Headquartered in Manchester, UK, SRO approaches each project with a disciplined agile methodology, underpinned by a rich engineering heritage and strong technical competence. SRO’s engineers, consultants, and project managers wield extensive experience in delivering Maximo solutions across a wide range of sectors, led by maritime and oil and gas. Products include SDU (SRO Data Utility), which eliminates downtime and provides upgrade and migration processes that permit businesses to keep running while software (for example, large Maximo instances) are being updated; and SDR (SRO Data Replication), which assures data synchronization across remote geographies and intermittent connections.

“We are excited to welcome Tony Lackey and the SRO team, with their technical expertise and hands-on knowledge of resources industries,” said Noah Eckhouse, CEO, The Cohesive Companies. “Our goal, as an autonomous digital integrator consultancy, is to support global owner-operators and their assets literally everywhere in going digital. Incorporating SRO’s comprehensive product and service offerings, and their uniquely deep experience in maintaining safety and regulatory compliance in challenging and low/no-bandwidth environments, will help our emerging digital twin offerings to reach the full extent of maritime and industrial assets.”

SRO Managing Director Tony Lackey said, “We are excited for SRO to join The Cohesive Companies, as we have worked for years with Cohesive in America and recently have also partnered on opportunities here in the UK. I would like to thank all the team at SRO for their work in making this milestone possible.

“It is timely that we are adding SRO’s Maximo solutions, and maritime and industrial expertise, to what The Cohesive Companies can now offer globally. Advancements in going digital are driving improvements in maritime, offshore and energy asset management – leading towards the breakthrough advantages of infrastructure digital twins. We know that together, we can deliver even more operational value for owner-operator organizations!”

Caption: SRO Solutions replaced the British Antarctic Survey’s (BAS) current asset management system with IBM Maximo for their entire existing polar fleet of aircraft and ships, as well as implementing Maximo on the new Antarctic flagship RRS Sir David Attenborough.

About The Cohesive Companies 

The Cohesive Companies form a wholly-owned but independently operated business unit of Bentley Systems (Nasdaq: BSY, the infrastructure engineering software company www.bentley.com).

The Cohesive Companies provide advisory, systems integration, and technology strategies and services to help infrastructure owner-operators advance their BIM, enterprise asset management (EAM), and asset lifecycle information (ALIM) environments through asset performance digital twins. The Cohesive Companies comprise PCSG (leading provider of digital advisory services for built-environment owners), Cohesive SRO (leading UK-based provider of solutions for IBM’s Maximo EAM software), Cohesive Solutions (leading North American reseller of Maximo, helping owner-operators to continuously improve their asset management) and Cohesive Asset Performance (leading global integrator for Asset Performance Modeling).  www.cohesivecompanies.com

© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, Cohesive Solutions, Cohesive Asset Performance, PCSG, SRO Solutions, and The Cohesive Companies 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.

24.11.2020 22:41

Press Coverage

This press release contains statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations as to payment of a quarterly cash dividend in the foreseeable future. Any future determination as to payment of dividends will depend upon the financial condition and results of operations of the company and such other factors as are deemed relevant by the board of directors. For example, macroeconomic conditions, pandemic consequences, a change in business needs including working capital, or a change in income tax law relating to dividends, could cause the company to decide not to pay a dividend in the future. A discussion of other risks and uncertainties is included in the company's filings with the SEC, including final prospectus filed with the Securities and Exchange Commission on September 24, 2020, and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020.

AWWA Recognizes Hydraulics Expert and Bentley Fellow Thomas Walski for Papers that Focus on Digital Twins and Low Pressure in Water Systems

23.11.2020 14:14

Wins for “Risk and Resilience Assessment Isn’t Optional Anymore” and for Co-authoring “Pressure-dependent Demand under Pressure-deficient Conditions”

EXTON, Pa. – November 19, 2020 – Bentley Systems, Incorporated, (Nasdaq: BSY), the infrastructure engineering software company, has announced that the American Water Works Association (AWWA) has awarded Bentley Fellow and Senior Product Manager Thomas Walski, Ph.D., P.E., with the AWWA 2020 Opflow Publications Award and the Division Best Paper Award in Engineering & Construction. The Opflow Publications Award recognizes the contribution of information directed at operating personnel of water utility systems in the areas of science, technology, and water supply operations. The Division Best Paper Award annually recognizes an author or authors from each AWWA technical and education division published in either AWWA Water Science or Journal AWWA from January to December of the previous year.

Walski won the AWWA 2020 Opflow Publications Award for “Risk and Resilience Assessment Isn’t Optional Anymore.” The paper discusses how digital twins can help water system operators meet risk assessment and emergency planning standards mandated by America’s Water Infrastructure Act of 2018. Additionally, it demonstrates how digital twins can address pipe breaks, power outages, fires, and contamination within water systems.

Walski won the Division Best Paper Award in the Engineering & Construction category for “Pressure-dependent Demand under Pressure-deficient Conditions.” He co-authored the paper with Michael Havard, Bruce Yankelitis, and Jon Youells, former students at Wilkes University, and Brian Whitman, professor of environmental engineering at Wilkes University. The paper addresses how water systems behave when pressures become very low, such as during emergencies, and how to perform hydraulic analysis of those conditions using Bentley Systems’ WaterGEMS software.

James Cooper, vice-chair, AWWA Engineering & Construction Division, said, “Congratulations to Dr. Walski and the supporting authors as recipients of the ‘2020 Best Paper Award’ from the AWWA Engineering & Construction Division. This research improves our understanding and modeling of hydraulics and is the latest in a decades-long trend of work resulting in advancement of the water sector.”

“Tom’s research really clarifies how water distribution systems operate under dynamic conditions, which has implications on public health and asset management,” said Ken Mercer, editor-in-chief, AWWA Water Science and Journal AWWA, American Water Works Association. “As his group wrote, systems can be stressed during pipe breaks, fires, and major shutdowns or simply due to a lack of capacity. Tom’s research of the dynamics of water distribution systems furthers the water industry’s understanding and control of buried infrastructure that is vital to maintain public health and support community development.”

13.11.2020 2:17 EXTON, Pa., U.S.A. – November 12, 2020 – Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced the pricing of the public offering of 10,000,000 shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley, at a price to the public of $32.00 per share. Bentley granted the underwriters in the offering a 30-day option to purchase from Bentley up to an additional 1,500,000 shares of Class B common stock. The offering is expected to close on November 17, 2020, subject to customary closing conditions.

Bentley intends to use the net proceeds from the sale of its shares in the offering to repay existing indebtedness under its credit facilities. Bentley will not receive any proceeds from the sale of shares by the selling stockholders.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets, Baird and KeyBanc Capital Markets are also acting as joint book-running managers for the offering. Mizuho Securities is acting as a co-manager for the offering.

A registration statement on Form S-1 relating to the offering has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

About Bentley Systems

Bentley Systems 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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include statements relating to, among other things, risks and uncertainties related to market conditions, the risk that the public offering will not be consummated on the terms or in the amounts contemplated or otherwise, and the satisfaction of customary closing conditions related to the public offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the “Risk Factors” section of Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Bentley Systems Announces Pricing of Public Offering of Common Stock

12.11.2020 2:17 EXTON, Pa., U.S.A. – November 12, 2020 – Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced the pricing of the public offering of 10,000,000 shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley, at a price to the public of $32.00 per share. Bentley granted the underwriters in the offering a 30-day option to purchase from Bentley up to an additional 1,500,000 shares of Class B common stock. The offering is expected to close on November 17, 2020, subject to customary closing conditions.

Bentley intends to use the net proceeds from the sale of its shares in the offering to repay existing indebtedness under its credit facilities. Bentley will not receive any proceeds from the sale of shares by the selling stockholders.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets, Baird and KeyBanc Capital Markets are also acting as joint book-running managers for the offering. Mizuho Securities is acting as a co-manager for the offering.

A registration statement on Form S-1 relating to the offering has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

About Bentley Systems

Bentley Systems 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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include statements relating to, among other things, risks and uncertainties related to market conditions, the risk that the public offering will not be consummated on the terms or in the amounts contemplated or otherwise, and the satisfaction of customary closing conditions related to the public offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the “Risk Factors” section of Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Watch Now 2020 Q3 Earnings

11.11.2020 6:28

Bentley Systems Announces Launch of Public Offering of Common Stock

10.11.2020 23:28

EXTON, Pa., U.S.A. – November 10, 2020 – Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley”), the infrastructure engineering software company, today announced the launch of the public offering of 10,000,000 shares of its Class B common stock, consisting of 8,103,965 shares to be issued and sold by Bentley and 1,896,035 shares to be sold by existing stockholders of Bentley. Bentley expects to grant the underwriters in the offering a 30-day option to purchase from Bentley up to an additional 1,500,000 shares of Class B common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.

Bentley intends to use the net proceeds from the sale of its shares in the offering to repay existing indebtedness under its credit facilities. Bentley will not receive any proceeds from the sale of shares by the selling stockholders.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets, Baird and KeyBanc Capital Markets are also acting as joint book-running managers for the proposed offering. Mizuho Securities is acting as a co-manager for the proposed offering.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

About Bentley Systems

Bentley Systems 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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include statements relating to, among other things, risks and uncertainties related to market conditions, the risk that the proposed public offering will not be consummated on the terms or in the amounts contemplated or otherwise, and the satisfaction of customary closing conditions related to the proposed public offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the “Risk Factors” section of Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Bentley Systems Commits $100 Million of Venture Funding to Accelerate Infrastructure Digital Twins

10.11.2020 14:35

Launches Bentley iTwin Ventures to co-invest in digital twin ecosystem

EXTON, Pa. – November 10, 2020 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the establishment of Bentley iTwin Ventures to invest in promising technology companies addressing the emerging opportunity for infrastructure digital twin solutions for roadways, railways, waterways, bridges, utilities, industrial facilities, and other infrastructure assets.

Bentley iTwin Ventures is a $100 million corporate venture capital fund which fosters innovation by co-investing in startups and emerging companies that are strategically relevant to Bentley Systems’ objective of advancing infrastructure through going digital. The fund will target investments in transformational digital twin solutions supporting the design, simulation, construction, and/or operations of physical infrastructure.

Bentley iTwin Ventures will invest in early and mid-stage companies that demonstrate ability to develop applications and solutions that leverage and extend infrastructure digital twin opportunities, particularly in the public works and utilities, and industrial and resources, infrastructure sectors. The fund will invest in opportunities which can leverage Bentley’s iTwin Platform and open-source toolkits, supporting subject matter expertise, commercial teaming, and/or global reach and relationships within the infrastructure engineering community.

"Taking advantage of the momentum from Bentley Systems’ initial public offering, we are excited to expand our Acceleration Initiatives by formally launching the Bentley iTwin Ventures fund to support the growth of entrepreneurial companies dedicated to infrastructure digital twin solutions," said Greg Bentley, CEO of Bentley Systems. "Our iTwin Platform provides a scalable open-source foundation for technical and commercial innovation that will empower a vibrant ecosystem to creatively combine and connect what digital twins now make possible for infrastructure constituents. Proprietary analytics, data services, benchmarking, and infrastructure-as-a-service commercial models, for instance, are not in Bentley Systems’ direct scope, but we are glad to have a stake in bootstrapping these future successes. Here’s to the fullest going-digital ecosystem for infrastructure digital twins!”

Bentley Systems worked with corporate venture capital firm Touchdown Ventures to establish Bentley iTwin Ventures. An initial investment in FutureOn a.s. (www.futureon.com) was announced on October 16, 2020.

About Bentley iTwin Ventures
Bentley iTwin Ventures is a corporate venture capital fund sponsored by Bentley Systems, Incorporated. It invests in and helps catalyze the growth of companies developing innovative technologies, products, and services which intensify the infrastructure digital twin ecosystem. For more information, please visit www.BentleyiTwinVentures.com

About Bentley Systems’ Acceleration Initiatives
Bentley Systems’ Acceleration Initiatives was launched in 2020 to invest in new and incremental participants in open ecosystems to advance infrastructure digital twins. The Bentley Systems Acceleration Initiative is chartered to accelerate the creation and curation of digital twins, and to foster technologies and innovations so enabled, by nurturing new ventures, making minority investments through Bentley iTwin Ventures, and acquiring and expanding digital integrators. Wholly owned investments to date include Digital Water Works, Digital Construction Works (joint venture with Topcon Positioning Systems), Virtuosity, and The Cohesive Companies. Bentley iTwin Ventures is a $100 million corporate venture capital fund which co-invests in entrepreneurial companies that are leveraging and expanding the infrastructure digital twins ecosystem; co-investments to date include FutureOn. Chief Acceleration Officer Santanu Das welcomes queries from potential ecosystem participants at www.BentleyAccelerationInitiatives.com

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com

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Bentley, the Bentley logo, and Digital Construction Works (DCW) 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.

Bentley Systems Announces Operating Results for Third Quarter 2020

10.11.2020 13:08

EXTON, Pa.--(BUSINESS WIRE)--Nov. 10, 2020-- Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its quarter ended September 30, 2020.

Third Quarter 2020 Financial Results:

Total revenues were $203.0 million, up 8.8% year-over-year;
Subscriptions revenues were $173.2 million, up 11.6% year-over-year;
Last twelve-month recurring revenues were $682.7 million, up 11.0% year-over-year;
Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 107% for the same period last year;
Last twelve-month account retention rate was 98%, consistent with the same period last year;
Annualized Recurring Revenue (“ARR”) was $715.3 million as of September 30, 2020, representing Constant currency growth in ARR of 9% over September 30, 2019;
GAAP operating income was $5.3 million, compared to $41.4 million for the same period last year;
GAAP net income was $5.8 million, compared to $20.4 million for the same period last year. GAAP net income per diluted share was $0.02, compared to $0.07 for the same period last year;
Adjusted Net Income was $51.4 million, compared to $39.3 million for the same period last year. Adjusted Net Income per diluted share was $0.17 compared to $0.14 for the same period last year;
Adjusted EBITDA was $73.6 million, compared to $52.8 million for the same period last year. Adjusted EBITDA margin was 36.3%, compared to 28.3% for the same period last year;
Cash flow from operations was $39.8 million, compared to $35.5 million for the same period last year.

Definitions of the non-GAAP financial measures used in this press release and reconciliations of such measures to their nearest GAAP equivalents are included below under the heading “Use and Reconciliation of Non-GAAP Financial Measures.”

“Our encouraging operating results for the third quarter of 2020 continue to reinforce the relative resilience of infrastructure engineering, and the priority placed by our user organizations this year on going digital, as they have resourcefully ‘virtualized’ their mission-critical work,” said Greg Bentley , CEO. “2020’s inflection in their digital advancement is evidenced by the burgeoning use cases for infrastructure digital twins which our users and accounts showcased at our just-completed Year in Infrastructure 2020 Conference.”

Mr. Bentley continued, “Although infrastructure investment at large-- and our predictable business model-- continues to demonstrate resilience, we have now discerned a change within our application usage trends. During the first half of 2020 we could see waves of pandemic-related lockdowns adversely impacting our days of usage by a few percent, and then abating progressively by region. Beginning in the third quarter, we’ve been observing global usage impacts that instead are primarily a function of infrastructure sector -- with the commercial / facilities sector most affected, and our mainstay public works and utilities sector least affected. In the industrial / resources sector, capital projects activity has now perceptibly declined, reducing consumption of our applications by those affected (‘EPC’ engineering / procurement / construction firms). EPC accounts tend to have been early adopters of our consumption-based E365 commercial model, so our ARR and revenue growth are being somewhat attenuated. Our usual visibility into ARR momentum is likely to remain obscured to this degree.”

“Overall, we are nonetheless confident about promising returns on the purposeful reinvestment of our significant 2020 cost savings. Our new Chief Product Officer ( Nicholas Cumins ), inaugural Chief Success Officer ( Katriona Lord-Levins ), and new Chief Marketing Officer ( Chris Bradshaw ) bring us world-class public company experience in succession to many of our ‘foundation pillar’ executives whose retirements, upon our IPO after 36 years, have been anticipated. While maintaining our commitment to annual improvement in operating efficiency and margins, we are enthusiastically investing to accelerate accretion in our existing accounts, to better reach more small and mid-market prospects, to further enable our applications and systems through our iTwins Platform, and to develop our ecosystem of digital integrators to curate infrastructure digital twins.”

Financial Developments:

In August 2020, Bentley Systems declared a special dividend of $1.50 per share ($392.5 million in the aggregate) and used its bank credit facility to fund the special dividend.
In September 2020, Bentley Systems completed its initial public offering (“IPO”) of its Class B common stock at a price of $22.00 per share. Selling stockholders completed the sale of 12.4 million shares, including 1.6 million shares issued pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Company did not receive any proceeds from the sale of shares of common stock by the selling stockholders in the IPO. For the three and nine months ended September 30, 2020, the Company recorded in its consolidated statement of operations $26.1 million in expenses associated with its IPO. Expenses associated with the IPO include certain non‐recurring costs consisting of underwriting discounts and commissions applicable to the sale of shares by the selling stockholders, professional fees, and other expenses.
During the third quarter of 2020, the Company initiated a strategic realignment program to better align talent resources with the evolving needs of the business. The Company incurred realignment costs related to this program of $10.0 million for the three and nine months ended September 30, 2020, representing termination benefits for colleagues whose positions were eliminated. These realignment activities have been broadly implemented across the company with substantially all actions expected to be completed by the beginning of 2021.
For the three and nine months ended September 30, 2020, the Company reported an effective tax rate of 62.5% and 22.6% respectively. The unusually high effective tax rate, especially in the third quarter, is primarily due to officer compensation limitation provisions resulting from the Company’s IPO and the non‑deductibility of expenses associated with the Company’s IPO, partially offset by increased tax benefits from stock‑based compensation.

2020 Financial Outlook

For the full year of 2020, the Company currently expects:

Total revenues in the range of $790 million to $800 million, representing growth of 7.2% to 8.6%;
Constant currency growth in ARR of 7.5% to 9.0%;
Adjusted EBITDA in the range of $250 million to $265 million, representing growth of 33% to 41%, including the impact of transitioning approximately $7.5 million of quarterly executive compensation from cash-based incentives to stock-based incentives for the fourth quarter of 2020;
Its effective tax rate for 2020 to be 23% to 25%. However, normalized for the unusual IPO-related activity in the third quarter of 2020, the effective tax rate is expected to be approximately 19% to 21%.

Bentley Systems is not providing a quantitative reconciliation of its Non-GAAP financial outlook to the corresponding GAAP information because the GAAP measures that it excludes from its Non-GAAP outlook are not available without unreasonable effort on a forward-looking basis due to their unpredictability, high variability, complexity and low visibility.

Earnings Call Details

Bentley Systems will host a live Zoom Video Webinar on November 10, 2020 at 8:30 a.m. Eastern Time to discuss the financial results for the third quarter of 2020.

Those wishing to participate should access the live Zoom Video Webinar of the event through a direct registration link at https://zoom.us/webinar/register/WN_MIBAJ7xHTN-cmp5KHRA-Fg. Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com. A replay and transcript will be available after the conclusion of the live event on Bentley Systems’ Investor Relations website.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million in 172 countries. www.bentley.com.

Forward-Looking Statements

The foregoing forward-looking statements reflect Bentley Systems’ expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially.

Any statements made in this earnings release that are not statements of historical fact, including statements about our financial outlook and our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, business plans, and strategies. Forward-looking statements are based on Bentley Systems management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited, to macroeconomic conditions, pandemic consequences, and other factors described under the heading “Risk Factors” in our final prospectus filed with the Securities and Exchange Commission (“SEC”) on September 24, 2020, and in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and the Company’s subsequent filings with the SEC. Copies of each filing may be obtained from the Company or the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.

Definitions of Certain Key Business Metrics

Definitions of the non-GAAP financial measures used in this earnings release and reconciliations of such measures to their nearest GAAP equivalents are included below under “Use and Reconciliation of Non-GAAP Financial Measures.” Certain non-GAAP measures included in our financial outlook are not being reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. The Company is unable to reconcile these forward looking non-GAAP financial measures to the most directly comparable GAAP measures without unreasonable efforts because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected for these periods not to impact the non-GAAP measures, but would impact GAAP measures. Such unavailable information, which could have a significant impact on the Company’s GAAP financial results, may include stock-based compensation charges, expenses associated with the IPO, depreciation and amortization of capitalized software costs and of acquired intangible assets, realignment expenses, and other items.

Last twelve-month recurring revenues are calculated as recurring revenues recognized over the preceding twelve-month period. We define recurring revenues as subscription revenues that recur monthly, quarterly, or annually with specific or automatic renewal clauses, and professional services revenues in which the underlying contract is based on a fixed fee and contains automatic annual renewal provisions.

Constant Currency Metrics

In reporting period-over-period results, we calculate the effects of foreign currency fluctuations and constant currency information by translating current period results using prior period average foreign currency exchange rates. Our definition of constant currency may differ from other companies reporting similarly named measures, and these constant currency performance measures should be viewed in addition to, and not as a substitute for, our operating performance measures calculated in accordance with U.S. GAAP.

Our last twelve-month recurring revenues dollar-based net retention rate is calculated, using the average exchange rates for the prior period, as follows: the recurring revenues for the current period, including any growth or reductions from accounts with recurring revenues in the prior period (“existing accounts”), but excluding recurring revenues from any new accounts added during the current period, divided by the total recurring revenues from all accounts during the prior period. A period is defined as any trailing twelve months. The recurring revenues dollar‑based net retention rate is calculated using revenues recognized pursuant to Topic 605 for all periods in order to enhance comparability during our transition to Topic 606 as we do not have all information available to us necessary to present recurring revenues dollar‑based net retention rate pursuant to Topic 606 for any period prior to January 1, 2019.
Our last twelve-month account retention rate for any given twelve-month period is calculated using the average currency exchange rates for the prior period, as follows: the prior period recurring revenues from all accounts with recurring revenues in the current and prior period, divided by total recurring revenues from all accounts during the prior period. The account retention rate is calculated using revenues recognized pursuant to Topic 605 for all periods in order to enhance comparability during our transition to Topic 606 as we do not have all information available to us necessary to present account retention rate pursuant to Topic 606 for any period prior to January 1, 2019.
Our Constant currency ARR growth rate is the growth rate of our ARR, measured on a constant currency basis. Our ARR is defined as the sum of the annualized value of our portfolio of contracts that produce recurring revenue as of the last day of the reporting period, and the annualized value of the last three months of recognized revenues for our contractually recurring consumption‑based software subscriptions with consumption measurement durations of less than one year.

Use and Reconciliation of Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we have calculated adjusted cost of subscriptions and licenses, adjusted cost of services, adjusted research and development, adjusted selling and marketing, adjusted general and administrative, adjusted income from operations, Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted EBITDA, and Adjusted EBITDA margin, each of which are non-GAAP financial measures. We have provided tabular reconciliations of each of these non-GAAP financial measures to such measure’s most directly comparable GAAP financial measure.

Management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, and to evaluate financial performance and liquidity. Our non‑GAAP financial measures are presented as supplemental disclosure as we believe they provide useful information to investors and others in understanding and evaluating our results, prospects, and liquidity period-over-period without the impact of certain items that do not directly correlate to our operating performance and that may vary significantly from period to period for reasons unrelated to our operating performance, as well as to compare our financial results to those of other companies. Our definitions of these non-GAAP financial measures may differ from similarly titled measures presented by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, or in isolation from, the financial information prepared in accordance with GAAP, and should be read in conjunction with the financial statements included in our Quarterly Report on Form 10-Q to be filed with the SEC.

