Another One Bites the Dust: think3 Declares Bankruptcy

Thank you again for your confidence as we work towards introduction think3′s new revitalized. I promise you that your patience will be rewarded.

Bien cordialement
Scott Brighton
CEO, Versata

It’s May 2, 2011 and I have not heard anything further about this so-called “important session,” and don’t expect to.

For quite some time previous to its ultimate demise, and in the end, on many levels, it seems that think3 didn’t really think it through, and that’s still evident today with being brought into the Versata fold.

So, another MCAD player rides into the sunset – once again leaving its user base looking for viable alternatives. Too bad, really, but inevitable given the course that think3 had chosen. Although the technology was always good, it was management that lacked vision and funding that ultimately submarined the company.

 

The Week’s Top 5

At MCADCafé we track many things, including the stories that have attracted the most interest from our subscribers. Below are the five news items that were the most viewed during last week.


Extensible CAD Joins Aras Partner Program; Integrates InspectionXpert with Aras PLM
Aras announced that Extensible CAD Technologies, creator of automated quality control and inspection solutions, has joined the Aras Partner Program. Through the partnership, Extensible CAD will enable Aras users to automatically extract detailed characteristics and data from leading CAD applications, including SolidWorks, CATIA, AutoCAD, Pro/ENGINEER and Solid Edge, directly into Aras PLM Quality Control Plans, saving time, increasing accuracy, and improving APQP and related compliance efforts. Since 2004, Extensible CAD Technologies has focused on the needs of CAD and PLM users by developing integrated software solutions and productivity enhancement tools designed to eliminate manual processes. The Company’s flagship product, InspectionXpert, eliminates the manual ballooning of inspection drawings and automates the creation of inspection sheets for first article and in-process inspections, including AS9102 and PPAP forms.

Autodesk Software Aids Quest to Harness Energy from the Sea
IT Power, an energy consultancy headquartered in the UK, is using 3D design software from Autodesk to develop innovative renewable energy devices for harnessing wave and tidal power. The Pulse Tidal device uses oscillating horizontal hydrofoils in place of more traditional rotating blades to generate renewable energy. This approach offers many advantages over existing tidal stream technology by maximizing the area that can be swept — and hence the power captured — in a given depth of water. This makes the technology particularly suited to shallow tidal flows, while requiring smaller support structures and lower installation costs than many competing systems. The Autodesk Clean Tech Partner Program — which provides software for emerging clean tech companies in North America and Europe — enabled IT Power’s Marine Group to use Digital Prototyping technology to accelerate design of the mechanical and structural elements of its energy capture systems. IT Power used Autodesk Inventor software to simulate the Pulse Tidal device’s transmission mechanism. Placing load data for the hydrofoils into a 3D model in Inventor and running a simulation enables the team to rapidly optimize the design of the mechanism and verify mathematical models of the system. Using Inventor has helped IT Power speed the development of a preproduction 1.2-megawatt prototype of the Pulse Tidal energy device. IT Power is also using Inventor to assist the mechanical and structural designs of the OWEL device.

Luxology Ships modo for SolidWorks Kit
For years, SolidWorks users have been achieving stunning photorealistic images of their designs by leveraging the PhotoView 360 application, built with Luxology rendering technology. Luxology announced a new tool that facilitates the use of the company's modo software for advanced visualization by SolidWorks users. The new modo for SolidWorks Kit simplifies the import of SolidWorks models into modo while maintaining user interface conventions familiar to SolidWorks users. The modo for SolidWorks Kit expands modo's native functionality with additional options for efficiently importing parts and assemblies while providing flexibility on how the model is organized for visualization purposes. Inside modo, users are presented with a familiar SolidWorks-style layout and navigation controls, along with drag and drop support for changing materials and selecting lighting environments.


