Avatech Solutions Unveils Quality Assurance Software For Customers Using Autodesk Inventor.Business Editors LAS VEGAS--(BUSINESS WIRE)--Dec. 3, 2002 Proof Positive(TM) Allows Digital Designers and Manufacturers to Maximize Engineering Efficiency and Minimize Design Errors 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, civil engineering and GIS market, today introduced Proof Positive - a quality assurance software product designed for customers of Autodesk Inventor Autodesk Inventor is the 3D parametric solid modeling package produced by U.S.-based software company Autodesk. It competes with other CAD systems such as SolidWorks, Pro/ENGINEER, and Solid Edge. (R) mechanical design software. Building on top of Autodesk Inventor's current capabilities, Proof Positive detects, assesses, corrects, and prevents product development problems caused by inaccurate, incomplete or inconsistent modeling practices. The software gives digital designers and manufacturing companies using Autodesk Inventor additional tools to identify problems early in the design process, reducing production cycle times and costly design errors. Proof Positive is an Autodesk Inventor 5 and 6 certified application. "Proof Positive represents the first product in our software development line that is tailored to work on an Autodesk platform, the initial result of our merger with PlanetCAD," says Jim Hindman, Chairman of the Board of Avatech Solutions. "With our new software development center, we are committed to working on creating new value-added solutions for our customers that will help increase productivity and solve some of the industry's most urgent and costly design problems." With 70 percent of a product's total cost embedded Inserted into. See embedded system. before manufacturing and delivery, the greatest impact on product cost (and innovation) is made during the design phase, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry analyst Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . On average, 45 percent of engineering change orders are the result of design errors that contribute to increased product development cycle time, rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. and higher costs. A New Level of Quality Control for Autodesk Inventor Proof Positive is a direct descendant of PrescientQA, which was previously only available for 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), Pro/Engineer(R) and Unigraphics(R) systems and now available for Autodesk Inventor software. Now, Autodesk Inventor users can benefit from the same quality assurance software that's been correcting errors, minimizing engineering change orders and revolutionizing quality assurance processes at several of the world's largest aircraft and automobile manufacturers for years. "With Proof Positive, Avatech has built a solid quality checking product that is in line with our strategy to partner with developers to extend the value of Autodesk Inventor software. They are an important partner for us," said Robert Kross, vice president of the Manufacturing Division at Autodesk. With powerful reporting and quality metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. , Proof Positive provides management teams insight into each design project as well as an overall picture of the engineering process, allowing them to make informed decisions about resources, training and corrective measures. Companies can distribute effective and consistent modeling techniques across the organization, ensuring high-quality designs, which increases customer confidence and improves responsiveness to customer needs. Key features and benefits of Proof Positive -- Identifies problems early in the design process, substantially reducing product development cycle time, rework and cost -- Ensures the re-usability of Autodesk Inventor models by other projects and people -- Promotes consistency, best practices and continuous learning -- Incorporates the requirements of downstream users -- Allows for incoming models from suppliers and contractors to be checked to verify quality Pricing and Availability Proof Positive is available now. Standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. single user licenses are priced at US $995 Floating network licenses typically supporting up to five users are priced at US $3895. For More Information For specific details about Proof Positive, to download a brochure and screenshots or logos, or to view a 10-minute streaming eDemo, visit, www.avat.com/web/proofpositive. For information about Avatech's products and services, call 800/706-1000 or go to www.avatechsolutions.com. About Avatech Solutions Avatech Solutions, Inc. 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 1000 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. Investors and shareholders 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. Proof Positive is a registered trademark of Avatech Solutions. All other trademarks are the property of their respective companies. |
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