Daewoo Shipbuilding & Marine Engineering signs contract with Algoryx

Seoul, Republic of Korea, 2012

Algoryx announced today that it has signed a contract for AGX to be used within Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.

DSME is the 2nd largest shipbuilder in the world, and one of the “Big Three” shipbuilders of South Korea. Revenue 2010 was US$ 11.4 billion. DSME employs 25 000 people worldwide.

About Algoryx Simulation

Algoryx was established in 2007 and has quickly positioned itself as a leading provider of industrial-grade real-time physics simulation to the global training simulator market. Algoryx’ history goes back much further however, to the mid 90’s when the founders of Algoryx created the very first human-in-the-loop-simulators for heavy ground vehicles utilizing real-time physics simulation fully integrated with 3D graphics. This was also when the term “physics engine” was coined for the software framework that encapsulates these technologies. AGX Dynamics is today the leading real-time physics engine for the global simulator and simulation market, in particular for the off-shore, maritime, automotive, robotics, and mining markets. More recently, Algoryx has also entered the CAD/CAE market and now also provides interactive physics to engineers and designers.

Partners and clients include e.g. Kongsberg Maritime, Rheinmetall, Oryx Simulations, Kongsberg GlobalSim, ANSYS SpaceClaim, MacGregor Cranes, Subsea 7, Aker Solutions, Cargotec, DRDC Canada, Atlas Copco, Volvo CE, Volvo GTT, ABB Cranes, ABB Robotics, Siemens PLM, Daewoo DSME, Heerema HMC, Komatsu, LKAB, OSC, SMSC, NTNU, Tree C Technologies, VSTEP, MARIN, AIST, Cameron OneSubsea, Fugro Intersite, SimSea, Soil Machine Dynamics SMD, and SEA.