About INCAT

INCAT listed on AIM, a market operated by the London Stock Exchange, on 30th November 2004 at an issue price of 128p (RIC: ICN.L). INCAT is listed in the Software and Computer Services sector, subsector 972 Computer Services.

Founded in 1989, the Group is an international provider of software services and solutions focused on Product Lifecycle Management (PLM), principally to the automotive, aerospace and durable goods manufacturing industries. PLM seeks to improve a manufacturing company's product development processes and its ability to use product-related information to make better business decisions and deliver greater value to its clients.

The Group is based in the UK (Bristol), with thirteen offices in the US, three
offices in Mexico and Germany and offices in Japan, the Netherlands and Canada.
INCAT employs over 600 people and has more than 2000 clients worldwide. Clients include the Ford Motor Company, DaimlerChrysler, Honda, Northrop Grumman, Boeing, Airbus, BAE Systems AugustaWestland and Joy Mining.

For further information please visit the website: www.incat.com


2004 Turnover 65,261,000 GBP
2004 PBT 3,332,000 GBP

Recent buying (March 05) by Royal Mail Pensions Trustees Limited
Recent adding (March 05) by Britel Fund Trustees Limited
Recent buying (Feb 05) by GAM


Huge potential on this one !!

IMO there will be some large buys in, in this coming 2nd quarter, prior, and also after the interims on the 19th April.

Price to Sales Ratio (PSR) is x 0.25
Sector PSR is x 2.83
Market PSR is x 2.13

2004 Turnover 65M and expected 2005 turnover will be much higher, interims will lead the way on showing the improvements on 2004 performance in terms of turnover and profits.

Price to Cashflow (PCF) is x 4.79
Sector PCF is x 10.88
Market PCF is x 11.52


Very interesting to me. DYOR.

Investec BUY

Was sat here waiting for this one and it is good that its good.


INCAT International PLC
19 April 2005


Embargoed until 7am Tuesday, 19 April 2005

INCAT International PLC

Maiden interim results for the six months ended 28 February 2005

INCAT is delivering growth and improving profitability


INCAT International PLC, the software solutions and services provider focused on
Product Lifecycle Management (PLM), today announces its unaudited results for
the half year ended 28 February 2005. Highlights for the six months ended 28
February 2005 are as follows:

Turnover of 32.4m (2004: 32.3m)

Increased gross profit margin of 31% (2004: 28%) due to increased
revenue derived from higher margin PLM services and software

Operating margin before amortisation of goodwill and exceptional item to
5.8% (2004: 3.6%)1

Operating profit before goodwill amortisation and exceptional item up
58% to 1.9m (2004: 1.2m)

Profit before tax of 1.6m (2004: 1.2m)

Adjusted earnings per share of 6.4p (2004: 3.0p)2

Net cash position of 7.4m at period end

Greater penetration with existing clients, new contract wins and
pleasing sales of our proprietary software

Maiden interim dividend of 0.75p per share

Successful flotation on AIM, raising 2.8m net of expenses on 30
November 2004

1 Operating profit and operating margin before and after amortisation of
goodwill and exceptional items is analysed in note 3 to the Interim statement.

2 Adjusted earnings per share have been calculated to add back the amortisation
of goodwill charge, and exclude the exceptional credit arising in the prior
period. It is analysed in note 6 to the Interim Statement 2005.

Ulrich Herter, Chief Executive Officer said:

'We are delighted to announce positive progress since joining AIM on 30 November
2004. During the second half, we will continue our strategy of growing the
business both organically and via selective acquisition and expect our overall
performance to be in line with expectations.'

An analyst briefing will be held at 11.00am today at the offices of Smithfield,
78 Cowcross Street, London, EC1M 6HE.

For further information, please contact:

INCAT International plc
www.incat.com

INCAT International PLC
16 May 2005
Embargoed until 7am 16 May 2005

INCAT International PLC

INCAT expands European operations

INCAT International PLC, the software solutions and service provider focused on
Product Lifecycle Management (PLM), today announces the expansion of its
European operations through the incorporation of a new subsidiary in France.

