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Liège, Belgium, 19 June 2013 – LMS Samtech, European software developer, specialist in Computer Aided Engineering and advanced Finite Element Analysis technologies, was approved Tax Credit Research (Crédit d’Impôt Recherche) by the French Ministry of Higher Education and Research (Ministère de l’Enseignement Supérieur et de la Recherche).
Any subcontracting work of French Industries in R&D for the benefit of LMS Samtech is eligible for Tax Credit Research until December 31, 2014.
LMS Samtech (Belgium) became part of the LMS Group in August 2011. Implementing the same strategy as the Group, LMS Samtech participates in a host of European research projects.
Investments that LMS Samtech devoted to the development of its software and its ability to work in partnership with the most prestigious organizations (industrials, laboratories) led the French Ministry of Higher Education and Research to recognize "the ability of LMS Samtech to conduct R&D projects eligible to Research Tax Credit" until late 2014. After this deadline, new applications may be made to be re-eligible.
In concrete terms, it means that for any French industrial partner, the actual amount charged for R&D projects, engineering services and development may benefit from the Tax Credit Research measure.
“The approval granting allows us to expand the R&D policy led by LMS Samtech, while allowing French industries and laboratories benefiting from the Research Tax Credit measure. We are conducting an ‘Added Value Creation’ oriented policy to leverage French company and Research Center innovation to take over this globalized market with a very competitive positioning,” said Philippe Barabinot, Business Development Director.
LMS is a leading provider of test and mechatronic simulation software and engineering services in the automotive, aerospace and other advanced manufacturing industries. As a business segment within Siemens PLM Software, LMS provides a unique portfolio of products and services for manufacturing companies to manage the complexities of tomorrow’s product development by incorporating model-based mechatronic simulation and advanced testing in the product development process. LMS tunes into mission-critical engineering attributes, ranging from system dynamics, structural integrity and sound quality to durability, safety and power consumption. With multi-domain and mechatronic simulation solutions, LMS addresses the complex engineering challenges associated with intelligent system design and model-based systems engineering. Thanks to its technology and more than 1250 dedicated people, LMS has become the partner of choice of more than 5000 manufacturing companies worldwide. LMS operates in more than 30 key locations around the world.
Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with seven million licensed seats and more than 71,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies, delivering open solutions to help them make smarter decisions that result in better products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.
Note: LMS Virtual.Lab, LMS Imagine.Lab and SAMCEF are registered trademarks of LMS International or any of its affiliates. Siemens and the Siemens logo are registered trademarks of Siemens AG. All other trademarks, registered trademarks or service marks belong to their respective holders.
This press release was published by LMS International prior to Siemens PLM Software acquiring the company on January 3, 2013.