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Landmark Quarter for Cyra’s 3D Laser Scanning Business 06.20.2003

June 20, 2003
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Cyra enjoyed record last quarter shipments of its Cyrax 2500 laser scanner and Cyclone software.

Cyra Technologies, Inc. announced record shipments to new customers of its flagship Cyrax 2500 laser scanner and Cyclone software for the 4th quarter of FY03. In addition during the quarter, Leica Geosystems formalized its business agreement with Bentley Systems for Bentley to distribute Cyra’s award-winning CloudWorx software. Cyra’s products are used to capture and provide accurate, economical “as-built” information for industrial plant, civil, and architectural professionals.

Record Cyrax 2500 Shipments In spite of a difficult US and world economy, the steady adoption of laser scanning technology was reflected in record quarterly demand from new customers for Cyra’s flagship Cyrax 2500 3D laser scanning system for the fiscal quarter ended March 31, 2003. “As we track our business, one of the key indicators of the acceptance and growth of the technology is the purchase of Cyrax 2500 systems by new users, plus second or third units to customers who already own Cyrax scanners. The quarter ended March 31, 2003 saw such deliveries top the company’s prior record quarter by a resounding 23%,” stated Erwin Frei, Cyra CEO and Leica Geosystems Corporate Executive. For the full fiscal year, the company’s installed customer base for Cyrax scanners increased by more than 50%.

“The Cyrax 2500 in conjunction with Cyclone & CloudWorx software have proven to be real workhorses, with hundreds of Cyrax 2500 systems now in the market. The all-around versatility and economic efficiency of the scanner and software have earned a strong leadership reputation that has, in turn, led to this record demand. In a general market environment where capital expenditures are tightly scrutinized, it is very encouraging to see so many positive economic justifications for users to take advantage of our laser scanning solutions,” adds Frei.

Bentley and CloudWorx Take Center Stage One of several key breakthroughs that have propelled Cyrax laser scanners to record shipments has been the success of the company’s CloudWorx software. “In many cases, CloudWorx software has not only sharply reduced the overall costs of laser scanning projects, but it has also greatly minimized the disruption of adopting laser scanning technology,” states Diane Hum, Software Product Manager for Cyra. “With CloudWorx, users can take quick advantage of rich 3D point clouds directly in their favorite CAD application, such as AutoCAD or MicroStation, with absolutely minimal training. Market acceptance has been terrific.”

Reinforcing this success, during the fourth quarter Leica Geosystems and Bentley formalized their previously announced plans for Bentley to distribute CloudWorx through Bentley’s standard software licensing programs. Effective April 16, 2003, Bentley CloudWorx became officially available directly from Bentley. “The convenience to Bentley users of being able to procure CloudWorx licenses directly from Bentley and receive product support directly from Bentley promises to make it even easier for them to take advantage of the technology,” says Hum.

Two projects that utilized Cyrax laser scanning and CloudWorx were finalists for the recent (May 2003) Bentley 2003 Success Awards competition. One project, submitted by Whitby, Bird and Partners (UK), won in the “Building - Commercial/Institutional” category. [http://www.bentley.com/successawards/default.cfm?objectid=8E73BB25-8F91-400D-BCA0FCC87D75D62C&method=display]

The other finalist project that featured Cyrax laser scanning and MicroStation-based CloudWorx was submitted by LJB Inc. for the I-275/I-75 highway interchange reconstruction (see attached LJB Inc. press release, June 10, 2003 and image from LJB)

The latest version of CloudWorx, v2.0, was also released in the March 31, 2003 quarter. This version provides additional automation and user controls for working with and processing rich point cloud data sets.

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