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World Leader of machinery and manufacturing industry will leverage PLM solutions to consolidate and strengthen collaborative environment

Seoul, Korea, and Paris, France February 10, 2003 IBM and Dassault Systhmes (Nasdaq: DASTY; Euronext Paris: 13065, DSY.PA) today announced the signing of a new Product Lifecycle Management (PLM) solutions contract with Daewoo Heavy Industries & Machinery Limited (DHIM).

The newly acquired IBM PLM solutions will help DHIM enhance product development and consolidate collaboration environments with CATIA V5 and ENOVIA software developed by Dassault Systhmes. PLM technologies will enable DHIM to maximise efficiencies surrounding the development of products such as forklifts and passenger car engines, and exploit the collaboration features afforded by PLM solutions.

IBM Korea Global Services will provide counsel and deploy best practices that will ultimately reduce product development cycles by integrating processes including concept design, manufacturing and production. The ability of DHIM's 3,000 employees to share design information in real time across the extended enterprise, and with international partners and automotive manufacturing customers will gradually replace costly and time-consuming physical prototypes.

"The biggest objective of the project is to improve product competitiveness and establish a digital collaborative environment. We will be able not only to reduce the product life cycle but also cut costs drastically because of enhanced cooperation between departments and partners facilitated by the PLM solutions from IBM and Dassault Systhmes." said JaeGon Kim, Director, Central R&D Division, DHIM.

"A growing number of machinery and manufacturing companies are introducing PLM all across the world. IBM Korea and Dassault Systhmes have implemented many of those systems and will bring worldwide experience to meet DHIM's unique requirements." said JeMann Park, Manager, PLM Solutions, IBM Korea.

The complementary strengths of CATIA, the world's leading 3D product development solution, and ENOVIA, for collaborative data management, will enable DHIM to improve development processes and ultimately build better products," said Etienne Droit, executive vice president, Sales and Services, Dassault Systhmes. "These comprehensive PLM solutions will have a far-reaching impact on DHIM's performance by helping the company to innovate, optimise product lifecycle costs, and address new markets.

About Daewoo Heavy Industries & Machinery Ltd.

Daewoo Heavy Industries & Machinery Ltd. (DHIM) is a leading company in the machinery industry of Korea, which is providing first-class products and services in construction equipment, industry vehicles, machine tools, factory automation systems, diesel engines, and defense systems. DHIM is focusing every management resource to provide the finest products and services available by developing environmentally friendly products, acquiring international certification such as ISO 9000s, ISO 4000s, and establishing more efficient and convenient service systems.

About IBM

IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. IBM Sales & Distribution, which supports more than a dozen key industries worldwide, works with companies of all sizes around the world to deploy the full range of IBM technologies. The fastest way to get more information about IBM is through the IBM home page at

About Dassault Systhmes

As world leader in PLM (three-dimensional Product Lifecycle Management) solutions, the Dassault Systhmes group brings value to more than 55,000 customers in 80 countries. A pioneer in the software market since 1981, Dassault Systhmes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire life cycle of products from conception to retirement. Its offering includes integrated PLM solutions for product development (CATIA, DELMIA, ENOVIA, SMARTEAM), general-use 3D solutions (SolidWorks), and 3D components (SPATIAL). Dassault Systhmes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges.

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For further information, please contact:

Lesley Booth/Casey Balkham

Brodeur Worldwide

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Tel: +44 (0)20 7298 7098/+44 (0)20 7298 7043

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