http://www.d-simlab.com/ en-us images/logo.gif Mon, 01 Mar 2010 00:00:00 +0800 news.php?id=2010-03-01
D-SIMLAB’s flagship product for the aviation industry is D-SIMSPAIR, an advanced simulation-based spare parts planning and optimisation system. In the last few years of operations the client base of D-SIMSPAIR has been growing consistently. D-SIMLAB has also ventured into Semiconductor manufacturing through a subsidiary in Germany. The investment deal will enable further development of the aerospace vertical and accelerate the semiconductor business.

The Investment deal is an independent endorsement of D-SIMLAB Technologies’ business model, business execution capability, and technology innovativeness. The valuation of the company has multiplied compared to the earlier round of financing in February 2008. Said Tong Guan, Executive Director of TGBPL, “We have invested in D-SIMLAB because we believe in its business model and we feel that the management has the expertise to provide excellent solutions to its clients. We also firmly believe that D-SIMLAB high performance simulation based decision support solution will benefit its clients to achieve significant cost savings."

Exploit Technologies had incubated D-SIMLAB for close to 18 months when the company first started business in 2007. On D-SIMLAB’s investment deal, Mr Philip Lim, CEO, Exploit Technologies, said, “The investment is a vote of confidence in D-SIMLAB and A*STAR’s technology. D-SIMLAB’s ability to help clients regularly re-optimise spare parts inventory allocation and logistics policies has profound implications in the evolving aerospace industry. The application of their technologies into the semiconductor domain is very promising too. We are happy that TGBPL shares our vision in the potential of the company.”

Dr. Peter Lendermann, CEO, D-SIMLAB Technologies, who has been leading the team all the way since its SIMTech days said, “This is a great milestone for D-SIMLAB. With this investment we can confidently claim that D-SIMLAB has evolved from a high-tech start-up into an established company with a proven track record and potential to be a leader in providing simulation-based decision support solutions for asset intensive industries. This investment will provide us the needed fuel to drive our growth further into semiconductor and in future other domains.”

Said Andy Bottomley, Co-CEO, Imprimatur Capital, “D-SIMLAB continues to make rapid progress on a broad front. We at Imprimatur Capital are delighted this investment has been secured and we are confident that the management team will put the new capital to work in order to continue the very exciting commercial development of the D-SIMLAB business. We welcome TGBPL as new shareholders and look forward to working together to making D-SIMLAB a global success story.”]]> Mon, 08 Feb 2010 00:00:00 +0800 news.php?id=2010-02-08
D-SIMLAB’s flagship product for the aviation industry is D-SIMSPAIR, an advanced simulation-based spare parts planning and optimisation system. D-SIMSPAIR enables the ongoing paradigm shift in the aviation industry. It can be applied across the entire lifecycle of spare parts logistics network. The product has seen increased acceptance by multi-national customers. It aims to become the de-facto tool to study, develop and execute component support contracts in the aviation industry. In June 2009, D-SIMLAB also received a prestigious Proof-of-Value (POV) grant under SPRING Singapore’s Technology Enterprise Commercialisation Scheme (TECS) to further extend D-SIMSPAIR to include a novel “symbiotic simulation” framework.

This MOU is aimed to extend partnership between D-SIMLAB and EADS for development of new spare parts logistics policies for future Airbus aircraft platforms and analysis of advanced spare parts logistics policies for mission-centric flight operations. This would also open up the military market for D-SIMSPAIR, a mission-centric version of which is presently under development.

The MOU is an endorsement that D-SIMLAB Technologies’ capabilities and technology innovativeness meet critical enterprise needs for a spare parts service optimisation solution. Said Gan Yeow Beng, head of EADS IW Singapore: “D-SIMLAB is an important partner in advancing our spares management capabilities. Leaner operations and better service levels for our customers is an essential priority for EADS, and we are delighted to be a key driver for the development of this tool. With this new MOU in place, our research can move even faster and further."

Exploit Technologies had incubated D-SIMLAB for close to 18 months when the company first started business in 2007. On D-SIMLAB’s tie-up with EADS, Mr Philip Lim, CEO, Exploit Technologies, said, “We are delighted that a forward-looking MNC like EADS finds a natural partner in D-SIMLAB, a company that we have helped grow at an early stage both its technology roadmap and business plan. This new partnership is a strong testimony of D-SIMLAB’s capability and potential. We are confident that D-SIMLAB will be able to meet EADS’ advanced technology needs, and to help enhance the future of spare parts logistics management in civil and military aviation.” D-SIMSPAIR’s engine was developed by the founding team at Singapore Institute of Manufacturing Technology (SIMTech).