Alibre-Designed WIKISPEED 100 MPG Ultra-Efficient Car to be Top Exhibit at Boeing’s Future of Flight Earth Day Event
WIKISPEED, the Seattle-based team developing ultra-efficient road vehicles, announced that the company will publicly demonstrate the Alibre-designed SGT01, a vehicle that can deliver more than 100 miles per gallon, at the Earth Day celebration at Future of Flight Aviation Center & Boeing Tour ( www.futureofflight.org), took place on April 22, 2011. The SGT01 was designed with 3D software from Alibre. The WIKISPEED SGT01, an ultra-light, four-passenger car that is configurable with different seating and body styles, shares its approach to fuel efficiency, modular engineering and composite carbon fiber exterior construction with Boeing’s own innovative, next-generation aircraft, the 787 Dreamliner. WIKISPEED’s SGT01 placed in the top ten in its vehicle class in the 2010 Progressive Auto X Prize, a global competition to build cars that achieved at least 100 MPGe in real-world driving. The SGT01 runs on regular gasoline, meets all road-safety regulations based on lab simulations, and is uniquely modular in design – delivering fully interchangeable parts and body panels including the drive train, suspension, safety structures and interior seating. The design is so flexible that even the engine can be switched from gasoline to electric in 30 minutes, and owners can also quickly switch its lightweight body from a sedan or coupe to a pick-up/SUV or even a convertible.

Striker Systems Introduces PARTshare Nesting Interface for Solid Edge
Striker Systems, a developer of sheet metal CAD/CAM and nesting software released PARTshare for Solid Edge, a Solid Edge add-in that allows Solid Edge to share sheet metal manufacturing data with the Striker Systems nesting software. From the Solid Edge environment an individual part or entire assembly is extracted. Sheet Metal parts are automatically unfolded as necessary and placed into the Striker Systems PARTshare nesting library. Critical manufacturing data including part number, revision level, routing information, and material properties are transferred with each part. Bend information is maintained to facilitate bend line marking during CNC punching or cutting operations. Production nests can then be created interactively or automatically from any networked computer running STRIKER nesting software. The PARTshare process minimizes data handling and reduces the risk of manufacturing error.


Jeffrey Rowe is the editor of
MCADCafé and MCAD Weekly Review. He can be reached at Email Contact or 719.221.1867.

     

This Week

Lead Story

think3 Declares Bankruptcy

 

Product and Company News

Dassault Systèmes Acquires Enginuity PLM to Accelerate Innovation for Formulated Products 

Skycar Manufacturer Moller International Announces Scheduled Test Flight 

CCE Broadens its PLM Portfolio to Include Aras 

Vero supports innovative hybrid tooling K'Tecsystem at Kummer GmbH 

TransMagic Ships R8 sp5 with Enhanced Support for CATIA V5 Metadata 

Dassault Systèmes Reports Record First Quarter Earnings and Reconfirms 2011 Financial Growth Objectives 

Z Corp 3D Printer Helps Company Quickly and Affordably Move New Shoe Styles to Market 

Dassault Systèmes and Ford Earn PACE Innovation Partnership Award for New Powertrain Development Process 

Autodesk Developer Network Launches New Applications for Autodesk Inventor 2012  

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Reviews:
Review Article
  • Nainar May 05, 2011
    Reviewed by 'nainar Arumuga'
    Jeff,
    While your articles covers chronology of events happened in the last decade or so about Think3, the focus is more on not touching anything controversial.Think3 did make more than the $15 million your quoting, but being a private company never declared it. 2009 had been a tough year and the company did go through tough times, but there existed a customer base, some of them actually software product companies. The reason Think3 went bankrupt is not because they did not have assets, but the assets were transferred to another company in dubious ways which is why the Courts of Italy have taken cognisance and reversed the decisions. The truth behind the bankruptcy will come out in the open soon. Most of the mainstream media and social media have stayed away from finding what happened, for the fear of repercussions till one blogger stood up to present the story and provided a platform for Think3 customers also to express their views unitedly. MCADCafe should provide such forums but unfortunately that was not the case but this article providing one side of the story.

      2 of 3 found this review helpful.
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