We calculate these non-GAAP financial measures as follows:

Adjusted cost of subscriptions and licenses is determined by adding back to GAAP cost of subscriptions and licenses, amortization of purchased intangibles and developed technologies, equity‑based compensation, and realignment expenses, for the respective periods;
Adjusted cost of services is determined by adding back to GAAP cost of services, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted research and development is determined by adding back to GAAP research and development, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted selling and marketing is determined by adding back to GAAP selling and marketing, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted general and administrative is determined by adding back to GAAP general and administrative, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted income from operations is determined by adding back to GAAP operating income, amortization of purchased intangibles and developed technologies, equity‑based compensation, acquisition expenses, realignment expenses, and expenses associated with IPO for the respective periods;
Adjusted Net Income is defined as net income adjusted for the following: amortization of purchased intangibles and developed technologies, equity‑based compensation, acquisition expenses, realignment expenses, expenses associated with IPO, other non‑operating income and expense (primarily foreign exchange gain (loss)), net, the tax effect of the above adjustments to net income, non‑recurring income tax expense and benefit, and loss from investment accounted for using the equity method, net of tax. The tax effect of adjustments to net income is based on the estimated marginal effective tax rates in the jurisdictions impacted by such adjustments;
Adjusted Net Income per diluted share is determined by dividing adjusted net income by the weighted average diluted shares outstanding;
Adjusted EBITDA is defined as net income adjusted for interest expense, net, provision for income taxes, depreciation and amortization, equity‑based compensation, acquisition expenses, realignment expenses, expenses associated with IPO, other non‑operating income and expense (primarily foreign exchange gain (loss)), net, and loss from investment accounted for using the equity method, net of tax;
Adjusted EBITDA margin is determined by dividing Adjusted EBITDA by total revenues.

We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure, and to view these non-GAAP financial measures in conjunction with the related GAAP financial measures.

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited)

	September 30,		December 31,
	2020		2019
Assets
Current assets:
Cash and cash equivalents	$	137,598	$	121,101
Accounts receivable		172,600		211,775
Allowance for doubtful accounts		(6,492)		(7,274)
Prepaid income taxes		7,307		4,543
Prepaid and other current assets		27,897		23,413
Total current assets		338,910		353,558
Property and equipment, net		29,332		29,632
Operating lease right-of-use assets		46,006		—
Intangible assets, net		46,560		46,313
Goodwill		542,239		480,065
Investments		5,218		1,725
Deferred income taxes		44,543		51,068
Other assets		37,689		32,238
Total assets	$	1,090,497	$	994,599
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	15,086	$	17,669
Accruals and other current liabilities		212,866		167,517
Deferred revenues		173,578		204,991
Operating lease liabilities		15,629		—
Income taxes payable		5,100		2,236
Total current liabilities		422,259		392,413
Long-term debt		589,583		233,750
Long-term operating lease liabilities		32,555		—
Deferred revenues		6,322		8,154
Deferred income taxes		9,502		8,260
Income taxes payable		7,874		8,140
Other liabilities		15,229		9,263
Total liabilities		1,083,324		659,980
Stockholders’ equity:
Common stock		2,622		2,548
Additional paid-in capital		441,723		408,667
Accumulated other comprehensive loss		(29,211)		(23,927)
Accumulated deficit		(407,961)		(52,669)
Total stockholders’ equity		7,173		334,619
Total liabilities and stockholders’ equity	$	1,090,497	$	994,599

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Revenues:
Subscriptions	$	173,174	$	155,191	$	501,011	$	445,338
Perpetual licenses		12,827		13,787		36,020		38,255
Subscriptions and licenses		186,001		168,978		537,031		483,593
Services		16,996		17,610		44,946		50,139
Total revenues		202,997		186,588		581,977		533,732
Cost of revenues:
Cost of subscriptions and licenses		23,338		17,370		66,466		48,201
Cost of services		19,290		17,681		50,126		56,048
Total cost of revenues		42,628		35,051		116,592		104,249
Gross profit		160,369		151,537		465,385		429,483
Operating expenses:
Research and development		50,217		44,756		139,570		136,617
Selling and marketing		41,824		36,721		107,551		111,889
General and administrative		33,006		25,108		85,275		71,415
Amortization of purchased intangibles		3,869		3,550		10,984		10,402
Expenses associated with initial public offering		26,130		—		26,130		—
Total operating expenses		155,046		110,135		369,510		330,323
Income from operations		5,323		41,402		95,875		99,160
Interest expense, net		(1,934)		(2,029)		(4,450)		(6,503)
Other income (expense), net		13,741		(12,306)		6,756		(14,053)
Income before income taxes		17,130		27,067		98,181		78,604
Provision for income taxes		(10,705)		(6,640)		(22,145)		(11,759)
Loss from investment accounted for using the equity method, net of tax		(581)		—		(1,447)		—
Net income		5,844		20,427		74,589		66,845
Less: Net income attributable to participating securities		(4)		(10)		(4)		(10)
Net income attributable to Class A and Class B common stockholders	$	5,840	$	20,417	$	74,585	$	66,835
Per share information:
Net income per share, basic	$	0.02	$	0.07	$	0.26	$	0.23
Net income per share, diluted	$	0.02	$	0.07	$	0.25	$	0.23
Weighted average shares outstanding, basic		289,318,391		286,075,323		287,063,892		286,024,263
Weighted average shares outstanding, diluted		299,634,961		289,629,555		297,251,349		294,586,354

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands) (unaudited)

	Nine Months Ended
	September 30,
	2020		2019
Cash flows from operating activities:
Net income	$	74,589	$	66,845
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25,836		23,334
Provision for accounts receivable allowance		(541)		2,109
Deferred income taxes		7,853		833
Deferred compensation plan activity		2,487		2,968
Stock-based compensation expense		23,617		6,046
Amortization of deferred debt issuance costs		430		415
Change in fair value of derivative		3,365		159
Change in fair value of contingent consideration		(1,340)		62
Foreign currency remeasurement (gain) loss		(9,067)		13,956
Loss from investment accounted for using the equity method, net of tax		1,447		—
Changes in assets and liabilities, net of effect from acquisitions:
Accounts receivable		46,661		40,847
Prepaid and other assets		8,907		(6,505)
Accounts payable, accruals and other liabilities		31,486		18,545
Deferred revenues		(35,134)		(39,655)
Income taxes payable		(4,571)		(11,710)
Net cash provided by operating activities		176,025		118,249
Cash flows from investing activities:
Purchases of property and equipment and investment in capitalized software		(12,805)		(11,622)
Capitalization of costs to translate software products into foreign languages		(728)		(553)
Acquisitions, net of cash acquired of$2,064and$980, respectively		(68,920)		(9,662)
Other investing activities		(6,355)		—
Net cash used in investing activities		(88,808)		(21,837)
Cash flows from financing activities:
Proceeds from credit facilities		432,375		136,750
Payments of credit facilities		(201,125)		(147,500)
Proceeds from term loan		125,000		—
Payments of debt issuance costs		(432)		—
Payments of financing leases		(141)		—
Payments of acquisition debt and other consideration		(2,034)		(9,878)
Payments of dividends		(412,852)		(18,830)
Payments for shares acquired including shares withheld for taxes		(72,476)		(18,417)
Proceeds from Common Stock Purchase Agreement		58,349		4,510
Net proceeds from exercise of common stock options and restricted stock		3,206		3,039
Net cash used in financing activities		(70,130)		(50,326)
Effect of exchange rate changes on cash and cash equivalents		(590)		(1,272)
Increase in cash and cash equivalents		16,497		44,814
Cash and cash equivalents, beginning of year		121,101		81,183
Cash and cash equivalents, end of period	$	137,598	$	125,997

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Measures For the Three and Nine Months EndedSeptember 30, 2020and 2019 (in thousands) (unaudited)
Reconciliation of net income to Adjusted EBITDA:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	5,844	$	20,427	$	74,589	$	66,845
Interest expense, net	1,934		2,029		4,450		6,503
Provision for income taxes	10,705		6,640		22,145		11,759
Depreciation and amortization	9,172		7,968		25,836		23,334
Equity-based compensation	19,548		2,026		22,760		6,051
Acquisition expenses	3,489		1,425		8,498		4,103
Realignment expenses	9,943		(49)		10,012		(492)
Expenses associated with IPO	26,130		—		26,130		—
Other (income) expense, net	(13,741)		12,306		(6,756)		14,053
Loss from investment accounted for using the equity method, net of tax	581		—		1,447		—
Adjusted EBITDA	$	73,605	$	52,772	$	189,111	$	132,156

Reconciliation of net income to Adjusted Net Income:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	5,844	$	20,427	$	74,589	$	66,845
Non-GAAP adjustments, prior to income taxes:
Amortization of purchased intangibles and developed technologies	5,236		4,638		14,694		13,699
Equity-based compensation	19,548		2,026		22,760		6,051
Acquisition expenses	3,489		1,425		8,498		4,103
Realignment expenses	9,943		(49)		10,012		(492)
Expenses associated with IPO	26,130		—		26,130		—
Other (income) expense, net	(13,741)		12,306		(6,756)		14,053
Total non-GAAP adjustments, prior to income taxes	50,605		20,346		75,338		37,414
Income tax effect of non-GAAP adjustments	(5,644)		(1,473)		(10,785)		(4,981)
Loss from investment accounted for using the equity method, net of tax	581		—		1,447		—
Adjusted Net Income	$	51,386	$	39,300	$	140,589	$	99,278

Reconciliation of GAAP Financial Statement Line Items to non-GAAP Adjusted Financial Statement Line Items:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Cost of subscriptions and licenses	$	23,338	$	17,370	$	66,466	$	48,201
Amortization of purchased intangibles and developed technologies		(1,367)		(1,088)		(3,710)		(3,297)
Equity-based compensation		(861)		(27)		(908)		(60)
Realignment expenses		(50)		—		(50)		51
Adjusted cost of subscriptions and licenses	$	21,060	$	16,255	$	61,798	$	44,895

Cost of services	$	19,290	$	17,681	$	50,126	$	56,048
Equity-based compensation		(2,526)		(84)		(2,701)		(363)
Acquisition expenses		(615)		—		(1,050)		—
Realignment expenses		(1,548)		12		(1,548)		185
Adjusted cost of services	$	14,602	$	17,609	$	44,827	$	55,870

Research and development	$	50,217	$	44,756	$	139,570	$	136,617
Equity-based compensation		(6,661)		(749)		(7,817)		(2,306)
Acquisition expenses		(1,969)		(1,129)		(5,113)		(3,083)
Realignment expenses		(841)		37		(910)		79
Adjusted research and development	$	40,746	$	42,915	$	125,731	$	131,308

Selling and marketing	$	41,824	$	36,721	$	107,551	$	111,889
Equity-based compensation		(4,803)		(632)		(5,607)		(1,757)
Acquisition expenses		(86)		(61)		(243)		(164)
Realignment expenses		(5,183)		—		(5,183)		263
Adjusted selling and marketing	$	31,752	$	36,027	$	96,518	$	110,231

General and administrative	$	33,006	$	25,108	$	85,275	$	71,415
Equity-based compensation		(4,696)		(535)		(5,726)		(1,565)
Acquisition expenses		(532)		(199)		(1,611)		(546)
Realignment expenses		(2,321)		—		(2,321)		(86)
Adjusted general and administrative	$	25,456	$	24,374	$	75,617	$	69,217

Income from operations	$	5,323	$	41,402	$	95,875	$	99,160
Amortization of purchased intangibles and developed technologies		5,236		4,638		14,694		13,699
Equity-based compensation		19,548		2,026		22,760		6,051
Acquisition expenses		3,489		1,425		8,498		4,103
Realignment expenses		9,943		(49)		10,012		(492)
Expenses associated with IPO		26,130		—		26,130		—
Adjusted income from operations	$	69,669	$	49,443	$	177,968	$	122,520

Investor Contact:
Ankit Hira or Ed Yuen
Solebury Trout for Bentley Systems
ir@bentley.com
1-610-458-2777

Media Contact:
Carey Mann
carey.mann@bentley.com

Bentley Systems Announces Operating Results for Third Quarter 2020

10.11.2020 13:08

EXTON, Pa.--(BUSINESS WIRE)--Nov. 10, 2020-- Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”), the infrastructure engineering software company, today announced operating results for its quarter ended September 30, 2020.

Third Quarter 2020 Financial Results:

Total revenues were $203.0 million, up 8.8% year-over-year;
Subscriptions revenues were $173.2 million, up 11.6% year-over-year;
Last twelve-month recurring revenues were $682.7 million, up 11.0% year-over-year;
Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 107% for the same period last year;
Last twelve-month account retention rate was 98%, consistent with the same period last year;
Annualized Recurring Revenue (“ARR”) was $715.3 million as of September 30, 2020, representing Constant currency growth in ARR of 9% over September 30, 2019;
GAAP operating income was $5.3 million, compared to $41.4 million for the same period last year;
GAAP net income was $5.8 million, compared to $20.4 million for the same period last year. GAAP net income per diluted share was $0.02, compared to $0.07 for the same period last year;
Adjusted Net Income was $51.4 million, compared to $39.3 million for the same period last year. Adjusted Net Income per diluted share was $0.17 compared to $0.14 for the same period last year;
Adjusted EBITDA was $73.6 million, compared to $52.8 million for the same period last year. Adjusted EBITDA margin was 36.3%, compared to 28.3% for the same period last year;
Cash flow from operations was $39.8 million, compared to $35.5 million for the same period last year.

Definitions of the non-GAAP financial measures used in this press release and reconciliations of such measures to their nearest GAAP equivalents are included below under the heading “Use and Reconciliation of Non-GAAP Financial Measures.”

“Our encouraging operating results for the third quarter of 2020 continue to reinforce the relative resilience of infrastructure engineering, and the priority placed by our user organizations this year on going digital, as they have resourcefully ‘virtualized’ their mission-critical work,” said Greg Bentley , CEO. “2020’s inflection in their digital advancement is evidenced by the burgeoning use cases for infrastructure digital twins which our users and accounts showcased at our just-completed Year in Infrastructure 2020 Conference.”

Mr. Bentley continued, “Although infrastructure investment at large-- and our predictable business model-- continues to demonstrate resilience, we have now discerned a change within our application usage trends. During the first half of 2020 we could see waves of pandemic-related lockdowns adversely impacting our days of usage by a few percent, and then abating progressively by region. Beginning in the third quarter, we’ve been observing global usage impacts that instead are primarily a function of infrastructure sector -- with the commercial / facilities sector most affected, and our mainstay public works and utilities sector least affected. In the industrial / resources sector, capital projects activity has now perceptibly declined, reducing consumption of our applications by those affected (‘EPC’ engineering / procurement / construction firms). EPC accounts tend to have been early adopters of our consumption-based E365 commercial model, so our ARR and revenue growth are being somewhat attenuated. Our usual visibility into ARR momentum is likely to remain obscured to this degree.”

“Overall, we are nonetheless confident about promising returns on the purposeful reinvestment of our significant 2020 cost savings. Our new Chief Product Officer ( Nicholas Cumins ), inaugural Chief Success Officer ( Katriona Lord-Levins ), and new Chief Marketing Officer ( Chris Bradshaw ) bring us world-class public company experience in succession to many of our ‘foundation pillar’ executives whose retirements, upon our IPO after 36 years, have been anticipated. While maintaining our commitment to annual improvement in operating efficiency and margins, we are enthusiastically investing to accelerate accretion in our existing accounts, to better reach more small and mid-market prospects, to further enable our applications and systems through our iTwins Platform, and to develop our ecosystem of digital integrators to curate infrastructure digital twins.”

Financial Developments:

In August 2020, Bentley Systems declared a special dividend of $1.50 per share ($392.5 million in the aggregate) and used its bank credit facility to fund the special dividend.
In September 2020, Bentley Systems completed its initial public offering (“IPO”) of its Class B common stock at a price of $22.00 per share. Selling stockholders completed the sale of 12.4 million shares, including 1.6 million shares issued pursuant to the full exercise of the underwriters’ option to purchase additional shares. The Company did not receive any proceeds from the sale of shares of common stock by the selling stockholders in the IPO. For the three and nine months ended September 30, 2020, the Company recorded in its consolidated statement of operations $26.1 million in expenses associated with its IPO. Expenses associated with the IPO include certain non‐recurring costs consisting of underwriting discounts and commissions applicable to the sale of shares by the selling stockholders, professional fees, and other expenses.
During the third quarter of 2020, the Company initiated a strategic realignment program to better align talent resources with the evolving needs of the business. The Company incurred realignment costs related to this program of $10.0 million for the three and nine months ended September 30, 2020, representing termination benefits for colleagues whose positions were eliminated. These realignment activities have been broadly implemented across the company with substantially all actions expected to be completed by the beginning of 2021.
For the three and nine months ended September 30, 2020, the Company reported an effective tax rate of 62.5% and 22.6% respectively. The unusually high effective tax rate, especially in the third quarter, is primarily due to officer compensation limitation provisions resulting from the Company’s IPO and the non‑deductibility of expenses associated with the Company’s IPO, partially offset by increased tax benefits from stock‑based compensation.

2020 Financial Outlook

For the full year of 2020, the Company currently expects:

Total revenues in the range of $790 million to $800 million, representing growth of 7.2% to 8.6%;
Constant currency growth in ARR of 7.5% to 9.0%;
Adjusted EBITDA in the range of $250 million to $265 million, representing growth of 33% to 41%, including the impact of transitioning approximately $7.5 million of quarterly executive compensation from cash-based incentives to stock-based incentives for the fourth quarter of 2020;
Its effective tax rate for 2020 to be 23% to 25%. However, normalized for the unusual IPO-related activity in the third quarter of 2020, the effective tax rate is expected to be approximately 19% to 21%.

Bentley Systems is not providing a quantitative reconciliation of its Non-GAAP financial outlook to the corresponding GAAP information because the GAAP measures that it excludes from its Non-GAAP outlook are not available without unreasonable effort on a forward-looking basis due to their unpredictability, high variability, complexity and low visibility.

Earnings Call Details

Bentley Systems will host a live Zoom Video Webinar on November 10, 2020 at 8:30 a.m. Eastern Time to discuss the financial results for the third quarter of 2020.

Those wishing to participate should access the live Zoom Video Webinar of the event through a direct registration link at https://zoom.us/webinar/register/WN_MIBAJ7xHTN-cmp5KHRA-Fg. Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com. A replay and transcript will be available after the conclusion of the live event on Bentley Systems’ Investor Relations website.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million in 172 countries. www.bentley.com.

Forward-Looking Statements

The foregoing forward-looking statements reflect Bentley Systems’ expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially.

Any statements made in this earnings release that are not statements of historical fact, including statements about our financial outlook and our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, business plans, and strategies. Forward-looking statements are based on Bentley Systems management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited, to macroeconomic conditions, pandemic consequences, and other factors described under the heading “Risk Factors” in our final prospectus filed with the Securities and Exchange Commission (“SEC”) on September 24, 2020, and in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, and the Company’s subsequent filings with the SEC. Copies of each filing may be obtained from the Company or the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.

Definitions of Certain Key Business Metrics

Definitions of the non-GAAP financial measures used in this earnings release and reconciliations of such measures to their nearest GAAP equivalents are included below under “Use and Reconciliation of Non-GAAP Financial Measures.” Certain non-GAAP measures included in our financial outlook are not being reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. The Company is unable to reconcile these forward looking non-GAAP financial measures to the most directly comparable GAAP measures without unreasonable efforts because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected for these periods not to impact the non-GAAP measures, but would impact GAAP measures. Such unavailable information, which could have a significant impact on the Company’s GAAP financial results, may include stock-based compensation charges, expenses associated with the IPO, depreciation and amortization of capitalized software costs and of acquired intangible assets, realignment expenses, and other items.

Last twelve-month recurring revenues are calculated as recurring revenues recognized over the preceding twelve-month period. We define recurring revenues as subscription revenues that recur monthly, quarterly, or annually with specific or automatic renewal clauses, and professional services revenues in which the underlying contract is based on a fixed fee and contains automatic annual renewal provisions.

Constant Currency Metrics

In reporting period-over-period results, we calculate the effects of foreign currency fluctuations and constant currency information by translating current period results using prior period average foreign currency exchange rates. Our definition of constant currency may differ from other companies reporting similarly named measures, and these constant currency performance measures should be viewed in addition to, and not as a substitute for, our operating performance measures calculated in accordance with U.S. GAAP.

Our last twelve-month recurring revenues dollar-based net retention rate is calculated, using the average exchange rates for the prior period, as follows: the recurring revenues for the current period, including any growth or reductions from accounts with recurring revenues in the prior period (“existing accounts”), but excluding recurring revenues from any new accounts added during the current period, divided by the total recurring revenues from all accounts during the prior period. A period is defined as any trailing twelve months. The recurring revenues dollar‑based net retention rate is calculated using revenues recognized pursuant to Topic 605 for all periods in order to enhance comparability during our transition to Topic 606 as we do not have all information available to us necessary to present recurring revenues dollar‑based net retention rate pursuant to Topic 606 for any period prior to January 1, 2019.
Our last twelve-month account retention rate for any given twelve-month period is calculated using the average currency exchange rates for the prior period, as follows: the prior period recurring revenues from all accounts with recurring revenues in the current and prior period, divided by total recurring revenues from all accounts during the prior period. The account retention rate is calculated using revenues recognized pursuant to Topic 605 for all periods in order to enhance comparability during our transition to Topic 606 as we do not have all information available to us necessary to present account retention rate pursuant to Topic 606 for any period prior to January 1, 2019.
Our Constant currency ARR growth rate is the growth rate of our ARR, measured on a constant currency basis. Our ARR is defined as the sum of the annualized value of our portfolio of contracts that produce recurring revenue as of the last day of the reporting period, and the annualized value of the last three months of recognized revenues for our contractually recurring consumption‑based software subscriptions with consumption measurement durations of less than one year.

Use and Reconciliation of Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we have calculated adjusted cost of subscriptions and licenses, adjusted cost of services, adjusted research and development, adjusted selling and marketing, adjusted general and administrative, adjusted income from operations, Adjusted Net Income, Adjusted Net Income per diluted share, Adjusted EBITDA, and Adjusted EBITDA margin, each of which are non-GAAP financial measures. We have provided tabular reconciliations of each of these non-GAAP financial measures to such measure’s most directly comparable GAAP financial measure.

Management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, and to evaluate financial performance and liquidity. Our non‑GAAP financial measures are presented as supplemental disclosure as we believe they provide useful information to investors and others in understanding and evaluating our results, prospects, and liquidity period-over-period without the impact of certain items that do not directly correlate to our operating performance and that may vary significantly from period to period for reasons unrelated to our operating performance, as well as to compare our financial results to those of other companies. Our definitions of these non-GAAP financial measures may differ from similarly titled measures presented by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, or in isolation from, the financial information prepared in accordance with GAAP, and should be read in conjunction with the financial statements included in our Quarterly Report on Form 10-Q to be filed with the SEC.

