SOURCE: Adapx

July 14, 2008 03:00 ET

Adapx Secures Strategic Investment From In-Q-Tel

Strategic Partnership With In-Q-Tel Plays Key Role in Introducing Cutting-Edge Field Collaboration and Data Collection Technology to the U.S. Intelligence Community

SEATTLE, WA--(Marketwire - July 14, 2008) - Adapx (www.adapx.com), the company that is changing the way teams collaborate and collect data in the field, today announced a strategic investment from In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the missions of the Central Intelligence Agency (CIA) and the broader Intelligence Community (IC). Adapx will use the additional capital to further enhance and market its Capturx™ software solutions for digital pen and paper, to meet the growing need for a better field data management solution in the mapping, design, forms, and note-taking markets.

"Every year, we review hundreds of innovative solutions but select only a small percentage with the superior capabilities that can best serve the critical technology needs of the U.S. Intelligence Community," said Troy M. Pearsall, Executive Vice President of Technology Practices and Insertion at In-Q-Tel. "Adapx's technology dramatically improves the way in which organizations streamline field data collection and dissemination."

Capturx™: Turning Ink into Action

The Capturx™ product line is used by a broad range of industries and agencies to speed and improve field data collection. As portable and easy-to-use as pen and paper, Capturx™ can be used where rugged laptops and PDAs aren't practical -- at a fraction of the total cost. Using normal paper and ink, the digital pen digitizes and stores notes, sketches, and data collected in forms, notebooks, maps and designs. Once the digital pen is connected to the PC, data is instantly available for sharing with colleagues through leading software applications from Microsoft, ESRI, and Autodesk.

The Capturx™ product line includes the following three solutions:

--  Capturx™ for Microsoft Office OneNote automatically converts field
    notes written on paper into digital data in Microsoft Office.
--  Capturx™ for Autodesk Design Review digitally enables mark ups,
    annotations and redlines from paper versions of DWF drawings directly into
    AutoCAD and other Autodesk applications.
--  Capturx™ for ArcGIS enables annotations and new features on paper
    maps and automatically integrated into the leading GIS solution.
    

"This agreement with In-Q-Tel and our addition to their prestigious portfolio of technology companies will provide public sector agencies with easier access to Capturx™ solutions," said Ken Schneider, CEO of Adapx. "Our strategic partnership with In-Q-Tel further validates the competitive advantages Capturx™ offers in terms of productivity, speed, and informed decision-making -- ultimately resulting in time and cost savings for U.S. intelligence operations."

About In-Q-Tel

In-Q-Tel is the strategic, not-for-profit investment firm that works to identify, adapt, and deliver innovative technology solutions to support the mission of the U.S. Intelligence Community. Launched by the CIA in 1999 as an independent organization, In-Q-Tel's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. In-Q-Tel concentrates on several broad commercial technology areas, including application software and analytics; bio, nano, and chemical technologies; communications and infrastructure; digital identity and security, and embedded systems and power. To date, In-Q-Tel has engaged with more than 100 companies and delivered more than 140 technology solutions to the Intelligence Community. To learn more about In-Q-Tel, visit www.iqt.org.

About Adapx

Adapx is changing the way teams collaborate and collect data with software that digitally enables paper-based maps, designs, notes, and forms for use with digital pens. A broad range of industries and agencies use Capturx products to capture actionable intelligence in any environment and make better decisions in less time and with fewer resources. Teams enjoy the natural advantages of collecting data with pen and paper as well as seamless integration into Microsoft Office, CAD, and GIS software, without the delays and expense of processing paper-based data or deploying mobile computers. Privately held and headquartered in Seattle, Adapx was named a Cool Vendor in Emerging Technologies by Gartner and New Partner of the Year by ESRI. The Capturx product line is available through GSA contract number, GS-35F-0131R. For more information, please visit www.adapx.com.

Adapx and Capturx, and their respective logos are trademarks, registered trademarks, or service marks of Adapx Corporation. Other products and company names mentioned are the trademarks of their respective owners.