Daratech Forecasts think3 As PDM Revenue Growth Leader For 2004

CINCINNATI, July 22 /PRNewswire/ -- think3, Inc., the leading supplier of product development solutions to mid-sized manufacturers worldwide, is expected to lead its industry in revenue growth by a wide margin, according to a new study by one of the top research firms in the field. In a report released July 8, 2004, Daratech projects the product data management (PDM) market will grow 15 percent by 2008, but think3's expected 60 percent revenue growth in 2004 with its thinkteam product ranked above several other PDM providers, including Dassault's ENOVIA and SMARTEAM, MatrixOne's Matrix platform and CoCreate's OneSpace.

Daratech believes that vendors emphasizing the ability of PDM tools to reduce risk, cost, schedule, rework and product failures will play a key role in the market's future. PDM users, specifically small and medium sized businesses, are currently looking for short-term returns and less expensive implementations causing providers to create "lighter" versions of their traditional PDM systems.

"Rather than just scaling down a more expensive and cumbersome product, think3 creates solutions to specifically meet the needs of SMB organizations," said Dan Meyer, Vice President of Worldwide Marketing at think3. "Our thinkteam(R) product provides customers with better data management and collaboration capabilities but without the hefty expense and lengthy installation of traditional PDM, helping to break down barriers to product lifecycle management (PLM) adoption."

thinkteam(R) is think3's ready-to-use PDM system, which provides a "CAD neutral" platform for successfully implementing a PLM solution to manage product information regardless of the authoring system used to produce it, should it be AutoCAD, PRO/Engineer, MS Office or thinkdesign.

thinkteam(R) reduces time and cost from the product development process, freeing engineers to focus on what they do best -- design new products. think3's premiere product provides the right foundation for an integrated product development environment and delivers a powerful platform for product innovations, enabling companies to bring better products to market faster.

About think3, Inc.

think3 is a leading supplier of product development solutions to mid-sized manufacturers worldwide and the fastest-growing company in the product lifecycle management industry. The company enables more than 5,000 manufacturers to achieve dramatic gains in competitiveness and profitability by optimizing their product development process. think3's best-of-class products, services and unique business delivery model lower manufacturers' risks and remove barriers to successful implementation. With headquarters in Cincinnati and offices throughout Europe, Asia and North America, the privately held company has been leading innovation for more than 20 years. For more information, visit http://www.think3.com/ .

CONTACT: Ann Willey of think3, +1-513-263-6779, Email Contact

Web site: http://www.think3.com/




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