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May 14, 2000

Cadcentre Completes Services Agreement With Halliburton

COMPANY PRESS RELEASE: Global services agreement supports Cadcentre's drive to become an engineering IT solution provider and business partner to its clients.

By CBR Staff Writer

Cadcentre Group plc (Cadcentre), the international market-leader for integrated IT solutions which aid the engineering of process and power plants, has announced the completion of a CAE (computer-aided engineering) services agreement initially valued in excess of US$1M with Halliburton Company, a world leader in energy equipment, energy services, engineering and construction.

Under the terms of the agreement Cadcentre will play a key role in the continued development of world-leading computer-aided engineering solutions, in particular those used by Halliburton’s Brown & Root Energy Services (BRES) in their projects worldwide.

Commenting on the announcement BRES vice-president, B C Liew said: Cadcentre has been a significant technology provider to BRES for 18 years and we have built a valued and trusted relationship with the company over this long period. The completion of this services agreement gives not just BRES, but Halliburton access to IT skills and technologies that are essential to meet our rapidly expanding business demands.

Cadcentre’s long experience in supporting the process industry, in particular its long association with BRES as a technology supplier, combined with a growing diversification in its own portfolio of applications and systems, has dramatically enhanced the capabilities essential to position it as an effective, all-embracing CAE IT services provider. It is these skills which Halliburton sees as an important factor in their need for continuous improvement in the engineering IT environment, to support the exacting demands in an increasingly competitive and rapidly changing global business environment.

Cadcentre chief executive, Richard Longdon added: Our agreement with Halliburton is a milestone in Cadcentre’s evolution from product vendor to total services partner. We will work closely with Halliburton to maximise the overall business benefit offered by our expertise, and assist in the execution of their business process. By managing the integration of engineering IT solutions with Halliburton’s workflows and existing business systems, we will enable them to reduce their in-house product support resource and to focus on their core competencies.

Cadcentre already has considerable integration experience, having completed a range of successful integration projects for its customers. The company’s services strategy is being driven by Tony Christian, managing director of the company’s technology and services division, who has a long career history in consulting in the chemical, oil and pharmaceutical industries.

Longdon foresees an impressive future for Cadcentre in its evolution as a provider of process plant engineering IT solutions and services: Our customers want to develop relationships with secure suppliers of the very best solutions. Experience, quality and stability are the keys to future success. Cadcentre has been established for over 30 years and active in the plant design market for more than 20 years, continuously evolving and always offering pioneering, industry-leading solutions.

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