Windsor, UK and Yokohama, Japan - 13th March 2013

IDAJ and ICON, two of the world's leading independent service providers and system integrators of Computational Fluids Dynamics (CFD) processes, are pleased to announce an IDAJ investment to become the majority shareholder in ICON.

The news follows on from the earlier announcement in October 2012 which signalled the plan for IDAJ to become Far East Distributor of ICON products and services. Both companies have been successfully trading independently for over twenty years and will now combine their resources in software and methods development, engineering services and support provision on a formal basis.

Whilst the two companies will continue to trade under their separate identities IDAJ and ICON, the considerable synergies of the combined group (and its sales and support agents) signify that it will be able to offer the global market access to over 150 multi-skilled engineering personnel. These staff will be focussed upon the single aim of providing the finest independent supported CFD processes available to industry.

ICON have since 1992, supplied high value-add, CFD-driven design technologies to a variety of industries worldwide, including automotive, aerospace, oil, gas and process sectors. IDAJ identified ICON as the perfect partner in which to make an investment given its long-standing leadership in the development and support of open source and proprietary CFD solver technology for industry. IDAJ will sell, support and jointly develop ICON's products in the territories of Japan, China (including Hong Kong), South Korea, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Vietnam and Philippines.

Chingzou Hsu, President of IDAJ said "We are very pleased to acquire a majority stake in ICON and believe that this new formal partnership will be good news for our combined customer base. We envisage that the investment will accelerate the software development process and support provision for not only existing customers and markets but also for new territories and emerging industries."

Simon Weston, Managing Director at ICON, speaking at the Inaugural Meeting of the two companies said "I welcome the investment by IDAJ. We are all looking forward to combining resources, strengths and experiences to provide our current and future customers with the best CFD technologies and processes available."

About IDAJ ( http://www.idaj.co.jp )

IDAJ is an independent services and support operation with over 70 CFD engineers complementing their total staff count of 180. The organisation has numerous offices throughout Japan, China, UK and staff and partners based in the Far East.

Besides CFD, IDAJ also provides distribution, technical support and engineering consulting services covering the broad CAE domain including FEA, Optimization, and 1D simulation.

IDAJ is the leading CAE/CFD company which provides integrated solutions and broad services including software development, distribution, engineering consulting, simulation process automation and optimization and creation of tool-chains with its high engineering skills. IDAJ has nearly 20 years experience as a CAE/CFD engineering company serving up to 800 customers, covering almost all industries from automotive, power generation to chemical process both in Japan and China.

About ICON ( http://www.iconCFD.com )

ICON is a privately-owned CFD technology company formed in 1992. ICON provides the highest-quality independent advice and expertise in process, technology and services. Its aim is to provide the latest innovation at an accessible price.

For the last seven years, ICON has led the industrialisation of open source-based CFD calculations through a unique business model, offering superior price performance to customers by:

- Deploying its international development team to establish robust software and processes, driven by the needs of industry. - The development and maturation of productivity tools and optimization comprising of a mix of open source and proprietary software. - Using its global multi-lingual support network and partners to provide best practice advice, first class documentation and support packages tailored to the demands of a diverse user-base. - Providing training and post-purchase after care either from ICON offices and its distributor network or as required on-site anywhere in the world.

The company head-quarters are in Windsor, UK with additional offices throughout Europe and the USA.

For further information please visit http://www.iconCFD.com/contact or contact Julia Daus directly on +44 1753 751 400.

ICON is the organiser of the annual Open Source CFD International Conference: the definitive long standing industry-focused event for simulation technologies based on open source CFD technologies. The conference attracts experts from academia and industry who each year share their views and experiences on deployment of such technologies. Industry segments which have been represented include but are not limited to Oil & Gas, Steelmaking, Automotive, Motorsport, IT, Chemical, Tobacco Industry, Defence and Security, Renewable Energy and Consulting Engineering.

In order to join other presenters and delegates for the 7th International Conference in 2013, to be held 24th-25th October in Hamburg, Germany, receive further information or register, please visit ICON's sister site http://www.opensourceCFD.com.