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|Standex Forms Strategic Partnership With LightWork Design; Leading CAD Design Software Firm Will Promote Standex's Texturized Finishes|
|SALEM, N.H., Aug 24, 2001 (BUSINESS WIRE) -- Standex International Corporation
(NYSE:SXI) today reported that it has formed an exclusive partnership with
UK-based LightWork Design that will promote the worldwide sale of Standex's
Mold-Tech(R) and Roehlen Embossing finishes. By providing the ability to
accurately visualize manufacturing finishes within CAD applications based on
LightWorks(R) - LightWork Design's visualization solution - the partnership will
make it significantly easier for product designers to select appropriate Standex
finishes for their product designs.
The partnership will create a range of solutions that will give designers a reliable and accurate flow of design specification data throughout the whole art-to-part process, from initial design stage to rapid prototyping, mold preparation and final product manufacturing.
Standex President and CEO Edward J. Trainor stated, "The potential benefits of this partnership are enormous. LightWorks(R), the leading rendering package will now allow designers to use real commercial textures during the design phase, significantly improving accuracy and shortening the overall design cycle. Coupled with our new Model-Tech(R) process, the partnership allows designers both rendering and physical texturing of actual rapid prototype parts in a two-week time frame. From a broader perspective, this strategic relationship supports our recently announced corporate initiative to strategically realign Standex's businesses around its core manufacturing competencies that center on providing engineered products and customer solutions."
The Standex Engraving Group and LightWork Design are the industry leaders in their respective markets. Standex operates 19 engraving plants around the world with additional licensees in Japan, Brazil, Hong Kong, Bohemia and Russia. LightWorks(R), LightWork Design's design visualization solution, is the leading photo-realistic rendering engine for 3D CAD software applications. Applications that incorporate this software enable designers and engineers to accurately visualize their 3D computer models at the design stage.
There are more than 80 CAD applications based on LightWorks in use by more than 3/4 million designers worldwide. The solutions created by the partnership with Standex will give this large user base the ability to select, accurately visualize and specify Mold-Tech(R) and Roehlen embossing textures directly within their CAD software. In this way, designers can access a wide range of variations in surface finish before the product manufacturing stage to create higher quality products for the consumer.
The companies also intend the partnership to lead to the creation of a range of add-on libraries for LightWorks(R) to be used by any LightWorks(R)-based rendering application. These material libraries will accurately simulate the surface appearance of the selected commercial textures. One of the many benefits from this partnership will be to provide Mold-Tech(R) customer's accurate renderings, allowing for faster design decisions and improved time to market. Additionally, renderings can be rapidly manufactured using Standex's new Model-Tech(R) process that imparts high-quality surface finishes to rapid prototype parts.
About LightWork DesignLightWork Design is the world's leading supplier of quality advanced computer graphics for rendering, simulation and visualization solutions within CAD, CAM & AEC markets. Established in 1989, LightWork Design continues to invest in research and development to provide its customer base with innovative and market-focused technology. The company's products are used in more than 150 software applications worldwide and by over one million 3D software users.
About Standex InternationalStandex International Corporation, with sales of more than $600 million in fiscal 2001, and operations in the United States, Europe, Canada, Australia, Singapore and Mexico, is a multi-industry manufacturer in three broad business segments: Food Service, Industrial and Consumer.
CONTACT: Standex International Corporation Daniel C. Potter, Treasurer 603-893-9701