Privately held ADAPT is the world leader in design software for reinforced and post-tensioned concrete floor systems, beam frames, and mat foundations. ADAPT software is used by more than 3,500 customers worldwide and has been utilized in the construction of a number of notable structures, including the exhibition hall at Moscone Center in San Francisco, the Aswan Cable Stayed bridge in Egypt, the new international airport in Brussels, and other large buildings and bridges.
STAAD.Pro's structural design capabilities will be integrated with the specialized concrete design capabilities of ADAPT-Floor Pro to enable engineers to automatically design concrete floors and other concrete components into the overall structural requirements engineered by STAAD.Pro. This seamless capability would be a major breakthrough for engineers, since the current process requires manual transfers of data between STAAD.Pro and ADAPT software to accomplish those typically separate design functions.
netGuru's REI division will hold the exclusive right to sell the newly integrated software, and REI will also sell ADAPT's current line of software in several markets around the world. ADAPT and REI will also co-develop selected international design codes not currently included in ADAPT software.
Dr. Bijan Aalami, ADAPT founder and chief executive officer, remarked: "Over the years we have provided full-service software, support and consulting services for some of the largest and successful designers and contractors, such as Walter P. Moore, Carter & Burgess, Freyssinet, Parsons Brinkerhoff, and government-level infrastructure agencies, such as the departments of transportation for California, Florida, and Texas. The planned integration of the capabilities of netGuru's STAAD.Pro structural engineering software with the capabilities of our Floor Pro software will add significant value to our present and future customers, who will have a chance to see the finished product at netGuru's rei2005 Conference in Las Vegas on July 22 and 23."
netGuru Chairman and Chief Executive Amrit Das commented: "We are pleased with this opportunity to further enhance STAAD.Pro with new concrete design capabilities in partnership with the leader in that field. In addition, ADAPT's capability to perform 'local' analysis and design of the floor, with or without post-tensioning, complements STAAD.Pro's existing concrete design features, which lack that particular function."
"As a result, STAAD.Pro in its newly integrated form is expected to be particularly beneficial for designing multi-story commercial buildings, parking structures and high rise structures," Das continued. "Those segments of the construction market are undergoing tremendous growth especially in Southeast Asia, China, South America, and India, regions where concrete is more popular than steel as a building material due to the availability of cheaper labor and the rising cost of steel. Based on increasing activity in the construction markets and continuing strong demand for general structural and concrete engineering software, we expect to see positive effects on revenues in future periods."
About ADAPT Corporation
ADAPT Corporation is a leading provider of concrete design software and specialty engineering services. For more than 20 years, engineers in over 75 countries have relied on ADAPT analysis and design software to design concrete floor systems (one- and two-way), mat foundations, beam frames, and segmentally constructed bridges with or without post-tensioning. ADAPT's flagship products include ADAPT-PT, ADAPT-RC, ADAPT-Floor Pro, ADAPT-MAT and ADAPT-ABI. These programs cover a wide spectrum of applications and analysis methods, including the Equivalent Frame and 3D Finite Element Methods. All of ADAPT's products are backed by unparalleled product and engineering support services. For more information please visit www.adaptsoft.com.
About netGuru, Inc.
netGuru is an engineering information technology and services company offering engineering and design collaboration software and solutions, and professional and technical services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 20,000 businesses in 85 countries. For more information please visit www.netguru.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical or factual information, other matters discussed in this press release, including the ability of the parties to perform under the agreement, market acceptance and use of the companies' integrated product, sales and marketing plans, ongoing product development, construction market conditions, demand for engineering software, and effects on future revenues are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, market conditions regionally and worldwide, demand for engineering services, the Company's ability to increase revenue and conduct marketing efforts while controlling costs and expenses, technological change, economic conditions, changes in governmental regulations and policies, competitive products and services, unforeseen technical issues, and other factors discussed in the "Risk Factors" Section of the Company's Form 10-KSB for the fiscal year ended March 31, 2004, as filed with the U.S. Securities and Exchange Commission.
netGuru, Inc. Bruce Nelson, 714-974-2500 x-215 Santanu Das, 714-974-2500 x-329 or Silverman Heller Associates Dan Matsui/Gene Heller, 310-208-2550