REI Partners with Finnish Company Introducing Breakthrough End-to-End Engineering Lifecycle Technology.Business Editors/High-Tech Writers YORBA LINDA Yorba Linda (yôr`bə lĭn`də), city (1990 pop. 52,422), Orange co., S Calif., in a region of citrus fruit; inc. 1967. The city has grown tremendously along with the southern California area; its population increased fivefold between , Calif.--(BUSINESS WIRE)--Jan. 16, 2003 REI's Leading Structural Analysis Tool STAAD.Pro along with Tekla's Xsteel 3D Modeling Play a Critical Role in the New Xengineer Concept Research Engineers International (REI), a division of netGuru Inc. (Nasdaq:NGRU), providers of world-class engineering software for structural design and analysis, along with Tekla Corp. (Tekla), a Finland-based company, announced the integration of STAAD.Pro with Xengineer, the first integrated workspace for engineers from conception to drafting. The integration of STAAD.Pro with Xengineer will provide for an end-to-end comprehensive engineering solution. REI and Tekla have mutually executed an agreement to develop the interface and seamlessly integrate STAAD.Pro into Xengineer. The scheduled release target is set for the first half of 2003, but the product will officially be revealed to the public in April at the NASCC NASCC North American Steel Construction Conference NASCC National Association of Service & Conservation Corps NASCC Naval Air Station Corpus Christi NASCC National Air Survey Center Corp. NASCC North American Sports Car Championship (North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Steel Construction Conference) in Baltimore. Xengineer integrated with STAAD.Pro and Xsteel, a full fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and detailing application from Tekla, will provide the worldwide structural engineering community with a single environment that encompasses all engineering processes including object-based modeling (walls, beams, joists, etc.), analysis and design, production drawings and detailing for steel, concrete and timber. Xengineer will offer engineers a seamless workflow creating cost and time efficiencies in the engineering project lifecycle by consolidating current fragmented engineering processes and eliminating clumsy import/export mechanisms. REI will be compensated $510,000 for the integration work. REI has developed a revolutionary open architecture, OpenSTAAD, that is designed to act as the underlying communication protocol between STAAD.Pro, REI's flagship structural analysis and design product, and third-party platforms such as the Tekla modeler, a 3D object-based modeling component of Xengineer. Further, Tekla will retain rights for the interface developed by REI to STAAD.Pro modules and REI will receive a perpetual royalty fee on every Xengineer license integrated with STAAD.Pro sold by Tekla. REI will be a reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. of the new integrated Xengineer software in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico and India. Both companies are global leaders in their respective niches within the vertical structural software market including modeling, analysis and production design. Commenting on the development, Amrit Das, chairman & 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. of netGuru said: "We are delighted to launch into an entirely new engineering market for netGuru. This new product will specifically address the 3D design and detailing of steel and concrete buildings whereas STAAD.Pro will continue to be represented as the leading general purpose structural analysis software. "These new market segments will augment the sales of our existing engineering products while simultaneously promoting STAAD.Pro as a staple analysis product. REI continues to innovate modern engineering processes by providing what we believe is the best structural design and analysis software in the market today. Our software has been a critical component of most structural engineering projects for the past 21 years. The introduction of Xengineer now addresses the entire engineering process rather than just one component. "Xengineer will do for engineering processes what ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. (Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. ) has done for business processes. We are pleased to partner with Tekla, the providers of Xsteel, the leading detailing and fabrication software in the world. We believe that joining forces will ensure our leadership position in the global structural engineering software markets for years to come." About REI Research Engineers International, a division of netGuru, is a leading worldwide developer and distributor of high-quality desktop and Web-enabled software solutions for the structural, mechanical, piping and civil engineering industries. Founded in 1981, the division's core business is the development of cost-effective Windows-based solutions for structural engineers. REI has nearly 19,000 customers accounting for more than 47,000 software installations and 160,000 users worldwide. REI was the first structural software division in the world to attain ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certification for quality control. Visit REI's Web site at www.reiworld.com. About netGuru Inc. netGuru (netGuru or the company) is an integrated information technology (company) Integrated Information Technology - (IIT) A Santa Clara based company producing a programmable, single chip H.261 and MPEG system. The chip contains a RISC processor, originally based on the MIPS architecture but now called RISCit, and a "Pixel Processor". and services company. netGuru's services and solutions consist of the following: -- Software products, services and solutions; -- Information technology services and solutions; and -- Internet telephony services. The company has offices in the United States, India, the United Kingdom, France, Germany and Singapore and distributors in 40 countries. The company currently licenses its software products to more than 19,000 businesses, with 47,000 installations and 160,000 users in more than 85 countries. About Tekla Tekla is the leading supplier of model-based operative software in the world. The company's software products that improve operative efficiency and competitiveness are used in energy sales and distribution, building and construction and the public sector. Tekla's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for 2001 amounted to 39.2 million euros, increasing by 48% compared with the previous year. International operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. accounted for 57% of net sales. At the moment Tekla Group employs approximately 470 persons, of whom nearly every fifth is outside Finland. Visit Tekla's Web site at www.tekla.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 With the exception of historical information, the matters discussed in this news release including, in particular, the acceptance of Xengineer in the worldwide structural engineering market are 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. that involve a number of risks and uncertainties. The actual future results of the company could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, the company's ability to continue revenue growth and technological innovation despite worldwide economic conditions, changes in governmental regulations and policies, the emergence of competitive products and services, unforeseen technical issues and those factors contained in the "Risk Factors" Section of the company's Form 10-KSB, as amended, for the fiscal year ended March 31, 2002. |
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