Galorath Selected by HITCO to Provide Estimating Software

El Segundo, CA - November 13, 2007 - In need of a faster and more accurate way to prepare project proposals, HITCO Carbon Composites (www.hitco.com) has selected SEER for Manufacturing (SEER MFG) and SEER for Hardware, Electronics & Systems (SEER HW) from Galorath Incorporated (www.galorath.com), A pioneer and industry leader in project estimation and management solutions. The company will use Galorath's project modeling application with extended capabilities designed specifically for the composites manufacturing industry. Galorath customers include Alcoa, Northrop Grumman, Honeywell, NASA, Boeing, the Social Security Administration and the Ford Motor Company.

According to Linda Dooley, HITCO's contracts manager, the company prepared an average of 12 proposals a month last year and has expanded its estimating department to keep up. "We believe the SEER tools will help handle this increased volume," she said. "Time and accuracy are critical factors in submitting a bid; missing a due date is often viewed as non-responsive which excludes the bidder from consideration. Alternatively, winning a bid you have underestimated can be problematic."

Two other sources were evaluated before selecting SEER by Galorath. One of the deciding factors was SEER's effectiveness during trials. "SEER significantly reduced the bid-cycle time," said Dooley. Another was Galorath's emphasis on service. "Galorath has been very responsive to questions, suggestions, needs and blue-sky expectations. They are very patient representatives who not only listen, but hear what we are saying and make suggestions for resolutions to a problem."

"HITCO's early experience with SEER solutions shows that small to mid-size organizations can quickly achieve bottom-line benefits from estimation software," said Galorath vice president Brian Glauser.

Unlike most project tools which focus primarily on modeling functionality and workflow, Galorath has focused on delivering a family of tools designed to model and analyze project costs, effort, and duration, and to help organizations ensure that their development targets are achieved. SEER solutions equip organizations with the tools and information needed to assess project feasibility, optimize project resources, monitor and adjust project processes, and improve the accuracy of project estimates over time.

SEER for Hardware, Electronics & Systems provides detailed insight into the cost drivers, effort and risk involved in hardware development, acquisition and integration. SEER MFG with Aerostructures Pro provides a direct-cost model focused on manufacturing processes, including over 25 existing and emerging composite fabrication and assembly processes. As a result, engineers can reduce costs by performing an increased number of trade studies in a shorter period of time. Last year, at the Final Technical Review for CAI (Composites Affordability Initiative), SEER Aerostructures Pro was acknowledged as one of the three most significant technology transitions that occurred as a result of the program since its inception in 1996.

About HITCO

HITCO Carbon Composites, Inc. is a major supplier of Composite Structural Assemblies and High Temperature Materials to the Aerospace and Industrial Markets. Founded in 1922 by Harry I. Thompson, HITCO is the oldest, continuously operating composites provider in the United States. Located on 26 acres just 10 minutes away from Los Angeles International Airport, HITCO is ideally situated to serve both domestic and international Aerospace customers.

About Galorath Incorporated

Galorath Incorporated has invested more than two decades developing solutions to help government and commercial organizations plan and manage complex software, hardware, electronics, and manufacturing projects. Leveraging sophisticated modeling technology and project-applicable knowledge bases, SEER solutions enable engineers, project managers, cost analysts, and information technology professionals worldwide to simulate and analyze alternative project scenarios, develop and optimize detailed project plans, and ensure that projects stay on track and meet objectives for functionality, cost, effort, duration, and quality. Combined with extensive consulting and support services, SEER by Galorath is the most comprehensive, intuitive project estimation and management solution in the industry. Please visit http://www.galorath.com for additional information.