Firehole Technologies to Acquire CompositePro

LARAMIE, Wyo. & ARVADA, Colo. - (BUSINESS WIRE) - Firehole Technologies, Inc. (www.fireholetech.com), a leader in advanced composite analysis and simulation, today announced the acquisition of CompositePro from Peak Composites, Inc. (www.peakcomposites.com). The acquisition of CompositePro will allow Firehole to enhance and extend the composite design and analysis capabilities already available in the Helius portfolio, making it easier than ever for structural engineers to work with composite materials.

"Our goal is to provide the structural engineer with the most comprehensive, easy to use suite of tools for composite design and analysis in the market," said Jerad Stack, Firehole's CEO. "Helius:MCT addresses composite behavior with Multi-scale modeling and progressive failure simulation. The addition of CompositePro allows us to address the needs of the designer at the other end of the product development cycle."

Firehole will build on the solid foundation that exists today in CompositePro by leveraging the advanced functionality for composite failure analysis from the Helius portfolio and adding support for additional computer platforms. CompositePro will continue to fill the void between hand calculations and that of full structural finite element analysis by providing functionality such as composite micromechanics and classical laminate analysis, as well as design tools for composite plates, sandwich panels, beams and tubes.

"Firehole is the obvious choice for advancing CompositePro and delivering on the specialized needs of composite design and analysis. Peak Composites will continue to rely upon CompositePro to ensure ongoing delivery of quality composite engineering solutions," notes DeWayne Howell, Peak Composites Principal and creator of CompositePro.

CompositePro has been a leader in composite design software since 1996 with nearly 1,000 customers in industries varying from aerospace to sporting goods to oil and gas.

About Firehole Technologies, Inc.

Firehole Technologies supplies innovative computer-aided simulation software and services for composite materials to the aerospace, defense, automotive and energy industries. Firehole's Helius:MCT software enables the design of composite structures without the numerous expensive testing cycles traditionally deployed, allowing for a faster time-to-market and more reliable designs. The company's mission is to enable wide-spread use of composite materials leading to lighter, stronger and more fuel efficient applications. For more information, visit www.fireholetech.com.

Firehole Technologies, Inc.
Jason Gies, 307-460-4763
giesj@fireholetech.com