We calculate these non-GAAP financial measures as follows:

Adjusted cost of subscriptions and licenses is determined by adding back to GAAP cost of subscriptions and licenses, amortization of purchased intangibles and developed technologies, equity‑based compensation, and realignment expenses, for the respective periods;
Adjusted cost of services is determined by adding back to GAAP cost of services, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted research and development is determined by adding back to GAAP research and development, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted selling and marketing is determined by adding back to GAAP selling and marketing, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted general and administrative is determined by adding back to GAAP general and administrative, equity‑based compensation, acquisition expenses, and realignment expenses, for the respective periods;
Adjusted income from operations is determined by adding back to GAAP operating income, amortization of purchased intangibles and developed technologies, equity‑based compensation, acquisition expenses, realignment expenses, and expenses associated with IPO for the respective periods;
Adjusted Net Income is defined as net income adjusted for the following: amortization of purchased intangibles and developed technologies, equity‑based compensation, acquisition expenses, realignment expenses, expenses associated with IPO, other non‑operating income and expense (primarily foreign exchange gain (loss)), net, the tax effect of the above adjustments to net income, non‑recurring income tax expense and benefit, and loss from investment accounted for using the equity method, net of tax. The tax effect of adjustments to net income is based on the estimated marginal effective tax rates in the jurisdictions impacted by such adjustments;
Adjusted Net Income per diluted share is determined by dividing adjusted net income by the weighted average diluted shares outstanding;
Adjusted EBITDA is defined as net income adjusted for interest expense, net, provision for income taxes, depreciation and amortization, equity‑based compensation, acquisition expenses, realignment expenses, expenses associated with IPO, other non‑operating income and expense (primarily foreign exchange gain (loss)), net, and loss from investment accounted for using the equity method, net of tax;
Adjusted EBITDA margin is determined by dividing Adjusted EBITDA by total revenues.

We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure, and to view these non-GAAP financial measures in conjunction with the related GAAP financial measures.

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited)

	September 30,		December 31,
	2020		2019
Assets
Current assets:
Cash and cash equivalents	$	137,598	$	121,101
Accounts receivable		172,600		211,775
Allowance for doubtful accounts		(6,492)		(7,274)
Prepaid income taxes		7,307		4,543
Prepaid and other current assets		27,897		23,413
Total current assets		338,910		353,558
Property and equipment, net		29,332		29,632
Operating lease right-of-use assets		46,006		—
Intangible assets, net		46,560		46,313
Goodwill		542,239		480,065
Investments		5,218		1,725
Deferred income taxes		44,543		51,068
Other assets		37,689		32,238
Total assets	$	1,090,497	$	994,599
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	15,086	$	17,669
Accruals and other current liabilities		212,866		167,517
Deferred revenues		173,578		204,991
Operating lease liabilities		15,629		—
Income taxes payable		5,100		2,236
Total current liabilities		422,259		392,413
Long-term debt		589,583		233,750
Long-term operating lease liabilities		32,555		—
Deferred revenues		6,322		8,154
Deferred income taxes		9,502		8,260
Income taxes payable		7,874		8,140
Other liabilities		15,229		9,263
Total liabilities		1,083,324		659,980
Stockholders’ equity:
Common stock		2,622		2,548
Additional paid-in capital		441,723		408,667
Accumulated other comprehensive loss		(29,211)		(23,927)
Accumulated deficit		(407,961)		(52,669)
Total stockholders’ equity		7,173		334,619
Total liabilities and stockholders’ equity	$	1,090,497	$	994,599

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Revenues:
Subscriptions	$	173,174	$	155,191	$	501,011	$	445,338
Perpetual licenses		12,827		13,787		36,020		38,255
Subscriptions and licenses		186,001		168,978		537,031		483,593
Services		16,996		17,610		44,946		50,139
Total revenues		202,997		186,588		581,977		533,732
Cost of revenues:
Cost of subscriptions and licenses		23,338		17,370		66,466		48,201
Cost of services		19,290		17,681		50,126		56,048
Total cost of revenues		42,628		35,051		116,592		104,249
Gross profit		160,369		151,537		465,385		429,483
Operating expenses:
Research and development		50,217		44,756		139,570		136,617
Selling and marketing		41,824		36,721		107,551		111,889
General and administrative		33,006		25,108		85,275		71,415
Amortization of purchased intangibles		3,869		3,550		10,984		10,402
Expenses associated with initial public offering		26,130		—		26,130		—
Total operating expenses		155,046		110,135		369,510		330,323
Income from operations		5,323		41,402		95,875		99,160
Interest expense, net		(1,934)		(2,029)		(4,450)		(6,503)
Other income (expense), net		13,741		(12,306)		6,756		(14,053)
Income before income taxes		17,130		27,067		98,181		78,604
Provision for income taxes		(10,705)		(6,640)		(22,145)		(11,759)
Loss from investment accounted for using the equity method, net of tax		(581)		—		(1,447)		—
Net income		5,844		20,427		74,589		66,845
Less: Net income attributable to participating securities		(4)		(10)		(4)		(10)
Net income attributable to Class A and Class B common stockholders	$	5,840	$	20,417	$	74,585	$	66,835
Per share information:
Net income per share, basic	$	0.02	$	0.07	$	0.26	$	0.23
Net income per share, diluted	$	0.02	$	0.07	$	0.25	$	0.23
Weighted average shares outstanding, basic		289,318,391		286,075,323		287,063,892		286,024,263
Weighted average shares outstanding, diluted		299,634,961		289,629,555		297,251,349		294,586,354

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands) (unaudited)

	Nine Months Ended
	September 30,
	2020		2019
Cash flows from operating activities:
Net income	$	74,589	$	66,845
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25,836		23,334
Provision for accounts receivable allowance		(541)		2,109
Deferred income taxes		7,853		833
Deferred compensation plan activity		2,487		2,968
Stock-based compensation expense		23,617		6,046
Amortization of deferred debt issuance costs		430		415
Change in fair value of derivative		3,365		159
Change in fair value of contingent consideration		(1,340)		62
Foreign currency remeasurement (gain) loss		(9,067)		13,956
Loss from investment accounted for using the equity method, net of tax		1,447		—
Changes in assets and liabilities, net of effect from acquisitions:
Accounts receivable		46,661		40,847
Prepaid and other assets		8,907		(6,505)
Accounts payable, accruals and other liabilities		31,486		18,545
Deferred revenues		(35,134)		(39,655)
Income taxes payable		(4,571)		(11,710)
Net cash provided by operating activities		176,025		118,249
Cash flows from investing activities:
Purchases of property and equipment and investment in capitalized software		(12,805)		(11,622)
Capitalization of costs to translate software products into foreign languages		(728)		(553)
Acquisitions, net of cash acquired of$2,064and$980, respectively		(68,920)		(9,662)
Other investing activities		(6,355)		—
Net cash used in investing activities		(88,808)		(21,837)
Cash flows from financing activities:
Proceeds from credit facilities		432,375		136,750
Payments of credit facilities		(201,125)		(147,500)
Proceeds from term loan		125,000		—
Payments of debt issuance costs		(432)		—
Payments of financing leases		(141)		—
Payments of acquisition debt and other consideration		(2,034)		(9,878)
Payments of dividends		(412,852)		(18,830)
Payments for shares acquired including shares withheld for taxes		(72,476)		(18,417)
Proceeds from Common Stock Purchase Agreement		58,349		4,510
Net proceeds from exercise of common stock options and restricted stock		3,206		3,039
Net cash used in financing activities		(70,130)		(50,326)
Effect of exchange rate changes on cash and cash equivalents		(590)		(1,272)
Increase in cash and cash equivalents		16,497		44,814
Cash and cash equivalents, beginning of year		121,101		81,183
Cash and cash equivalents, end of period	$	137,598	$	125,997

BENTLEY SYSTEMS, INCORPORATED AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Measures For the Three and Nine Months EndedSeptember 30, 2020and 2019 (in thousands) (unaudited)
Reconciliation of net income to Adjusted EBITDA:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	5,844	$	20,427	$	74,589	$	66,845
Interest expense, net	1,934		2,029		4,450		6,503
Provision for income taxes	10,705		6,640		22,145		11,759
Depreciation and amortization	9,172		7,968		25,836		23,334
Equity-based compensation	19,548		2,026		22,760		6,051
Acquisition expenses	3,489		1,425		8,498		4,103
Realignment expenses	9,943		(49)		10,012		(492)
Expenses associated with IPO	26,130		—		26,130		—
Other (income) expense, net	(13,741)		12,306		(6,756)		14,053
Loss from investment accounted for using the equity method, net of tax	581		—		1,447		—
Adjusted EBITDA	$	73,605	$	52,772	$	189,111	$	132,156

Reconciliation of net income to Adjusted Net Income:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income	$	5,844	$	20,427	$	74,589	$	66,845
Non-GAAP adjustments, prior to income taxes:
Amortization of purchased intangibles and developed technologies	5,236		4,638		14,694		13,699
Equity-based compensation	19,548		2,026		22,760		6,051
Acquisition expenses	3,489		1,425		8,498		4,103
Realignment expenses	9,943		(49)		10,012		(492)
Expenses associated with IPO	26,130		—		26,130		—
Other (income) expense, net	(13,741)		12,306		(6,756)		14,053
Total non-GAAP adjustments, prior to income taxes	50,605		20,346		75,338		37,414
Income tax effect of non-GAAP adjustments	(5,644)		(1,473)		(10,785)		(4,981)
Loss from investment accounted for using the equity method, net of tax	581		—		1,447		—
Adjusted Net Income	$	51,386	$	39,300	$	140,589	$	99,278

Reconciliation of GAAP Financial Statement Line Items to non-GAAP Adjusted Financial Statement Line Items:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Cost of subscriptions and licenses	$	23,338	$	17,370	$	66,466	$	48,201
Amortization of purchased intangibles and developed technologies		(1,367)		(1,088)		(3,710)		(3,297)
Equity-based compensation		(861)		(27)		(908)		(60)
Realignment expenses		(50)		—		(50)		51
Adjusted cost of subscriptions and licenses	$	21,060	$	16,255	$	61,798	$	44,895

Cost of services	$	19,290	$	17,681	$	50,126	$	56,048
Equity-based compensation		(2,526)		(84)		(2,701)		(363)
Acquisition expenses		(615)		—		(1,050)		—
Realignment expenses		(1,548)		12		(1,548)		185
Adjusted cost of services	$	14,602	$	17,609	$	44,827	$	55,870

Research and development	$	50,217	$	44,756	$	139,570	$	136,617
Equity-based compensation		(6,661)		(749)		(7,817)		(2,306)
Acquisition expenses		(1,969)		(1,129)		(5,113)		(3,083)
Realignment expenses		(841)		37		(910)		79
Adjusted research and development	$	40,746	$	42,915	$	125,731	$	131,308

Selling and marketing	$	41,824	$	36,721	$	107,551	$	111,889
Equity-based compensation		(4,803)		(632)		(5,607)		(1,757)
Acquisition expenses		(86)		(61)		(243)		(164)
Realignment expenses		(5,183)		—		(5,183)		263
Adjusted selling and marketing	$	31,752	$	36,027	$	96,518	$	110,231

General and administrative	$	33,006	$	25,108	$	85,275	$	71,415
Equity-based compensation		(4,696)		(535)		(5,726)		(1,565)
Acquisition expenses		(532)		(199)		(1,611)		(546)
Realignment expenses		(2,321)		—		(2,321)		(86)
Adjusted general and administrative	$	25,456	$	24,374	$	75,617	$	69,217

Income from operations	$	5,323	$	41,402	$	95,875	$	99,160
Amortization of purchased intangibles and developed technologies		5,236		4,638		14,694		13,699
Equity-based compensation		19,548		2,026		22,760		6,051
Acquisition expenses		3,489		1,425		8,498		4,103
Realignment expenses		9,943		(49)		10,012		(492)
Expenses associated with IPO		26,130		—		26,130		—
Adjusted income from operations	$	69,669	$	49,443	$	177,968	$	122,520

Bentley Systems to Announce Third Quarter 2020 Earnings; Presenting at an Upcoming Investor Conference

23.10.2020 4:55

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (“Bentley Systems” or the “Company”) today announced the date for the release of its third quarter 2020 earnings and its presentation at an upcoming investor conference.

Third Quarter 2020 Financial Results

Bentley Systems will release third quarter 2020 earnings before the market opens on November 10, 2020.

A live Zoom Video Webinar of the event can be accessed at 8:30 a.m. Eastern Time that same day through a direct registration link at https://zoom.us/webinar/register/WN_MIBAJ7xHTN-cmp5KHRA-Fg. Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com. A replay and transcript will be available after the conclusion of the live event on Bentley Systems’ Investor Relations website.

Upcoming Investor Conference

Greg Bentley, Bentley Systems’ chief executive officer, will present at the Baird Global Industrial Virtual Conference at 7:05 a.m. Eastern Time on Wednesday, November 11, 2020. If you wish the access the live presentation, please email Baird Conference Services at bairdconferences@rwbaird.com. A replay of the presentation will be available through Bentley Systems’ Investor Relations website following the live event.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com.

Contacts
Investors:
Carey Mann
Vice President, Investor Relations
ir@bentley.com
1-610-458-2777

Media:
Robin Robertson
Robin.Robertson@bentley.com
1-610-458-2985

Bentley Systems Announces Winners of Year in Infrastructure 2020 Awards

21.10.2020 17:40

EXTON, Pa. – October 21, 2020 – Bentley Systems, Incorporated, (Nasdaq: BSY), the infrastructure engineering software company, has announced the winners of the Year in Infrastructure 2020 Awards. The annual awards program honors the extraordinary work of Bentley users advancing design, construction, and operations of infrastructure throughout the world.

Sixteen independent jury panels selected the 57 finalists from over 400 nominations submitted by more than 330 organizations from more than 60 countries.

Bentley Systems acknowledged 19 Year in Infrastructure 2020 Awards winners and 14 Special Recognition awardees on October 21 during the Year in Infrastructure 2020 Conference, held virtually for the first time. To see the Year in Infrastructure 2020 Awards finalists present their projects, click here.

The Year in Infrastructure 2020 Special Recognition awardees are:

Advancing Project and Asset Longevity
HDR
Marc Basnight Bridge
Dare County, North Carolina, United States

Advancing Bridge Asset Performance Modeling
Ulsan National Institute of Science and Technology (UNIST)
A Smartwatch on the Bridge
Ulsan, Ulju-gun, South Korea

Advancing Industrial Asset Performance Modeling
The Institute of Engineering and Ocean Technology/Oil and Natural Gas Corporation Limited
Challenges in Addressing Life Extension of Ageing Platforms in Western Offshore of India
Mumbai, India

Comprehensiveness in Industrial Digital Twins
Volgogradnefteproekt, LLC
Ethane-Containing Gas Processing Complex Construction Support
Ust-Luga, St. Petersburg, Russia

Comprehensiveness in Transportation Digital Twins
PT. WASKITA Karya (Persero) Tbk
Railway Facility for Manggarai to Jatinegara: Package A - Phase II ( Main Line II )
South Jakarta, Jakarta, Indonesia

Comprehensiveness in Urban Digital Twins
JSTI Group Co., Ltd.
Hengjiang Avenue Rapid Transformation Project
Nanjing, Jiangsu, China

Comprehensiveness in a Connected Data Environment
Roads & Transport Authority (RTA)
Collaborative Information System Implementation - Whole Lifecycle Common Data Environment
Dubai, United Arab Emirates

Advancing Virtualization through Digital Twins
Network Rail
Overcoming Challenges Under COVID-19 Lockdown
Wales and Western Region, United Kingdom

Advancing Model-based Delivery through Digital Twins
NYS Department of Transportation
Model Based Contracting - NYS RT 28 over the Esopus
Mount Tremper, New York, United States

Advancing Mixed-Reality Workflows
Liaoning Water Conservancy and Hydropower Survey and Design Research Institute Co., Ltd.
Chaoyang Underground Pumping Station Project of the LXB Water Supply Project Phase II
Chaoyang, Liaoning, China

Advancing Sustainability Digital Twins
Shanghai Institute of Mechanical and Electrical Engineering Co., Ltd.
Shanghai Electric Environmental Protection Group Technology Renovation and Expansion Project for Nantong Thermoelectric Waste Incineration
Nantong, Jiangsu, China

Advancing Sustainable Architecture
Swatch Ltd., Shigeru Ban, Itten+Brechbühl AG
Swatch Headquarters
Biel, Bern, Switzerland

Advancing Sustainable Energy
Guangdong Hydropower Planning & Design Institute
Guangdong Yangjiang Pumped Storage Power Station
Yangjiang, Guangdong, China

Advancing Sustainable Water
Jacobs
San Jose Headworks
San Jose, California, United States

The winners of the Year in Infrastructure 2020 Awards for going digital advancements in infrastructure are:

4D Digital Construction
DPR Construction
2019 LSM DS Tech Upgrade
Durham, North Carolina, United States

Bridges
Chongqing Communications Planning, Survey & Design Institute Co., Ltd.,
Guizhou Communications Construction Group Co., Ltd.,
Guizhou Bridge Construction Group Co., Ltd.
Digital Design and Construction of Taihong Yangtze River Bridge
Chongqing, China

Buildings and Campuses
Voyants Solutions Private Limited
Bangladesh Regional Waterway Transport Project 1 – Shasanghat (New Dhaka) IWT Terminal
Dhaka-Shasanghat, Narayanganj, Chandpur, and Barisal; Bangladesh

Digital Cities
City of Helsinki
Digital City of Synergy
Helsinki, Finland

Geotechnical Engineering
Golder Associates Hong Kong Ltd.
Tuen Mun-Chek Lap Kok Link Tunnel, Southern Landfall
Hong Kong

Land and Site Development
AAEngineering Group
Dzhamgyr Mine - Project Implementation in Extreme Conditions
Talas Region, Kyrgyzstan

Manufacturing
MCC Capital Engineering & Research Incorporation Ltd.
BIM Technology-Based Construction of Digital Plant for Iron & Steel Base in Lingang, Laoting of HBIS Group Co., Ltd.
Tangshan, Hebei, China

Mining and Offshore Engineering
AAEngineering Group
Digital Twin of AKSU Plant: From Concept to Startup
Aksu, Akmola Region, Kazakhstan

Power Generation
Shanghai Institute of Mechanical and Electrical Engineering Co., Ltd.
Shanghai Electric Environmental Protection Group Technology Renovation and Expansion Project for Nantong Thermoelectric Waste Incineration
Nantong, Jiangsu, China

Project Delivery
Sweco
Sweco | Digitalisation with BIM
United Kingdom

Rail and Transit
POWERCHINA Huadong Engineering Corporation Limited
Innovative Application of Digital Engineering Technology in Shaoxing Rail and Transit Construction
Shaoxing, Zhejiang, China

Reality Modeling
Khatib & Alami
Geo-enabling Reality Model Tips and Tricks
Muscat, Oman

Road and Rail Asset Performance
Roads and Transport Authority (RTA)
Collaborative Information System Implementation - Whole Lifecycle Common Data Environment
Dubai, United Arab Emirates

Roads and Highways
Sichuan Road & Bridge (Group) Co., Ltd.
BIM Technology Application on Chengdu-Yibin Expressway
Chengdu, Sichuan, China

Structural Engineering
WSP
WSP Overcomes Complex Challenges with Bentley’s Technology to Deliver Principal Tower
London, England, United Kingdom

Utilities and Communications
Sterlite Power Transmission Limited
Sterlite BIM
Tripura, India

Utilities and Industrial Asset Performance
Shell’s QGC business
Evolution of Engineering Data, Documents and Information Management
Brisbane, Queensland, Australia

Water and Wastewater Treatment Plants
Hatch
Ashbridges Bay Treatment Plant Outfall
Toronto, Ontario, Canada

Water, Wastewater, and Stormwater Networks
DTK Hydronet Solutions
Digital Water Network Engineering & Asset Management of Dibrugarh Water Supply Project
Dibrugarh, Assam, India

All awards finalists and winners

Detailed descriptions of all nominated projects are in the print and digital versions of Bentley’s 2020 Infrastructure Yearbook, which will be published in early 2021. To review the past editions of this publication, access Bentley’s Infrastructure Yearbooks.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com

© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, and ProjectWise 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.

Shell’s QGC Business Is at the Forefront of Using Digital Technologies to Improve Efficiency for its Operations

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The immense size of this project covers an area greater than that of the UK
A single portal provides engineering data with consistent informational integrity to all maintenance, operations, and engineering personnel
The project scope includes increasing the productivity and quality of the maintenance crews that utilize the documents in the CMMS
Engineering has strengthened collaboration with contractors and enhanced transparency, reusing original designs and reducing project time, while introducing efficiencies

Project Overview

Shell’s QGC business is located in Queensland in Eastern Australia. They are one of Australia’s leading natural gas producers, focused on developing Queensland’s world-class onshore gas reserves. Shell’s QGC business produces natural gas to supply the Australian domestic market and for export as LNG via our two-train LNG liquefaction plant on Curtis Island in Queensland. QGC produces natural gas from the Surat Basin of southern Queensland and supplies domestic and international markets.

Every day there are around 1,400 people safely going about their work in our business – maintaining over 7,000 kilometers of gathering pipelines and 25 processing facilities, inspecting more than 3,160 wells. Therefore, it is imperative that team members arrive on the site equipped with the right parts and the right information to carry out their work.

Challenge

To send personnel into the field with the right information so their time is not wasted, critical and relevant engineering information, typically held across many different systems, needs to be quickly and easily accessible. The information also needs to be up to date and accurate, with any changes managed and tracked.

Breakthrough

To make their information readily accessible, Shell’s QGC business implemented Bentley’s AssetWise ALIM as an engineering data warehouse establishing a master tag registry to maintain data integrity and initially storing more than 20 million data points. Later, in order to provide online access while out in the field and support the growing information needs of the business, they moved their ALIM implementation to the Azure cloud, providing a single portal of engineering data with consistent informational integrity. Now, Shell’s QGC business is doubling the number of documents and model files (and the associated data points) in AssetWise migrating project documentation from an EPC-based system to their digital twin environment.

Outcome

Shell’s QGC business maintenance crews drive over 1 million kilometers per month and arrive on site with the right information to do the work saving time and money. Their operations have also improved efficiency with less data search time and fewer application licenses, and they have increased the accuracy of their information.

Collaboration with their many engineering contractors has been strengthened with enhanced transparency between the design and engineering functions. Information updates are scheduled and delivered to Shell by contractors with minimal manual intervention. The system has enabled the re-use of original engineering design on Brownfield projects reducing design time and costs.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, and AssetWise ALIM 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.

LandScope Engineering Creates Digital Twin Providing a Single View of All Survey Data for Royal Holloway, University of London to Improve Collaboration and Reduce Costs

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Estates Team houses multidiscipline survey data in a single view, including legacy and newly captured asset information
LandScope Engineering was tasked with conducting mobile surveying of the entire campus for a single view of aboveground and belowground campus assets
The digital twin allowed all users to perform quick search queries and view detailed asset information throughout the campus in a single environment
Using Bentley’s Orbit applications, LandScope Engineering surveyed and managed all new assets or infrastructure as standard, ensuring that the data is always current

Project Overview

The Estates Team at the Royal Holloway, University of London (RHUL) has numerous infrastructure and improvement projects underway. Although the university already has a large volume of asset data – as-built drawings, floor plans, and tree and garden information – each has varying levels of quality, positional accuracy, and age.

To update their existing conditions, RHUL hired LandScope Engineering to undertake an integrated PAS 128:2014 utility mapping and topographical survey of the entire campus and provide a single view of all the campus assets, both aboveground and belowground. They realized that the best way to house and share this information was by creating a digital twin.

