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Immersive Technologies Strengthens Relationship with Caterpillar through Global Licensing Agreement

8 November, 2004 - Perth Australia

 

Immersive Technologies Pty Ltd. announced today a major expansion of their long-standing relationship with Caterpillar through the signing of an exclusive global Technical Information and Licensing Agreement.

The agreement is an outcome of a recent 6 Sigma project by Caterpillar that investigated the potential to align growth in heavy equipment training simulators with current and future business requirements while also investigating suppliers of equipment simulators.

“This arrangement reflects our ongoing desire to develop strong business relationships with Caterpillar that will be mutually beneficial.

Immersive Technologies has demonstrated it has the technology and capability to meet both Caterpillar’s and our mutual customer’s needs.” said Peter Salfinger, CEO Immersive Technologies.

“It makes good business sense for us to combine our strengths to improve the productivity of our customers through simulation training,” said Bill Berlinger, Manager of Corporate Technology Licensing at Caterpillar Inc.

Training simulators built by Immersive Technologies are able to achieve an advanced level of realism and fidelity through the use of proprietary data and machine technical information licensed from Caterpillar.

As part of this agreement Caterpillar will exclusively recommend Immersive Technologies’ products advanced training simulators to CAT dealers and customers. This agreement confirms Immersive Technologies’ position as the leading simulator supplier.

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About Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of surface and underground Advanced Equipment Simulators to the global mining industry. The company has achieved this unique position by focusing on its mission to make every mining and earthmoving equipment operator in the world safer and their employer more profitable through its simulation technologies. Immersive Technologies' Advanced Equipment Simulators are helping hundreds of mining companies around the world to increase their equipment operators' safety and site profitability through effective simulation training.

Immersive Technologies provides its customers with the most effective Advanced Equipment Simulators available. This is made possible through the formal exclusive licensing and technical information alliances Immersive has established with the leading Original Equipment Manufacturers (OEM), including: Caterpillar, Hitachi, Komatsu and Liebherr. These unique alliances provide Immersive Technologies with exclusive access to the OEM's proprietary and confidential machine technical information that is required to correctly simulate the OEM's machines and is not available through other public or dealer channels.

With advanced simulator modules deployed in 39 countries, Immersive Technologies is dedicated to provide outstanding service. To deliver on this commitment the company has customer sales and support offices located close to its customers in Perth and Brisbane Australia, Salt Lake City USA, Calgary, Ottawa & Vancouver Canada, Monterrey Mexico, Lima Peru, Santiago Chile, Bochum Germany, Johannesburg South Africa, Jakarta Indonesia, Kolkata India and Jeddah, Saudi Arabia.

Immersive has the global mining experience, innovative technology, product range, OEM relationships, proven support commitment and industry vision to partner with you to ensure your simulator training solution delivers the significant results you expect.