IX SPeeD Suite from ImpactXoft Receives Editors' Choice Award from CADENCE

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 16, 2001--IX SPeeD Suite(TM) from ImpactXoft Corp. has been selected as a winner of the December 2001 Editors' Choice Award by CADENCE magazine. The software combines next-generation digital modeling for mechanical design with advanced tools for global design collaboration. The interlocking technologies in IX SPeeD serve as a foundation for Simultaneous Product Development (SPD), a method of collaboration in which members of worldwide development teams co-develop products in parallel to achieve dramatically reduced time to market.

"Overly complex design tools and huge digital modeling files have been daunting roadblocks to collaborative design over the Internet," says Arnie Williams, editor in chief of CADENCE magazine. "ImpactXoft's IX SPeeD Suite combines a unique, history-independent modeling technology with a reinvented approach to collaboration that promises vast improvement in the way products are developed."

IX SPeeD is based on three underlying technologies. IX Functional Modeling(TM) emphasizes the functions and behaviors of interacting model elements, eliminating the need for engineers to focus on the creation of lower-level modeling geometry. IX Functional Object Representation(TM) captures the full intelligence of the model as a "design recipe" that can be shared over low-speed connections. IX Design Intent Merge(TM) automatically coordinates design modifications and blends them into the model stored on each project member's workstation.

"We are honored to receive this award from CADENCE recognizing the advanced capabilities of our software," says Attilio Rimoldi, president and CEO of ImpactXoft. "IX SPeeD continues to make an impact with its ease of use and rapid communication of design data."

Two times yearly, CADENCE staff editors, contributing editors, and reviewers select the Editors' Choice Awards to honor the CAD-related products and services that have done the most to raise the bar on excellence and technology innovation.

About ImpactXoft Corp.

ImpactXoft Corp., a private, venture-funded company, was officially founded in June 1999, after earlier development by founders Attilio Rimoldi and Martin Welch. Its current focus is on expanding its web-centric collaborative modeling software based on a modern architecture designed for the Internet. The IX SPeeD Suite(TM) application enables globally dispersed team members to create, evaluate, and change product definitions both asynchronously and synchronously. The practice of Simultaneous Product Development (SPD) encompasses manufacturers, supply chains, strategic partnerships, virtual corporations, and other forms of the extended enterprise in all stages of the product lifecycle. www.impactxoft.com.


Contact:
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     Miles Parker
     (401) 272-1510
     
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      or
     ImpactXoft contact:
     Carol Montalvo
     (408) 360-7700 x609
     
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