Challenge

LandScope Engineering needed to find a solution that could incorporate their multidiscipline survey data sets, including traditional survey strings, point cloud and metadata, in addition to campus legacy data. With such a large volume of data, however, it was increasingly difficult to display it in traditional survey packages.

LandScope Engineering was unable to display their more sophisticated data sets into RHUL’s geospatial information system (GIS). Additionally, the university’s legacy data was stored separately across different departments making it very difficult to access and share. For example, locating chambers on a drawing and locating the metadata for maintenance holes took approximately one hour per 50 maintenance holes. When a client wanted to view the utility mapping drawing and the associated maintenance hole metadata, they had to search through numerous folders and cross-reference each to find the relevant information. With over 1,600 maintenance holes across the campus, this process took significant time and was quite costly, making it highly inefficient.

Breakthrough

Given the scale of the campus, LandScope Engineering made it their goal to incorporate mobile survey solutions. They began by capturing 360-degree site-wide images by deploying a Topcon IP-S3 mobile mapping system and unmanned aerial vehicle for high resolution photography. They also utilized mobile ground penetrating radar to simultaneously capture data below the ground. This data was matched to the mobile mapping data for full coverage from the ground level, as well as from above to capture a complete building data set.

After researching for solutions that could display a large amount of multidiscipline data in one place as a digital twin, LandScope Engineering chose Orbit 3DM to create a single view of the data. The Orbit 3DM plugin capabilities meant that both GIS data sets could run seamlessly alongside each other without creating duplicate systems. The application allowed all users to perform quick search queries, which was a near-impossible task prior to implementing the software. As a result, field teams could record inspection chamber metadata – including invert levels, pipe diameters, and photography – directly into the application on their tablets and mobile devices. Photographic records included traditional and 360-degree chamber images. The application allows the maintenance hole data and images to be viewed with either GIS or augmented reality.

“Orbit GT provides a central database for asset information based on its geographical location. All survey formats (point cloud, photography, line work, and metadata) can be brought together and displayed in a single environment, rather than needing multiple specialist packages. This ensures data is easy to locate and asset data can be simply accessed by clicking on the item of interest,” said Mark White, geoscience manager at LandScope Engineering. “Furthermore, Orbit server and cloud-based solutions allow all stakeholders to have simple, easy access to asset information without needing to install specialist software.”

Outcome

Now, each university department is responsible for continually updating the system. LandScope Engineering can survey any new asset or infrastructure as a standard to ensure that the database is always current.

This digital twin provided a single view of aboveground and belowground assets, improving stakeholder collaboration and reducing duplication of work and operational costs. The 3D models of proposed infrastructure projects are incorporated into this digital environment. Now, stakeholders can visualize future developments in context of the existing campus. Furthermore, students can experience campus life through virtual campus tours rather than physically visiting the site.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, Orbit 3DM, and Orbit GT 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.

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Asset and Network Performance

19.10.2020 2:00

Update Report

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Network Rail Wales and Western Region Overcomes Challenges under COVID-19 Lockdown to Emerge Stronger in Rail and Transit’s New Normal

19.10.2020 2:00

Network Rail owns, operates, and develops Britain’s railway infrastructure
Wales and Western Region is one of five regions supporting routes across the United Kingdom and bringing its people closer to the passengers and communities that it serves
Digital twins helped Network Rail Wales and Western Region (NR WWR) provide services under lockdown above and beyond the expectations of their clients and stakeholders
Digital workflows are helping Network Rail deliver high-quality results ahead of schedule, ensuring future work and attracting further investment

Project Overview

Network Rail’s Wales and Western Region (NR WW) is responsible for the railway network serving the communities and businesses of Wales, the Thames Valley, West of England, and the South West Peninsula of the United Kingdom.

With 122.5 million passengers traveling through it each year, the region directly serves Europe’s busiest airport, London Heathrow, and transports commuters to key employment hubs, including London, Cardiff, Bristol, and Exeter, and services running to Birmingham, Manchester, and Liverpool.

With responsibility for 2,700 miles of track, 5,841 bridges, 1,750 level crossings, and 4,500 signals, NR WW’s 5,000-plus employees must focus on putting the passenger first and needed software capable of supporting the business processes that allow them to provide a safe, reliable, and high-performing railway every day.

Challenge

NR WW wanted an innovative way to meet these goals, which became more important than ever when the COVID-19 pandemic turned the usual way of working on its head. Despite the UK government designating rail professionals as key workers, restrictions on the movement of personnel as a result of the national lockdown in the first half of 2020 demanded a different approach. NR WW needed innovative thinking, agile digital transformation, and strong teamwork to overcome the day-to-day challenges that they faced in the current new normal.

Two projects where movement restrictions impacted the team’s traditional way of working were at Exeter and London’s Paddington stations. At Exeter, without the ability to engage in face-to-face meetings with the development team, zero familiarity with the location, and limited information from which to produce a viable result, NR WW’s team was required to model the station in 3D for the purposes of signal sighting. At Paddington Station, upcoming wayfinding renewals to improve signage visibility and commuter navigation required the cataloguing of over 100 elements of existing signage and an accurate layout of the station to develop and devise new signage.

Breakthrough

For Exeter, the process of collaboratively creating a model of the station began with the team gathering and referencing all the information that they had available, including LiDAR and point-cloud data, in MicroStation. Their digital workflow continued with the creation of a digital terrain model using scalable terrain functionality in Descartes, with further detail added by cross-checking results with point-cloud data to produce an accurate representation of the site. Over the course of three days, a comprehensive model of the station—including track, ballast, and sleepers, as well as signals generated using OpenRail Designer—was created.

At Paddington, NR WW conducted extensive point-cloud scans of the station layout and all assets. Due to the sheer scale and density of the point-cloud data captured, Descartes was then used to cut, manipulate, and walk through point-clouds of varying densities, while slice thicknesses enabled the model to be generated with the right level of accuracy, in a fast and efficient manner. Without a digital workflow and Descartes, model creation would have taken significantly more time to complete, with a lower level of confidence in its accuracy.

“Network Rail aims to be at the forefront of digital twin development,” said John Nolan, programme manager BIM at Network Rail. “Bentley technology has enabled Network Rail to capture the real-world state of a project and mirroring it in a virtual world, creating digital twins of Exeter and Paddington Stations, that in addition to addressing the requirements of the projects for which they were first conceived, provides a valuable digital record of assets that can be utilized for many other projects in the future, reducing the need for further site visits, inevitable delays, and unnecessary cost.”

Outcome

In the case of Exeter Station, the model that NR WW created within three days was both visually and technically accurate and would not have been possible without the variety and flexibility offered by Bentley technology. The results were not only of sufficient quality to signal site remotely, but it also enabled the team to perform digital site visits for design reviews, allowing further stakeholder engagement and more informed decisions without the need for anyone to leave the safety of their own homes.

As a result of producing a digital twin of Paddington Station, NR WW ensured the future resource hours that were needed to perform tasks, such as surveys, site visits, and design work, were reduced. In turn, they saved significant costs and reduced risk. Specifically, their use of digital workflows within Descartes meant that the amount of time needed to manipulate point cloud data was cut by around a half, resulting in delivery of the model approximately a month ahead of schedule, and ensuring future work and further investment in the modeling team.

The fast and efficient creation of these digital twins for signal sighting and way finding proved that even during a global pandemic and resultant lockdown, it was possible for them to provide services that go above and beyond the expectations of Network Rail’s clients and stakeholders.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, Descartes, MicroStation, and OpenRail Designer 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.

KCI Technologies Sets New Industry Standard for Utility Asset Management with Mapping and Modeling Innovation to Improve Safety of Natural Gas Distribution System

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KCI Technologies assisted Baltimore Gas and Electric (BGE) with a gate and regulator station mapping project to improve utility asset management
The project focused on locating and verifying entire footprints of both active and abandoned gas lines at four facilities
Bentley’s mapping and collaboration software enabled KCI to develop and implement innovative solutions to identify and manage BGE’s complex infrastructure network
KCI set new standards for utility asset management to improve operational safety

Project Overview

Safety is a major concern for utility companies like Baltimore Gas and Electric (BGE) who are responsible for a vast and complex network that carries electricity and natural gas to homes and businesses throughout major metropolitan and rural areas. Many of these companies rely on paper maps and field records, which can often become outdated once repairs or upgrades are completed.

Conflicts with unmapped or abandoned utilities and substructures can be dangerous to field crews and the public. Inaccurate data can lead to significant issues with abandoned infrastructure or unexpected field conditions, causing construction delays and budget overruns, impacting the ability to meet customer demand, and resulting in unsafe conditions with potentially devastating consequences. This challenging project focuses on locating and verifying the entire footprint of several natural gas facilities in Baltimore, Maryland. Natural gas distribution systems require large clusters of equipment and a complex network of pipes with related control systems and other infrastructure.

When planning construction activities, relocation of infrastructure is often required. It is therefore critical for BGE to locate these assets so that records related to these facilities accurately reflected existing conditions.

Challenge

BGE realized that they needed a solution that could accurately map and create 2D drawings, as well as 3D models representing existing conditions at four sites. A gas over-pressurization incident that occurred elsewhere in the country prompted many utilities to reevaluate their asset management systems and the accuracy of their record maps. This incident occurred when an unmapped section of an abandoned gas main that contained pressure sensing lines was disconnected in error, and regulators sensed low downstream pressure and opened to full flow. Over-pressurization of the system led to a catastrophic explosion.

Breakthrough

BGE contracted KCI Technologies Inc. to map two gate stations at a point where natural gas changes ownership from a major transmission company to the local distributor and their network. KCI was also charged with mapping two regulator stations that reduce pressure in the lines that deliver natural gas to area homes. To perform the work, they completed survey-grade LiDAR and unmanned aerial vehicle mapping to create an accurate 3D building information model (BIM) of each facility. For aboveground features and inside sewer hole vaults, KCI completed high-resolution 3D LiDAR scans. They compiled dozens of separate scans into 3D point clouds containing millions of individual measurements with +/- 0.1-foot accuracy. KCI also piloted the use of an AM Gradiometer (AMG) technology to detect and help model and visualize existing underground infrastructure. The patented nondestructive AMG uses AM-band transmissions from radio station towers to illuminate underground objects and anomalies. “KCI's innovative approaches to identifying underground assets offer our clients the appropriate resources to ultimately manage their complex infrastructure,” said KCI’s Practice Leader Charbel Khoury.

Engineers then integrated traditional subsurface utility location data, AMG findings, the LiDAR point cloud, and high-resolution drone survey grade mapping to accurately depict both aboveground and underground infrastructure. The complex 3D models were created so that they could be deployed using a Microsoft HoloLens headset to allow BGE personnel to complete virtual walkthroughs that are tied to the actual geospatial location and asset management data for each site.

KCI used Bentley’s robust ProjectWise collaboration platform to coordinate the multidiscipline technical team. ProjectWise functioned as a hub for all survey, subsurface utility engineering, geophysical survey data, modeling and document preparation efforts, allowing both the modelers and engineers to access the same measurements and field data. They then used Bentley’s MicroStation to generate the detailed 2D drawings, BGE’s top priority, for each of the four sites.

“Three-dimensional models have become great reference documentation for construction plan development, but we’re looking to take that to the next level,” said project manager Ron Dove. “Clients are beginning to look at technology enhancements, such as digital twins, to optimize operational performance, predict maintenance, and ultimately identify problems before they occur. This situation, along with the benefits of accurate as-builts for existing infrastructure, provides our clients with the ability to operate their infrastructure more safely.”

Outcome

By efficiently coordinating the multidiscipline design team piloting these innovative technologies and approaches, KCI established and employed a new, more efficient, and more accurate approach to mapping aboveground and belowground facilities. Overall, at the four sites, KCI surveyed, modeled, and/or created construction documents for:

80,000+ square feet of sites, including topography, fence lines, building slabs, buildings, gas transmission piping, and associated equipment and valving
5,000+ unique elements
6,000+ linear feet of piping, including aboveground and underground bulk gas transmissions lines (some as small as ¼-inch sensing lines)
5,000+ linear feet of conduit for power and controls
300+ different valves for running gas utility systems

As a successful pilot, the BGE gate and regulator station mapping projects offer utility owners a unique and innovative approach to identifying and managing their complex infrastructure network. KCI’s fundamental commitment to test and deploy multiple cutting-edge technologies combined with the quality, accuracy, and usability of the deliverables sets a new standard for managing utility assets.

“As an engineer at BGE, we have been challenged by executive leadership to make innovation more than just a thought, but a reality,” said BGE Gas and Plant Operations General Engineer Bobby G. Henry III. “Our team has developed an ongoing relationship with KCI to develop and implement an innovative solution that identifies important underground assets without excavating the entire asset. The implementation of this technology through 3D modeling and HoloLens products has provided BGE the ability to become a front runner in underground asset identification.”

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, MicroStation, and ProjectWise 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.

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Project Delivery

19.10.2020 2:00

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Digital Applications Help Design Team Improve Management Efficiency by 15% and Collaboration by 45% on the Renovation and Expansion of the Beijing-Harbin Expressway

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The Beijing-Harbin Expressway is instrumental in promoting the construction of the China-Russia free trade zone, and is helping to develop and revitalize northeast China
The design team needed an innovative approach to coordinate all design and construction elements during a tight project schedule, all while keeping traffic moving during construction
By using OpenRoads and OpenBridge, they improved design efficiency by 20%, and SYNCHRO 4D helped boost management efficiency and improve collaboration
SYNCHRO helped them achieve real-time sharing of management data to save more than CNY 10 million in material waste and more than CNY 5 million in labor and machine costs

Project Overview

The renovation and expansion project of the Beijing-Harbin Expressway section is a key development in connecting and facilitating transportation between provinces. It helps promote the construction of the China-Russia free trade zone, provides guaranteed access for the Longjiang Luhai Silk Road Economic Belt, implements the development plan of the Harbin-Changchun Megalopolis, and promotes the development and revitalization of northeast China.

The Office of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River to Harbin, Heilongjiang Construction Technological Innovation & Investment Co., Ltd. was tasked with helping complete this crucial project, which will promote the State Council’s 13th five-year plan for developing a modern comprehensive transportation system. However, the project was particularly complex, as it spans across a total of 71 kilometers, and needed to be designed to support cars traveling at speeds of 120 kilometers per hour. Constructing an expressway at this length is challenging due to its high difficulty of implementation, complex technical requirements, and the impediments to maintaining a stable construction schedule due to the region’s harsh climate. Moreover, the highway had to maintain operations while it was expanded to eight lanes in one of the busiest roadways in Heilongjiang.

Challenge

To overcome these considerable challenges, the office realized that they needed to implement the right 4D digital technology to ensure successful project completion.

They began looking for a solution that would help them maintain traffic flow on the expressway and carry it out in the absence of a complete set of successful technical experiences related to the design, construction, and management of the highway renovation and expansion project in the high latitude seasonal freezing area in China. The project also had to fully implement the concept of a green highway.

Breakthrough

After searching through a number of software options, they decided that Bentley’s digital applications would be the best solution to comprehensively solve construction modeling problems, establish a scientific and reasonable construction schedule, and analyze all material requirements in their actual placement in the construction process.

SYNCHRO 4D construction and design modeling helped the office simulate the site layout, construction equipment position and hoisting, and the walking route. SYNCHRO allowed them to achieve visualization of on-site scheduling and safety planning, analyze potential construction difficulties, and formulate the design and construction plan in a scientific, reasonable manner.

They also leveraged SYNCHRO to analyze the material requirements and actual placement in the construction process. Additionally, the application helped them reduce the waste of rating each machine from each team caused by the secondary material reshipment. SYNCHRO also helped them simultaneously generate planned cost and resource analysis reports based on the actual use of materials, as well as visually display the project status, improve communication efficiency, and reduce management costs.

“SYNCHRO’s innovative capabilities promote data-driven project management and help enterprises accumulate and analyze standard data, achieving the goal of project digital management,” said Yang Ye, general manager of the BIM technology division, Office of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River (Boundary between Jilin Province and Heilongjiang Province) to Harbin, Heilongjiang Construction Technological Innovation & Investment Co., Ltd.

Outcome

Overall, implementing Bentley’s 4D digital solutions helped the team comprehensively analyze the construction work surfaces, material production transportation capacities, and the rationality of the construction scheme, allowing them to carry out the project in an effective and timely manner. Bentley’s SYNCHRO gave the office the necessary applications to optimize their construction period and improve the overall management and control of their project schedule.

The applications helped the team improve their design efficiency by 20% and, with the use of SYNCHRO 4D, boost management efficiency by 15% and improve collaboration by 45%. With SYNCHRO’s real-time sharing of management data, they were able to save more than CNY 10 million in material waste and more than CNY 5 million in labor and machine costs.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, OpenBridge, OpenRoads, SYNCHRO, and SYNCHRO 4D 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.

Glencore’s Integrated Solution for Asset Reliability Ramps up Production Time at Horne Copper Smelter, Saving CAD$ 180,000 Each Year

19.10.2020 2:00

The highly competitive global business drove Glencore’s need to increase asset reliability and their response to regulatory compliance processes with instant access to records
After successful implementation of AssetWise Reliability at their Horne Smelter facility, their other facilities around the world wanted to take advantage of this success and learn how to do the same for themselves
Production increased by almost 20%, and they saved CAD$ 180,000 per year by automating the production of inspection and regulatory compliance work orders

Project Overview

Glencore is a very large, globally diverse, natural resource company with production assets on five continents. Their Horne Smelter, located in Rouyn-Noranda, Canada, is one of the world’s largest processor of electronic end-of-life products containing copper and precious metals. They have a sister nickel processing facility, also in Canada, as well as other recycling facilities around the world.

Glencore operates in a very competitive market that is expanding as the demand for recycling increases. Facing the need to both maintain their market share and increase it, Glencore’s business is under constant pressure to increase reliability and respond quickly to regulatory and compliance demands.

Challenge

Historically, the Horne Smelter copper facility experienced costly failures in critical equipment. To improve reliability and prevent unexpected shutdowns, Glencore wanted to implement a risk-based maintenance approach to detect failures before they occur. In addition, they wanted to share experiences regarding failure modes across Glencore facilities to more accurately predict critical failure patterns and consistently increase the reliability of critical assets to meet their production targets and financial goals.

Breakthrough

The Horne Smelter was the first copper production facility to successfully implement a risk-based approach to maintenance known as reliability-centered maintenance (RCM) using Bentley AssetWise APM. Realizing that they could implement the solution—which they started using 10 years ago—on other facilities, Glencore improved and evolved their approach and have now begun extending AssetWise to their nickel division.

At the Horne Smelter, the AssetWise system manages 5,000 critical assets over a total of 15,000 equipment and supports 200 staff members from the maintenance and production department. The integrated AssetWise solution identifies failure modes and causes by following RCM methods and by establishing maintenance and operation strategies. The system gives everyone in maintenance the visibility into critical equipment reliability and performance that they need.

To extend the solution to their nickel smelter in Sudbury – and eventually to all facilities – they moved their AssetWise installation to the cloud.

“Having worked in reliability for many years, and having seen worldwide competition in manufacturing industries grow stronger and stronger, I believe that asset reliability should be part of the DNA for all production plants, regardless of the size or type of facility,” said Ghislain Bisson, reliability system coordinator with Glencore. “Using Bentley’s AssetWise APM solution has enabled us to maintain our focus on reliability to deliver significant business value and stay ahead of our competition.”

Outcome

After using AssetWise at the Horne Smelter, Glencore increased cast copper production from 190,000 tons per year to 225,000 per year, an almost 20% increase. They saved CAD$ 180,000 annually with automated inspections and regulatory compliance work orders that require four-times less rework and planning. The centralized database has helped them meet new certification requirements for different export markets, expanding their global business.

Glencore can now identify failure modes and provide operation and maintenance strategies that maximize reliability and minimize downtime. They are rolling out AssetWise Reliability to their nickel operation and they are able to share their experiences built up over the past decade with their sister facilities all over the world.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, AssetWise APM, and AssetWise Reliability 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.

Maryland State Highway Administration Uses AssetWise to Create Infrastructure Insight Portal, Improving Decision-making and Preserving Transportation Infrastructure Assets

19.10.2020 2:00

Maryland State Highway Administration (MDSHA) is responsible for over 17,178 lane miles of roads and ramps and more than 2,500 state-maintained bridges
MDSHA maintains the state’s numbered, non-tolled roads and continues to deliver transportation projects and solutions to improve Maryland’s roads and bridges
AssetWise will help MDSHA increase the accuracy of information and reduce labor hours and maintenance costs for infrastructure assets
With improved data, the solution is anticipated to reduce wear and tear on roads, bridges, and pavement, as well as enhance infrastructure preservation

Project Overview

Maryland State Highway Administration (MDSHA) is responsible for more than 17,178 lane miles of roads and ramps and more than 2,500 state-maintained bridges, delivering transportation projects and solutions to improve Maryland’s roads and bridges. MDSHA already tracked information about road and bridge structural assets to make operational decisions for permitting oversized and overweight loads. To enhance these existing capabilities, MDSHA had the vision to develop a portal to centralize relevant infrastructure performance, construction data, and bridge strike events. The goal is to empower decision support for maintenance, inspection, finance, pavement, bridge ratings, clearance, and construction information. The portal would need to provide connectivity to multiple asset management products, enabling bridge and pavement engineers and other disciplines, to quickly and securely gain access to all structural information and bridge data from federated data sources in one portal.

Challenge

To increase capabilities provided by the existing Maryland One system, MDSHA needed to bring together multiple data sources from maintenance, inspection, pavement, bridge ratings, clearance information, construction, and more, which could be accessed and shared with stakeholders and allied partners. The information required to improve decision support and increase productivity existed within multiple unconnected databases, necessitating manual effort to turn data into information. The lack of a centralized interface to analyze the disparate information made it challenging and time consuming. MDSHA needed to have this information in one central secure location for easy access thereby reducing the time required to improve daily operational decisions.

Breakthrough

MDSHA recognized they could build a solution with Bentley’s AssetWise software to create the Violation Tracking and Infrastructure Insight Portal. The solution includes Bentley’s Asset Reliability Inspections, SUPERLOAD, and LARS Bridge. The new portal allows them to quickly and effectively analyze and report across previously unmapped dimensions and relationships between Permitting Operations and Infrastructure Performance. SUPERLOAD Bridge Analysis performs bridge analysis for the specific permit vehicle configuration over each specific structure, while SUPERLOAD Route Data Miner helps improve the management of route data.

This solution will aggregate data like asset inspections, maintenance records, safety performance, permitting operations and hauler enforcement tracking, as well as enhance agency coordination and improve operational efficiency. Having up-to-date infrastructure performance and analysis data, alongside permit data and hauler operator violation data, and bridge maintenance and pavement performance data will quickly unlock new dimensions of analysis. Being able to track, analyze, and identify the potential relationship between hauler behavior and infrastructure performance can mitigate risk and enhance infrastructure preservation.

“Violation Tracking and Infrastructure Insight Portal will help MDSHA increase the timeliness of information, saving time and money and reducing processing time,” said Tina Sanders, technical support manager at MDSHA. “Having federated data accessible in one portal presented in maps and reports provides insights into traffic volumes, maintenance information, bridge performance, accident patterns, permit violation data, and construction data. It will empower the stakeholders to improve decisions with broader information, while also increasing communication within MDSHA, with our jurisdictional partners and our allied agencies in other states. We anticipate this portal will help us quickly respond to requests from agency stakeholders and ultimately reduce risk and enhance the safety of the traveling public.”

