Product Development System

Sopheon PLC 13 October 2000 SOPHEON PLC SOPHEON UNVEILS AUTOMATED PRODUCT DEVELOPMENT SYSTEM BASED ON THE COOPER & EDGETT STAGE-GATE TM PROCESS Sopheon PLC, ('Sopheon') an international leader in the development and implementation of knowledge management software and services, today announced the introduction of an automated version of the Stage-Gate TM* new-product development system, currently used in some form by an estimated 70 percent of North American technology-driven companies. Sopheon is unveiling the new system - which has the working name Accolade - at the 24th annual conference of the Product Development & Management Association (PDMA) in New Orleans. The system was designed in conjunction with Drs. Robert Cooper and Scott Edgett, internationally recognized authorities on new product management whose work is the basis for the renowned Stage-Gate system of the Ontario-based Product Development Institute, Inc. (PDI). 'Accolade' converts the proven Stage-Gate system from paper to computer, and speeds the process through rapid transfer of critical knowledge. Its combination of software applications, expert services and specialized content provides a flexible framework for new- product development processes from inception to launch. The solution is preloaded with product development best-practices content created by Drs. Cooper and Edgett, and also gives users access to Sopheon's technical and industry experts and its award-winning portal, Teltech.com. Sopheon also announces that Pennzoil-Quaker State Company, of Houston, Texas, has agreed, pending formal internal approval, to beta test and implement the new system. A number of corporate sites are expected to participate in the test activity preceding full commercial introduction of the offering. Sopheon said market release is targeted for early 2001. Andy Michuda, President and Chief Executive Officer of Sopheon, commented: 'Accolade is the first major offering from an exciting new international alliance created by the recent merger of Sopheon and the former Teltech Resource Network Corporation, and our strategic partnership with PDI. It exemplifies the strategic thrust of the Sopheon-Teltech merger, which created a company that delivers a unique integration of information process and content.' Dr. Robert Cooper, Co-founder of Product Development Institute, commented: 'The accelerating pace of technological advance, the increasing volatility of customer and market needs, the growing competitive turbulence in most industries - all contribute to a pressure-packed environment for the development of new products. Accolade is designed to help companies navigate the complexities of the development process faster and more effectively.' For further information contact: Sopheon plc Barry Mence, Chairman (barry.mence@sopheon.com) + 44 (0)1483-883000 Arif Karimjee, CFO (arif.karimjee@sopheon.com) + 44 (0)1483-883000 Buchanan Communications Edward Cowdery (edwardc@buchanan.uk.com) + 44 (0)207-466-5000 Eurocommunications Group Terry Davidson (terry@eurocom.be) + 32 (0) 2 640 92 07 NOTES TO EDITORS About Sopheon Sopheon, which completed its merger with Minneapolis-based Teltech Resource Network Corporation on Sept. 18, is a leading international provider of information and knowledge solutions that enable companies to more efficiently access internal and external information and turn it into usable knowledge. Sopheon's experience in integrating information process and content is the foundation for a powerful combination of pre- loaded, industry-specific software applications, expert services and specialized content. Its comprehensive solutions can enhance business processes ranging from product development and customer relationship management to R&D and quality management. Sopheon has operating bases in the United Kingdom, Netherlands and the United States. Its customers are companies in the life sciences, high-tech and healthcare industry sectors, and include half the Fortune 500. Information on Sopheon's products is available on: www.sopheon.com. About PDI The Product Development Institute, Inc. (www.prod-dev.com) is dedicated to helping companies improve their approach to new product development and portfolio management. Led by internationally recognized experts in the field of product development, Drs. Robert Cooper and Scott Edgett, the Institute provides executives and managers with a wide range of products and services aimed at improving companies' new product success rates. Cooper and Edgett have worked with more than 800 businesses, including most Fortune 500 companies, and have compiled the largest database on product-development best practices in the world. *Stage-Gate is a trademark of the Product Development Institute, Inc.

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