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APTEC Builds on Success with OneSpace.net

Project Team Collaboration Software Cuts Design Iterations by 50%

FORT COLLINS, Colo., and SINDELFINGEN, Germany - March 1, 2004 - CoCreate Software, Inc., a leading provider of collaborative product development software, announced today that APTEC, an award-winning, Daytona, Fla.-based product development company, has placed an order for 50 seats of CoCreate's OneSpace.net collaboration software. APTEC also reports that between 50% and 60% fewer design iterations are required when using project team collaboration software.

APTEC offers its clients a complete high-tech product design/engineering solution. The company is a performance resource for a variety of fast-growth industries, from automakers to manufacturers of consumer electronics. Among APTEC clients are auto manufacturer Daimler-Chrysler; consumer electronics and appliance manufacturer Electrolux; and Teleflex, an OEM specializing in marine equipment.

A long-time CoCreate client with an eye for disruptive technology, APTEC was an early adopter of CoCreate's OneSpace.net collaboration toolset. Building on its initial success with OneSpace.net, APTEC now has ordered additional licenses to meet increasing business demands.

"APTEC's expertise lies in enabling our customers to rapidly deliver ideas to market with fewer resources than ever. We seek out technologies that help us do so," said Jeff Badovick, APTEC president and CEO. "When our business needs mandated an expanded solution for product development, CoCreate's OneSpace.net was the only one we seriously considered. We didn't have time or patience to wrestle with a solution that required extensive deployment, training, and consulting. We wanted immediate return on our investment, and OneSpace.net gave us everything we needed right away."

And because OneSpace.net is Microsofta.NET certified, noted Badovick, APTEC knew that it would work seamlessly in their environment. "We installed it, deployed it, and instantly started collaborating and sharing with our customers," he said. "Nothing else in the market can even compare to it."

"The benefit to our customers is a dramatic reduction in the number of design iterations required to bring a product to market," continued Badovick. "With OneSpace.net, we require 50% to 60% fewer iterations on a typical OEM project. This not only saves cost, but also saves precious time."

"We're honored that this innovative company with a reputation for excellence has chosen to expand their commitment to OneSpace.net. We look forward to continuing what has been a long and productive relationship," said Steve Brown, VP of US Operations for CoCreate. "OneSpace.net was designed to help small- to medium-sized companies such as APTEC successfully implement forward-looking ideas in the real world."

OneSpace.net is an engineering collaboration toolset designed specifically for product development teams and their contributors. It includes a secure project workspace, an integrated meeting center for web-based meetings, application sharing, instant messaging, decision and task tracking, and a 3D model explorer for evaluating product designs.

OneSpace.net can be purchased as either a hosted service for $120 per user per month, or as a licensed product for $995 per user. Built on Microsofta.NET technology, OneSpace.net is designed for small- and medium-size businesses and workgroups.

About CoCreate

CoCreate produces CAD and collaboration software to help companies design products, share ideas, and manage data. Our OneSpace Designer CAD products include 2D drafting, 3D modeling, and data management tools. Our OneSpace.net products provide a complete engineering collaboration toolset for conveniently, effectively working on and sharing design-related data and team project information with the entire product development team.

CoCreate products foster innovation and communication across the extended development team, empowering people with various interests, skills, and talents to join together to explore ideas and make more rapid and better decisions.

www.cocreate.com

 

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