Dr. Peter Lendermann, CEO, D-SIMLAB Technologies, who has been leading the team all the way since its SIMTech days said, “This is a great milestone for D-SIMLAB. Although we have already been working with a number of Aerospace companies, with this formal engagement with EADS we can confidently claim that D-SIMLAB has evolved from a high-tech start-up into an established player and even a leader for providing simulation-based decision support solutions for spare component service optimisation. This will also strengthen the relationship with our present customers as a validation of the support they have provided since our early years.”

Said Andy Bottomley, Executive Director, Imprimatur Capital “Imprimatur is committed to backing global best-of-breed new businesses. D-SIMLAB continues to prove that it is decisively in this category and we are delighted with the agreement with EADS. We look forward to this being an exciting and valuable co-operation.”

The signing ceremony was held at the Singapore Airshow, and the MOU was signed by Dr Peter Lendermann, CEO of D-SIMLAB Technologies and Mr Gan Yeow Beng, VP and Head of EADS Innovation Works Singapore. Dr Jean Botti, EADS Chief Technical Officer, and Mr Boon Swan Foo, Chairman Emeritus of D-SIMLAB, have witnessed the proceeding.]]> Thu, 04 Jun 2009 00:00:00 +0800 news.php?id=2009-06-04
TECS is a competitive grant in which proposals are ranked based on the evaluation of a team of reviewers, and the best proposals are funded. D-SIMLAB submitted its Proof-of-Value (POV) proposal during the Grant Call in January this year.

D-SIMLAB will be using the Grant to develop a novel “symbiotic simulation” framework where a simulation model interacts with the real system it represents in a symbiotic manner such that the real system can benefit from re-optimisation runs carried out in the simulated system and the simulation model can benefit from adaptations in the real system. The project will bring disruptive changes to both current methods and markets because for the first time companies will be able to own and use a high-visibility and high-accuracy decision support tool to optimise critical parameters of complex day-to-day operations that are subject to random effects. The ability to adapt the underlying simulation model in connection with the ability to conduct simulation-based optimisation at any decision point in time will make continuous risk assessment possible and ensure that savings are real and maintainable. As a result a traditionally “nice-to-have” technology for strategic and tactical decision-making will eventually be transformed into an indispensable “must have” tool for operational decision-making. D-SIMLAB plans to introduce this technology for spare parts management in the aerospace industry and semiconductor manufacturing through their flagship products D-SIMSPAIR and D-SIMCON, respectively.

D-SIMLAB, a company that spun off in 2006 from the Singapore Agency for Science, Technology and Research (A*STAR), has achieved much over the last three years. As a former incubatee of Exploit Technologies – the marketing and commercialisation arm of A*STAR – D-SIMLAB has benefitted from the mentoring efforts and business leads generated by its incubator. The company has ventured overseas in October 2008 by establishing a European subsidiary to better serve its expanding pool of European clients, and also to support a pilot project with a leading German semiconductor manufacturer. Additionally, as part of its future plan, D-SIMLAB has secured a key MRO player and a major semiconductor company as lead customers for the specific purposes of the proposal under TECS Grant. D-SIMLAB’s founding team consisting of Dr. Peter Lendermann, Gan Boon Ping and Dr. Nirupam Julka, were conferred the A*STAR Scientist Entrepreneur Award 2009 for successfully commercialising their research.

Commenting on the successful Grant Award, Dr. Peter Lendermann, CEO and Co-Founder of D-SIMLAB said, “The TECS POV award is an independent endorsement of our technology development and commercialisation plans in the Aerospace MRO and Semiconductor Manufacturing industry. The development of this Symbiotic Simulation framework and its implementation in the industry will propel the value proposition of D-SIMLAB to the industry.”

