Intergraph Announces Strategic Relationship with SINOPEC
The relationship allows SINOPEC subordinate engineering companies unlimited access to the majority of Intergraph Process Power & Marine division engineering and design software including SmartPlant® and PDS® applications.
SHANGHAI, China, July 12, 2005 - Intergraph Corporation and China Petroleum and Chemical Corporation (SINOPEC), the largest petrochemical producer and crude oil refiner in Asia, have entered into a long term strategic relationship. The relationship allows SINOPEC subordinate engineering companies unlimited access to the majority of Intergraph Process Power & Marine division engineering and design software including SmartPlant? and PDS? applications. The strategic relationship provides flexible software use to improve competitive advantage while reducing administrative and project costs. Intergraph will supply the software along with technical support and consulting to a number of SINOPEC engineering subsidiaries throughout China.
“A key part of this long term strategic relationship is the increased levels of support and services from Intergraph that are available to the subordinate engineering companies of China Petroleum and Chemical Corporation (SINOPEC). The strategic relationship will significantly reduce project execution costs by allowing SINOPEC to meet its increasing business demands. It will consolidate and enhance the competitive advantage in the international and domestic market for the SINOPEC subordinate engineering companies,” SINOPEC officials commented. “Intergraph's leading position in the Chinese petrochemical industry is firmly entrenched and further confirmed by the establishment of this long term strategic relationship.”
The SINOPEC subordinate engineering companies have been using Intergraph software for a dozen years and the new strategic relationship will allow all parties to obtain long term benefits.
“As the leading technology provider to the petrochemical industry, Intergraph’s new strategic relationship with SINOPEC further advances our strong presence in the Chinese market,” said Gerhard Sallinger, president, Intergraph Process, Power and Marine.
Intergraph and SINOPEC announced the strategic relationship at the APEX Shanghai international conference, where the advanced SmartPlant applications are prominently featured in client presentations, demonstrations and workshops through July 13.
Intergraph Corporation (NASDAQ: INGR) is the leading global provider of spatial information management (SIM) software. Security organizations, businesses and governments in more than 60 countries rely on the company's spatial technology and services to make better and faster operational decisions. Intergraph's customers organize vast amounts of complex data into understandable visual representations, creating intelligent maps, managing assets, building and operating better plants and ships, and protecting critical infrastructure and millions of people around the world. For more information, visit www.intergraph.com.?
China Petroleum and Chemical Corporation (SINOPEC) is the largest petrochemical producer and crude oil refiner in China. SINOPEC businesses include petrochemical production, marketing and distribution as well as oil and gas exploration and production; oil refining, trading, transportation, distribution and marketing. Proven reserves include more than 3 billion barrels of oil and nearly 3 trillion cubic feet of gas. The company, headquartered in Beijing, owns more than 29,000 gas stations throughout China. The company’s stock trades on the New York Stock Exchange and on major worldwide stock exchanges.