|Announcement of the revision of the subscription service contract prices|
|(Posted on March 29, 2019)|
FORUM8 would like to announce that, for various reasons, we have revised our software subscription service contract rates.
Lately, we have had to improve our UC-1 series software products in order to support various standard specifications for the construction industries, develop and embed into these products data exchange functions including the ability to export data, and maintain product quality. By the end of March, a new function that allows the addition of 3D annotations in line with the "Standard specifications for the creation and representation of 3DA Annotated Models (hereafter, 3DA models) set forth by the Ministry of Land, Infrastructure, Transport and Tourism of Japan" to 3D models to turn them into 3DA Annotated Models will be built into 40 UC-1 products, as part of our continuous efforts to optimize our products for CIM (equivalent to BIM for construction and civil engineering). In addition, a new ES export function that allows users to convert and export data for import to, and use in the 3D dynamic non-linear structural analysis software Engineer's Studio® will also be implemented in these UC-1 products.
Moreover, because industry now has high expectations of software quality assurance as means of guaranteeing software quality, we have begun initiatives to achieve PSQ certification as one of the best practices for software quality assurance, and thanks to this approach most of our products including VR software are now PSQ accredited or pending PSQ accreditation. We are also reinforcing our test team for comprehensive testing, as well as support desk service to meet the expectations of our valued users.
For these reasons, we decided to revise the subscription service contract
rates to new rates that range from 15% (for products priced over USD10,000)
to 50% (for products priced at or under USD200) depending on the product,
as from April 1, 2019. The product price and subscription service contract
price for products corresponding to the old construction standards will
decrease by 30%, and names of those products have been revised to "Current
product name_old standard" or similar.
Thank you for your understanding.