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VISTAGY to Expand its Presence in the Korean Composites Market

16 December 2009

VISTAGY has announced a strategic partnership with Maxoft, a Korean-based supplier of virtual product development (VPD) software and services that is delivering composites solutions for the aerospace, wind, automotive and marine markets.

The partnership will enable Maxoft to anchor its composites portfolio with FiberSIM software and build upon VISTAGY’s experience of this market. VISTAGY already has a successful history of working with the Korean aerospace industry and recognises the composites industry as a growth area.

“The use of composite materials and need for specialized solutions to engineer products made of these materials are both expanding rapidly in Korea,” said Sungha Oh, CEO of Maxoft. “The partnership with VISTAGY is therefore extremely important for us to deliver effective solutions to our prospects and customers. Because FiberSIM is the leading software for engineering composite products in the global aerospace, wind, marine and automotive industries, we are confident that we will be able to extend VISTAGY’s leadership position in the Korean market.”

“While opportunities in Korea continue to grow within existing industries, such as aerospace, the expansion into new markets, such as wind power, is exciting for us,” said Mamoru Iguchi, general manager of VISTAGY for Asia Pacific. “Maxoft provides a strong technical presence for VISTAGY in Korea, which is absolutely critical for supporting our customers and ensuring their success.”






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