KollabNet

PRESS RELEASE

Contact:

www.kollabnet.com

+1 717-560-9580

Lancaster, PA. For immediate release. – KollabNet, Inc., a Lancaster, PA, provider of enterprise-level knowledge-capture software, and Maxoft, Inc., a Korea-based supplier of engineering software and services, have entered into an agreement for Maxoft to market and support KollabNet software in Korea.

“We are honored to be working with Maxoft, a company known for its technical strength and business integrity in Korea,” said Dr. Joel Orr, KollabNet’s VP of Business Development. “Maxoft’s founder and CEO, Sewoong Song, has been a visionary leader in this market for years. It is gratifying to have him recognize KollabNet’s potential, and to undertake representing us in his company’s markets.”

“I said ‘WOW!’ when I first saw KollabNet's knowledge capture software. It naturally fits into the engineer's working process and enables knowledge reuse without requiring extra work. KollabNet has the potential to help Korean manufacturers make major productivity and profitability improvements,” said Maxoft CEO Sewoong Song. "We are looking forward to working with this innovative firm.”

KollabNet helps manufacturers today face a wide spectrum of frightening challenges:

It’s hard to predict the cost or schedule impact of a design change. For KollabNet users, it’s easy.
“Why did we do that?” KollabNet captures design rationale, painlessly, so that you can always know why—and who, and when.
The cost of compliance with regulation is exorbitant. KollabNet makes compliance much easier.
Margins are eroding. KollabNet helps them be more profitable.
Competition is global. KollabNet levels the playing field, through collaborative tools.
Intellectual property theft is rampant. KollabNet keeps track of intellectual property.
Skilled workers are disappearing. KollabNet captures their skills, painlessly, and helps new workers learn.
Training costs are skyrocketing. KollabNet brings about knowledge transfer from experienced engineers to new engineers.
Product maintenance costs are getting out of hand. KollabNet’s contributions to design improvement can reduce maintenance costs.
New product generation is too expensive. KollabNet makes design re-use possible.

“We are looking forward to working with Maxoft to bring the benefits of KollabNet to Korean manufacturers,” said Orr.

ABOUT MAXOFT, INC.

Maxoft, Inc., a Korea-based company, offers Virtual Product Development (VPD) products to customers who wish to enhance their product-development process for timely product delivery with a high level of quality. The company offers and support applications utilizing network and server-based collaboration and conferencing software; consulting and integration services for design; analysis-oriented custom application development; and High Performance Computing (HPC) infrastructure deployment.

Since its founding, Maxoft has grown rapidly. Now serving many large manufacturers, including such firms as Hyundai Motor Company, Korea Institute of Machinery and Materials, and Hyundai Heavy Industries, Maxoft’s professionals help them apply state-of-the-art technology to their engineering and manufacturing challenges.

Maxoft has extensive expertise in VPD software and engineering consulting, and works closely with MSC.Software Korea—one of the largest mechanical CAE vendors in Korea—and its customers. More information is available from www.maxoft.co.kr or postmaster@maxoft.co.kr.

ABOUT KOLLABNET, INC.

KollabNet, Inc., is all about increasing manufacturer profitability. We produce enterprise-level software for design knowledge capture, requirements capture, impact analysis, and rationale capture. Working with leading large and mid-size manufacturers, KollabNet automates portions of their design engineering process never before addressed by software. For a demo and more information, please visit www.kollabnet.com, or call 717-560-9580.

Info: Pat Pirsoom, 717-560-9580.; pat.pirsoom@kollabnet.com

This press release can also be found at www.kollabnet.com/news/pr1-31-2005.htm .