Outcome

The portal will securely provide MDSHA infrastructure stakeholders with federated information derived from historically disconnected systems. Users of the portal will have access to new information to improve all manner of decision support. This includes assistance in determining the optimal routes for oversized and overweight loads through the State of Maryland, City of Baltimore, and into border states. Having this information in one location will save time and money for MDSHA and their allied partners, as well as improve decision-making. The portal will also provide access to departments that previously had not been able to access the data.

Through this solution, MDSHA anticipates increasing operational efficiency by reducing permit processing time for the state and allied agencies, thereby saving the customers time and money. In addition, MDSHA anticipates optimizing permitting operations, increasing voluntary hauler compliance, law enforcement coordination, and timely access to key information with a goal of enhancing infrastructure preservation. The solution will enable more targeted and proactive enforcement based on violation patterns.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, Asset Reliability Inspections, LARS Bridge, SUPERLOAD, SUPERLOAD Bridge Analysis, and SUPERLOAD Route Data Miner 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.

iTwin® Platform

19.10.2020 2:00

Update Report

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Systematica Pioneers Multimodal Mobility Simulation with Innovative Technology on Milan’s Urban Regeneration Project, Accelerating Approval Time by 2 Months

19.10.2020 2:00

Systematica used CUBE to explore how an over 60,000-inhabitant, mixed-use campus can be effectively integrated with Milan’s transportation infrastructure with a more sustainable, multimodal approach
They wanted to help the district model all forms of mobility to create a benchmark for planning and designing future urban development, providing options across macro-mobility (traditional cars and mass transit), autonomous vehicles, and micro-mobility (walking and cycling)
Final approval of the entire master plan by public authorities is estimated to be six months instead of the normal eight months
The project is creating a new and effective dialogue with technology providers and mobility operators to explore and identify the most suitable solutions not just for this district, but for other cities moving forward

Project Overview

The Milan Innovation District (MIND) is an urban regeneration project on the site that hosted festivities for the Universal Exhibition Expo 2015 in Milan, Italy. As part of the plan for this campus area, developers are building an urban center within the city that is focused on both redefining mobility within this innovative campus and beyond, using traditional gas-powered vehicles and mass transit to minimize traffic congestion and try to decrease carbon emissions. MIND is planned to act as an international test-bed for pioneering mobility technologies and solutions, including multimodal models that are capable of replicating and assessing the walkability of an area and the attractiveness of all movement in and around the campus.

Systematica was tasked with planning and designing this integrated multimodal transport model in support of the district’s master planning and architectural design. They were tasked with assessing mobility for what would be considered a new city of around 60,000 inhabitants, located in the city of Milan that is 1,575 square kilometers and already has 3.2 million inhabitants. The MIND mobility plan gravitated around the principles of walkable, user-centric development and is shaped by an effective Mobility as a Service (MaaS) model. This model includes the provision of e-mobility and self-driving solutions, demand-responsive systems, intelligent-cognitive infrastructure, and future proofing-adaptive transport assets. However, Systematica needed to focus on the user experience, deliver a pedestrian-oriented public realm, provide intermodal connection, and seamlessly connect to mass transit, including organizing transport around micro-hubs.

Challenge

Systematica realized that converting the former visitor-oriented space into a permanent community-based district would require exploring and testing new ways of thinking about movement in cities across many mobility options, as well as the integration of these different mobility types. Meeting these goals would be difficult with traditional methods. First, Systematica needed to create a modeling layer that was at metropolitan scale—a GIS-based simulation platform that encompassed the entire metropolitan area of Milan. Second, they needed to create a modeling layer that could replicate and test the expected mobility patterns within the innovative MIND campus.

Therefore, they made it their goal to implement the latest mobility simulation technology to overcome these challenges. Their simulation needed to consider both the effectiveness and attractiveness of the different forms of mobility. The model also had to consider a reliable assignment of people movements throughout the dense and permeable pedestrian network of the district and make it seamless to access all the different forms of mobility within the car-free district.

Breakthrough

After searching for the right solution, Systematica selected Bentley’s CUBE to evaluate the accessibility patterns and impact of the induced mobility demand on all available transport services and infrastructure, as well as model and simulate expected mobility patterns for both transport and pedestrian movement throughout the campus.

Using the anticipated number of 60,000 residents, Systematica’s simulation was specifically updated to evaluate macro-level accessibility patterns and assess the impact of the induced mobility demand, which is defined as more than 150,000 all-modes trips per day on all available transport services and transport infrastructure. The simulation included strategic toll-road corridors and complex interchanges, any type of railway connections ranging from high-speed rail to suburban services, subway lines, and a dense local bus network. Additionally, Systematica included an analysis of the innovation campus with their tailored multimodal model, which was capable of replicating and assessing the walkability potential within the campus, as well as the ease-of-use of all innovative mobility services and last-mile transport solutions. These solutions included e-bus services, an autonomous shuttle connection, and micro-mobility solutions.

Systematica also considered driverless mobility. Using CUBE, they proposed a highly efficient group rapid transit (GRT) system operated by autonomous shuttles to connect the main transit hub of Milano Rho Fiera, West Gate with MIND, East Gate. This GRT system is expected to provide effective and convenient last-mile connections, as well as facilitate an internal transport system within the MIND Park district. Over time, this system will have the potential to evolve into point-to-point on-demand mobility service operated by robotaxi.

They also analyzed electric mobility, which included recharging for public and private car parking and facilities for external e-bus services. Electric mobility, represents the overall mobility concept of MIND, including internal public transport services, on-demand services, micro-mobility solutions, and last-mile logistic systems. Moreover, Systematica’s zero-emission mobility model reinforces the gradual shift of traditional public transport services to electric solutions.

“The suite of transport simulation codes that CUBE provided advanced [our capability] to model complex mobility as a service (MaaS) paradigms based on walkability—a crucial dimension to ensure the actual sustainability of any urban development. Modeling the MaaS paradigms was also based on the public’s response to current and future mobility patterns, which allows us to deliver a high-quality built environment, now and in the future,” said Diego Deponte, partner and managing director, Systematica.

Outcome

This integrated, multimodal transport model of the campus supported the master planning and architectural designs and is anticipated to speed adoption for the master plan. Already, by using CUBE to validate the effectiveness and sustainability of MIND mobility strategies, Systematica accelerated the master plan approval by six months. Additionally, their model has resulted in creating an effective dialogue with technology providers and mobility operators to explore and identify the most suitable solutions.

Leveraging the flexibility of CUBE helped Systematica model a more integrated and sustainable mobility solution—one that works within the campus and beyond, creating a benchmark for planning and designing future urban developments.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, and CUBE 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.

Arup Improves ROI by 25% Using 3D Modeling on a Bridge Design as Part of a New Cherrywood Town Center Development in Dublin

19.10.2020 2:00

Arup was retained to design Cherrywood Grand Parade Bridge as a sustainable transport system, forming a central part of a new town center development in Dublin, Ireland
The design needed to incorporate landscape and structural architectural features, as well as provide a safe environment for all users of the bridge
3D modeling and a connected data environment optimized constructability and coordination with third parties and enabled the project to be delivered by a much smaller team
Using Bentley software shortened the modeling process by half and improved ROI by 25%

Project Overview

Cherrywood Grand Parade Bridge is part of a new town center development in Dublin, Ireland that includes a combination of residential, retail, parks, and office space, making this developing suburb an important residential and employment settlement to the south of Ireland’s capital city. The bridge will tie into an existing light rail bridge and will include two bicycle paths and a pedestrian walkway. The design also needed to provide a connection within the town center on either side of Wyattville Link Road and seamlessly integrate with the urban environment by incorporating trees and soft landscaped elements for shelter and visual amenities. The structure has two spans, each one measuring 22.5 meters in length, consisting of composite steel girders with an in-situ reinforced concrete deck slab, varying in width for 13.4 meters to 16.4 meters. It is a complicated project, as the scope of the work includes constructing the spine road network, including Grand Parade Road, and extending the viaduct for the light rail system.

Challenge

Hines, the main developer on the project, appointed Arup to undertake the design of the Grand Parade Bridge over Wyattville Link Road. They realized that they needed to optimize constructability and coordination among third parties, and that traditional 2D drawings were not going to achieve their goals. Therefore, Arup chose 3D modeling delivery, as they determined it to be the best solution to mitigate errors during construction and tender cost evaluation. However, choosing to fully model in 3D presented numerous challenges for the design team, including a software learning curve, which was compounded by complex road geometry and bridge interfaces amid a tight timeline.

Breakthrough

Arup selected Bentley’s OpenBridge and ProStructures to provide the flexibility to detail all project elements, including foundations, abutments and piers, substructure, steel beam composite with concrete deck, and the façade superstructure. The applications helped them perform accurate 3D bridge modeling and detailing for the entire project. OpenBridge Modeler helped to fast-track parametric bridge geometry modeling and offset the additional time needed to expand Arup’s skillset. The support from Bentley’s product team to upskill the design team in ProConcrete and ProSteel improved the efficiency of delivering 3D models of reinforcement and steelwork, as well as of producing 2D drawings. The bridge geometry was easy to manipulate in OpenBridge during the coordination process between Arup, the architect, and outside consultants.

Having used ProjectWise on other projects, Arup was comfortable switching to that platform. They used the platform as a single database for design data, which proved to be the best choice to implement the standard schemes. iTwin Services were used to deliver review sessions of both the stand-alone bridge model and the coordinated version, which had all stakeholders’ reference models embedded. The iTwin Design Review web-based platform allowed for remote review, commenting, and measurement on items that required additional confirmation and designer response.

Arup ensured full integrity of project data through the collaborative connected data environment, using ProjectWise, for the multidiscipline design team. Bentley’s connected data environment established a robust platform for project control of all multidiscipline digital content, drawings, reports, and information exchanged from outside consultants and architects. The flexibility of ProjectWise enabled them to easily access project coordination models during internal design team technical meetings and external meetings with the client or third parties.

LumenRT enabled Arup to develop high-resolution images and videos (in both 2D and 3D), as well as virtual reality models that allowed the client and stakeholders to provide feedback throughout the design process. The process increased client satisfaction, enhanced the approval process, and delivered a high-quality, accurate representation of the new bridge.

“The Bentley Systems workflow streamlined the design process for the Cherrywood Grand Parade Bridge, enhancing communication and productivity for the team,” said Pawel Ogonowski, senior bridges engineer/project manager at Arup. “The intelligent parametric modeling and seamless link between OpenBridge, OpenRoads, and ProStructures enabled this project to be delivered according to a tight program. With ProjectWise in place and using iTwin Design Review, the project was shared and collaborated on by stakeholders in a controlled manner. The outcome presented via high-resolution images, videos, and virtual reality—rendered in LumenRT—provided added value to the client.”

Outcome

By using ProjectWise, Arup streamlined workflows and improved the quality and efficiency of the project team. The intelligent and interactive use of the digital workflows involving OpenRoads, OpenBridge, and ProStructures enabled them to reduce risks and mitigate errors. Moreover, the data collaboration, communication, and management processes allowed them to deliver the project within the agreed budget and timeline.

Using the workflows in Bentley software provided multiple benefits on this project, covering all stages of the tender and detail design process. Using OpenBridge shortened the modeling process by half, compared to using alternative solutions, and improved ROI in the design by roughly 25%.

The level of detail achieved in the 3D models and integration with visualization software enabled stakeholders to provide feedback on an accurate depiction of the bridge design. The changes made as a result of this feedback helped to ensure that the bridge design met the needs of the community, including providing accessible and safe pedestrian and bicycle paths, and linking with the sustainable transport network in Dublin.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, iTwin, LumenRT, OpenBridge, OpenBridge Modeler, OpenRoads, ProConcrete, ProjectWise, ProSteel, and ProStructures 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.

PT. WASKITA Karya Revitalizes Jakarta’s Manggarai Station Using 4D Construction Modeling, Transforming Delivery of Future Projects in Indonesia

19.10.2020 2:00

Jakarta metropolitan area is expected to become the world’s largest city by 2030
Jakarta’s Manggarai Station will replace Gambir Station as the terminus for long-distance trains serving the city in late 2021
PT. WASKITA Karya (Persero) Tbk, in a joint venture with PT. Pijar Utama, was appointed as a contractor for phase II of the railway facility for Manggarai to Jatinegara
PT. WASKITA Karya (Persero) Tbk’s success was predicated on the three main objectives of quality compliance, cost, and time efficiency, demanding both timely and accurate decision-making

Project Overview

The Jakarta metropolitan area, known locally as Jabodetabek, is expected to become the world’s largest city by 2030. As it is home to 35.5 million people, it is already one of the most congested cities in the world.

The city’s commuter rail system is under extreme pressure, causing Indonesia’s national rail operator Kereta Api to invest in improvements to increase capacity, provide greater reliability, and deliver a better experience for the over 1 million daily users across its network.

The city’s Manggarai Station is currently a transit station on the Commuterline Jabodetabek and Soekarno–Hatta Airport Rail Link. Due to its future potential to cater for increased capacity, it will replace Gambir Station as the terminus for long-distance trains serving the city in late 2021.

To achieve this goal, Indonesia’s Ministry of Transportation appointed PT. WASKITA Karya (Persero) Tbk (WASKITA), in a joint venture with PT. Pijar Utama, as a contractor on Phase II of the project.

Challenge

WASKITA made it their goal to construct a new bridge connecting the second floor of the station’s main building with the existing mainline at grade, together with new track panels above and below the bridge. However, they faced many challenges on the project. In addition to construction, their client required them to take on the design review of the existing contract drawings due to discrepancies with current standards and existing conditions.

As a result of the high amounts of train traffic in Manggarai Station, the team faced constraints on the method of construction that they could use, running the risk of incurring additional time on their contract. Any software that they implemented would need to help streamline their processes.

WASKITA also needed to pay particular attention to the prestressed concrete beam bridge segment, which accounted for 30% of the contract’s value.

The project’s success hinged on three main objectives: quality compliance, cost, and time efficiency. Therefore, WASKITA needed software that would help make every decision throughout the 720-calendar-day contract period was both timely and accurate. As a result, WASKITA decided to adopt BIM workflows and a digital twins approach using Bentley technology.

Breakthrough

Core to WASKITA successfully overcoming many of the engineering challenges faced on the Manggarai Station project was their creation of a multidiscipline BIM coordination model using Bentley technology.

Using OpenRail Designer, OpenBridge Designer, and ContextCapture, they transformed their traditional 2D paper-based processes into 3D clash detection and resolution digital workflows, enabling engineers to measure true distances between designed structures and existing assets to ensure adequate clearance and right-first-time construction.

Geometry control capabilities in OpenBridge Designer enabled them to calculate accurate geometry and coordinate information for each bridge segment, then export the data directly to the manufacturer. This practice helped mitigate against the significant risks associated with ordering segments of the wrong size or number.

With significant constraints that included the need to keep lines on the existing railway operational throughout the construction schedule, and due to their ability to visualize and clearly communicate planned activities to other team members and stakeholders, WASKITA adopted SYNCHRO to perform 4D construction modeling on the Manggarai Station project.

“Setting up a digital twin with Bentley’s technology is very convenient,” said Marsa Achadian Tyarpratama, BIM junior expert at WASKITA. “When the client urged us to give options concerning what outcome that they wanted to achieve in this project and how much it will cost, there was no better way to point those options out than visualizing it with the digital twin.”

Outcome

Combining design information for tracks, civils, bridges, and structures, with a 3D reality mesh of the existing ground, WASKITA’s BIM coordination model has helped the organization and different stakeholders on the project make better, more informed decisions.

Having helped identify budget shortages within the design review, WASKITA’s coordination model allows them to clearly visualize different alternatives in terms of project scope and cost. It is proving to be a critical part of the organization’s ongoing work and negotiations with its client for project amendments.

The use of OpenBridge Designer, OpenRail Designer, and ContextCapture for clash detection and resolution on the project has meant that WASKITA has avoided issues that might not have been discovered until construction commenced. As a result of identifying potential problems earlier in the process, WASKITA avoided additional time and cost overheads of approximately 0.3% per month. WASKITA’s use of geometry control functionality in OpenBridge Designer has helped mitigate the risks and avoid the unnecessary cost and delays associated with incorrectly cast bridge spans.

In response to demands for more clarity on construction sequences, WASKITA’s use of SYNCHRO helped shorten the construction schedule by optimizing the resources available. Adoption of this digital workflow enabled right-first-time construction, as well as provided valuable insight for WASKITA and other stakeholders on the project.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, ContextCapture, MicroStation, OpenBridge, OpenRail Designer, and SYNCHRO 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.

Digital Cities

19.10.2020 2:00

Update Report

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Sterlite Power’s Renewable Energy Innovation Using a Collaborative Design Workflow Helps Deliver Reliable Power to over 30 Million Residents in Northeast India

19.10.2020 2:00

The project removes infrastructure bottlenecks to improve economic development and deliver reliable power to the remotest regions of northeast India
Sterlite Power overcame inefficiencies of conventional design and construction modeling methodologies with 3D and 4D BIM technology to enhance visualization, collaboration, and efficiency
Project timeline acceleration had a positive impact on the ROI and enabled faster delivery of reliable power to over 30 million people
Sterlite Power saved nearly INR 2.3 million and over a month on the project schedule by improving workflows through a connected data environment

Project Overview

India is strongly commitment to its renewable energy targets, which are aimed at quickly reducing carbon emissions. The North Eastern Regional (NER) Grid of India, serving a population of more than 30 million, wants to improve reliability of power evacuation, reduce intermittency, and accelerate sustainability of renewables for this region. The Ministry of Power in India awarded Sterlite Power, a leading global developer of power transmission infrastructure projects in India, the NER-II Transmission Limited project to develop transmission lines across the region. Sterlite Power is an established technology leader in this sector and a sponsor of India’s first power sector Infrastructure Investment Trust.

The project is of strategic importance to India’s renewable energy targets. It strengthens interconnection with the states of Assam and Arunachal Pradesh and provides an additional source of power to the capital city of Itanagar. However, the project was complex, including designing and constructing a 400-kilovolt/132-kilovolt substation in Tripura state to evacuate gas-generated power from ONGC’s Palatana power plant (a 726.3-megawatt combined-cycle gas turbine). The substation was the only one delivering much-needed power to Tripura state. Considering the importance of this substation for the local region, efficient design and construction of a new substation within a tight schedule were necessary for rigorous project monitoring and real-time construction updates. Seamless and accurate information flow among stakeholders was crucial to ensure timely delivery of the substation.

Challenge

Sterlite Power realized that they needed a modeling solution that would deliver right-first-time design by detecting and resolving clashes early in the design process. However, traditional 2D design methods for substation planning limited the design team’s ability to detect clearance problems between electrical components and support structures. Additional challenges included managing interdependency among activities, design-plan inter-linkage, a lack of real-time progress data, and inefficient resource planning. These inefficiencies posed enormous risks in the substation construction timeline adding prolonged inspections, handovers, and resource training difficulties. Therefore, 3D modeling proved to be the best method.

Breakthrough

Sterlite Power overcame inefficiencies that conventional design methodologies posed by turning to Bentley’s OpenUtilities Substation for 3D modeling and ProjectWise to streamline design and collaboration. This technology change enabled them to detect clearance violations between electrical components and structural supports. The digital libraries provided traceability, accountability, and exportability of models for proper equipment connections.

Adopting BIM 4D technology using SYNCHRO also helped Sterlite Power utilize virtual reality to further optimize and refine design and planning. They generated a detailed reality model from images captured with unmanned aerial vehicles, which helped them further optimize substation layout and increase design and planning efficiency.

“With Bentley’s ProjectWise, our project team was able to work in complete collaboration, even when separated by distance,” said Pratik Agarwal, managing director, Sterlite Power. “Design being the heart of infrastructure projects, the application’s real-time review system helped us save huge hours of reworking on design errors and enabled us to accelerate the renewable energy journey of India.”

Outcome

Using OpenUtilities Substation, Sterlite Power was able to check for electrical clearance issues and detect problems early in the design process, which helped them reduce rework. They saved nearly INR 2.3 million and over a month on the project schedule. The cost and time savings can be attributed to a reduction in design closure time through enhanced collaboration and a digitalized workflow using a connected data environment.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, OpenUtilities, OpenUtilities Substation, ProjectWise, and SYNCHRO 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.

The Cohesive Companies Announces the Acquisition of Professional Construction Strategies Group Ltd. (PCSG)

19.10.2020 2:00

Will expand digital twin advisory services globally and across infrastructure sectors

EXTON, Pa. – October 19, 2020 – The Cohesive Companies, a digital integrator investment of the Acceleration Fund of Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced its acquisition of Professional Construction Strategies Group Ltd, (PCSG). Founded in 2000 by Katherine Bew, chaired by Dr. Mark Bew MBE, and headquartered in Croydon, UK, PCSG has developed world-leading methodologies, talent, and experience in advisory services to built-environment owners for transformative benefits in going digital, advancing BIM and GIS through infrastructure digital twins. Now within The Cohesive Companies, the organization can dramatically grow its advisory scope (already at over 50 professionals), both in global scale and to reach all infrastructure sectors.

Greg Bentley, Bentley Systems’ CEO, said, “Mark Bew’s visionary thinking about the potential of BIM advancement through digital twins has spearheaded the UK’s world leadership in digital ambitions for infrastructure, and has also inspired us at Bentley Systems. We recognize that owner-operators need advisory services to guide their transformations to digital workflows – and that all of us in their ecosystem benefit from expert consultancy services propagating best practices in digital twin adoption.

“Accordingly, we’re determined to catalyze the market development of digital integrators through our Cohesive portfolio developments. As so many sector-leading infrastructure owners have strongly endorsed the PCSG team and their results, the opportunity for Cohesive to join forces with Mark and Katherine Bew to globalize their work is fortuitous.”

Noah Eckhouse, The Cohesive Companies’ CEO, said, “We are pleased to welcome Mark and Katherine and the entire PCSG team into The Cohesive Companies. Our sole mission as an autonomous digital integrator consultancy is to support owner-operators and their supply chains in going digital, contributing to great outcomes for our clients independent of their investment choices among technology vendors. From iTwins to Maximo, from cloud to mobile, this leverages our uniquely cohesive digital twin expertise, beyond resourceful technology implementation, in change management, business process redesign, and – now expanded through PCSG’s leading advisory services – strategy consulting.”

Dr. Mark Bew MBE, Chairman of PCSG, said, “Katherine and I are delighted to be joining The Cohesive Companies. Deepening what we can offer to existing clients, while at the same time broadening our scope through this comprehensively global organization, is a very exciting opportunity for us, our clients and our partners.

"Our vision is one of infinitely smarter futures where a digitally engineered built environment supports the delivery of infinitely better social, environmental and financial outcomes. I particularly want to thank our world-class PCSG team and our farsighted clients for enabling and embracing this tremendous opportunity to accelerate the realization of this vision.”

