INCAT Announces Acquisition of Cadpo

Strengthens INCAT proprietary technology portfolio and places INCAT at the forefront of training mechanical engineers

LONDON and DETROIT, June 24 -- INCAT International plc, a provider of software solutions and associated services to automotive, aerospace and industrial manufacturers announced today the acquisition of CAD Potential, Inc. (Cadpo), a Denver, Colorado-based provider of engineering knowledge technology products and services, including the only learning management system (LMS) in the industry -- "i.get.it(R)" -- that supports multiple PLM software applications.

"This brings to INCAT the most advanced learning management system in the world for training mechanical engineers," said INCAT CEO Ulrich Herter. "And it is exactly what the industry needs at this time -- a method to deliver consistent, effective engineering-related knowledge transfer. We have placed INCAT at the forefront in revolutionizing how engineers are trained and certified."

Cadpo, using its proprietary LMS i.get.it, has partnered with The Society of Automotive Engineers (SAE) to develop the SAE Automotive CAD Certification program -- the industry's only international program that sets the standard for developing and measuring automotive CAD skills globally. Applying i.get.it online learning and classroom training, the program includes testing and formal certifications. Certification is offered in the use of UGNX(R) and CATIA(R) CAD software for automotive design.

In addition, INCAT acquires Cadpo's consulting-based services branded "Ready5," that deploys a cross-trained team of engineering, manufacturing and PLM experts to provide on-site or off-site training and services at a moment's notice. Ready5 experts serve more than 500 clients worldwide annually.

"These best practices-based services from Cadpo expand INCAT's overall best practices delivery strategy that includes our iCHECK(TM) software, the industry's leading CAD data quality assurance tool," Herter added.

Founded in 1988, Cadpo has maintained local training centers in the United States, in Denver and Detroit, and, to support a growing Asia-Pacific presence, in Singapore.

The Cadpo executive team and staff will continue to operate the company and service clients, operating within the INCAT group.

"Joining INCAT broadens our opportunities to deliver our unique learning system within the industry worldwide," said Kevin Noe, President and CEO of Cadpo. "And this is a plus for both INCAT and Cadpo clients, as it creates a strong portfolio comprised of education services, professional services and consulting, and proprietary software."

About INCAT

INCAT (RIC: ICN.L) is listed on AIM, a market operated by the London Stock Exchange, in the Software and Computer Services sector, sub sector 972 Computer Services. Founded in 1989, INCAT is an international provider of software services and solutions focused on Product Lifecycle Management (PLM), principally to the automotive, aerospace and durable goods manufacturing industries. PLM seeks to improve a manufacturing company's product development processes and its ability to use product-related information to make better business decisions and deliver better products to its clients.

INCAT is headquartered in the UK (Bristol) and in North America (Detroit) with 12 offices in the United States, four offices in France, three offices in Mexico and Germany, two offices in Canada, and offices in Japan and the Netherlands. INCAT employs more than 650 people, and has more than 2,000 clients worldwide including Ford, DaimlerChrysler, Honda, Northrop Grumman, Boeing, Airbus, BAE Systems, AugustaWestland and Joy Mining. For further information please visit the website: http://www.incat.com/