Elektrobit Group Oyj - JOT Automation Group Plc established a company which develops 3D simulation and visualisation tools
December 10, 1999
JOT Automation Group Plc established a company which develops 3D simulation and visualisation tools
JOT Automation Group Plc has established a company, which produces 3D simulation and visualisation models and tools. The name of the new company is Visual Components Ltd. The company will operate in JOT Automation Group Plc's premises in Vantaa. JOT owns 60 percent of Visual Components Ltd and key persons working at the company own the rest 40 percent.
Visual Components Ltd will develop 3D simulation software and tools related to it for the designing and marketing of JOT Automation Group Plc's production lines and turn key solutions. The simulation system of the company will enable fast computer simulation and animation of customer specific production equipment. The software under development makes it possible to market and sell JOT Automation Group Plc's production lines and systems also by using the Internet. The first applications will come to the markets in the spring 2000.
'The 3D products manufactured by Visual Components Ltd for JOT will open totally new possibilities for the marketing of production lines and systems manufactured by JOT even by using the Internet. This will create a basis for a new operation mode, where key customers can build production line concepts and simulate their operation without any restrictions on time and space. The coming systems will make it possible to quickly and accurately take into consideration the special features of the customer's production lines and production' President, CEO Jorma Terentjeff comments. ' On the other hand the new 3D tools will also significantly intensify JOT's internal operations, because the designing time for production lines can be reduced. The new tools will also ensure to customer an optimal payback time for investments.
Craig Lybeck has been appointed as Managing Director of the new company. He has been working in the visualisation companies for more than ten years by designing simulation models, 3D tools and 3D operation concepts for several multinational companies.
JOT Automation Group specializes in manufacturing and marketing production automation for the electronics industry. The group has subsidiaries in eight countries. On September 30, 1999 the group employed 577 people and its net sales from January 1 to September 30, 1999 came to 75.4 million euros. The Company's shares are listed in the Helsinki Exchanges.
Oulunsalo, December 10, 1999
JOT Automation Group Plc
The Board of Directors
Jorma Terentjeff
President, CEO
