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Comet Solutions(R) Partners With JSOL Corporation for Japan Market EntryJSOL Customers to Benefit From Comet Workspace for Model-Based Concept Engineering (June 27, 2012)
CINCINNATI, OH -- (Marketwire) -- 06/27/12 -- Comet Solutions, Inc., the innovative provider of Comet® software for model-based concept engineering starting early in the product design cycle, today announced a partnership agreement with the JSOL Corporation through which JSOL's Engineering Technology Division will sell and support the full suite of Comet products in Japan. With headquarters in Tokyo, Japan, and 40 years in the Japan market, JSOL provides IT solutions tailored to customer needs in every area, from IT consulting to system implementation and operation, and is the top distributor in Japan for the LS-DYNA® product. JSOL has a diverse customer base in most major manufacturing industries, with concentration in automotive, heavy industry, machinery, and consumer electronics.
JSOL first introduced Comet to the Japanese market at the June Design Engineering & Manufacturing Solutions Expo (DMS), Japan's largest exhibition gathering of IT solutions, such as CAD, CAE, ERP, and production systems. As part of the partnership, Comet will support integration with the LS-DYNA product developed by Livermore Software Technology Corporation. JSOL also will take advantage of Comet's tool-open and extensible technology to offer its customers solutions that integrate other JSOL and leading commercial CAE tools. JSOL will introduce Comet directly to its customer base at the LS-DYNA and JSTAMP Forum (a JSOL user conference which attracts hundreds of attendees), scheduled for July 18/19, 2012, in Nagoya, Japan.
Expanding the availability of its software through international partners is a stated growth strategy of Comet Solutions. The CAE market in Japan is forecasted to grow at a CAGR of 11 percent through 2014 and a major trend is increased integration of CAE and CAD, making Japan a strong choice for market expansion. Building on this growth strategy, the partnership with JSOL also accelerates Comet's entry in the global automotive market because JSOL and the LS-DYNA product have a strong position in the automotive industry. Commented Dan Meyer, President and CEO of Comet Solutions, "We achieved over 220% revenue growth in China in 2011. Now, with the partnership with JSOL, we expect to continue record company growth fueled by multiple Asian markets."
According to Toshihiro Hayashi, General Manager, JSOL Engineering Technology Division, "Comet is a proven tool that makes CAD-integrated process automation and concept design exploration easier and faster, and lets the designer utilize CAE more effectively. With Comet and its Intelligent Templates, customers can achieve higher quality, lower costs, and shorter development time with better-informed decisions. We are looking forward to a long-term relationship with the Comet brand."
Added Meyer, "JSOL has deep knowledge of CAE, strong technical services capabilities, and a keen understanding of how customers desire to take better advantage of CAE to achieve their product development goals. These competencies and the mutual commitment to long-term customer success make them a natural partner for Comet Solutions."
About JSOL Corporation
JSOL Corporation is a group company of NTT Data and the Japan Research Institute. By matching the advanced technology and business know-how developed during its days as the Japan Research Institute in a broad array of fields from finance and public services to production with the all-encompassing power of the NTT Data Group, JSOL is able to provide solutions that further increase mobility and expertise. Each member of JSOL becomes a powerful specialist, and progresses into a total IT service provider who can provide high quality IT service. For more information, visit JSOL at http://www.jsol.co.jp/english/.
About Comet Solutions, Inc.
Comet Solutions develops and markets a workspace for engineering teams to do rapid and robust design space exploration from concept discovery and selection through concept validation using a model-based engineering approach powered by proprietary Abstract Engineering Model® technology. Comet® software is a tool-open, extensible, vendor-neutral performance engineering workspace that enables multi-fidelity, multi-physics modeling and simulation. With Comet, companies can exploit the full potential of their existing CAD/CAE/PLM tools and explore more design alternatives, enabling the rapid development and delivery of more innovative, higher quality, and cost-effective products. For more about Comet Solutions' products, send email to email@example.com or visit the company's website at www.cometsolutions.com.
President and CEO
Comet Solutions, Inc.
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