PACE and Airbus Sign 4-Year License & Services Agreement

SEATTLE and BERLIN, Feb. 5 /PRNewswire/ -- PACE, a leading provider of knowledge-based engineering software solutions, announced today that it has concluded a four-year license and services agreement with Airbus. Under this agreement, PACE remains a preferred software supplier for Airbus companies worldwide. The agreement is the third of its kind in the last decade.

Key terms of the agreement relate to the license pool, the development of future applications and the provision of comprehensive services including expertise, deployment support, training and software maintenance. At present, PACE software is deployed in several major Airbus domains, notably aircraft cabin configuration, service documentation and engineering.

This agreement is a continuation of a long and successful collaboration between Airbus and PACE. It confirms the strategic importance of state-of-the-art software tools for aerospace activities and that KBE technology enables a leading aircraft manufacturer to fully capitalize on its most important asset, its engineering and design expertise.

Alexander Schneegans, PACE Managing Director, stresses that "as a global industry leader, Airbus is not only one of our key customers but has also given decisive impulses for innovating our product and services portfolio over the years. We are very pleased about the renewal of the agreement and look forward to mutual benefits."

NOTE TO EDITORS

PACE, with offices in Germany, France and the U.S., develops knowledge based engineering software aimed at accelerating complex engineering processes. PACE software solutions help customers in the aerospace, automotive and transportation industry to better predict and plan the feasibility, performance and cost of their products.

Customers include Airbus, Air France Industries, Bauhaus Luftfahrt, Boeing, Bombardier, Embraer, Emirates, ESG, Etihad, Eurocopter, Lufthansa CityLine, MDA, Rolls-Royce, Snecma, Sukhoi and Volkswagen. More information about PACE is available on the Internet at www.pacelab.com.

SOURCE PACE America, Inc.