NavisWorks Announce Record Results

Sheffield, UK, 26th January 2007: NavisWorks Ltd., developers of interactive viewing technology and JetStream, the leading 3D design review solution, today announced record results for 2006 with profits up by more than 1.8 x previous year and revenue up by more than 50%.

Peter Thompson, CEO, NavisWorks Ltd., today said, "It is wonderful to be able to announce yet another year of excellent revenue and profit growth in our business. Geographically, the Americas' contribution is now on target for 45% of our turnover, whilst we have also seen excellent growth in Europe (where we opened a new German office), in India, Australia and Japan, with business development territories such as the Middle East, Russia and China also starting to give real value. In the Building market, we continue to grow as the adoption of 3D, 4D and BIM also grows and we are delighted to have many leading construction companies as our customers, some of whom are promoting their use of our software as a competitive advantage. In Process Plant, we have offered the best value for money with the widest format compatibility and broadest product range. Our other key markets have also shown similar growth."

Thompson continued, "The 2006 results are a remarkable achievement for any company operating in this market, especially following a superb 2005, and an indication that our products are becoming a strategic investment choice and not just a complementary 'nice to have'. Our customers report that JetStream technology is used to implement and ease process change and is delivering measurable and repeatable profit - what more could you want from a software purchase? As ever for NavisWorks, we put our profit back into the company to continue to repay our customers' belief and trust in us. So, as well as aiming to deliver even better results in 2007, we will be adding more resource across all areas of the business, including some specifically for new product development and for reaching out even more strongly to our customer base."

Concluding his statement Thompson said, "At the risk of repeating myself from last year's press release, I'd like once again to say thank you to all our customers, old or new, and a big thank you to the hard working and loyal team at NavisWorks."

About NavisWorks & JetStream

NavisWorks is a customer oriented organization that develops and markets software to enable full exploitation of the benefits of 3D digital designs in the Building, Plant and Marine markets.

JetStream from NavisWorks offers a comprehensive set of tools to enhance 3D CAD navigation, collaboration and coordination for everyone in the design cycle and beyond. JetStream improves user effectiveness and is a key to the business investment return of 3D CAD; simplifying the adoption of BIM and Virtual Construction by reducing or eliminating the interoperability issues that arise.

Our product is used by many of the world's leading construction companies, major architects, engineering companies, shipbuilders and the Owner/Operators who commission them. 3D CAD software developers use JetStream as their preferred complementary design review solution, customizing functionality through the JetStream API.

We sell through a worldwide distribution channel into more than 35 countries, with more than 3,000 customers who own more than 15,000 licenses of JetStream between them.

NavisWorks is a privately owned limited company based in Sheffield UK and has offices in Scottsdale, AZ, USA and Mainz in Germany.

NavisWorks Ltd, Rutledge House, 78 Clarkehouse Road, Sheffield, S10 2LJ, UK., Registered in England No: 4277874

NavisWorks and the NavisWorks logo are trademarks of NavisWorks Ltd. All other trademarks are the property of their respective owners.

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