SOURCE: Foliage

February 26, 2008 10:26 ET

Foliage Expanded Client Base and Increased Repeat Business Across Key Industries in 2007

19 New Clients Signed in 2007

BURLINGTON, MA--(Marketwire - February 26, 2008) - Foliage, a technology consulting and product development company, today released corporate growth figures for 2007. Of note was the expansive list of top-tier companies across the medical, semiconductor and aerospace industries that rely on Foliage for industry insight and product development expertise. In 2007 many existing clients furthered their relationship with Foliage through the addition of follow-on engagements such as consulting, development and assessments.

Foliage cited the following metrics in each industry as substantiating evidence of its continued success helping industry leaders deliver next generation products to market:

Medical:

--  The medical division experienced a 63% increase, from 2006 to 2007, in
    medical engagements.
--  In 2007, more than 50% of medical programs were a result of recurring
    business.
--  Foliage signed six new clients in the medical sector in 2007.
--  Foliage continued to expand its presence in this sector having
    partnered with nine of the top 20 U.S. medical device companies to bring
    life-critical products to market.
    

Aerospace:

--  The aerospace division increased the number of its programs in 2007 by
    25% over 2006.
--  Growth in the aerospace sector in 2007 continues to be solid with 50%
    of programs coming from repeat customers.
--  In 2007, Foliage signed six new clients in aerospace.
--  Ten out of the top 20 aerospace equipment suppliers have collaborated
    with Foliage on product development initiatives.
    

Semiconductor:

--  Foliage reported a 30% increase in semiconductor programs in 2007 as
    compared to 2006.
--  In 2007, 61% of Foliage semiconductor engagements were a result of
    recurring business.
--  Last year, Foliage signed seven new clients in the semiconductor
    industry.
--  10 of the top 15 semiconductor equipment suppliers have turned to
    Foliage for their expertise in semiconductor product development.
    

"We are proud to be an integral part of the product development efforts of many of today's leading medical, aerospace and semiconductor equipment companies," said Ron Rubbico, co-CEO at Foliage. "The value of our insights enables our consultants and engineers to be included in highly strategic product planning discussions with our clients. At this level, our clients trust us to deliver product development strategies that fuel growth and impact key development decisions for years to come."

Foliage works with clients to create and align business, product and technology strategies and lead those strategies through to successful product delivery. Its services range from consulting that ensures alignment of product strategies with overall business goals, to custom software development that accelerates time-to-market. Foliage enables clients to meet today's market needs with tomorrow's product vision.

About Foliage

Foliage, the driving force behind many of today's life- and mission-critical products, provides clients with the business sense, industry insight and technology expertise needed to bring the right products to market faster. Since 1991, Foliage has provided clients with vital insight into the product development process, facilitating better-informed business decisions across the organization. Foliage enables its clients in the aerospace, financial, industrial equipment, medical and semiconductor industries to capture market share and maximize profitability. A privately held company, Foliage has offices in Burlington, Mass. and Westford, Mass. For more information, visit www.foliage.com.

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