TORONTO, Jan. 8, 2004 (PRIMEZONE) -- Thinkpath Inc., (OTCBB:THTHF), a global provider of technological solutions and services in engineering knowledge management, including design, build, drafting, technical publishing, and consulting, announced the signing of a letter of intent worth $2.6 million US with General Dynamics for a complete engineering package for the Stryker vehicle. Thinkpath will utilize Pro Engineer parametric technology to fulfill this initiative.
Mr. Richard Simon, Thinkpath Detroit General Manager, will provide proven, senior level program management for this engagement. "Total model centricity is our main objective, with a long term target of a paperless release," stated Mr. Simon.
"We are pleased to offer our services as a global provider of engineering solutions to General Dynamics, an industry leader, with whom we have had a long-standing relationship" stated Declan French, Chairman and CEO of Thinkpath Inc.
About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 66,900 people worldwide and anticipates 2003 revenues of approximately $16.1 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation.
More information about the company can be found on the World Wide Web at www.generaldynamics.com.
About Thinkpath Inc.
Thinkpath Inc. (OTCBB:THTHF) provides full engineering services. We provide a true end-to-end solution, from concept design and build, drafting to technical publishing and documentation, and on-site engineering support.
Our engineering and design services cover every facet of the project from concept to SLA prototyping to a complete turnkey package that delivers a finished, operating system. Our engineers handle the drafting, the detailing and the parametric modeling. We have worked in every engineering discipline, from aeronautical, civil, electrical, environmental, mechanical, to structural. We have designed simple QA and assembly fixtures and complex automated assembly lines, dunnage racks and hip replacements; children's toys and aircraft controls.
We offer a variety of design solutions, including: Project Management, Engineering Processes Consulting, Conceptual Design, System Simulation, Complete Detailing, including GD&T, Reverse Engineering, Manufacturing Consulting, Product Design, Build Capabilities, CMM/Configuration Management Support, DOD Training Support, Technical Staffing, Document Management System & Service, All CAD Platforms and Software Support, ISO Process Driven and FEA.
Forward-Looking Statement
This press release contains forward-looking statements regarding Thinkpath Inc., its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Thinkpath's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by Thinkpath in this news release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Thinkpath's business.