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Caterpillar expands relationship with NCSA for hosting realistic simulations


Caterpillar Inc. today announced it will collaborate with the National Center for Supercomputing Applications (NCSA) at the University of Illinois at Urbana-Champaign to conduct high-performance computing (HPC) projects focused on more realistic simulations that can lead to improved product designs.

Through the expanded partnership, NCSA will host Caterpillar’s simulation research on iForge supercomputer over a three-year period. By conducting these simulations in NCSA’s HPC environment, Caterpillar will increase its dedicated computing resources, enhancing its product modeling and enabling rapid exploration of large design areas.

“The high-performance computing capabilities of today will serve as the industrial workstation of tomorrow,” said Gwenne Henricks, Chief Technology Officer and Caterpillar vice president with responsibility for Product Development and Global Technology. “Working with NCSA, we will gain access to HPC that enables simulation realism, where we can uncover hidden insights on our product designs to feed back to our engineering teams, driving better overall solutions. We also gain access to a high level of talent within NCSA conducting their own simulations, which helps our engineers stretch their imaginations to focus on solutions we could achieve for our own products.”

“I was here when NCSA began working with Caterpillar on digital simulation, and I’m so pleased to be here to see this partnership moving to the next level,” said NCSA Director Ed Seidel. “Our long-standing partnership with Caterpillar really exemplifies the enormous potential for the resources and expertise at NCSA to create economic opportunities and impact.”

Caterpillar has been working with NCSA and the University of Illinois since the 1990s. Since then, Caterpillar has witnessed a multitude of benefits focused on sustainable technology advancements stemming from the company’s involvement with NCSA and the university, including projects through the Champaign Simulation center, and most recently, opening a new Caterpillar data innovation lab on the campus.

Caterpillar contact

Barbara Cox
Global Government & Corporate Affairs
Office: 309-494-4607
Mobile: 256-202-2516
Cox_Barbara_I@cat.com

University of Illinois contact

Trish Barker
Assistant Director for Public Affairs, NCSA
Office: 217-265-8013
Mobile: 217-390-3593
tlbarker@illinois.edu

About Caterpillar

For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2014 sales and revenues of $55.184 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments—Resource Industries, Construction Industries and Energy & Transportation—and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

Forward-looking statements

Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “estimate,” “will be,” “will,” “would,” “expect,” “anticipate,” “plan,” “project,” “intend,” “could,” “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

Caterpillar’s actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity price changes, component price increases, fluctuations in demand for our products or significant shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (vii) our Financial Products segment’s risks associated with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in delinquencies, repossessions or net losses of Cat Financial’s customers; (x) new regulations or changes in financial services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers’ needs; (xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM customers; (xviii) compliance with environmental laws and regulations; (xix) alleged or actual violations of trade or anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or Cat Financial’s compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or government investigations; (xxvi) changes in accounting standards; (xxvii) failure or breach of IT security; (xxviii) adverse effects of unexpected events including natural disasters; and (xxix) other factors described in more detail under “Item 1A. Risk Factors” in our Form 10-K filed with the SEC on February 17, 2015, for the year ended December 31, 2014.

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