has a strong EDEM user community and connects users through forums, conferences, and networking events, which are essential for an emerging technology," said Frost & Sullivan Senior Industry Analyst, Naveen Kumar Ramasamy. "In addition to servicing its industry customers with state-of-the-art DEM software and support for commercial applications, the Company uniquely also provides a range of options to meet academic research and teaching needs. Its EDEM Academic Partner Program (EAPP) fuels innovation and helped keep the company afloat during the economic downturn."
As part of its strategy to accelerate market adoption of its EDEM Solutions, the Company has built strong relationships with complementary technology companies and partnered with software companies such as Ansys, MSC, Dassault Systemes, and Microsoft, as well as with hardware companies like AMD and SGI.
The company is witnessing at least 20-25 percent growth every year, with significant contribution and growth potential coming from the mining sector. It partnered with several companies and academic institutions to address simulation needs for bulk material handling systems. Its EDEM software helps to strengthen the conceptual designs of several original equipment manufacturers (OEMs).
DEM Solutions developed methods for optimizing an EDEM material model to sufficiently match the bulk properties and behavior observed in the physical testing, and deployed it in the cloud. By doing so, DEM Solutions reduced the computing duration of projects from weeks to hours.
"DEM Solutions designed its user interface in the EDEM package to be easily understood by engineers, ensuring a seamless workflow throughout the engineering design cycle," noted Ramasamy. "It also allows for customization of simulation models including programmable interfaces enabling coupled multi-physics simulation with other CAE software tools such as structural mechanics, CFD and electromagnetics. This provides users with the flexibility to develop new simulation solutions and enables the company to address a wide spectrum of industry needs."
Further, DEM Solutions launched its EDEM BulkSim® software to enable customers in the Mining industry to make informed decisions during the design cycle of bulk materials handling equipment critical to the mining production chain, such as chutes and conveyor transfer points. It uniquely allows companies to deploy DEM simulation in their engineering design without requiring users to be experts in DEM. This enables them to much more easily implement DEM simulation-based design methods to increase the reliability and productivity of equipment when commissioned.
The major concern in simulation technology is the computing time for complex problems. Hence, the market adoption of this kind of technology depends on the advances in computer hardware, software, and cloud computing.
DEM Solutions' EDEM software is capable of running on multi-core parallel computers. The computing time ranges from hours to days, based on the complexity of material characteristics, behavior and rate of throughput. DEM Solutions delivers the twin benefits of superior quality of information and a reduction in the time taken to obtain the optimized design information.
Each year, Frost & Sullivan presents this award to the company that has demonstrated entrepreneurial spirit by devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in business processes, leadership in customer value as well as market penetration. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About DEM Solutions
DEM Solutions is the market leader in simulation software and services for the design and optimization of bulk particle handling and processing equipment. The Company's ground-breaking Discrete Element Method ("DEM") simulation technology and expertise provides advanced engineering and operational benefits of the Company's unique predictive modeling capability to all industries handling and processing bulk materials, enabling them to optimize equipment performance, increase productivity and operational efficiencies, and enhance product innovation. In addition to market leading EDEM® simulation software platform and EDEM BulkSim® software, the Company provides simulation and engineering support services to blue-chip companies around the world in mining & energy, equipment manufacturing and process industries.
Founded in 2003, the Company is headquartered in Edinburgh (UK) with offices in Denver (USA), Yokohama (Japan) and Shenzhen (China) supporting direct sales in Europe, Americas, Japan, China, and Australia, and channel sales in the rest of the world. DEM Solutions also works with a network of industry-expert engineering service partners worldwide supporting customers in deployment of EDEM simulation technology to address engineering challenges involving bulk particles.
DEM Solutions Ltd
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SOURCE Frost & Sullivan