Geometric Makes Equity Investment in Anark Corporation

Geometric Limited a leader in Product Lifecycle Management (PLM), Global Engineering Services and Intellectual property led solutions, and Anark Corporation, a leading provider of automated 3D CAD visualization solutions, today announced the expansion of their strategic partnership with an equity investment by Geometric's wholly owned subsidiary, Geometric Americas, Inc. The agreement will further extend the companies' capabilities to deliver a world class Model Based Enterprise (MBE) authoring and publishing solution, Anark Core MBEWeb, which is powered by Geometric's Glovius®, an easy to use and customizable viewer application that enables downstream users to view high fidelity 3D data from anywhere, anytime.

The companies plan to expand their global sales and marketing collaboration and jointly target enterprise manufacturers within the aerospace, defense, automotive and industrial sectors. This will be achieved through development of a joint product roadmap that will focus on market needs and deliver a highly effective and cost efficient solution for publishing and consumption of 3D documents by users in manufacturing, inspection, and purchasing.

"This new phase of our strategic partnership with Geometric is a key supporting component of Anark's long term growth strategy, as well as its vision of driving customer value via highly effective and cost efficient Model Based Enterprise solutions", said Stephen Collins President and CEO of Anark Corporation. "The response by Geometric and Anark customers to MBEWeb has been resoundingly positive, and this extension of our technology collaboration with Geometric will provide us with greater resources and a strong channel and integration partner, who shares our commitment to empowering the Model Based Enterprise."

"We are seeing an increasing need within our customer base for consumption of 3D product data by non-engineering departments, and introduced a multi-platform and extensible visualization solution, Glovius to address it. Our investment in Anark towards our joint solution for MBE will help us address this growing market more effectively", said Manu Parpia, CEO of Geometric Limited. "We work closely with engineering teams of global manufacturers providing them with PLM and engineering solutions. The addition of this capability allows the downstream users in our customer organizations to access 3d data with ease".