ImpactXoft Wins IndustryWeek Technology of the Year Award

IX SPeeD Suite software is selected for its innovative product modeling and advanced Internet collaboration

SAN JOSE, California - December 5, 2001 - IX SPeeD Suite, software for Simultaneous Product Development from ImpactXoft Corp., has received a 2001 Technology of the Year Award from IndustryWeek magazine. The award is part of the Ninth Annual Technology and Innovation Awards program at that magazine. From reader nominations that span the fields of science and engineering, a panel of editors selects winners that have the greatest potential for being watershed events in the commercial application of technology. Five winners were selected for 2001.

John Teresko, senior technology editor at IndustryWeek, says many nominations describe new software solutions for product development. "Each year we review dozens of innovative new technologies to find those most likely to advance, even reinvent the business of designing, developing, and manufacturing exciting products. IX SPeeD Suite from ImpactXoft proposes a real change in the way product developers collaborate over the Internet, and it promises to close gaps in engineering productivity that have been standing open for a long time. The company's software for simultaneous product development offers global enterprises a significant opportunity to gain a competitive edge."

IX SPeeD is based on three underlying technologies. IX Functional Modeling? emphasizes the functions and behaviors of interacting model elements, eliminating the need for engineers to focus on the creation of lower-level modeling geometry. IX Functional Object Representation? captures the full intelligence of the model as a "design recipe" that can be shared over low-speed Internet connections. IX Design Intent Merge? automatically coordinates design modifications and blends them into the model stored on each project member's workstation.

The interlocking technologies in IX SPeeD serve as a foundation for Simultaneous Product Development (SPD), a method of collaboration in which members of worldwide development teams co-develop products in parallel to dramatically reduce time to market. IX SPeeD combines next-generation 3D modeling for mechanical design with advanced tools for design collaboration.

"This has been an exciting and rewarding year for our company," says Attilio Rimoldi, president and CEO of ImpactXoft. "We are honored to be selected for this prestigious award from IndustryWeek, which recognizes the potential of our software to transform the way engineering organizations approach global product development."

IX SPeeD also received the Editors' Choice Award from CADENCE magazine and the 2001 Innovation Award from Computer Graphics World.

About ImpactXoft Corp.

ImpactXoft Corp., a private, venture-funded company, was officially founded in June 1999, after earlier development by founders Attilio Rimoldi and Martin Welch. The IX SPeeD? Suite, based on a modern architecture designed for the Internet, enables globally dispersed team members to create, evaluate, and change product definitions both asynchronously and synchronously. The practice of Simultaneous Product Development (SPD) encompasses manufacturers, supply chains, strategic partnerships, virtual corporations, and other forms of the extended enterprise in all stages of the product lifecycle.

www.impactxoft.com 

 

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