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About The Cohesive Companies

A digital integrator investment of Bentley Systems’ Acceleration Fund, The Cohesive Companies provide advisory, systems integration, and cloud services to help infrastructure asset owner-operators advance their BIM, enterprise asset management (EAM), and asset lifecycle information (ALIM) environments to infrastructure asset performance digital twins. Uniquely combining domain expertise in BIM, EAM and ALIM, The Cohesive Companies’ charter is the convergence, through digital twin cloud services, of digital engineering models (ET), with IT and OT, for infrastructure and facilities assets. The Cohesive Companies comprise PCSG (leading provider of digital advisory services for built-environment owners), Cohesive Solutions (the largest North American reseller of IBM’s Maximo EAM software), and Cohesive Asset Performance (leading global integrator for Asset Performance Modeling). www.cohesivecompanies.com

About Bentley Systems’ Acceleration Fund
Bentley Systems’ Acceleration Fund was founded in 2020 to invest in new and incremental participants in open ecosystems to advance infrastructure digital twins. The Bentley Systems Acceleration Fund is chartered to accelerate the creation and curation of digital twins, and to foster technologies and innovations so enabled, by nurturing new ventures, making minority investments, and acquiring and expanding digital integrators. Investments to date include Digital Water Works, Digital Construction Works, Virtuosity, and The Cohesive Companies. Chief Acceleration Officer Santanu Das welcomes queries from potential ecosystem participants at www.bentleyaccelerationfund.com.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com

© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, Cohesive Solutions, iTwin, MicroStation, ProjectWise, The Cohesive Companies, and Virtuosity 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.

Bentley Systems expands alliance with Microsoft to accelerate infrastructure digital twin innovations

19.10.2020 2:00

Companies will deliver and scale advancements for urban planning and smart cities

REDMOND, Wash., and EXTON, Penn. — Oct. 19, 2020 — Bentley Systems (Nasdaq: BSY) and Microsoft Corp. (Nasdaq: MSFT) on Monday announced an expansion of a strategic alliance focused on advancing infrastructure for smart city urban planning and smart construction. The alliance will combine Microsoft’s Azure IoT Digital Twins and Azure Maps with Bentley Systems’ iTwins platform, enabling engineers, architects, constructors and city planners to work within a comprehensive city-scale digital twin, empowering better decision-making, optimizing operational efficiency, reducing costs and improving collaboration.

Microsoft and Bentley Systems, a leader in engineering software for professionals to design, build, operate and maintain critical infrastructure such as road and rail networks, and public works and utilities, will collaborate to develop new smart city solutions. The companies will explore opportunities for digital twins in urban planning and citizen engagement for cities around the world. The collaboration will enable improved decision-making and increased productivity through Microsoft Teams for infrastructure engineers.

“At Bentley we believe that infrastructure digital twins can empower engineers, constructors and owner-operators to design, build and operate infrastructure assets that are more cost-effective, more resilient and more sustainable,” said Greg Bentley, CEO, Bentley Systems. “With Azure as the foundation of our cloud services, our offerings are more broadly scaled and differentiated by the further integrations of Microsoft technologies. We are excited to extend our partnership to bring new digital twin advances to infrastructure engineering organizations and their constituents.”

“With Azure IoT, Azure Digital Twins and Bentley’s iTwins platform, the world’s infrastructure — vital to our economies and environment — stands to gain so much by enabling people to create comprehensive digital models of an entire environment,” said Casey McGee, vice president Partner Development, US One Commercial Partner, Microsoft. “Our expanded strategic alliance with Bentley Systems opens up new opportunities for innovation and will accelerate the benefits of digital twins for infrastructure engineering organizations and, more broadly, society at large.”

City planning and managing professional football club complex projects

The capital city of Dublin, Ireland, with a population of more than 1.2 million, is working with Bentley Systems to develop a large-scale digital twin as part of the city’s planning efforts. “To overcome the challenges of getting public review and comment for new development projects in Dublin during the pandemic, we turned to Microsoft and Bentley to create an interactive virtual environment to ensure our citizens could provide their input from the safety of their homes and keep the development projects on track,” said Jamie Cudden, smart city program manager at Dublin City Council. “The impact of the pandemic has forced cities like Dublin to accelerate their digital transformation journeys. Working with Microsoft and Bentley we are reimagining how interactive virtual environments and digital twins can support citizens to engage from the safety of their own home on new development projects in their local communities. Working with these technology partners, we are building an adaptable and scalable solution based on Microsoft Teams and Bentley’s OpenCities Planner that will set the standard for the future of planning and public engagement in cities.”

In addition to sustaining infrastructure development in smart cities, project digital twins are facilitating industrial construction. Bentley Systems was recognized by Microsoft as the 2020 MSUS Partner Award winner for the Industry-Automotive category, in which an automotive factory uses the HoloLens 2 with Bentley’s SYNCHRO 4D construction-modeling software.

Similarly, FC Barcelona, one of the oldest football clubs in Europe, is partnering with Bentley as part of the club’s renovation of Barcelona’s Camp Nou stadium, the largest in Europe, currently under construction amid the pandemic. The project will upgrade streets in the neighborhood and increase capacity at the stadium to revitalize an aging stadium and for the club to compete with other top European cities.

“Bentley has been working with FC Barcelona on the Espai Barça Project for over three years, helping the architects, the construction team and the club complete an extraordinary challenge — delivering a major renovation of the stadium while it continues to host matches,” said William T. Mannarelli, director of Real Estate & Espai Barça. “With Bentley’s SYNCHRO 4D construction-modeling software running on the Azure cloud, we can apply cutting-edge techniques to manage the complex and precise scheduling required to keep the stadium open during construction.”

Bentley’s ProjectWise, in conjunction with Microsoft Azure and Microsoft Teams, has empowered Bentley’s users to work from home safely while collaborating virtually on projects anywhere in the world.

The companies will further combine Bentley’s infrastructure digital twins expertise with Microsoft’s cloud technologies for:

ProjectWise 365, an instant-on, 100% Azure cloud-based solution that increases the speed and quality of infrastructure design collaboration, which will be available through Microsoft’s commercial marketplace.
Bentley’s iTwins platform to leverage Microsoft’s Azure Digital Twins, Azure IoT Hub, Azure Time Series Insights and other Microsoft cloud services, for users to rapidly store and process operational data.

On Oct. 20, at Bentley’s Year in Infrastructure Conference, Microsoft CEO Satya Nadella will join Greg Bentley for a discussion of the companies’ new infrastructure digital twin alliance priorities. Register at Year in Infrastructure 2020.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rrt@we-worldwide.com

Christine Byrne, (203) 805-0432, Christine.Byrne@bentley.com

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at https://news.microsoft.com/microsoft-public-relations-contacts.

© 2020 Bentley, the Bentley logo, AssetWise, MicroStation, ProjectWise, iTwins, SYNCHRO 4D, and SYNCHRO XR 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.

Design Integration

19.10.2020 2:00

Update Report

Read the update report

Shanghai Electric Environmental Protection Group Creates Digital Twin on Thermoelectric Waste-to-Energy Incineration Project, Saving 31% in Labor Costs

19.10.2020 2:00

The Technology Renovation and Expansion Project of Shanghai Electric Environmental Protection Thermoelectric (Nantong) Co., Ltd. is Shanghai Electric’s first waste-to-energy incineration project
The project needed to keep the existing plant operating smoothly to maintain the livelihood of residents
The Shanghai Institute of Mechanical and Electrical Engineering Co., Ltd. applied BIM 3D models to create a digital twin

Project Overview

The Technology Renovation and Expansion Project for Furnace No.1, No.2, and No.3 of Shanghai Electric Environmental Protection Thermoelectric (Nantong) Co., Ltd., located in Nantong City, Jiangsu province, is the first waste-to-energy incineration project performed by Shanghai Electric. The project is an example of comprehensive utilization of waste-to-energy incineration, which allows the waste to be reduced, recycled, and made harmless to the environment. The renovation and expansion project has played a significant role in improving urban infrastructure construction, upgrading urban environments, and promoting sustainable economic development. The project has significant environmental and social benefits as well and will greatly improve the living environment of residents and stimulate local economic development and employment once the project is operational.

Challenge

Shanghai Electric needed to build three new, 750-tons-per-day waste incineration mechanical grate treatment lines to replace the original fluidized bed waste incineration ones. They needed to keep the existing plant running smoothly to avoid garbage siege, heating supply breakdown, and other livelihood issues that a plant production suspension might cause. Some of the challenges that they faced included dealing with so many interactions between the old and new plants to keep the existing operation going in the process of technology renovation and expansion. In addition, the project was newly built at the original production site, so the available space was very limited and made the size of the new single building smaller compared with the conventional design. This situation also made the process layout of equipment, pipelines, and other materials extremely compact. To meet these challenges, they needed a robust and innovative solution that would facilitate the difficult design requirements.

Shanghai Electric realized that they needed to adopt a BIM process with 3D digital design to create a digital twin that would help them increase design efficiency and reduce construction site rework that would otherwise delay the project and add unnecessary costs.

Breakthrough

After researching their options, Shanghai Electric chose to implement Bentley applications. They started with OpenPlant Modeler, which enabled them to solve over 600 clash problems in the design in advance and greatly reduce the design changes and construction rework, improve the quality of the project, and save CNY 2.4 million in installation materials and labor costs. At the same time, the 3D design greatly enhanced pipeline design depth, which does not appear in traditional 2D drawings. As a result, the introduction of BIM technology greatly improved productivity, and the installation period was shortened from the estimated five months to four months, with significant economic benefits brought about by the plant being put into operation one month earlier. Shanghai Electric also used OpenBuildings Designer to build a prefabricated component model library and a door and window component library, which they then used to design the building and develop manufacturing and construction plans. A rigorous component design allowed the team to perform detailed design analysis, refinement, and improvement.

Bentley’s Navigator enabled a mobile display of the 3D model, making it easier to view the equipment and pipeline properties, as well as improve communication with the design institute, the construction contractor, and the owner. LumenRT enabled Shanghai Electric to generate model programs, which provided the designer, construction contractor, and owner with an immersive review. They also found a way to view the 3D digital model anytime, anywhere, using Bentley’s iTwin Services and cloud technology. During the construction process, they avoided the traditional manual count and review of work quantities, and they used the model to view the equipment and pipeline schedules, which became an important basis for preparing the construction budget and completion settlement. Meanwhile, they carried out the lifecycle management of project assets through the model to improve the operational management efficiency of enterprises.

To effectively assist the design and optimization of the support hanger, Shanghai Electric used AutoPIPE to calculate pipeline stress and perform flange analysis and pipeline bracket design under dynamic and static load. In actual operations, AutoPIPE’s 3D thermal clash detection feature alerts engineers of thermal displacements in pipelines as they heat up to avoid costly plant shutdown.

Lastly, Bentley’s ProjectWise enabled design team collaboration with BIM workflows throughout the entire process. Using ProjectWise greatly improved visualization of the design to make the structure of the plant more compact and the pipeline layout design more reasonable and attractive.

Outcome

Using Bentley’s innovative and robust solutions empowered Shanghai Electric to apply a correct BIM-based process for a digital twin of the project. By shortening the design cycle from two months to 45 days, they saved the design institute 31% in labor costs, reduced construction errors by 90%, and greatly improved accuracy. Using a BIM approach with the applications helped improve their overall design quality and depth by 50% and delivered a high-quality project while increasing the competitiveness of the design institute. Additionally, 3D models allowed them to produce accurate material statistics, which led to costs savings to the owner of about CNY 2 million in pipeline material costs. The 3D BIM design process using Bentley software helped Shanghai Electric complete the project 31 days ahead of schedule, which reduced the noise impact on the neighboring enterprises or residents by at least 10 decibels and improved the living environment and quality for the surrounding residents and enterprises.

“We used Bentley software to manage the entire lifecycle of this project,” said Shigang Feng, dean of the Environmental Engineering Design Institute. “Bentley software was used in the initial collaborative design, pipeline stress analysis, prefabricated component library building, model building and assembly, pipeline collision detection, immersive review, and delivery of digital twin models. Using BIM technology based on Bentley software saved CNY 2 million in engineering costs for the project, and the project was operated one month in advance.”

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AutoPIPE, iTwin, LumenRT, Navigator, OpenBuildings, OpenBuildings Designer, OpenPlant, OpenPlant Modeler, and ProjectWise 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.

Bentley Systems announces Executive Appointments of Nicholas Cumins (Chief Product Officer), Katriona Lord-Levins (Chief Success Officer), and Chris Bradshaw (Chief Marketing Officer)

19.10.2020 2:00

EXTON, Pa. – October 19, 2020 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced today, following the initial public offering of its stock on September 23, the company’s successful recruitment for three significant operating positions. All three new executives are presently in place.

Greg Bentley said, “While Bentley Systems accomplished much throughout our 36 years of growth as a privately-held company, and I am proud of our executive talent depth, we obviously could not internally develop public company experience. The principal purpose of our IPO last month was to assure market liquidity for our colleagues, and especially executive shareholders, in advance of many anticipated retirements. In turn, for the executive opportunities accordingly created, our new higher profile as a public company serves to help attract world-class talent from top public technology companies.

“I enthusiastically welcome Nicholas Cumins, Kat Lord-Levins, and Chris Bradshaw to share their energy, wisdom, and especially their lessons learned within public companies. And on his retirement after 26 years, I particularly thank and congratulate Bhupinder Singh, truly a 'foundation pillar' of Bentley Systems!”

Chief Product Officer: Nicholas Cumins

Nicholas Cumins (based in Munich, Germany) reports to Greg Bentley, CEO. He succeeds Bhupinder Singh, who has retired.

Nicholas leads the product organization, responsible for the definition, development, and adoption of Bentley’s software solutions for advancing infrastructure. He has over 20 years of product leadership experience with established and startup companies in multiple software industries. Prior to joining Bentley, Nicholas served as general manager of SAP Marketing Cloud, a comprehensive marketing automation platform. He also served as chief product officer of Scytl, a platform for online voting, in Barcelona, and senior vice president of product with OpenX, a pioneer in programmatic advertising, in Los Angeles. Before OpenX, Nicholas had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development in the United States, Germany, and France. He earned master’s degrees in law and in business from Paris II Panthéon-Assas University.

Chief Success Officer: Katriona Lord-Levins

Katriona Lord-Levins (based in San Francisco, CA) reports to Greg Bentley, CEO. The Chief Success Officer is a new position.

Kat is responsible for leading the user and enterprise success teams, which focus on helping users realize their business goals with Bentley technologies. By ensuring Bentley has established processes to deliver proven outcomes and listen to user needs, Kat works to make Bentley the solution of choice and create loyal users. Before joining Bentley, Kat worked for two decades at Autodesk in a variety of roles, the most recent of which focused on building and leading the construction business unit customer success team. Prior to Autodesk she worked at Alias Research in Toronto, a software company that produced high-end 3D graphics software. Kat studied computer science at the University of Toronto.

Chief Marketing Officer: Chris Bradshaw

Chris Bradshaw (based in Exton, PA) reports to Gus Bergsma, Chief Revenue Officer. He succeeds Carey Mann, who after 28 years becomes BSY’s inaugural Investor Relations Officer.

Chris was previously chief marketing and product officer of Blue Prism Group, a London-based software company that specializes in robotic process automation. There, Chris was responsible for vision, strategy, and road maps for the entire software portfolio. From 1991 until 2017, Chris served at Autodesk in a variety of leadership roles, including chief marketing officer, and created the Infrastructure Solutions Division. Earlier, he managed flight software development for the United States Air Force, where he guided the development, testing, and integration of on-board computer systems for two national space programs. Chris currently serves on the board of directors of Project Lead the Way, a non-profit that provides STEM education programs to K-12 students in the United States. He earned a bachelor’s degree in electrical engineering from Cornell University, and an M.B.A. from Duke University.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com.

© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, and ProjectWise 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.

PT. WASKITA Karya Revitalizes Jakarta’s Manggarai Station Using 4D Construction Modeling, Transforming Delivery of Future Projects in Indonesia

19.10.2020 2:00

Jakarta metropolitan area is expected to become the world’s largest city by 2030
Jakarta’s Manggarai Station will replace Gambir Station as the terminus for long-distance trains serving the city in late 2021
PT. WASKITA Karya (Persero) Tbk, in a joint venture with PT. Pijar Utama, was appointed as a contractor for phase II of the railway facility for Manggarai to Jatinegara
PT. WASKITA Karya (Persero) Tbk’s success was predicated on the three main objectives of quality compliance, cost, and time efficiency, demanding both timely and accurate decision-making

Project Overview

The Jakarta metropolitan area, known locally as Jabodetabek, is expected to become the world’s largest city by 2030. As it is home to 35.5 million people, it is already one of the most congested cities in the world.

The city’s commuter rail system is under extreme pressure, causing Indonesia’s national rail operator Kereta Api to invest in improvements to increase capacity, provide greater reliability, and deliver a better experience for the over 1 million daily users across its network.

The city’s Manggarai Station is currently a transit station on the Commuterline Jabodetabek and Soekarno–Hatta Airport Rail Link. Due to its future potential to cater for increased capacity, it will replace Gambir Station as the terminus for long-distance trains serving the city in late 2021.

To achieve this goal, Indonesia’s Ministry of Transportation appointed PT. WASKITA Karya (Persero) Tbk (WASKITA), in a joint venture with PT. Pijar Utama, as a contractor on Phase II of the project.

Challenge

WASKITA made it their goal to construct a new bridge connecting the second floor of the station’s main building with the existing mainline at grade, together with new track panels above and below the bridge. However, they faced many challenges on the project. In addition to construction, their client required them to take on the design review of the existing contract drawings due to discrepancies with current standards and existing conditions.

As a result of the high amount of train traffic in Manggarai Station, the team faced constraints on the method of construction that they could use, running the risk of incurring additional time on their contract. Any software that they implemented would need to help streamline their processes.

WASKITA also needed to pay particular attention to the prestressed concrete beam bridge segment, which accounted for 30% of the contract’s value.

The project’s success hinged on three main objectives: quality compliance, cost, and time efficiency. Therefore, WASKITA needed software that would help make every decision throughout the 720-calendar-day contract period was both timely and accurate. As a result, WASKITA decided to adopt BIM workflows and a digital twins approach using Bentley technology.

Breakthrough

Core to WASKITA successfully overcoming many of the engineering challenges faced on the Manggarai Station project was their creation of a multidiscipline BIM coordination model using Bentley technology.

Using OpenRail Designer, OpenBridge Designer, and ContextCapture, they transformed their traditional 2D paper-based processes into 3D clash detection and resolution digital workflows, enabling engineers to measure true distances between designed structures and existing assets to ensure adequate clearance and right-first-time construction.

Geometry control capabilities in OpenBridge Designer enabled them to calculate accurate geometry and coordinate information for each bridge segment, then export the data directly to the manufacturer. This practice helped mitigate against the significant risks associated with ordering segments of the wrong size or number.

With significant constraints that included the need to keep lines on the existing railway operational throughout the construction schedule, and due to their ability to visualize and clearly communicate planned activities to other team members and stakeholders, WASKITA adopted SYNCHRO to perform 4D construction modeling on the Manggarai Station project.

“Setting up a digital twin with Bentley’s technology is very convenient,” said Marsa Achadian Tyarpratama, BIM junior expert at WASKITA. “When the client urged us to give options concerning what outcome that they wanted to achieve in this project and how much it will cost, there was no better way to point those options out than visualizing it with the digital twin.”

Outcome

Combining design information for tracks, civils, bridges, and structures, with a 3D reality mesh of the existing ground, WASKITA’s BIM coordination model has helped the organization and different stakeholders on the project make better, more informed decisions.

Having helped identify budget shortages within the design review, WASKITA’s coordination model allows them to clearly visualize different alternatives in terms of project scope and cost. It is proving to be a critical part of the organization’s ongoing work and negotiations with its client for project amendments.

The use of OpenBridge Designer, OpenRail Designer, and ContextCapture for clash detection and resolution on the project has meant that WASKITA has avoided issues that might not have been discovered until construction commenced. As a result of identifying potential problems earlier in the process, WASKITA avoided additional time and cost overheads of approximately 0.3% per month. WASKITA’s use of geometry control functionality in OpenBridge Designer has helped mitigate the risks and avoid the unnecessary cost and delays associated with incorrectly cast bridge spans.

In response to demands for more clarity on construction sequences, WASKITA’s use of SYNCHRO helped shorten the construction schedule by optimizing the resources available. Adoption of this digital workflow enabled right-first-time construction, as well as provided valuable insight for WASKITA and other stakeholders on the project.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, ContextCapture, MicroStation, OpenBridge, OpenRail Designer, and SYNCHRO 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.

Volgogradnefteproekt Creates Digital Twin of a Large-scale Gas Processing Complex, Enabling Streamlined Design, Construction, and Operations, and Reducing Downtime by 10%-15%

19.10.2020 2:00

The ethane-containing gas processing complex (ECGPC) consists of a gas processing plant, a gas chemical complex, and transport infrastructure
Volgogradnefteproekt, LLC leveraged advanced technologies to support design, construction, and operations, creating a digital twin
Providing an integrated and dynamic collaboration environment for globally dispersed project participants, the digital twin helped them review, compare, and assemble a 3D model containing elements created with different design applications
Their digital twin of the facility for operations was developed during the design stage, achieving a savings estimate of more than USD 5.5 million

Project Overview

PJSC Gazprom, a natural gas provider in Russia, wanted to produce an ethane-containing gas processing complex (ECGPC). The integrated project would consist of a gas processing plant (GPP), a gas chemical complex (GCC), and road infrastructure near the Ust-Luga village of Kingiseppsky in the Leningradskaya Oblast, near St. Petersburg. The large scale and complexity of this project required the collaboration of an international team located across the globe including the Netherlands, South Korea, China, and Russia.

Volgogradnefteproekt, LLC (VNP) was tasked with delivering this large-scale gas processing complex. The GPP will create ethane for use by the GCC to produce commercial polymers. This gas chemical complex is unique, however, in terms of both the volume of raw materials and products processed. Polyethylene production requires large amounts of water (130,000 cubic meters per day), so the project needed to maximize the reuse of water. Since the plant is in an area where it rains frequently and is very humid, VNP was required to design the facility to collect and treat rainwater to use it in the production process. All industrial wastewater and gray water need to be directed to treatment facilities to replenish the water supply used for industrial needs. Implementing these measures will prevent the facility from dumping contaminated water into local rivers and cut the need for continuous water extraction from external sources by almost 50%, helping to reduce the environmental impact.

Challenge

To make this large-scale, highly technical project a success, VNP recognized that they had to push the boundaries of technology. With team members located across several countries, they had to find a way to share data among each other seamlessly and cost effectively. They looked for a company that would offer software with cutting-edge collaboration capabilities to communicate with all project participants, as well as applications they could use to create a digital twin of the operational facility. They needed a management system that could handle a large amount of information, including visually planning the construction, procurement, and documentation development, and monitoring and controlling the construction progress. Furthermore, VNP needed software that would support the implementation of facility commissioning, analyze changes and potential changes, and determine the impact these changes would have on construction, procurement, and the schedule.

To meet their information management goals, VNP needed a multifaceted BIM solution with 4D construction modeling, enterprise asset creation, and engineering data management. However, they needed the right software to help them effectively leverage these systems and data, while providing a way to control the progress of work, analyze the as-built facility, as well as make changes and prepare the necessary reports. They also needed to ensure that the software featured a design capacity to produce 3 million tons of commercial polymer per year, all while communicating across various countries.

Breakthrough

VNP realized that Bentley could provide the technology to meet the challenging information management and collaboration requirements, as well as develop a digital twin of the facility during the design stage—while considering the requirements for the facility’s future operation digital twin. They created and curated a digital twin to provide an integrated and dynamic environment for globally dispersed project participants to collaborate. Bentley’s iTwin Services were used in the project delivery phase to review, compare, and assemble a 3D model containing elements created with different design applications, including AVEVA, TEKLA, and Bentley applications.

