eNGENUITY Technologies and Pi Technology Join Forces in the Automotive Market
DETROIT--Oct. 22, 2002--eNGENUITY Technologies Inc. (TSX:EGY), a leading provider of software tools and components for the efficient development of advanced visual applications and Pi Technology, a leading developer of innovative electronic systems for the automotive market, today announced that both companies have entered into an agreement to bring to market new products and services for the development of dashboard displays within the automotive market.As part of this agreement, Pi Technology will integrate eNGENUITY's SPeED product and The Mathworks' Simulink product together. The resulting solution will allow a rich Human-Machine-Interface (HMI) to be overlaid on a complex behavioral system model and will be used either to perform high-fidelity simulations in the early stage of a project or to create standalone deployable executables. Applications for this product include the creation of integrated in-vehicle instruments such as instrument clusters, dashboards, telematics and infotainment systems. The new product will be part of eNGENUITY's product line and will be available in the first quarter of 2003.
SPeED and its sister product VAPS are benchmark products within the embedded visual software market. The new product resulting from this new agreement will significantly improve how behavior is coupled with visual components. Such a facility will be of considerable interest to eNGENUITY's customers in the Automotive and Aerospace industries.
"We are both extremely proud and happy to leverage Pi Technology's unparalleled expertise on behavior modeling to improve our products and satisfy our customers' future requirements", said Patrice Commune, President of eNGENUITY Technologies. "As part of our strong commitment in the automotive market, this joint investment will offer our customers new ways of building intelligent and sophisticated in-vehicle embedded applications", continued Patrice Commune.
"Automotive and aerospace systems are too complex to model in their entirety with just one tool," said Julian Styles, Business and Technology Manager, Pi Technology. "A combination of HMI and system models provides a new level of power in simulation.
We are delighted to be working with eNGENUITY to help make this approach a reality, and to further exploit the undoubted power of the SPeED product family."
A demonstration of solutions developed by eNGENUITY Technologies and Pi Technology will be demonstrated at Convergence 2002, booth #1421, October 21-23, 2002.
About Pi Technology
Pi Technology is a world leader in the design and development of electronics and software for automotive markets. Pi's products and services cover the whole range of automotive electronic systems, including powertrain and chassis control, advanced alternative fuel systems, driver information systems, in-car infotainment, and sophisticated development and testing tools. The company now employs 140 engineers in its Cambridge, UK and Detroit, USA offices, and has over 500 years of experience in automotive developments. http://www.pitechnology.com
About eNGENUITY Technologies Inc.
eNGENUITY Technologies is a leading provider of software tools and components for the efficient development of advanced visual applications. The company specializes in Human-Machine-Interface, simulation and Java 2D(TM) visualization solutions. eNGENUITY Technologies' products provide the means to dramatically shorten development cycles while improving software performance reliability. Our tools are currently in use by over 800 customers globally within thousands of mission, business and safety-critical applications. The Company is headquartered in Montreal and has offices and distributors throughout Canada, the United States, Europe and Asia. http://www.engenuitytech.com
Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties that could affect the Company's abilities to achieve its objectives and cause actual events to differ materially from expectations. These risks and uncertainties are described in the Company's prospectus filed with the Canadian Securities Commissions on July 12, 1999 and its Annual Report for fiscal year 2001 filed on March 22, 2002.