Danish software firm with Boeing as its first customer, gains investor  

2007.07.09
Structural Vibrations Solutions, a company born out of research at Aalborg University, has gained an undisclosed investment sum from Spar Vest Fond
Structural Vibrations Solutions, a company born out of research at Aalborg University in northern Jutland, has gained an undisclosed investment sum from Spar Vest Fond, which believes the company's software product could have extremely lucrative potential.
 
Briefly stated, Structural Vibrations Solutions has developed a unique, cutting-edge software for the measurement and analysis of vibration using a technique called Operational Modal Analysis [for the technically inclined, more detailed information is available on the weblink below – Ed] . Mechanical engineers apply the technique to operating machinery such as jet engines and cars, while civil engineers use it on large structures such as bridges and buildings. The application areas for the technology include detection of cracks in buildings and metal fatigue in aircraft and offshore installations.
 
Structural Vibrations Solutions' very first customer was Boeing. Since then, the customer list has expanded slightly to include the Japanese automotive giant Mazda and the US space agency NASA.
 
One of the company's two directors, Palle Andersen, estimates that the market for their product is worth around DKK 20 bn (USD 3.7 bn) annually. Structural Vibrations Solutions is the only one in the world with a patent on the software in question. Behind their technological invention lies 15 years of solid research. The next step will be the employment of product development and sales staff.
 
The news was reported by financial daily newspaper Børsen
 

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