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26.05.2008

CENIT receives contract from Airbus in the double-digit millions

Basic agreement concluded for application services over 5 years

Stuttgart, May 26, 2008 – CENIT has recorded a key milestone in its future business performance by winning the largest individual contract that the Company has ever seen. The basic agreement, which was signed today, includes cross-border first level support for PLM systems. These services for user support relate to all PLM-oriented systems for over 20,000 employees at Airbus. The award of the contract to CENIT, which the Company won after long negotiations against fierce competition, underlines its technology, process and industry expertise. Of course this also stems from Airbus’ Power8 programme, which features worldwide IT harmonisation and related transnationalisation in addition to cost savings and quicker development cycles. For this reason, suitable IT suppliers were and are selected at EADS level on a global benchmark and are commissioned with specific projects by EADS’ divisions. For EADS, focus on the core business and selection of long-term service partners play an important role.

“We have been working for EADS since 1999,” said CENIT member of the executive board Kurt Bengel, highlighting the great significance for CENIT. “The first projects totalled around €100,000. But this customer relationship has now taken on a new dimension. We have gained key market shares and substantially extended our position in the aerospace industry. Our investments in the customer EADS and in the qualification of our employees have been worthwhile in the long term. They were correct and necessary in order to successfully manage contracts of this scale. I am certain that this success will also be generated in other areas.”

“My praise goes to Kurt Bengel and his team, who have done an excellent job here,” added CFO Christian Pusch. We excellently and convincingly met the complex customer requirements. This only happens if you show above-average commitment in terms of the customer and the company.”

With this contract, CENIT will thus be providing the EADS Group with services involving first und second level support, training and education as well as methods and tool development. In addition to process development, the range of duties will now expand to include production and the entire process chain.

“Over the next year, we expect the number of CENIT employees used in ongoing projects to reach around 100. This is an exciting challenge for CENIT,” commented Kurt Bengel.

Send queries to:

CENIT AG Systemhaus

Fabian Rau
Industriestraße 52-54, D-70565 Stuttgart
Tel.: +49 711 7825-3185
Fax: +49 711 782544-4185
E-Mail: aktie@cenit.de