Framework Technologies Has Most Successful Quarter In Company History; Q3 2003 Revenues Up 45% Compared To Q3 2002
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Framework Technologies Has Most Successful Quarter In Company History; Q3 2003 Revenues Up 45% Compared To Q3 2002

BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 5, 2003--Framework Technologies, a leader in project execution decision support software, today announced that its third fiscal quarter of 2003, ending on June 30, 2003, demonstrated a record revenue increase of over 45% as compared to the same period last year.

Framework's record revenue growth was balanced across both AEC and manufacturing industries with particular strength among educational facilities and automotive, consumer products and pharmaceutical companies. The company saw sales to new customers double in the quarter along with significant adoption of its new product modules with existing customers.

"It is gratifying to see our expanded product portfolio validated in such a significant way by the marketplace," said president and CEO Donald Tomkinson. "The expanded product capabilities are attracting strong interest from new customers and also provides existing customers with a more complete solution. Our Q3 results demonstrate that we can thrive in a difficult environment by listening to our customers and delivering the right solution." In the third quarter Framework launched a new and enhanced version of its ActiveAEC(TM) and ActiveProduct(TM) solutions. The new release accelerates initial project selection efforts and assures the alignment of the project portfolio with key business objectives at the enterprise level. Version 10 includes three new modules-- ActiveCharter(TM), ActiveResource(TM) and Portfolio Planning(TM) -- that address challenges surrounding strategic planning and project selection, thereby increasing cost savings and accelerating commencement of the right projects.

Framework also announced that Strategic Environment Advisors (S.E.A.) and Project Website Services, Inc. have integrated Framework's technology as part of their offerings following partnership agreements with the company. Under the terms of the partnerships, each company is using the ActiveAEC project execution decision support solution as the core technology for the delivery of their respective AEC services. The ActiveAEC suite helps firms select the right projects and execute those projects flawlessly enabling lower costs and faster completion. Through these partnerships, Framework offers ActiveAEC benefits to firms with limited capacity to employ a technology-based solution. About Framework Technologies

Framework Technologies provides decision support software for manufacturing, architecture, engineering and construction (AEC) markets. Framework's offering is a powerful solution that allows manufacturers, such as BorgWarner, Bristol Meyers Squibb, Emerson Motors, Moen and Timex Corporation, and AEC companies, such as Burns & McDonnell, KeySpan Services, MACTEC and Modern Continental, to successfully select the right projects and execute those projects right. For further details please visit

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