Mr Boon Swan Foo, Chairman of D-SIMLAB and Executive Chairman of Exploit Technologies said, “Receiving the competitive TECS Grant is a strong testimony to Exploit Technologies’ efforts in nurturing the young company; and in D-SIMLAB’s excellent implementation of its marketing and development plan, which is backed by robust A*STAR’s technology. Exploit Technologies has worked very closely with D-SIMLAB since its infancy days when the founders were still researchers with the A*STAR’s Singapore Institute of Manufacturing Technology (SIMTech). Recognising D-SIMLAB’s market potential, we have at the on start helped in evolving its business plan, raising funds, opening doors to business opportunities, providing mentoring services and lending our support in the company’s daily operations.

“We are heartened that D-SIMLAB has brought to fruition our efforts through its early successes in securing major customers and venturing overseas; all these despite the bleak economic conditions. Exploit Technologies remains committed in our quest to incubate more of such companies like D-SIMLAB; so as to develop a robust pipeline of promising made-in-Singapore technologies and start-ups.”

The company’s focus on long-term development plan has also attracted substantial investment last year from Imprimatur Capital, an international investor in technology backed businesses. “D-SIMLAB is an exciting and rapidly growing company with best of breed technology and a great track record of execution in their target markets and we are extremely happy to have made our investment in the business. They are also a showcase for Singapore and what it can offer in terms of early-stage growth technology businesses. We are confident their recent accolades will spur them on to greater success and look forward confidently to them realising their full potential,” said Andy Bottomley, Executive Director of Imprimatur Capital, UK.
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With operations established in key aviation hubs in the Americas, Asia Pacific and Europe, ST Aerospace is one of two MRO providers in the world with a global network. Mr Boon served a term as its President.

Mr Boon is also the Deputy Chairman of OrangeStar Investment Holdings Pte Ltd, under which Jetstar and Valuair, the two budget airlines in Singapore, are held by Qantas and Temasek. Mr Boon’s vast experience in the aerospace industry is further augmented with him serving as the Chairman of Singapore Changi Airport Enterprise Pte Ltd and Chairman of Changi Airport Managers & Partners (S) Pte Ltd. Additionally, Mr Boon currently serves on the boards of Neptune Orient Lines Limited (NOL), Singapore Computer Systems Limited, Shin Corporation Plc, and several other private limited companies.

He is also a Senior Advisor of Temasek Holdings, as well as Advisor of ST Engineering Ltd. Mr Boon is a Member of Motorola Inc Research Visionary Board, a Member of the Commercialisation Advisory Board, Imperial College (UK) and was previously a Member of the Dean’s Council of Harvard’s Kennedy School of Government. D-SIMLAB started out as an incubatee of Exploit Technologies before it graduated after successfully securing a round of investment from Imprimatur Capital, an international technology investor. During the incubation period of 15 months the team at Exploit Technologies had worked closely with D-SIMLAB and supported the company in business development and fund raising. Mr Boon’s wealth of experience in various businesses, especially his acute understanding of the aerospace industry, will be a boost to D-SIMLAB as it grows its operations as a provider of high-performance, simulation-based decision-support solutions for high value asset management in aerospace, semiconductor manufacturing and container terminal operations. Mr Boon Swan Foo, the Executive Chairman of Exploit Technologies, and Chairman of D-SIMLAB said, "I am delighted to join D-SIMLAB as the Chairman of the Board.

Exploit Technologies has seen D-SIMLAB grown over the years. This Singapore company has demonstrated great resourcefulness and potential by securing a few major projects since its graduation from incubation. Recently, D-SIMLAB forged strong partnership with big players like OEMServices, Official Airline Guide (OAG) and a leading German semiconductor manufacturer. Going forth, I am confident that we can continue to leverage A*STAR’s technology to bring D-SIMLAB’s business to a new height, and make an impact in different industry verticals, in both the Singapore and overseas markets."

Dr Peter Lendermann, Chief Executive Officer of D-SIMLAB said, “Being grateful that Mr Boon has been providing great support to D-SIMLAB already from its preincubation days, his appointment as our Chairman has now added another dimension to the already outstanding collaboration between Exploit Technologies and our company. His valuable experience and dense network with relevant top-level decision-makers not only in Singapore but across the entire globe will also give a lot of momentum to our business development efforts; we therefore consider Mr Boon’s appointment as a major milestone on D-SIMLAB’s development path towards a high profile global company.”]]> Thu, 16 Oct 2008 00:00:00 +0800 news.php?id=2008-10-16
It is based in the German city of Dresden, the heart of the semiconductor industry in Europe. Concurrently, D-SIMLAB has sealed an initial engagement with one of the leading European semiconductor manufacturers also located in Dresden.