This subsidiary has acquired the customers, certain assets and 29 employees,
from the administrators of Rand France S.A. The new operation will be
headquartered in Strasbourg, with further offices in Nancy, Belfort, Lyon and
Paris.

In addition to the newly acquired customer base, this expansion will allow INCAT
to support its existing international clients who have operations in France.
Furthermore, the addition of 29 staff with outstanding PLM skills will be of
benefit throughout the INCAT Group. INCAT plans to leverage its expertise and
technologies to add to its client base in France.

Stephane Geffrouais, a veteran of the PLM industry in France, has been appointed country manager for INCAT France.
Commenting on the expansion, Ulrich Herter, Chief Executive Officer said:
'I am delighted to announce this expansion in France. Our global clients are
increasingly looking to achieve global standardisation and this investment
supports our objective to better serve our clients.'

For further information, please contact:
INCAT International plc
www.incat.com
Ulrich Herter, Chief Executive 01179 709 724
David Myers, Finance Director

squidd has been rumours of take over offer coming on ICN but just whispers at the moment and nothing solid to report.

INCAT International PLC
24 June 2005


Embargoed until 7am 24 June 2005

INCAT International PLC

INCAT acquires PLM learning technology and services company

In line with its stated strategy, INCAT International PLC ('INCAT' or 'the
Company'), the software solutions and services provider focused on Product
Lifecycle Management (PLM), today announces the acquisition of CAD Potential
Inc. (Cadpo), a privately owned provider of PLM learning technology products and
services for the engineering and manufacturing markets.
Headquartered in Westminster, Colorado, Cadpo has developed a professional
e-learning system, branded 'i.get.it', focused on PLM. i.get.it is the only
learning management system currently available within the industry which
supports multiple PLM software applications. Cadpo has partnered with The
Society of Automotive Engineers (SAE) to develop the 'SAE Automotive CAD
Certification' program - the industry's only international program that sets the
standard for developing and measuring automotive CAD skills globally. i.get.it
combines online learning and classroom training, and includes testing and formal
certifications.

In addition to this software training tool, Cadpo provides PLM consulting based
services branded as 'ready5', including best practice analysis, assessment
measurement, product design and on onsite engineering support.

Cadpo has approximately 70 employees, located across offices in, Japan,
Singapore, and the United States. Cadpo's blue chip customers include 3M,
General Motors, GE Aircraft Engines and Singapore Technologies Kinetics (STK).
INCAT will pay up to a total maximum consideration of $7.45 million, to be
satisfied by way of a cash consideration of $5 million plus a deferred
consideration by way of the issue of INCAT Ordinary Shares up to a maximum of
$2.45 million in value, at the market price at the time of issuance, dependent
on Cadpo's performance in its next two financial years ending 31 December 2005
and 2006, respectively. The Shares are expected to be admitted to AIM in June
2007.

Cadpo is profitable, cash generative and debt free. In the year to 31 December
2004, Cadpo's unaudited turnover was $8.0 million and unaudited profit before
tax was $0.9 million. Revenue from Cadpo's proprietary e-learning software
i.get.it increased from $0.9 million in 2001 (16% of annual revenue) to $2.2
million in 2004 (28% of annual revenue).

Solid gains recently it took a bit of time but well worth it.

PpP: Came in to find the good news about the prospective take-over, which you hinted at in May. Sadly though, in spite of your excellent heading, you seem to be the sole beneficiary, but perhaps there are other silent watchers aboard. I couln't really understand what they were at - it seems to be a 21st C. edition of CAD/Critical Path Analysis, so hadn't bought.
Meanwhile, fortunately there are Alternative Prospects Hereabouts and I am aiming to add to APH if any dips occur.
sd.

squidd it was some good gains and I will take profits here as I am not so sure about their recent purchase of PLM. I have put the Hardman report on Alliance on the APH thread and will be putting one more link on there today which was the recent presentation about APH to GCI.

squidd ICN went well and I have added a new one to watch now Ki-Bi (Epic KIB) which should rebound well, priced dropped due to general lack of interest, but they just raised 10 million at the placing, were profitable in Q4 2004 and are looking for sales of 6 million year end 2005.

Market cap is now below cash and they have issued a statement in July saying they no know reason why the price has fallen.