MALMO, Sweden, Nov. 15, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that BAE Systems Australia Limited has entered into an agreement with Telelogic for the provision of Telelogic tools and services. The initial period of the agreement is three years from 1 January 2005 with further options for BAE Systems to extend it to the end of 2014. The value of the agreement for the initial three year period is US$ 1.6 million.
"This agreement strengthens our long-term relationship with BAE Systems even further," said Anders Lidbeck, President and CEO for Telelogic. "BAE Systems has been a Telelogic customer for many years and like many other leading companies in this market BAE has to build increasingly complex systems to the highest safety and quality standards. We are very proud that they have chosen Telelogics application lifecycle solution for meeting these challenges."
About Telelogic
Founded in 1983, Telelogic(R) is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the application lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs.
To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations like ETSI, INCOSE, ITU-T, OMG and others. Headquartered in Malmo, Sweden with U.S. headquarters in Irvine, California, Telelogic has operations in 17 countries worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens, Thales and Vodafone. For more information, please visit www.telelogic.com
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=50560&fn=wkr0001.pdf