The aim of this project is to study the applicability of short-term simulation and optimization for performance enhancement in the dynamic and environment of semiconductor manufacturing. Explained Dr Peter Lendermann, CEO of D-SIMLAB, “The establishment of this subsidiary in Dresden will be essential for our customer support activities, not only for our semiconductor but also for our aerospace clients in Europe.

At the same time I am confident that the engagement with our first semiconductor client will also give momentum to our efforts to generate business with other waferfabs right back here in Singapore.” Mr Boon Swan Foo, Executive Chairman of Exploit Technologies, one of the key shareholders in D-SIMLAB, said, “Exploit Technologies is delighted that D-SIMLAB has not only graduated from its incubatee status, but has also diversified its business into semiconductor manufacturing and established a foothold in the European market.

The company’s partnership with the leading German semiconductor manufacturer is a good first step to a gateway of new business opportunities. We are proud to have incubated this promising A*STAR’s spin-off through the infant phase in evolving its business model and helping with its fund-raising rounds.”]]> Thu, 22 May 2008 00:00:00 +0800 news.php?id=2008-05-22
It has established a number of partnerships in the aerospace and MRO market to meet the growing demand for innovation, efficiency improvement and better management of cost. OAG has been at the centre of the aviation industry for almost 80 years and we are pleased to be associated with an innovative company such as D-SIMLAB Technologies by providing flight information from our renowned global schedules database.”

“By engaging OAG to provide up-to-date data for D-SIMSPAIR, D-SIMLAB offers an enhanced value proposition to our customers. Not only can the optimal spare component levels be determined more accurately, the associated logistics and risk mitigation policies can also be tested, improved and implemented.

Further, all this can be done taking into account the latest state of the flight network.” commented Dr. Nirupam Julka, Vice President Aerospace of D-SIMLAB Technologies. D-SIMSPAIR is novel simulation-based, grid-enabled decision-support software that can be used to regularly re-optimize the spare parts inventory allocation and the logistics policies within a continuously evolving aircraft network. D-SIMSPAIR enables component service providers guarantee justin- time availability of spares not only at the airlines’ home airports but also at all their overseas destinations.

The OAG data will be used by D-SIMSPAIR to simulate the associated logistics network for spare parts delivery and repair cycles.]]> Mon, 31 Mar 2008 00:00:00 +0800 news.php?id=2008-03-31
The grant will support a 15-month project to develop software infrastructure D-SIMFed for distributed simulation of complex manufacturing and logistics systems. Initially, the technology is to be applied for the enhancement of operations efficiencies for multi container-terminal seaport operations.

A pilot project with a Singapore port operator is already under development. The technology also has a lot of potential in domains such as semiconductor manufacturing where it will enable the “Borderless Fab” concept to enhance capacity and cycle time of a system of multiple wafer fabs on an aggregate level. Explained Gan Boon Ping, CTO of D-SIMLAB, “With the support from IDA and SPRING, we are able to bring this technology to the end users, shielding the users from the complex technical issues associated with the use of the technology.

This transparency enables companies to adopt the technology seamlessly, making it possible to quantify complex interactions of decision variables in a global level. There is no longer the need to compromise quality of decisions just because the lack of capability in quantifying them globally.”

Added Mr Boon Swan Foo, Executive Chairman of ETPL, “Exploit Technologies is happy that our efforts to help D-SIMLAB evolve its business model and raise funds have reaped fruits. The company has recently closed the first round of venture capital funding, and secured the first major client contract in the aerospace domain with OEMServices. Now with the award of this grant we are looking at a promising path ahead for D-SIMLAB to extend product and service offerings into other asset-intensive domains, successfully bringing A*STAR’s technologies into the market.”]]> Mon, 25 Feb 2008 00:00:00 +0800 news.php?id=2008-02-25_02
Using a novel simulation-based, grid-enabled decision-support software, D-SIMLAB will regularly re-optimize the spare parts inventory allocation and the logistics policies within the continuously evolving network of destination airports served by OEMServices’ A380 customers.

This will help OEMServices guarantee just-in-time availability of spares not only at the airlines’ home airports but also at all their overseas destinations. “D-SIMLAB’s simulation-based spare parts optimization approach makes sure that the specific constraints arising from our tailor-made service contracts with different A380 operators are taken into account with sufficient accuracy.

