VENTURE INDUSTRIES SELECTS COCREATE'S ONESPACE SOLUTION SUITE.

Venture Industries, a global resource for plastics solutions in the automotive industry, has selected OneSpace Solution Suite from CoCreate Software Inc., integrated with MatrixOne product collaboration solutions, for its collaborative design and engineering processes.

Venture Industries, one of General Motors' top five suppliers, designs and manufactures molded parts for automotive interiors, exteriors and composites. The company has grown at a tremendous pace in recent years, largely through the acquisition of other companies, and as a result needed an enterprise-wide solution for integrating design, development and engineering processes across its many subsidiaries. The solution is designed to leverage the Web to extend product development processes that help shorten design cycles, reduce time-to-market and improve product quality.

"With a company like ours, it is mission-critical to operate as a single entity, while retaining the process efficiencies inherent, at a local level, within each subsidiary," said Charles Hunter, president, Venture Global Engineering. "CoCreate has provided a collaboration solution that is robust and flexible. It will enable us to integrate design processes regardless of where they originate, and to identify and capture potential problems before they can have a large impact on turnaround times or costs."

Key aspects of OneSpace Solution Suite that made it an ideal technology for Venture's needs include the ability to utilize the Internet for real-time, on-line collaboration. This enables engineers to collaborate even if they reside in different states or countries thus reducing travel cost and design time. OneSpace is also "CAD-neutral," so engineers can continue using the CAD systems they prefer, yet collaborate with colleagues that own different brands of CAD software limiting the interoperability issues that increase total design chain cost. Venture plans to use the combined capabilities of eMatrix and OneSpace to stage the design process based on the sign-off of key project managers. The combined usage of formal design reviews with "ad-hoc" problem solving sessions will greatly speed the time needed to get approvals from such entities as manufacturing, tooling and quality.

"The integration of CoCreate's OneSpace solution with MatrixOne's core product collaboration backbone, eMatrix, and application suite addresses key market requirements for the automotive plastics space, and elevates collaborative product development into a mainstream solution for the industry. By combining solutions from MatrixOne and CoCreate, Venture Industries gains access to an extended and unique portfolio of applications that addresses aspects of collaborative product development across the product life cycle. The result is that they can improve the way they bring automotive plastics into the market," said Sam Zawaideh, vice president of products and solutions at MatrixOne. "Furthermore, the integration of OneSpace with MatrixOne's backbone and application portfolio empowers Venture to fully leverage the power of collaborative product design with their extended design team, as well as with their partners and suppliers across many and heterogeneous CAD systems."

"CoCreate is excited at this opportunity to facilitate the continued growth and success of Venture Industries through our powerful software solutions," said Tilman Schad, president and CEO, CoCreate Software.

"CoCreate has a proven history of listening to our customers and designing tools that help them work more productively and efficiently," added Schad. "Winning new customers like Venture demonstrates that our approach provides a unique value in the design industry."

About CoCreate

Since its inception in 1984, CoCreate has provided collaborative product design solutions that allow companies worldwide to design better products faster.

CoCreate's OneSpace Solution Suite is an integrated component of an organization's Collaborative Product Commerce (CPC) infrastructure that complements existing data and process technologies. The OneSpace Solution Suite provides a powerful, collaborative product design environment that fosters innovation and communication across the extended development team. This environment empowers people with various interests and talents to join together to explore ideas, to make more rapid and better decisions, leading to superior products and faster time to market.

CoCreate can be found on the World Wide Web at http://www.cocreate.com/.

For more information, call 970/267-8067.