Cadcentre Group PLC - Re Agreement Completed
May 15 2000 - 3:00AM
UK Regulatory
RNS Number:5427K
Cadcentre Group PLC
15 May 2000
CADCENTRE GROUP PLC
COMPLETES $1M SERVICES AGREEMENT WITH HALLIBURTON
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 $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.
Richard Longdon, Cadcentre's Chief Executive commented :
"We are delighted to have signed this services contract,
initially worth $1 million, with Halliburton. We have been
working towards creating a services business in which we
provide systems integration and facilities management for the
design and engineering environment within our major customers.
This is our first major contract and we are confident of
expanding this part of our business - complementing our
traditional software and services activities."
Richard Longdon, Chief Executive;
or John Dersley, Finance Director 01223-556655
Steve Liebmann or Nicky Cronk at
Buchanan Communications 020-7466 5000
END
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