IronCAD's Joint Venture Partner CAXA Wins Major Chinese Information Industry Awards for 2005

IronCAD, sold in China under the brand name CAXASolid wins "most recommended" award in CAD/CAM category

ATLANTA, GA. March 4th, 2005 – IronCAD, a leading provider of 3D Design Productivity Solutions is proud to announce that IronCAD sold in China under the CAXA brand name, CAXASolid, was awarded the Chinese Information Industries most recommended CAD software award for 2005.  In the awards meeting held January 2005 by the Chinese Computer User Association , CAXASolid 2005 won the title of “most recommended CAD software in Chinese information industry in year 2005".   In attendance  were department heads from the information center of the China Industrial Ministry, the Chinese Computer User Association, technical heads from certain enterprises throughout Beijing, along with representatives of the IT product companies receiving awards.  Fifty eight companies from the original 389 candidates won awards in this meeting across all IT categories.

This award  is just one of many successes IronCAD and CAXA have experienced since the successful formation of their Joint Venture Company in April of 2004.  The merging of IronCAD's technology and International presence with CAXA's market leading presence in the China market is starting to pay dividends.  The established CAXA brand name was the perfect launching point for IronCAD in China since it is so well known by the companies that comprise the Chinese manufacturing industry.  Adding IronCAD to CAXA's own award winning product suite and their extensive service and consulting network has helped enhance CAXA's position as the leading provider of CAD/CAM/PLM solutions throughout China.

According to Dr. Yi Lei, Chairman and CEO of CAXA, “We feel very honored to receive such award from the Chinese information industry.  It lets us know that we are succeeding in our mission to develop a suite of PLM products that address the complete spectrum of product-lifecycle requirements, from early conceptual design, process planning, shop-floor management to post-sale services.  Our joint venture with IronCAD has enabled us to strengthen our product offering as well as enabling us to expand that mission Internationally.”

Dr. Tao-Yang Han, President of IronCAD LLC further states, “Receiving this award is a proud moment that further validates the original vision that was the driving force behind IronCAD's many innovations.  The combination of both IronCAD and CAXA's products and resources creates a formidable force in the CAD/CAM/PLM market, one that will garner many more awards in the future.”

About CAXA
Based in Beijing, China, CAXA is the market leader and largest Chinese provider of CAD/CAM/PLM solutions. For five consecutive years, CAXA has received the “Best-10 Awards” based on market surveys in the domestic software category. CAXA has more than 120,000 installations in China. CAXA has well established sales channels including 35 sales, training and service branches in the nation. More than 1,000 domestic colleges and universities have selected CAXA as their standard education and training software. For additional information, please visit www.caxa.com.

About IronCAD
Based in Atlanta, GA, IronCAD is a leading provider of 3D Design Productivity Solutions that deliver the highest levels of customer satisfaction and productivity. Solutions that can be used either standalone or as complimentary collaboration solutions of a broader PLM initiative. Its flagship product IronCAD has won many industry awards for its innovative technology and leads the industry in its ease of use and design productivity. IronCAD products are being used successfully by thousands of customers worldwide. For additional information, please contact IronCAD at 1-800-339-7304 or visit our website at www.ironcad.com