RIB Software : RIB) signs a Phase-II-contract (No. 05 / 2021) with one of the joint ventures on HS2 (new high-speed rail network) in the UK

DGAP-News: RIB Software SE / Key word(s): Contract/Agreement RIB Software SE (RIB) signs a Phase-II-contract (No. 05 / 2021) with one of the joint ventures on HS2 (new high-speed rail network) in the UK 21.01.2021 / 12:01 The issuer is solely responsible for the content of this announcement. 21-January-2021 RIB Software SE (RIB) signs a Phase-II-contract (No. 05 / 2021) with one of the joint ventures on HS2 (new high-speed rail network) in the UK Stuttgart, Germany, 21 January 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract. HS2 (High Speed 2) is UK's new high-speed rail network. The construction is starting on Phase One which will link London and Birmingham by 2026. Phase Two will run from the West Midlands to Manchester in the west and Leeds in the east completing the network by 2033. HS2 is expected to carry over 300,000 passengers a day - around 100 million a year, when fully operational. High Speed Two Limited began operations in January 2009 and currently employs around 1,500 people. Mads Bording, CRO of RIB Group: "Our iTWO 5D BIM technology is proving to deliver significant value to our clients in infrastructure and rail. After successful wins of DB German Rail, the German Highway Authority and the major A3 freeway, I am very happy to see yet another adoption of our technology on the mega-rail project HS2 in the UK. The joint venture consisting of three highly professional and esteemed companies have executed a very professional and robust evaluation process. I am very proud of the selection of iTWO technology to support this mega-project. We are very excited to support the joint venture with the state-of-the-art iTWO 5D BIM technology in the establishment of new standards in infrastructure delivery, resilient operations and passenger experience." About RIB Group RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century. 21.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	RIB Software SE
	Vaihinger Str. 151
	70567 Stuttgart
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.rib-software.com
ISIN:	DE000A0Z2XN6
WKN:	A0Z2XN
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1162264

End of News	DGAP News Service

1162264  21.01.2021