Avatech Solutions Releases PrescientQA for CATIA V5.Business Editors/High-Tech Writers OWINGS MILLS, Md.--(BUSINESS WIRE)--Feb. 11, 2003 Industry-Leading Quality Assurance Software Improves Data Quality for Manufacturers using 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. (R) V5 Platform Avatech Solutions (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AVSO AVSO Association of Voluntary Service Organisations .OB), a leading provider of design automation and quality assurance solutions for the manufacturing, building design and engineering markets, announced the availability of PrescientQA(TM) for CATIA V5. The latest release of Avatech's award-winning PrescientQA Enterprise Solutions provides a superior quality assurance platform--enabling manufacturers to achieve greater productivity and profitability by reducing product design errors and engineering changes, and improving data interoperability from start to finish throughout the manufacturing supply chain. Building on top of CATIA V5 platform's current capabilities, PrescientQA improves the quality and re-usability of all CATIA models. "As long time users of PrescientQA products, we are looking to the new version designed for the CATIA V5 platform to complement our existing architecture and provide valuable model checks against data to be used in our PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design system," says Jim Day, CATIA Specialist at Black & Decker. "PrescientQA for CATIA V5 will help us enforce global standards and requirements, ensuring that we continue to provide the Black & Decker community with the high level of quality they expect." "The implementation of good design standards Design standards Specifications of materials, physical measurements, processes, performance of products, and characteristics of services rendered. Design standards may be established by individual manufacturers, trade associations, and national or and quality practices during an engineering project can save a company millions of dollars by the time a product goes to market," says Donald R. "Scotty" Walsh, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Avatech Solutions. "Our approach to developing the PrescientQA CATIA V5 product is based on our extensive work in deploying large-scale solutions at aerospace, automotive, consumer products and discrete manufacturers worldwide. Our quality enterprise solutions reflect an understanding of the real-world complexity of standards and practices that have enabled our customers to significantly reduce costs during the manufacturing process." Powerful-Interoperable-Flexible PrescientQA for CATIA V5 is built on the award-winning Prescient pre·scient adj. 1. Of or relating to prescience. 2. Possessing prescience. [French, from Old French, from Latin praesci 4.0 architecture and includes such capabilities as stamping results into the model, capturing quality metrics, supply chain control features, advanced reporting, and an extremely flexible and powerful standards configuration. PrescientQA allows maximum flexibility by enabling overlay onto existing processes, procedures, best modeling and design practices--so companies don't have to adapt their processes around the tool. A New Level of Quality Control Modeling practices that are incomplete, inaccurate or incomplete, typically account for 45% of change orders in an organization. PrescientQA Enterprise Solutions address these challenges and help companies to: -- Identify problems early in the design process, substantially reducing product development cycle time, rework and cost -- Ensure consistency and conformance to company's standards and best practices -- Enhance data interoperability throughout the manufacturing supply chain -- Support ISO 9000 and Six Sigma initiatives -- Ensure efficient, consistent and "clean" legacy design data -- Enable management high-level oversight of aggregate data quality, including distribution of quality, financial impact, and specific areas of concern Pricing and Availability PrescientQA Solutions for CATIA V5 are available immediately and provide customers with a complete quality assurance solution. Avatech offers individual modules and encourages customers to contact their account manager for specific pricing at (800) 979-2223 in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. or visit www.avatechsolutions.com for European distribution partners. About Avatech Solutions Avatech Solutions, Inc. (OTCBB: AVSO.OB) is a leading provider of design automation and quality assurance solutions for the manufacturing, building design, civil engineering and GIS markets. Headquartered in Owings Mills, Maryland Owings Mills is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 20,193 at the 2000 census. Owings Mills is home to the northern terminus for the Baltimore Metro Subway and to Owings Mills Mall. , the company specializes in software development, technical support, training and consulting aimed at improving design and documentation efficiencies and the seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of workflow processes. Avatech is one the largest integrators of Autodesk software worldwide and a leading provider of engineering document management solutions. The company is the developer of the award-winning PrescientQA(TM) quality assurance software and cycle time reduction products for the manufacturing supply chain. Avatech serves 20,000 clients worldwide including the industry leaders from Fortune 500 and Engineering News Record's Top 500 companies. Visit www.avatechsolutions.com for more information. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about the expectations, beliefs, plans, intentions and strategies of Avatech Solutions, Inc. There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. A description of risks and uncertainties attendant to Avatech and its industry, and other factors that could affect Avatech's financial results, are included in the Securities and Exchange Commission filings of PlanetCAD, Inc., which merged with Avatech on November 19, 2002 including, but not limited to, PlanetCAD's annual report on Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. for the year ended December 31, 2001, its quarterly reports on form 10-Q Form 10-Q See 10-Q. for the fiscal quarters ended March 31, June 30, and September 30, 2002, and the proxy statement/prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the merger of Avatech and PlanetCAD. Interested persons may obtain a free copy of these documents at the SEC's web site at www.sec.gov, or by contacting Gary Rever at Tel: (410) 902-6900 or email investors@avat.com. PrescientQA is a registered trademark of Avatech Solutions, Inc. CATIA is a registered trademark of 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. . All other brand names, product names, or trademarks belong to their respective holders. |
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