This is absolutely critical for us since it allows us to ensure a high service level even at our customers’ outstations,” explained Jean-Noel Barrere, President of OEMServices. Added Peter Lendermann, Founder and Chief Executive Officer of D-SIMLAB, “A mutually agreed benefit-sharing scheme – for the first time applied with OEMServices – will always give us the incentive to do the very best for our customers and at all times helps them justify the investment in our high-tech based services.

We are confident that our engagement with OEMServices is also an excellent contribution to strengthening Singapore’s position as a hub for high-value added services in the aerospace sector.”]]> Mon, 25 Feb 2008 00:00:00 +0800 news.php?id=2008-02-25_01
The newly-formed company has licensed core technology from A*STAR’s Singapore Institute of Manufacturing Technology (“SIMTech”) to tap the commercial value of the team’s extensive research track record. Exploit Technologies is confident of the commercial potential in D-SIMLAB and has been incubating the start-up for 15 months. Exploit Technologies worked closely with the company and actively supported them in business development and fund raising. This gave D-SIMLAB a head start to further develop both the technology and its target markets. D-SIMLAB’s current flagship product D-SIMSPAIR is targeted at the aerospace sector. It enables an ongoing business paradigm shift and multimillion dollar, maintainable savings for MRO companies, component service providers and airlines.

One of the first commercial applications has been secured with OEMServices, a joint venture of four major Airbus suppliers, for the optimisation of spare part support services for airlines operating Airbus A380 aircraft such as Singapore Airlines and Emirates. Efforts to launch the technology into other domains such as semiconductor manufacturing and seaport container terminal operations are under way.

The investment in D-SIMLAB represents another important milestone for Imprimatur Capital’s local operations in Singapore and its unique international business model. It further validates Imprimatur’s long standing confidence in both the high quality IP (Intellectual Property) being generated here in Singapore and its international commercialisation potential. By using a disciplined market focus and proactively identifying opportunities within targeted investment themes, Imprimatur is confident D-SIMLAB can build upon its strong technology platform and early successes into a world class business.

Together with Exploit Technologies, Imprimatur Capital will be represented on the Board of D-SIMLAB and as with all of its investments it will support and work closely with the management team to build D-SIMLAB’s business and create meaningful uplift in value. “At Imprimatur Capital, we actively identify world class technology with the potential for profitable growth in targeted large international markets. Imprimatur’s team carry out extensive proprietary due diligence to ensure we can turn good science into good business. We are confident that our participation in D-SIMLAB will help to add significant value to its operations, growth and valuation. Simulation software is paving the way in manufacturing and aerospace industries. But the importance of modeling software doesn't end there. This is a trend that could impact many more large scale industries.

Our investment is in the correct direction,” explained Greg Barnes, Executive Director of Imprimatur Capital in Singapore. Mr Boon Swan Foo, Executive Chairman of Exploit Technologies Pte Ltd, the marketing and commercialisation arm of A*STAR, said, “We are very excited that the technologies from A*STAR have received such strong interest internationally. Exploit Technologies saw a gem in D-SIMLAB when we incubated the start-up at the end of 2006. It is encouraging that Imprimatur Capital shares Exploit Technologies’ vision and confidence in D-SIMLAB.

We believe that this new partnership will help realise the full commercial potential of D-SIMLAB and contribute to the growth of the high-end software industry in Singapore. Given that simulation software can be deployed in many industries, the likely economic impact is very substantial.” D-SIMLAB is headed by Dr Peter Lendermann who also was the leader of the SIMTech research team that developed the technology. He has been engaged in the simulation community since the early 1990’s when he worked at the European Laboratory for Particle Physics CERN in Geneva, Switzerland.

In 1996 he joined a German consulting firm where he was responsible for acquiring and executing business process re-engineering projects with numerous process manufacturing, aviation and automotive clients in Western Europe, Russia, Canada and China before moving to Singapore in 2000. Said Dr Lendermann, “The creation of D-SIMLAB was possible because of an unprecedented joint effort between the Founders and Exploit Technologies, together with our launch customer OEMServices who has been supporting us right from the very beginning. With an international early stage investment firm as a shareholder, we will now be able to extend our business on a global scale.”]]>