Prosolvia / Schlumberger, Geco-Prakla Contract Brings Simulation-based Training to the Off-shore Sector

Prosolvia and Schlumberger, Geco-Prakla announced today that they have signed a contract for the provision of a crew-training simulator for ships used in the oil and seismic survey sector. Delivery to take place before the end of 1998. The companies have also agreed on a frame contract. As part of its high-technological development, Geco-Prakla has awarded Prosolvia a multi-million contract for the development of an advanced training simulator. The purpose of the simulator is to provide realistic training for crews working with the new control system that Geco-Prakla is introducing. This new control system will entail dramatic changes in the way that crews work; it is therefore important to be able to accurately and effectively train crews prior to their placement in the new environment. "This collaboration opens the off-shore sector to simulation based training. The increased demand and competition in the offshore sector will be easier to meet with Prosolvia's solutions. We are very excited about working in this way with Geco-Prakla, and view the deal as strategically important to both our companies." States Johan Ekener, President and CEO of Prosolvia AB Geco-Prakla is a seismic survey company that is part of the Schlumberger Group, a world wide conglomerate. The company has four product lines: Marine, land, data processing, and transition zone. Geco-Prakla is a fully integrated geophysical company, and is one of the world's largest suppliers of seismic data services. The company supports the global search for oil and gas with advanced seismic services, creative technology, purpose-built equipment, and a worldwide organization. Geco-Prakla Marine introduced multi-streamer acquisition to the industry 12 years ago. Since then, their committed development efforts have resulted in the seismic industry's most advanced fleet. Prosolvia is known internationally as a world leader in the fields of interactive visual simulation and virtual prototyping. The company is based in Sweden with offices worldwide. Prosolvia specializes in real-time 3D simulations, with products ranging from integrated, turnkey systems for inexperienced users, to highly specialized development tools for the more advanced user with programming experience. Prosolvia also works closely with major players in the industrial, automotive, training, defense, research and development, and medical fields. Log on to http://www.prosolvia.com for more information. For additional information, please contact Birgitta Plyhm Prosolvia AB Ph +46 31-703 51 00 birgitta@prosolvia.se

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