News & Events
Press Releases : December 3, 2003

KUBOTEK ACQUIRES CADKEY CORPORATION ASSETS
Acquisition Includes World-Renowned CADKEY Mechanica Computer-Aided Design (MCAD) Software

Osaka, Japan - December 3, 2003 - Kubotek Corporation, a developer of integrated design, machining and measurement software and hardware solutions, announced today that it has acquired the assets of CADKEY Corporation of Marlborough, Massachusetts in the United States, from the auction held under the Federal Bankruptcy Law, Chapter 11. The purpose of the acquisition is to enhance the company's long-lasting Creation Engineering business, and to establish a stronger base for expanding its worldwide activities.

Kubotek Corp. plans to develop a new multi-tier product line, code named CREATOR, which will be built on existing and established CADKEY and Kubotek's ImageModeler product lines, with enhanced functions based on CADKEY's Pure Geometry concept with optional integrated NC control functions.

Under the headquarters' overall control, Kubotek USA, Inc. (a newly founded wholly owned subsidiary of Kubotek Corporation) will conduct the Creation Engineering business in the USA and European areas, and will continue software development. Kubotek Corporation will continue to expand the business in Japan and Asian areas, and will continue the development of the basic software for Creation Engineering and hardware, such as its RPT (Real/Rapid Prototyping Toolset).

Mr. Naotake Kakishita, Director of Kubotek Corporation in Osaka , has been appointed the President of Kubotek USA, Inc. and will oversee its operations. Kubotek USA will begin a ctivity under a new organization on January 1, 2004 , after a preparation and adjustment period starting December 4 this year. Meanwhile, the company will provide advantageous programs for VARs and AUC (Annual Update Contract) holders to assure a smooth and secured transition.

Dr. Tetsuo Kubo, President and CEO of Kubotek Corporation, states, This strategic acquisition and the formation of a United States subsidiary establishes a firm foundation for expanding the worldwide sales and marketing of our long- lasting Creation Engineering business. Our plans with a new line of products include the development of competitive modeling solutions, strategic sales and marketing efforts particularly in vital global regions, increased customer-driven enhancements, and re- establishment of the global distribution channel.

CADKEY was the first truly 3-Dimensional MCAD software developed for personal computers. CADKEY Workshop, CADKEY Corporation's flagship product, is a freeform surface and solid modeling system. It has been used worldwide by design engineers and manufacturing professionals since 1984 in the design of tooling, complex machinery, fixtures, molds, dies, and products such as automobiles, sports equipment and appliances.

About Kubotek Corporation
Headquartered in Osaka, Japan and founded in 1985, Kubotek Corporation (TSE Code: 7709) has been a publicly held company traded on the Tokyo Stock Exchange since 2001. The company serves the manufacturing and information systems markets throughout Asia by providing products and services in high-end computer and robotic systems, design software, exterior optical and semi-conductor inspection systems, and line observation/monitoring/management systems. Kubotek is an established worldwide leader in the design and manufacture of optical inspection equipment as well as production monitoring and optimization control systems for LCD panels that is based on an image and data network. Kubotek has offices and factories in the Japanese cities of Tokyo, Nagoya and Kyoto as well as in the countries of Taiwan, Korea and Singapore. The company has also recently founded Kubotek USA, Inc., which will be responsible for managing product development and business activities in the United States, including all of the KEYCREATOR-related operations.

Kubotek's overall philosophy is to develop Cybernetic Technology based on the Cybernetics theory proposed by Dr. Norbert Wiener in the 1940s. Using this versatile technology concept, the company creates products that support the daily real-world tasks of its customers by foreseeing their needs. The company's mission is to be the leader in realizing a "21st Century Renaissance" by leveraging technology to provide truly fruitful lives for people through their Creation Engineering Business. Cybernetics Technology combines Machines, Controls, Networks and Information. It is Kubotek's belief that Cybernetic Technology will provide significant business growth that will enable the company to outpace its competitors.

For more information, visit:www.kubotekusa.com.

Editorial Note: Images available

Kubotek, KeyCreator, and CADKEY are registered trademarks or trademarks of Kubotek Corporation. All other brand and product names are trademarks or registered trademarks of their respective owners.