netGuru Inc. in Software Agreement with ADAPT Corporation; For Seamless Integration of Structural Concrete Design Software
June 07 2005 - 7:30AM
Business Wire
netGuru, Inc. (Company) (Nasdaq:NGRU) entered an agreement with
ADAPT Corporation to integrate netGuru's STAAD.Pro structural
engineering software with ADAPT's Floor Pro software for analyzing
and designing concrete slabs and other structural components.
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.
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