Barco and Innosimulation enter into a collaborative business development agreement
Xenia, Ohio, USA – 26 March 2014 – Visualization pioneer Barco is pleased to announce that it has entered into a collaborative business development agreement with South Korea-based INNOSIMULATION. This relationship is intended to build upon Barco’s growing presence in the Asia-Pacific (APAC) region.
Barco’s Training and Simulation group is part of its Defense, Avionics and Training (DAT) business unit, and will lead the efforts with INNO SIMULATION, a fast-growing simulation company with offices in Seoul, Jakarta and Beijing. The two companies recently worked together on the Korean Aerospace Industries FA-50 trainer program.
Barco deploys visualization solutions around the world to support military and civilian training simulation. With the recent acquisition of projectiondesign, Barco now provides the most comprehensive portfolio of simulation projectors and visualization solutions available, and is coming off a record setting year in 2013 with significant growth in training systems orders.
INNOSIM was founded in 2000 and offers solutions for 3D modeling, R&D driving simulators, flight training simulators, electric motion platforms, and vehicle control systems to automotive companies, defense systems integrators, universities, research institutions, and driving schools. The company has grown rapidly and was recently recognized by the South Korean government for excellence and commitment to the simulation industry.
“The demand for simulation solutions in APAC is growing very fast, and Barco is committed to serving our customers in the region with the very best solutions, program execution and post-sales support possible”, comments Mark Saturno, Vice President of Worldwide Sales for Barco’s Training and Simulation Division. “Essential to this effort is the need to develop strong collaboration with local partners. INNOSIM has proven to be a very capable partner with whom we will create synergy to pursue new opportunities and optimize performance”.
Dave Scott, Senior VP and General Manager of Barco’s Defense, Aerospace and Training Division, adds that “Barco’s DAT business unit experienced great growth in APAC business in 2013. The significance of the region is self-evident, and Barco will continue to invest to meet the increasing demands of our customers there. Our global presence is strengthened by cooperating with skilled local partners like INNOSIM to deliver cost effective, technically superior training solutions.”
Barco, a global technology company, designs and develops visualization products for a variety of selected professional markets. Barco has its own facilities for Sales & Marketing, Customer Support, R&D and Manufacturing in Europe, North America and Asia Pacific. Barco (NYSE Euronext Brussels: BAR) is active in more than 90 countries with 4,000 employees worldwide. Barco posted sales of 1.158 billion euro in 2013.
INNOSIMULATION, with spirit of creative challenge, is an innovative and dynamic company built on extensive expertise specializing in designing, modeling, development, validation of various simulation-oriented applications including entertainment and creation of simulator test environment. INNOSIMULATION offers complete, cost-effective solutions and system integration for R&D driving simulators, training simulators, electric motion platforms, and 3D/4D motion based riders. INNOSIMULATION also continues its commitment to the production of quality system and endeavors to bring great success to its partners and customers which it cares most about.
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