Amendment of Asset Acquisition by Dassault Systemes for Spatial's ACIS Business.Business/High Tech Editors BOULDER, Colo. and SURESNES, France--(BUSINESS WIRE)-- Sept. 6, 2000 Offer to Acquire Assets of Spatial's Component Business Division Increased to $25 Million With Expanded Joint Partnership Agreements Dassault Systemes Dassault Systemes (Dassault Systèmes S.A.) (Pronounced - Dasoh) (NASDAQ: DASTY; Euronext: 13065) is a leading company specializing in 3D and PLM (Product Lifecycle Management) software. (Nasdaq:DASTY) and Spatial Inc. (AMEX AMEX See: American Stock Exchange :STY sty, in medicine, acute localized infection of one or more of the glands of the eyelid, with pain, swelling, and redness of the lid margin, usually caused by a staphylococcus infection. An external sty usually releases its pus and disappears in a day or so. ) announce that the previously reported offer by Dassault Systemes to acquire the Component Business Division of Spatial has been increased to a $25 million cash transaction, along with additional partnership and technology agreements to those previously announced. Subject to stockholder approval and finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of the transaction, Spatial's Web business will operate under the name of PlanetCAD(TM) Inc., and will focus on the developing Web infrastructure market by providing application services See ASP and Web services. and technology for the digital manufacturing supply chain. PlanetCAD will benefit from cross licensing, technology sharing, and marketing agreements with Dassault Systemes and SolidWorks. Spatial's Component Business Division will become Dassault Systemes' new technology company operating under the Spatial name. The new company will offer best-of-breed 3D components addressing the exponential requirements for 3D in Internet based e-commerce and Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) applications. The amended agreements include a perpetual license to PlanetCAD for Spatial's component technologies, a co-branding agreement for Spatial's 3Dshare.com(TM) model interoperability service on Dassault Systemes' and Solidworks' Web sites, a license agreement under which PlanetCAD will host Dassault Systemes and Solidworks file translation, interoperability tools and application services, a joint development agreement under which the two companies will share engineering data translation and healing technologies, and reseller agreements under which Dassault will sell enterprise versions of PlanetCAD's 3Dshare.com model interoperability service and PlanetCAD will sell the IntraVISION Viewer in end user markets. Under the terms of the revised proposal, Spatial will accelerate the introduction of a new pricing model for its Component Business Division to largely eliminate up front license fees and concentrate on building recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. royalty and maintenance fees. The changes to the agreement occurred subsequent to receipt by Spatial of a competing offer to purchase the assets of its Component Business Division from a Dassault Systemes competitor. The preliminary proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to this planned asset sale has been filed with the Securities and Exchange Commission (SEC). When available, the definitive proxy statement may be obtained free of charge from the SEC at its Website (www.sec.gov) or from Spatial by request to Spatial Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. : Geoff High, Pfeiffer Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 303/393-7044, geoff@pfeifferpr.com. The transaction is subject to stockholder approval and will require a majority vote of Spatial's stockholders prior to closing. A proxy statement will be sent to Spatial's stockholders as soon as practicable. When it is available, stockholders should read the proxy statement in its entirety because it will contain important information about the transaction. Spatial is the world's leading provider of Web infrastructure tools and advanced engineering technology solutions to streamline the digital manufacturing supply chain and set global standards for product engineers, designers, software developers and manufacturing professionals. Spatial is headquartered in Boulder, Colo., USA, and has offices in Boston MA, France, Germany, Japan and the United Kingdom. For more information, visit Spatial's Web site at www.spatial.com or call 303/544-2900. Spatial's PlanetCAD division (www.planetcad.com) develops and delivers Web infrastructure tools and applications that help optimize the value of engineering data throughout the manufacturing supply chain, and provides PlanetCAD.com as the premier online destination for manufacturing and design engineers. PlanetCAD's proprietary services and technologies include 3Dshare.com(TM), Bits2parts.com(TM), 3Dpublish.com(TM) and the PrescientQA(TM) 3D data quality products. Spatial Technology Inc., 3Dshare.com, 3Dpublish.com, Bits2Parts.com, ACIS 3D Toolkit, Prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci and PlanetCAD are trademarks, and SAT, ACIS(R) and IntraVISION are registered trademarks of Spatial Technology Inc. All other trademarks are properties of their respective companies. Dassault Systemes S.A. is the premier global software developer for the CAD/CAM/CAE/PLM market, providing companies with e-business solutions to implement their digital enterprise, thus creating and simulating the entire product life cycle from initial concept to product in service. CATIA A family of 2D and 3D CAD programs from IBM. CATIA was one of the first CAD programs to provide 3D solid modeling. The program was developed by Dassault Systems, a French aerospace company. , ENOVIA and DELMIA DELMIA Digital Enterprise Lean Manufacturing Interactive Application solutions support industry-specific business processes to help unleash creativity and innovation, reduce development cycle time, improve quality, competitiveness and stockholder value: CATIA supports the digital product definition and simulation, DELMIA provides solutions to define and simulate lean digital manufacturing processes and ENOVIA delivers enterprise solutions that manage a comprehensive, collaborative and distributed model of the digital product, processes and resources. The combined integration creates the Digital Product life cycle Pipeline, supporting reuse of corporate knowledge. SolidWorks and SmartSolutions, as Dassault Systemes companies, offer respectively 3D design-centric and TeamPDM software solutions based on Windows. Information about Spatial is available at http://www.spatial.com Information about Dassault Systemes is available at http://www.dsweb.com. |
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