VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)--

Regulatory News:

Dassault Systèmes (Euronext Paris: #13065, DSY.PA) (Paris:DSY) announced that Chevron Products Company, a division of Chevron U.S.A., and a manufacturer and supplier of premium base oils and finished lubricants, selected the 3DEXPERIENCE platform to accelerate the development of lubricant products that are sold under the Chevron, Texaco and Caltex names worldwide.

Chevron’s lubricants business has a history of innovation that includes hundreds of new or changed product projects annually. Each project involves dozens of participants across various disciplines all working on different formulations, regulations and raw materials in multiple locations. In order to maintain its leadership position in the lubricants market, Chevron sought to reduce this complexity and improve development cycles.

Dassault Systèmes’ “Perfect Product” industry solution experience responds to Chevron’s lubricants business needs. “Perfect Product,” based on the 3DEXPERIENCE platform, connects users across a company’s global operations in a digital collaborative environment to help it to reduce time, resources and costs associated with new product development.

By taking steps to achieve greater traceability of product formulations and materials, and to standardize processes for product reviews and approvals, Chevron aims to reinforce product quality across its portfolio. Using the 3DEXPERIENCE platform, multiple functions inside Chevron’s lubricants business and in different locations will be able to access a single source of searchable and reusable product data, gain insight into project status and target completion dates at any time, and enable supply chain activities.

“We turned to Dassault Systèmes to support our efforts to build on more than a century of scientific lubricants research and innovation,” said Brian Stripling, General Manager, Brand, Technology and OEM, Chevron Lubricants. “We aligned our processes and work based on best business practices and functionality thanks to the services of Tech Mahindra, Dassault Systèmes’ systems integration partner. As we continue this journey to reduce complexity, we have embarked on integrating additional processes into our Dassault Systèmes platform.”

"Dassault Systèmes’ 3DEXPERIENCE platform enabled us to rapidly iterate with business stakeholders in delivering digital transformation of product development processes,” said Ashim Guha, Vice President Consulting & Enterprise Solutions, Tech Mahindra. “The customer was able to transition from legacy Lotus Notes apps to the new platform in less than a year and on budget.”

“Oil and gas - like most of the energy, process and utilities sector - has complex processes which can cause issues that are discovered too late in the product development process and delay the delivery of solutions to market,” said Thomas Grand, Vice President, Energy, Process and Utilities Industry, Dassault Systèmes. “The 3DEXPERIENCE platform helps accelerate new product introduction by offering stakeholders across the value chain easy and real-time access to relevant information about the products they are working on. This opens opportunities for companies like Chevron to benefit from an enterprise-wide approach to innovation that the 3DEXPERIENCE platform makes possible.”

About Dassault Systèmes

Dassault Systèmes, the 3DEXPERIENCE Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced, and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 220,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com.

3DEXPERIENCE, the Compass logo and the 3DS logo, CATIA, SOLIDWORKS, ENOVIA, DELMIA, SIMULIA, GEOVIA, EXALEAD, 3D VIA, BIOVIA, NETVIBES and 3DEXCITE are registered trademarks of Dassault Systèmes or its subsidiaries in the US and/or other countries.

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