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Spatial Inc. licences Metrocad's Reverse Engineering Technology
BOULDER, CO: October 19, 1999 - Spatial Inc. (AMEX: STY), the world's leading software developer of open, component 3D modeling technology and interoperability solutions, today announced that it has licensed the core reverse engineering software developed by Metrocad GmbH., and taken over the development expertise for that product. The Metrocad technology will enable further diversification and advancement for Spatial by providing leading-edge reverse engineering as part of the ACISr suite of 3D modeling tools, the de facto 3D solid modeling kernel for the CAD/CAM/CAE industries. David Prawel, Vice President of Business Development, Spatial Inc., commented, "Metrocad represents an important step forward for Spatial in its mission to ensure continuity throughout the manufacturing business process. A digital model of a part has become a principal requirement for large-scale manufacturing. If an existing part does not already have a digital description, it cannot be easily or economically manufactured, so reverse engineering using technology such as Metrocad becomes a vital part of the manufacturing supply chain." The Metrocad technology generates a 3D CAD model from an existing physical part by taking data from a CMM (Coordinate Measuring Machine), and measuring and analyzing the dense discrete point data to derive the model. This allows creation of accurate representations of the physical part within a CAD application, which can then be manipulated, improved and sent forward for mass manufacturing. Metrocad combines advanced technologies including complex spline functions, data reduction, scattered data and feature analysis. Metrocad GmbH is based in Saarbrucken, Germany. ACIS licensees are set to benefit from the advanced surfacing functionality and increased productivity gains offered by the Metrocad reverse engineering technology. The Metrocad technology will be offered as a separately priced Husk for the ACIS 3D Toolkit. Steve Hull, General Manager , Metrocad GmbH, said, "The licensing of the Metrocad technology and acquisition of the development expertise by Spatial Inc. represents an important step in achieving a much broader distribution of this unique technology. It also ensures that Metrocad will secure important technological advancements." About Spatial Inc. Spatial is a leading provider of revolutionary, internet-based interoperability services and 3D solid modeling software which set global standards for product engineers, designers, software developers, and manufacturing professionals. Spatial's 3Dmodelserver.com provides Web-based translation and healing of 3D solid models, enabling rapid sharing of 3D engineering data across design and manufacturing firms, and their clientele, regardless of their installed CAD systems. Spatial's ACISr 3D modeling kernel is the de facto 3D solid modeling standard which dominates the CAD/CAM/CAE market worldwide. ACIS has been adopted by more than 500 licensees and is the foundation of over 200 applications used by over 1.4 million engineers and designers worldwide. Spatial's IntraVISION(tm) interoperability solutions provide intuitive viewing, markup, measurement, and conversion of all major 2D and 3D product data across project teams, engineering organizations, and with business partners. The combination of products and services developed by Spatial allow licensees and users to capitalize on the improved integrity, advanced interoperability and rapid distribution of their design data, dramatically improving time-to-market and product development cycles across the entire organization. Statements made in this news release that are not historical facts may be forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. 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 Spatial Technology Inc. and its industry, and other factors which could affect the Company's financial results, are included in the Company's Securities and Exchange Commission filings, including but not limited to the Company's annual report on Form 10-KSB for the year ended December 31, 1998. ACIS is a registered trademark of Spatial Technology Inc. SAT, Spatial Technology Inc., and IntraVISION are trademarks of Spatial Technology Inc. All other products are trademarks of their respective owners. |