Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

BENTLEY SYSTEMS, INCORPORATED

(BSY)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Bentley Incorporated : Systems and SMRT Trains Collaborate to Improve Safety and Reliability of Metro Rail Services

10/11/2021 | 09:52pm EST

Press Release

Press Contact:

Christine Byrne +1 203 805 0432 Christine.Byrne@bentley.com Follow us on Twitter: @BentleySystems

SMRT Corporate Communications +65 9822 0902 media@smrt.com.sg

Bentley Systems and SMRT Trains Collaborate to Improve Safety and

Reliability of Metro Rail Services in Singapore

Bentley Systems and Strides Engineering Sign MOU Agreement to Jointly Market a Rail Predictive Maintenance Solution in the Asia Pacific Region

EXTON, Pa. and SINGAPORE - October 11, 2021 - Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, and SMRT Trains, the pioneer Mass Rapid Transit (MRT) operator in Singapore, have successfully completed the implementation of

  1. Predictive Decision Support System (PDSS) for Singapore's North-South and East-West lines, the oldest MRT lines in the country. SMRT Trains' PDSS, which is based on Bentley's AssetWise Linear Analytics, contributes to improving the reliability of the two lines across 282 kilometers of track and has helped SMRT Trains achieve more than 1 million kilometers between failure (MKBF). MKBF is a measure of reliability used by train operators around the world, where a failure is defined as a service delay of more than five minutes.

Based on the success of the PDSS implementation on the North-South and East-West lines, SMRT Trains has started the implementation of the PDSS solution on the Circle Line (CCL) in Singapore.

With many owner-operators of large metro networks in Asia Pacific cities focusing on improving reliability to provide uninterrupted services to riders, Bentley Systems and Strides Engineering, previously SMRT Services, a business arm of SMRT Corporation that provides a range of station-based engineering services, announced the signing of a Memorandum of Understanding (MOU) to jointly market a rail predictive maintenance solution in the Asia Pacific region. The MOU establishes a partnership between the two companies that combines strong technology expertise and rail operational capabilities to help urban rail and metro operators. Under the terms of the MOU, both organizations will market a rail predictive maintenance solution that visualizes all rail asset information and manages, monitors, and analyzes rail conditions. Bentley Systems will continue to sell, implement, and support its AssetWise solution while Strides Engineering will market and deliver its domain experience and add-on applications for track maintenance.

SMRT Trains will be featured in an Infrastructure Spotlight Series webinar in November as a part of Bentley Systems' Year in Infrastructure 2021 presentations highlighting advancements in going digital. Registration details will be available soon for this session on yii.bentley.comto learn more about how SMRT Trains is an innovator to watch.

Lam Sheau Kai, president of SMRT Trains, said, "Leveraging technology and taking preemptive actions are two very important components in the plan to help us improve and maintain rail reliability for the train lines SMRT Trains operates. PDSS represents both components, and its successful implementation for the North-South and East-West lines has given us much confidence to scale it for the rest of our lines."

Commenting on the new partnership, Gan Boon Jin, president of Strides Engineering, said, "Strides Engineering's collaboration with Bentley Systems on the PDSS demonstrates a firm partnership in combining strong domain and rail operational capabilities with proven technological expertise. The PDSS will enhance and optimize decision-making in rail maintenance. We look forward to bringing the best practices and results of PDSS to other train operators in the region."

Kaushik Chakraborty, vice president, Bentley Asia South, said, "We are extremely happy and honored to partner with Strides Engineering to forward our common objective of advancing infrastructure. With our combined strengths and industry experience, we will empower rail and metro operators in the region to improve reliability of the infrastructure that serves citizens and residents."

Image 1:

Caption: Kaushik Chakraborty, vice president, Bentley Asia South, and Gan Boon Jin, president of Strides Engineering, at the MOU signing ceremony.

##

About SMRT Trains

SMRT Trains Ltd is the first and largest train services provider in Singapore. As a subsidiary of SMRT Corporation Ltd, we manage and operate train services on the North-South Line, East- West Line, the Circle Line, the new Thomson-East Coast Line and the Bukit Panjang Light Rail Transit.

We have set our core values to be Respect, Integrity, Service and Safety, and Excellence. SMRT Trains is committed to provide safe, reliable and comfortable service.

About Strides Engineering

Advanced Innovative Technologies & Digital Solutions

Strides Engineering, a business arm of SMRT Corporation Limited, has deep, proven experience in exploiting advanced innovative technologies as well as digital solutions and services to deliver safety, reliability, and comfort for commuters.

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world's infrastructure - sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent's leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.

www.bentley.com

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, AssetWise Linear Analytics, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

Disclaimer

Bentley Systems Inc. published this content on 11 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 01:51:04 UTC.


ę Publicnow 2021
All news about BENTLEY SYSTEMS, INCORPORATED
11:02aBENTLEY INCORPORATED : Systems education platform gets huge response from Indian students
PU
10:42aBENTLEY INCORPORATED : Nvidias Omniverse adds AR VR viewing AI training and AI avatar crea..
PU
10:12aBENTLEY INCORPORATED : Companies want to build a virtual realm to copy the real world
PU
09:52aBENTLEY INCORPORATED : Nvidias Digital Twin Moonshot Saving Planet Earth
PU
12/07BENTLEY INCORPORATED : Socotec uk
PU
12/07BENTLEY INCORPORATED : 2D GPS Capture A new capture mode for Skydio 3D Scan
PU
12/07BENTLEY INCORPORATED : How decision intelligence could democratise analytics
PU
12/07BENTLEY INCORPORATED : Fabsec and Bentley Systems form design software partnership
PU
12/07BENTLEY INCORPORATED : Digital transformation across whole asset lifecycle
PU
12/07BENTLEY INCORPORATED : The Power of Education to Change Lives
PU
More news
Analyst Recommendations on BENTLEY SYSTEMS, INCORPORATED
More recommendations
Financials (USD)
Sales 2021 959 M - -
Net income 2021 87,6 M - -
Net Debt 2021 1 046 M - -
P/E ratio 2021 191x
Yield 2021 0,22%
Capitalization 15 303 M 15 303 M -
EV / Sales 2021 17,1x
EV / Sales 2022 14,2x
Nbr of Employees 4 104
Free-Float 73,8%
Chart BENTLEY SYSTEMS, INCORPORATED
Duration : Period :
Bentley Systems, Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BENTLEY SYSTEMS, INCORPORATED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 49,71 $
Average target price 70,29 $
Spread / Average Target 41,4%
EPS Revisions
Managers and Directors
Gregory S. Bentley Chairman, President & Chief Executive Officer
David J. Hollister Chief Financial Officer & Treasurer
Keith Arthur Bentley Director, Chief Technology Officer & Executive VP
Claire Rutkowski Chief Information Officer
Kirk Brewster Griswold Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BENTLEY SYSTEMS, INCORPORATED22.71%15 303
MICROSOFT CORPORATION50.58%2 514 573
SEA LIMITED26.67%139 843
ATLASSIAN CORPORATION PLC63.76%96 801
DASSAULT SYSTÈMES SE61.24%79 220
ROBLOX CORPORATION0.00%67 139