ProjectWise was used for collaboration, engineering data management, and as the single source of truth for the project participants across Europe and China. The project used AWP to plan and manage the construction, as well as SYNCHRO and ProjectWise to create a single system for work planning and acceptance. VNP will deliver the final 3D model of the facility as an iModel and use AWP to plan and manage the construction. Lastly, AssetWise ALIM will be used in the future to create a digital asset for the operations phase.

“We work out all the processes in the digital world before we implement them in the real world,” said Sergey Golub, head of Volgogradnefteproekt’s integrated design and auditing department. “Therefore, the future possibilities of digital twins are unlimited and will allow us to eliminate potential errors in the physical world. It is the digital models that unite participants during decision-making and decision implementation, regardless of the number of participants and their location. This is the international language of interaction.”

Outcome

VNP’s ambitious use of advanced technologies for information management and project delivery is yielding noteworthy results. All the necessary materials are being received by the time that they are needed at the construction site, reducing potential downtime by 10% to 15%. Each construction documentation package is prepared by the time the corresponding work begins in accordance with construction packages, potentially reducing the labor costs of developing documentation by 5% to 10%. Installation tasks are assigned, and work is accepted, in accordance with construction packages, leading to a predicted process acceleration of 10%. These improvements helped ensure streamlined collaboration and communication across a globally dispersed team.

A digital twin of the facility was generated as part of the design and construction process without additional labor costs or accounting associated with creating it after the facility is complete, saving an estimated USD 5.5 million. The digital twin is not only a twin of the facility itself but also of the organizational processes that are implemented during the physical replication and construction of this facility.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iModel, iTwin, MicroStation, ProjectWise, and SYNCHRO 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.

NYS DOT Delivers First Model-based Contracting 3D Project in Its History; Delivered the Project Under Budget and Restored a Critical Bridge to the Community

19.10.2020 2:00

NYS Route 28 connects Ulster County and Delaware County, New York to the regional highway network and is part of an emergency lifeline corridor during significant flooding events
The NYS Route 28 Bridge over the Esopus Creek frequently floods during heavy rains due to an inadequate hydraulic opening in the structure
New York State Department of Transportation (NYSDOT) needed to design a new bridge that will last at least 75 years and remain open during large storms, while minimizing maintenance and repair costs

Project Overview

NYS Route 28 connects Ulster County and Delaware County, New York to the regional highway network and is part of an emergency lifeline corridor during significant flooding events in Ulster County. The NYS Route 28 Bridge over the Esopus Creek frequently floods during significant rains due to an inadequate hydraulic opening in the structure. The topography of the area allowed for the water to escape the stream bank channel and wash out both the southern and northern approach. New York State Department of Transportation (NYSDOT) needed to design a new bridge that will last at least 75 years and remain open during large storms, including 100 year floods, while minimizing maintenance and repair costs.

Challenge

NYSDOT wanted to deliver this project primarily as a 3D deliverable as New York State’s first “Model-based Contract” but did not have previous experience delivering a 3D project. They sought input from other states but found that only a handful of states had attempted a 3D plan set in horizontal construction. They also needed to address the challenge of deciding the most cost-effective and least disruptive design alternative to replace the bridge, including on the same alignment, upstream, and downstream.

Breakthrough

Prior to this project, NYSDOT had only successfully designed one other project using Bentley’s OpenRoads. However, based on this previous project, they knew that the best way to successfully deliver this one was with the OpenRoads suite of software.

Using OpenRoads Designer and OpenBridge Modeler, they were able to model and compare the three alternatives. Using the application showed that based on costs and impact to the community, the downstream option would be the best.

The proposed bridge was 800 feet long and almost 10 feet higher in elevation than the existing 330-foot structure. There was a super elevation transition on the bridge and the girders were variable depths across the bridge. They were able to successfully model the complicated structure using OpenBridge Modeler, including to model the parabolic tapers on the bridge girders and the complicated diaphragms.

A major flood control berm limited flow during high flow events and needed to be removed as part of this project. NYSDOT quickly put together a model and 3D solid that showed the nearly 30,000 cubic yards of embankment that needed to be removed. The ability to create 3D solids of the cut-and-fill shapes aided in design intent and quantity calculation.

They also used iModels and delivered a 3D model that couldn’t be modified by users, which gave them much needed reassurance in their first effort stamping a 3D model. Utilizing iTwin Design Review allowed for digital review that, compared with traditional print and scan methodology, allowed contractors to access data from the 3D model on their tablet and easily get elevations.

“The NYS RT 28 over the Esopus Creek Model-based Contracting project is the perfect example of what is possible when engineers face an extraordinary problem but have a collaborative partner like Bentley by their side to help them to succeed,” said Zack Maybury, NYSDOT’s P.E. design squad leader.

Outcome

Using the 3D model in construction has reduced quantity discrepancies between the contractor and the engineer in charge (EIC) about calculation for materials, such as asphalt or cut-and-fill quantities. Now that they have 3D solids of the cut-and-fill volumes in the project, there have been no discrepancies. By providing these features in a solid format, it eliminates the possibility of misinterpretation of quantities.

NYSDOT delivered a 3D model that will be updated to reflect any design revisions, as well as the as-built environment. This living document and model will continue forward to function as a key feature for asset management and bridge inspection. The use of this model for asset management will enable the project to fully make use of a 3D model in design, construction, and inspection.

NYSDOT modeled and evaluated three distinct bridge alternatives to determine an economical design with minimal public impact during construction. NYSDOT was cautious that this method of project delivery might cost more to administer until contractors were more familiar with it. However, they were ecstatic when bids came in actually lower than the engineer’s estimate. They successfully created an iModel of the proposed bridge, advancing this solution for future use by the department. This project advanced the use of Model-based Contracting as a realistic project delivery method for not only NYSDOT, but other DOTs and agencies as well.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, iModel, iTwin, OpenBridge, OpenBridge Modeler, OpenRoads, and OpenRoads Designer 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.

Siemens Energy and Bentley Systems introduce asset performance management solution for oil & gas operators

19.10.2020 2:00

Solution combines Bentley Systems Inc.’s asset performance software capabilities with Siemens Energy’s oil and gas equipment expertise
Enhances equipment uptime and reliability while reducing maintenance costs and safety risks

Siemens Energy and Bentley Systems, Inc. (Bentley) have announced a joint solution that delivers intelligent analytics derived from domain experience to reduce operating expenditures associated with oil and gas assets. The new service, known as Asset Performance Management for Oil & Gas, or APM4O&G, incorporates key complementary offerings from both companies to help operators enhance asset performance, eliminate downtime, and reduce maintenance costs.

The APM4O&G solution combines Bentley’s advanced asset performance software capabilities (AssetWise) with Siemens Energy’s technology and service expertise to empower operators to improve maintenance operations and planning.

The solution, part of Siemens Energy’s Omnivise digital solutions portfolio, supports maintenance activities across several assets, including onshore compressor stations and gas processing plants, as well as offshore production platforms and floating production, storage, and offloading (FPSO) vessels.

The APM4O&G solution adopts smart, condition-based strategies based on predictive analytics to optimize maintenance schedules in compressor stations and gas processing plants, helping extend asset life and keeping maintenance costs down. Offshore, the solution helps operators reduce logistics costs associated with unplanned maintenance activities. Operators can also make the best use of limited laydown and storage areas offshore by holding just the right spare stock based on risk-based maintenance strategies.

In addition to monitoring assets, the APM4O&G Solution can run powerful diagnostics and risk analysis scenarios that further optimize plant uptime, including failure mode effect analysis, an operational health index of equipment, and a remaining useful life estimate for an individual component or a whole system.

“APM for oil and gas is the latest example of how our strategic alliance with Bentley is driving value for our customers,” said Laura Anderson, Head of Siemens Energy Services Controls & Digitalization business. “Through our combined offerings and expertise, the APM4O&G solution will help our customers manage maintenance costs, improve equipment reliability, minimize the risks of lost-time Incidents and serious injuries, and increase the performance and availability of their oil and gas production and processing infrastructure.”

The introduction of the APM4O&G solution follows the successful launch of an APM solution for power plants, announced by Siemens Energy and Bentley Systems in 2018.

“We’re excited to continue our strategic partnership with Siemens Energy to lower the risks and costs associated with maintaining the operationscritical infrastructure,” said Greg Bentley, CEO, Bentley. “Once again, our collaborative efforts, combined with advances in IoT, smart system diagnostics, and performance digital twins, are helping owner-operators reach new levels of efficiency and performance with their oil and gas assets.”

This press release and further material is available at
https://bit.ly/34VrRc9

For further information on Siemens Energy, please see
www.siemens-energy.com

For further information on Asset Performance Management for Oil & Gas (APM4O&G), please see
https://bit.ly/3jZiUF9

For more information on Siemens Energy Omnivise digital services portfolio, please see
https://bit.ly/3dp46gx

For more information on Bentley System’s AssetWise, visit:
https://www.bentley.com/products/brands/assetwise

Follow us on Twitter at: www.twitter.com/siemens_energy

Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 91,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2019. www.siemens-energy.com.

POWERCHINA Huadong Engineering Uses BIM to Provide the Foundation of a Digital Twin and Transform the Ancient Chinese City of Shaoxing

19.10.2020 2:00

POWERCHINA Huadong Engineering Corporation Limited (HDEC) is responsible for the digital engineering of Shaoxing’s new Urban Rail Transit Line 1
Construction of the 34.1-kilometer line in the Zhejiang province is planned to finish in June 2021, with railway operations scheduled to commence in 2022
Real-time analysis and processing of data from multiple sources in a connected data environment is helping HDEC improve decision-making across its entire business
Digital workflows are enabling HDEC to increase productivity, improve quality, mitigate risk, and lay the foundations of a digital twin of the railway for use in operations and maintenance

Project Overview

The ancient city Shaoxing, situated south of the Yangtze River in the Zhejiang province of China, has a history of more than 2,500 years. Famed for its abundant rainfall and with numerous lakes and rivers covering a 21-square-kilometer area, the city has earned the reputation of being the “Oriental Venice.”

Shaoxing’s new Urban Rail Transit Line 1 is the largest infrastructure project in the city’s history, and is of great significance due to its part in linking the cities of Hangzhou and its Metro Line 5, with Shaoxing via the Hangzhou-Shaoxing Intercity Railway.

Shaoxing Rail Transit Group entrusted Huadong Engineering Corporation Limited (HDEC) to digitally engineer the entire Line 1—including project management, overall consultation, survey, design, construction, and handover to operations and maintenance—at approximately CNY 24 billion.

However, HDEC required software that would help streamline this complex construction project. Construction of the 34.1-kilometer line is mainly underground and includes 24 stations, 25 sections, one depot, a parking lot, two main substations, and a control center. Construction commenced in 2017 and is expected to take 54 months to complete, with operations estimated to start in 2022.

Challenge

HDEC needed to overcome the issues of limited underground space and complex environmental conditions, numerous technical interfaces between the multiple disciplines involved during design and construction, and governmental cooperation between departments and units from the cities of Hangzhou and Shaoxing.

They faced complex hydrogeological conditions along the line’s corridor, where soft soil is relatively thick, meaning that they had to pay particular attention to the safety of foundation pits, long-term settlement, and water leakage during design and construction.

They also needed software to help overcome significant project planning and traffic organization challenges. The existing infrastructure conditions were complex because the railway passes through Shaoxing’s old town, featuring narrow roads with large traffic flows, river courses, 26 bridges, two railways, and cultural and historical protection zones.

Due to Shaoxing Rail Transit Line 1’s dual-function of serving commuter passengers within the city and connecting with the city of Hangzhou via the Hangzhou-Shaoxing inter-city line, technology standards and interface protocols—such as vehicle selection, operation organization, power supply division, communication networks, and signal systems—needed to cover the entire line.

Breakthrough

Facing tight deadlines and a high level of complexity on the project, HDEC realized that it was critical for them to consider ways of improving both the efficiency and quality of design, construction, commissioning, and handover of the rail line to operations.

They knew that their previous, traditional IT consulting processes would not be enough. They needed to adopt advanced digital workflows, and a digital twins approach, applying Bentley’s open and collaborative design applications plus iTwin technology on the project.

At the outset, HDEC leveraged aerial photography within ContextCapture to create a 3D reality mesh that truly reflected the existing conditions of the city’s landscape, architecture, and road network.

They developed their own 3D geology software called GeoStation® based on Bentley technology, using it along with the subsurface utility engineering functionality within OpenRoads to create an integrated BIM model of the railway’s route. They were able to leverage the insight that they gained for many tasks, including the complex design and engineering of subway crossings, as well as modeling of existing sub-surface pipelines.

Where the railway line passes through or is adjacent to key buildings and structures, HDEC used Bentley’s iModel technology to integrate BIM models created by each of the many different disciplines involved, often including data generated by other non-Bentley software.

During construction, Bentley’s iTwin technology enabled them to consume dynamic and static data in their digital construction management platform. Enabling each participating unit to contribute to and collaborate on a unified 3D view meant that HDEC could improve many construction management activities, including component-level project schedule management, quality management, safety management, and cost management.

“To improve the information and digital management for this project, we deployed Bentley’s 3D design, engineering, and collaboration platform,” said Yexing Zhang, executive general manager, Zhejiang Huadong Engineering Digital Technology Co., Ltd., POWERCHINA Huadong Engineering Corporation Limited. “This innovative approach, which included the use of Bentley’s open applications, a connected data environment, and iTwin technology, meant that we had greater control of all elements within the project, and is helping ensure that our high-quality design transfers to a greater standard of construction and will ultimately result in improved levels of operation upon the railway’s completion.”

Outcome

Integrating survey, geology, and pipeline models, along with the 3D design of the railway planning models, reduced more than 800 hours of field data collection time in the areas of site survey, and geological and pipeline exploration, saving an investment of over CNY 3 million in resource hours.

The ability to manage urban spatial data and planning data of the subway’s surroundings in a single unified environment helped them complete route exploration, station location, and civil construction planning in ways that reduced the impact of subway construction on the citizens of Shaoxing.

Combining BIM data with automated monitoring technology means the impact of construction on the surrounding environment can be analyzed in real time. To date, the team has dealt with over 100 abnormal data events that previously could have negatively impacted construction or the cultural heritage of the city.

The use of digital workflows during the design phase has resulted in the removal of many traditional processes altogether, enabling design productivity across disciplines to increase by a factor of two, as well as design review efficiency by a factor of three.

Using digital workflows during drawing production, HDEC eliminated many low-level problems, and produced higher quality deliverables, and shortened the entire cycle by 20%, resulting in a saving of CNY 10 million.

By implementing real-time analysis, processing of data from multiple sources—including BIM, GIS, big data, and the Internet of Things (IoT)—and leveraging cloud computing, artificial intelligence (AI) augmented and virtual reality (AR and VR) in a connected data environment, HDEC is realizing the full value and potential of their data to support improved decision-making across their business.

Moreover, with the seamless transfer of digital assets throughout the entire process, they are laying solid foundation for a digital twin of the railway to be used in the latter stages of project delivery, and onward into operations and maintenance.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, ContextCapture, iModel, iTwin, MicroStation, OpenRail Designer, and OpenRoads 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.

Sweco Implements a Connected, Digitalized Approach across Their Global Projects, Saving 10% in Efficiency on Project Programs

19.10.2020 2:00

Sweco is one of Europe’s leading architecture and engineering consultancies, carrying out multidiscipline projects in 70 countries annually throughout the world
They aimed to implement a roadmap for driving consistent standards and workflows and leveraging project insights for data-driven and proactive project management
Sweco saw significant gains in productivity, while mitigating risk, improving overall quality of project delivery
Their connected, digitalized approach, supported by digital twins, has enabled them to consistently drive better outcomes across their global projects

Project Overview

Sweco, one of Europe’s leading architecture and engineering consultancies, carries out multidiscipline projects in 70 countries annually throughout the world. In their pursuit of shaping tomorrow’s sustainable cities and societies, they believe that infrastructure is an essential part of this revolution and will be the foundation for the coming years. To achieve these advancements in infrastructure, they made it their goal to implement a connected, digitalized approach across their global projects. They aimed to implement a roadmap to enforce consistent standards and workflows, shift to data-driven management processes, and drive proactive project management using real-time, automated insights.

Challenge

Without embracing a connected, digitalized approach to project information management, collaboration, and decision-making Sweco knew that they would be limited in delivering consistent, high-quality project outcomes.

For example, Sweco recognized that traditional data management methods were often time-consuming, labor intensive, and error prone. Project data under these methods was unstructured and tedious to manage because the data was housed in several locations—including servers, local hard drives, and ad hoc file-sharing—resulting in dispersed and duplicated information across several locations. As their globally distributed, multidiscipline teams worked with large volumes of data from multiple sources and in a variety of formats, they needed a solution that would encourage collaboration rather than reduce the effectiveness of their teams working together.

Sweco also knew that they had to push the boundaries of how their global projects and teams were connected to information and to one another. Not only did they need to reliably and quickly work with up-to-date project information across disciplines and worksites, they also needed to standardize and effectively manage their information in a centralized, up-to-date data model. The centralized data model would help them gain efficiencies and mitigate risk by ensuring their projects adhered to BIM standards and best-practice workflows. They could also give their project managers access to automated project insights to identify and circumvent potential bottlenecks and issues ahead of time.

Sweco knew that it was a challenge to implement this connected, digitalized approach across their projects globally, but without it, they risked letting these limitations hold them back from being an industry leader in advancing infrastructure.

Breakthrough

Sweco realized that a connected approach would provide immediate benefits. Multidiscipline teams could collaborate faster and easier, as well as leverage industry-proven BIM workflows in a live, common data environment. They would be able to integrate multiple sources of data to create intelligent digital twin models to connect data and apply information to actionable project insights.

As Sweco explored potential solutions, they recognized that ProjectWise could help them successfully enable their connected approach across their global projects. ProjectWise enabled them to create a digital twin, which served as a single source of information for any given project and enabled them to collect, manage, and disseminate all relevant project documents for multidiscipline teams in managed processes. ProjectWise empowered them to leverage the insights from this data as well via automated dashboards.

“Embracing Bentley’s managed service with our ISO 19650 data model is allowing us to fast-track our aspiration to deliver digital twin solutions for our partners and clients,” said Rupinder Wilkhu, head of digital delivery and BIM at Sweco, UK.

Since deploying ProjectWise in October 2019, Sweco has used it as the single source of information for 16 major projects across 14 organizations globally. In particular, Sweco UK is delivering 10 projects within their data model, with an estimated cost of over GBP 750 million from 16 offices and with over 300 project members, allowing clients, designers, contractors, and stakeholders across England to work together in one large collaborative team.

Outcome

Sweco was able to successfully deploy ISO 19650-compliant ProjectWise data models within four weeks from the data source made available by Bentley – a process that has previously required in-house customization and taken up to six months.

By embracing a live decision-making process to digitally approve design deliverables, Sweco has seen 10% efficiency savings on project programs. Improved information management has enabled them to leverage clash avoidance processes to gain up to 30% more efficiency in interdisciplinary review processes, as well as ensure all project information created and managed within folders aligned with the client’s asset-data requirements, to gain further efficiencies and success meeting client expectations by ensuring a seamless digital handover at each completion stage.

Additionally, the ability to access near real-time, automated project insights has allowed them to predict early warning signs and mitigate potential issues to the project delivery. Without needing to manually extract and analyze performance data, Sweco project leaders were able to make more proactive decisions, which was critical in delivering projects faster and with less risk.

Through these changes, Sweco has seen significant gains in overall productivity, enabling their teams to deliver projects faster and meet deadlines easier. They have also seen significant reductions in risk, mitigating design errors, rework, and schedule risks across their projects. These benefits have translated to cost savings as well, in addition to improved quality of project delivery.

Sweco is currently supporting more than 3,500 internal users and 500 external users across 400 projects globally, embracing a cultural change that is allowing them to optimize project outcomes across their enterprise.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, and ProjectWise 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.

MCC CERI Implements Digital Factory Approach on World’s Largest Relocation of an Iron and Steel Plant, Enabling a 75% Reduction in Commissioning Time

19.10.2020 2:00

MCC CERI is tasked with designing and building a new modern iron and steel plant under a very strict time frame
A digital factory is being created and maintained alongside the physical factory to synchronize design, construction, delivery, and operation, improving both project delivery and asset performance
The digital factory approach is enabling a 75% reduction in commissioning time, and typical operations savings of 60-70% by reducing energy consumption

Project Overview

With the 2022 Winter Olympics scheduled for the congested city of Beijing, the owner of the Xuanhua Iron and Steel Plant took the opportunity to modernize the factory and relocate it to Tangshan on the coast. Moving the facility will substantially reduce pollution and carbon emissions, allowing attendees to enjoy the Games in a cleaner and safer environment. MCC Capital Engineering & Research Incorporation was hired as general engineering, procurement, and construction contractor for this large and extremely complex CNY 40 billion project. The design involved more than a dozen disciplines, including equipment, heating power, gas, ventilation, electrical engineering, and instrumentation. They were distributed across several project sites and MCC CERI’s headquarters, making collaboration difficult.

Challenge

The project posed significant technical, engineering, and coordination challenges, compounded by significant site constraints and the need to complete it before the start of the Olympic Games, which imposed a very tight timeframe on them. They also had to keep errors, omissions, and collisions in the design stage to a minimum, which proved difficult given the size of the project team. To meet the aggressive schedule MCC CERI had to build a digital twin of the factory (a digital factory) that would synchronize the design, construction, delivery and operation of the physical factory. To successfully complete this project, they needed to coordinate more than a dozen different engineering disciplines, spread across 70 sub-projects.

Breakthrough

A long-time user of Bentley applications, MCC CERI chose to adopt a collaborative BIM methodology in a connected data environment. ProjectWise provided a collaborative design platform to coordinate all disciplines and manage the project design process and design deliverables. The multidiscipline engineering team is using AutoPIPE, Bentley Raceway and Cable Management, Bentley Substation, MicroStation, OpenBuildings Designer, OpenPlant, OpenRoads, ProSteel, and ProStructures to design the equipment, infrastructure, industrial pipelines, ventilation and dust removal, and electrical bridges, all of which are intricate and complicated. Using SYNCHRO for the first time, they conducted construction simulation for precise layout and installation within a limited space. Using digital photogrammetry with ContextCapture, they are tracking the as-built status in real time. MCC CERI developed an engineering data center based on AssetWise to bring together all the digital data, and enable 100% digital delivery integrating across engineering, construction, and operations. The digital twin of the factory includes all equipment and processes, collecting data from on-site controllers, equipment, operations, and other information, and uses the process equipment signals to drive simulations of production. In this way they achieve the real-time synchronization of the digital factory and the physical factory.

“With the 2022 Winter Olympic Games being held in Beijing, China, the Xuanhua Iron and Steel Plant, an old factory that has been in operation for 89 years and is not far away from the stadium, will be relocated to the Laoting Economic Development Zone in Tangshan City where an advanced, efficient, green, and intelligent modern factory will be built,” said He Zhang, project BIM manager with MCC CERI. “The total investment of this project is more than CNY 40 billion, and Bentley’s collaborative design solutions will allow us to build the digital plant and complete the project on time.”

Outcome

Using ProjectWise to collaborate across disciplines, MCC CERI was able to shorten the design cycle by 35 days. The digital factory approach is reducing their commissioning costs by 75%, and using the digital factory to simulate production is enabling production process improvements. For example, a “typical operational saving” of 60-70% reduction in energy consumption is expected to be achieved by optimizing the operations of the shot blasting machine. Lastly, by meeting the very tight project time frame, MCC CERI is ensuring that there will be clear water and blue skies at the venues of the 2022 Beijing Winter Olympics.

