Structural Dynamics Research Corporation Signs Development and Licensing Agreement with Nissan

Strategic Insights -

Structural Dynamics Research Corporation (Nasdaq: SDRC) has signed a new development and licensing agreement with Nissan Motor Company, Ltd., under which SDRC's I-DEAS Master Series software will be used as the core technology for Nissan's next generation software system for automotive mechanical component design, concurrent engineering, and manufacturing. The agreement, valued at over $12 million over three years, will also see SDRC providing product development and consulting services to Nissan. This significant order for I-DEAS Master Series from a major automotive manufacturer highlights the strength of SDRC's technology.

Key Takeaways:

  • SDRC has signed a development and licensing agreement with Nissan Motor Company, Ltd., valued at over $12 million over three years.
  • The agreement will see SDRC's I-DEAS Master Series software used as the core technology for Nissan's next generation software system for automotive mechanical component design, concurrent engineering, and manufacturing.
  • SDRC will also provide product development and consulting services to Nissan.
  • The agreement marks a significant order for I-DEAS Master Series from a major automotive manufacturer, highlighting the strength of SDRC's technology.
  • I-DEAS Master Series 2.0 uniquely supports team or concurrent engineering approach to product development and is one of the easiest to use and most functionally-rich products for engineering design on the market today.
  • Nissan selected I-DEAS Master Series for its advanced solid modeling kernel, tightly-integrated analysis system, and "open" architecture that will enable Nissan and SDRC developers to integrate unique Nissan applications technology into the core SDRC system.
  • SDRC has been supplying software and services to Nissan since the mid-1970s, and has designated SDRC as its preferred vendor for mechanical design automation software on a worldwide basis.
  • Nissan is a pioneer in the manufacturing of automobiles in Japan, with annual revenues exceeding 3.4 trillion yen.
  • SDRC is a leading international supplier of mechanical design automation software and product data management software and implementation services, employing over 1,070 people and operating in 15 countries.

Statistics:

  • Value of the agreement: over $12,000,000.00 over a three-year period.
  • Amount recognized in the first quarter of 1995: $2,250,000.00.
  • Annual revenues of Nissan Motor Company, Ltd.: approximately 3.4 trillion yen.
  • Number of SDRC employees: over 1,070 people.
  • Number of SDRC offices: 61 offices in 15 countries.
  • Duration of SDRC's relationship with Nissan: over 15 years, dating back to the mid-1970s.

Sources:

  • Business Wire, "Structural Dynamics Research Corporation Signs Development and Licensing Agreement with Nissan", April 17, 1995.
  • Nissan Motor Company, Ltd., company information.
  • SDRC, company information.
  • Don Newman, Vice President of SDRC, quoted in Business Wire, April 17, 1995.
  • Al Peter, President and CEO of SDRC, quoted in Business Wire, April 17, 1995.
  • Noboru Miura, Executive Managing Director of the Nissan Corporation, quoted in Business Wire, April 17, 1995.