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© 2020 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, AutoPIPE, Bentley Raceway and Cable Management, Bentley Substation, ContextCapture, MicroStation, OpenBuildings, OpenBuildings Designer, OpenPlant, OpenRoads, ProjectWise, ProSteel, ProStructures, and SYNCHRO 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.

FutureOn Secures Investment from the Bentley Acceleration Fund to Accelerate Oil & Gas Digitalization

19.10.2020 2:00

Gains commitment from global infrastructure software developer to advance next generation of digital twin solutions

OSLO – 19 October 2020 – FutureOn, the fast-growing Norwegian software company that works with an expanding portfolio of global energy companies, announced today that it has secured an investment from the Bentley Acceleration Fund and established a strategic partnership with US-based Bentley Systems to accelerate the digitalization of the oil and gas industry.

FutureOn and Bentley Systems (Nasdaq: BSY), the infrastructure engineering software company, will combine FutureOn’s award-winning field design application (FieldAP) and its API-centric collaboration platform (FieldTwin) with Bentley’s iTwin platform to provide customers a next-generation digital twin solution capable of driving design methodologies in upstream project development for the next decade. Both FutureOn and Bentley platforms use open web standards to facilitate complex integration and customization, and the combined offerings are already being implemented in exploration and production workflows.

“This is a significant milestone for FutureOn which will greatly drive the growth of our business by extending its reach,” said FutureOn CEO Paal Roppen. “Also, while we will work closely with Bentley we will maintain our neutrality as an independent software vendor with a clear mandate to provide our customers a fully open and standards-driven digital platform. This flexibility supports our customers’ desire for remote collaborative decision making at a critical time for the oil and gas industry.”

FutureOn emerged from the highly respected 3D visualization agency Xvision with over 20 years of visual engineering experience specifically in the oil and gas subsea domain. In 2019 FutureOn’s FieldAP received the OTC Spotlight on New Technology Award for best software innovation in the oil and gas industry. Most recently, the company has launched the cloud-based data platform FieldTwin, which offers centralized API integrations to many of the leading engineering simulation and data analysis tools. When combined with FieldTwin, FieldAP enables cross-discipline remote collaboration for design and development of subsea digital twins.

“FutureOn has grown quickly and taken an industry-leading position in very short time thanks to bold moves like this,” added Roppen. “Today, digitalization is more important than ever for the oil and gas industry as challenging market conditions persist. Innovative and disruptive technologies such as those we develop alongside Bentley will fill an emerging void.”

“We are excited for this new opportunity to collaborate with FutureOn to provide advanced digital twin technology for the oil and gas industry, and especially for the addition of subsea expertise,” said Ken Adamson, Bentley vice president, design integration. “Combining our design, modeling, and analysis experience with FutureOn’s data management and visualization acumen to help build subsea digital twins will enable our users to further enhance their engineering performance, operations and profitability.”

For more information about FutureOn, its FieldTwin platform or the company’s work with Bentley Systems please visit www.futureon.com.

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About Bentley Systems’ Acceleration Fund
Bentley Systems’ Acceleration Fund was founded in 2020 to invest in new and incremental participants in open ecosystems to advance infrastructure digital twins. The Bentley Systems Acceleration Fund is chartered to accelerate the creation and curation of digital twins, and to foster technologies and innovations so enabled, by nurturing new ventures, making minority investments, and acquiring and expanding digital integrators. Investments to date include Digital Water Works, Digital Construction Works, Virtuosity, and The Cohesive Companies. Chief Acceleration Officer Santanu Das welcomes queries from potential ecosystem participants at www.bentleyaccelerationfund.com.

About FutureOn
FutureOn is an agile young Norwegian software company with a passion for innovation and a head full of creative ideas. They bring along a bench of smart thinkers who have been providing appealing visual content to the oil and gas industry for many years and have now turned that creative ability into a software platform. That platform called FieldTwin is changing the way oil and gas engineers are seeing their whole world and collaborating in ways they have never even considered in the past. For more information, please visit www.futureon.com.

Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery

16.10.2020 14:57

Bentley invests in FutureOn for subsea planning, engineering and visibility

EXTON, Pa. – October 16, 2020 – Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure today announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.

With a plan to deliver several subsea tie-back projects over the next 10 years, Shell Deepwater Projects has recognized a significant opportunity to accelerate capital project delivery and cut project delivery time by implementing an integrated digital project & engineering environment. The solution spans project conception in the early phase design through to handover.

“Shell Deepwater Projects is developing an integrated Workflow and Data Platform from system selection to asset handover to streamline our capital projects processes and accelerate time to first oil,” said GT Ju, General Manager Gulf of Mexico Deepwater Projects. “The platform is being developed in partnership with Bentley leveraging Bentley’s iTwin open, scalable Azure cloud-based platform which provides interoperability across owner and supply chain systems. We believe that an end-to-end platform that gives us visibility and transparency to Project and Engineering data across our portfolio will be a key driver to delivering competitive projects.”

Commenting on the project, Nicholas Cumins, Chief Product Officer – Bentley Systems, said “Think Big – Prove Small – Scale Fast – sums up the overall approach Shell and Bentley share in this initiative. Bentley’s iTwin platform is ideally suited to providing aligned, secure and visual access to project data across the supply chain and capital projects ecosystem. Shell’s selection of Bentley’s iTwin platform validates our open approach to digital twins and underscores the ability of the platform to scale to the largest, most complex capital projects and dynamic engineering use cases.”

Bentley Acceleration Fund Investment
In addition, Bentley announced that it is providing investment funds to FutureOn, a Norwegian software company supporting deepwater subsea projects, to accelerate going digital within the oil and gas industry. The investment sets the stage for FutureOn and Bentley to deliver the next-generation digital twin technology required for oil and gas ecosystems to manage and analyze data, integrate with existing systems, provide analytics visibility, and rapidly explore ideas collaboratively.

FutureOn builds on more than 20 years of visual engineering experience specifically in the oil and gas subsea domain. The company will combine its award-winning field design application (FieldAP) and its API-centric collaboration platform (FieldTwin) with Bentley’s digital twin platform (iTwin) to advance user organizations like Shell Deepwater. Both FutureOn and Bentley platforms use open web standards to facilitate complex integration and customization, and the combined offerings are already being implemented in exploration and production workflows for the creation and curation of subsea digital twins.

“The Bentley Acceleration Fund investment is a significant milestone for FutureOn and will help drive the growth of our business by advancing the FutureOn technology as well as extending our reach,” said FutureOn CEO Paal Roppen. “Today, digitalization is more important than ever for the oil and gas industry as challenging market conditions persist. Innovative and disruptive digital twin technologies such as those we develop alongside Bentley will help farsighted organizations like Shell Deepwater to improve project and asset performance.”

About FutureOn
FutureOn is an agile young Norwegian software company with a passion for innovation and a head full of creative ideas. They bring along a bench of smart thinkers who have been providing appealing visual content to the oil and gas industry for many years and have now turned that creative ability into a software platform. That platform called FieldTwin is changing the way oil and gas engineers are seeing their whole world and collaborating in ways they have never even considered in the past. For more information, please visit www.futureon.com.

About Bentley Systems’ Acceleration Fund
Bentley Systems’ Acceleration Fund was founded in 2020 to invest in new and incremental participants in open ecosystems to advance infrastructure digital twins. The Bentley Systems Acceleration Fund is chartered to accelerate the creation and curation of digital twins, and to foster technologies and innovations so enabled, by nurturing new ventures, making minority investments, and acquiring and expanding digital integrators. Investments to date include Digital Water Works, Digital Construction Works, Virtuosity, and The Cohesive Companies. Chief Acceleration Officer Santanu Das welcomes queries from potential ecosystem participants at www.bentleyaccelerationfund.com.

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, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $700 million, in 172 countries. www.bentley.com

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Bentley, the Bentley logo, AssetWise, Digital Construction Works (DCW), iTwin, MicroStation, ProjectWise, The Cohesive Companies, and Virtuosity 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.

Shell Deepwater Selects Bentley’s iTwin Platform for Project Delivery

16.10.2020 14:57

Bentley invests in FutureOn for subsea planning, engineering and visibility

EXTON, Pa. – October 16, 2020 – Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure today announced that Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.

With a plan to deliver several subsea tie-back projects over the next 10 years, Shell Deepwater Projects has recognized a significant opportunity to accelerate capital project delivery and cut project delivery time by implementing an integrated digital project & engineering environment. The solution spans project conception in the early phase design through to handover.

15.10.2020 21:38

Press Coverage

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Bentley Systems Announces Pricing of Initial Public Offering

23.9.2020 1:30 EXTON, Pa., U.S.A. – September 22, 2020 – Bentley Systems, Incorporated (“Bentley”) today announced the pricing of the initial public offering of 10,750,000 shares of its Class B common stock at a price to the public of $22.00 per share. The shares of Class B common stock to be sold in the offering are being sold by existing stockholders of Bentley. The selling stockholders granted the underwriters in the offering a 30-day option to purchase up to an additional 1,610,991 shares of Class B common stock from the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on September 23, 2020 under the symbol “BSY”. The offering is expected to close on September 25, 2020, subject to customary closing conditions.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets is acting as a book-running manager for the offering. Baird, KeyBanc Capital Markets and Mizuho Securities are acting as co-managers for the offering.

A registration statement on Form S-1 relating to the offering has been filed with, and declared effective by, the SEC. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include any statements regarding the commencement of trading of Bentley’s Class B common stock on the Nasdaq Global Select Market and the closing of the offering. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under “Risk Factors” under Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Bentley Systems announces new series on ITwins for executives

16.9.2020 16:50

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Bentley Systems Announces Launch of Initial Public Offering

15.9.2020 18:16 EXTON, Pa., U.S.A. – September 15, 2020 – Bentley Systems, Incorporated (“Bentley”) today announced the launch of the initial public offering of 10,750,000 shares of its Class B common stock. The shares of Class B common stock to be sold in the offering will be sold by existing stockholders of Bentley. The selling stockholders expect to grant the underwriters in the offering a 30-day option to purchase up to an additional 1,610,991 shares of Class B common stock from the selling stockholders. The estimated initial public offering price is between $17.00 and $19.00 per share. Bentley has applied to list its shares on the NASDAQ Global Select Market under the symbol “BSY”.

Goldman Sachs & Co. LLC and BofA Securities are acting as lead book-running managers and RBC Capital Markets is acting as a book-running manager for the proposed offering. Baird, KeyBanc Capital Markets and Mizuho Securities are acting as co-managers for the proposed offering.

A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department at 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com, or BofA Securities, Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, by email at dg.prospectus_requests@bofa.com.

Forward Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include any statements regarding the commencement of trading of Bentley’s Class B common stock on the Nasdaq Global Select Market. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under “Risk Factors” under Bentley’s registration statement relating to the offering. Except as required by law, Bentley has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

Bentley Systems Announces Finalists in the Year in Infrastructure 2020 Awards Program

14.9.2020 15:17

Winners to Be Selected and Announced at Bentley’s Virtual Year in Infrastructure 2020
Conference, October 20-21

EXTON, Pa. – September 14, 2020 – Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today announced the finalists in the Year in Infrastructure 2020 Awards program. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. Sixteen independent jury panels selected the 57 finalists from over 400 nominations submitted by more than 330 organizations from more than 60 countries.

The finalists for Year in Infrastructure 2020 Awards for advancements in infrastructure are:

4D Digital Construction
• DPR Construction – 2019 LSM DS Tech Upgrade
• Mortenson | McCarthy - a Joint Venture – Allegiant Stadium
• Office of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River (Boundary between Jilin Province and Heilongjiang Province) to Harbin, Heilongjiang Construction Technological Innovation & Investment Co., Ltd. – Application of 4D Digital Technology in the Management of the Renovation and Expansion Project of the Beijing-Harbin Expressway Section from Lalin River to Harbin

Bridges
• Arup – Cherrywood Grand Parade Bridge
• Chongqing Communications Planning, Survey & Design Institute Co., Ltd., Guizhou Communications Construction Group Co., Ltd., Guizhou Bridge Construction Group Co., Ltd. – Digital Design and Construction of Taihong Yangtze River Bridge
• Sichuan Road & Bridge (Group) Co., Ltd. – Chishui River Bridge of Expressway from Jiangjin (Chongqing-Guizhou Border) to Xishui to Gulin (Guizhou-Sichuan Border)

Buildings and Campuses
• Beijing General Municipal Engineering Design & Research Institute Co., Ltd. – Innovative Application of BIM in Municipal Engineering Design of Ezhou Civil Airport
• PT. Wijaya Karya (Persero) Tbk – COVID-19 Modular Hospital with NPI Room
• Voyants Solutions Private Limited – Bangladesh Regional Waterway Transport Project 1 – Shasanghat (New Dhaka) IWT Terminal

Digital Cities
• City of Helsinki – Digital City Synergy
• Skanska-Costain-STRABAG Joint Venture – HS2 Main Works Civils Contract
• Systematica S.r.l. – MIND: Testbed of New Mobility Paradigms

Geotechnical Engineering
• Golder Associates Hong Kong Ltd – Tuen Mun-Chek Lap Kok Link Tunnel, Southern Landfall
• HDR Engineering – Oroville Dam 3D Seepage and Stability Modeling of the Tallest Earthen Embankment Dam in the US
• Saidel Engineering SRL – Nine-story Residential Building above the Subway Tunnels in West Bucharest

Land Site and Development
• AAEngineering Group – Dzhamgyr Mine – Project Implementation in Extreme Conditions
• Jacobs Engineering India Pvt. Ltd. – Master Planning and Engineering for Infrastructure Development at Tumakuru, Karnataka
• KCI Technologies Inc. – HUB404 Concept Database

Manufacturing
• Citic Heavy Industries Co., Ltd. – The Application of BIM Technology in Fujian Ansha’s Intelligent Green Cement Production Project with a Daily Output of 4,500 Tons
• MCC Capital Engineering & Research Incorporation Ltd. – BIM Technology-based Construction of Digital Plant for Iron and Steel Base in Lingang, Laoting of HBIS Group Co., Ltd.
• Shenyang Aluminum & Magnesium Engineering & Research Institute Co., Ltd. – Guinea Alumina Engineering Digital Twin Application Project of CHALCO Hong Kong Co., Ltd.

Mining and Offshore Engineering
• AAEngineering Group – Digital Twin of AKSU Plant: from Concept to Startup. A Real Story.
• Sapura Energy Berhad – Transporting of 3-x-330 Class Barge Loaded with Jacket onboard Semi-submersible Vessel
• Volgogradnefteproekt, LLC – Vladimir Filanovsky Offshore Field Modernization and Production Volume Increase

Power Generation
• PowerChina Hubei Electric Engineering Co., Ltd. – Kyrgyzstan Bishkek Thermal Power Plant Reconstruction Project
• Shanghai Institute of Mechanical and Electrical Engineering Co., Ltd. – Shanghai Electric Environmental Protection Group Technology Renovation and Expansion Project for Nantong Thermoelectric Waste Incineration
• TBEA Xi’an Electric Design Co., Ltd. – Application of Digital Technology in the Design of Complex Mountain Wind Farms

Project Delivery
• Aegea Saneamento – Infra Inteligente Program (Smart Infra Program)
• Shanghai Water Engineering Design & Research Institute Co., Ltd – The Integrated Delivery and Application of BIM Technology in the Design, Construction, Supervision and Management of Shanghai Water Pump Sluice Project
• Sweco – Sweco | Digitalization with BIM

Rail and Transit
• China Railway Electrification Engineering Group Co., Ltd., China Railway Engineering Consulting Group Co., Ltd., China Academy of Railway Sciences Corporation Limited – Beijing-Zhangjiakou High-speed Railway
• Network Rail Wales and Western Region – Bristol Area Signalling Renewal Enhancements
• PowerChina Huadong Engineering Corporation Limited – Innovative Application of Digital Engineering Technology in Shaoxing Rail and Transit Construction

Reality Modeling
• AUAV – Warragamba Water Pipeline Digital Twin
• Khatib & Alami – Geo-enabling Reality Model Tips and Tricks
• Merius Oy – Merius Smart Mill

Road and Rail Asset Performance
• Maryland State Highway – Maryland One (SUPERLOAD) Violation Tracking & Asset Insight
• Roads & Transport Authority (RTA) – Collaborative Information System Implementation - Whole Lifecycle Common Data Environment
• SMRT Trains Ltd – Predictive Decision Support System (PDSS)

Roads and Highways
• Sichuan Road & Bridge (Group) Co., Ltd. – BIM Technology Application on Chengdu-Yibin Expressway
• Sweco Nederland B.V. – Oosterweelverbinding Antwerpen
• SAI-SYSTRA Group – Mumbai Coastal Road Project (South) Package – II

Structural Engineering
• CNI Ingenieros Consultores SAS – Engineering Laboratories and Research Building
• Indian Railways – Design & Construction of the World’s Tallest Rail Pier Girder Bridge
• WSP – WSP overcomes Complex Challenges with Bentley’s Technology to Deliver Principal Tower

Utilities and Communications
• IOB Technology Sdn Bhd – BIM for Substation and Electrification Design of Double Rail Track, Johor, Malaysia
• Qinghai Kexin Electric Power Design Institute Co., Ltd. – Dayu 110kV Electrical Transmission and Transformation Project in Hainan Tibetan Autonomous Prefecture, Qinghai Province, China
• Sterlite Power Transmission Limited – Sterlite BIM

Utilities and Industrial Asset Performance
• Gazdaş Gaziantep Doğal Gaz Dağitim A.Ş. & Trakya Bölgesi Doğal Gaz Dağitim A.Ş. – Enterprise GIS Project for Natural Gas Utility on SAP/IS-U
• Glencore – Implementing Asset Reliability Tool for Copper and Nickel Smelters
• Shell QGC – Evolution of Engineering Data, Documents and Information Management

Water and Wastewater Treatment Plants
• AECOM/Wessex Water – Durleigh WTC Reconstruction
• Hatch – Ashbridges Bay Treatment Plant Outfall
• PowerChina ZhongNan Engineering Corporation Limited – Research on the Deep Application of BIM and Digital Twin Technology of Water Delivery Project Based on Bentley

Water, Wastewater and Stormwater Networks
• Companhia de Saneamento Básico do Estado de São Paulo – Operational Restructuring Project of Cursino Water Supply System in São Paulo City
• DTK Hydronet Solutions – Digital Water Network Engineering & Asset Management of Dibrugarh Water Supply Project
• NJS Engineers India P Limited – JICA Assisted Guwahati Water Supply Project

The finalists, chosen by independent juries of industry experts, present their projects during a pre-conference showcase beginning October 5 through October 16, 2020.

Chris Barron, Bentley’s chief communications officer, said, “The circumstances of the global pandemic have made the past few months a challenge for us all, and it is a testament to our users’ resilience that we received over 400 nominees for our Year in Infrastructure Awards program. While we are not able to present this year’s conference and awards ceremony in front of a live audience, the new virtual format gives us the opportunity to re-invent Year in Infrastructure and take full advantage of ‘going digital.’ Attendees can access our informative sessions in real time, or on-demand, making it easier for anyone to attend multiple sessions that might have ran concurrently. We are also providing new and exciting ways to engage with infrastructure thought leaders from around the world and to explore and share their innovative insights.”

The agenda of the Year in Infrastructure 2020 Conference features:
• Pre-Conference Live Judging – The Year in Infrastructure 2020 Awards Finalists Presentation – Oct. 5 – Oct. 16 — Hear from the people behind the most extraordinary infrastructure projects of the year, as they tell their story of how they leveraged digital advancements to achieve unprecedented outcomes.

• TwinTalks – Digital Twins Go Mainstream — Featuring moderated panel discussions with users, Bentley executives, and industry analysts who will share how digital twins are gathering mainstream adoption in six sectors.

• Executive Perspectives: Digital Twins for Infrastructure Resilience — Greg Bentley, CEO Bentley Systems – Discover the software and cloud-service enhancements that empower users to create and operate economically and environmentally sustainable infrastructure.

• Executive Perspectives: Digital Twins — Join Keith Bentley, founder and chief technology officer, Bentley Systems, to learn how users have created digital twins to support accessibility, interoperability, and open standards.

• Digital Twins: Making the Business Case for Digital Twins — Learn how leading organizations have made compelling and successful business cases for deploying digital twins that improve project delivery and asset performance. Featuring Adam Klatzkin, Bentley’s vice president, business development, and Richard Cooper, Bentley’s strategic director.

• Digital Twins Showcase: Twinfrastructure! Twinnovation! — Greg Demchak, director of Bentley’s iTwin Innovation Lab, Mehreen Javaid, Bentley’s digital integrator, and Sanjeev Shah, Bentley’s business development director showcase how users leverage mixed reality (XR) to visualize the past, present, and future of their projects, and create digital twins of existing assets to implement remote inspection and remote assist digital workflows.

• Live: Year in Infrastructure 2020 Awards Ceremony Oct. 21. After careful deliberation, by independent expert juries, the winners of the Year in Infrastructure 2020 Awards will be announced in a live global broadcast at 12:30 p.m. EDT. Don’t miss what has been called the Academy Awards of Infrastructure. Register and watch live.

10.9.2020 15:24

New Cloud Service Assures Data Integrity for Geotechnical Information Management

EXTON, Pa. – September 10, 2020 – Bentley Systems, Incorporated, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today announced the availability of OpenGround Cloud, a new cloud service that enables geotechnical professionals to access reliable geotechnical data for better engineering decision support and to improve collaboration across the entire supply chain. OpenGround Cloud offers a complete solution for planning, data entry, borehole log production, lab data management, reporting, visualization, and more. The cloud service improves collaboration across multidisciplinary project teams and significantly increases the value of geotechnical data by making it easily accessible to key project stakeholders.

Geotechnical project team dynamics and the applications and services they require to manage natural resources are changing rapidly. Relevant geotechnical data is typically dispersed across various applications and devices and can be cumbersome to gather and consolidate, complicating the effective and timely use of this data. Now, with OpenGround Cloud, geotechnical engineers can readily access reliable, high-quality current and historical geotechnical data for the modeling, simulation, and analysis of infrastructure projects’ ground conditions.

Scott Devoe, senior director, geotechnical information management, Bentley Systems, said, “OpenGround Cloud provides a single enterprise repository of multiple data sources for all ground investigation projects—a long-sought improvement for geotechnical and geological professionals. It eliminates the need to retain copies or to exchange data and ensures that everyone in the supply chain has the correct access rights to the most current version. As a result, OpenGround Cloud helps minimize project delays due to encountering unforeseen ground risks during construction.”

Richard O’Brien, principal process engineer with Atkins, said, “From a risk management perspective, we are now able to more easily identify the gaps in data, to highlight risk items and, if required, assist in the planning of targeted ground investigations. From the tender process, when local site data availability is limited, through to detailed design, we are now able to undertake data-driven assessments to aid in our decision-making.”

O’Brien added, “OpenGround Cloud gives us the ability to determine and cross-reference the organization’s geotechnical parameters and correlations with those available from literature sources. Tender design is made more efficient and we can consider a wider range of site properties leading to reductions in geotechnical risk. Ground investigations are planned more effectively taking into consideration multidiscipline and multiproject data leading to reduced costs. And, detailed designs are delivered from a more complete perspective, which leads to greater value for the client.”

2.9.2020 19:27

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