Timex Contract Win

Embargoed Release: 07:00hrs Wednesday 14th June 2006

                                  Sopheon Plc                                  
                                  (`Sopheon')                                  

                      Timex Advances Innovation Strategy                       
                        with Sopheon's Accolade System                         

             Leading Watchmaker Up and Running with Best-Practice              
                  Product Innovation Process in Only 60 Days                   

Sopheon, the international software and services company, is pleased to
announce that Timex Corporation, the largest-selling wristwatch brand in
America, has deployed Sopheon's Accolade as its product innovation process and
product portfolio management solution. Timex recently completed enterprise-wide
implementation of the system across all departments and to executive management
in a rollout that took approximately 60 days.

Connecticut-based Timex was founded in 1854. It sells more than 30 million
watches annually. The privately held company employs 7500 people at facilities
located in the U.S., South America, Europe and Asia.

Timex operates in a fiercely competitive industry where ever-shorter product
life cycles have made continuous technology innovation critical to market
success. Faced with the emergence of alternative timekeeping devices such as
cell phones, PDAs and computers, Timex has continued to innovate and evolve its
core lines while expanding its product portfolio to include multi-function
wrist pagers, compasses, heart monitors and thermometers.

Timex's implementation of Sopheon's Accolade system is integral to the
company's adoption of Stage-Gate, the widely used product development
methodology. Accolade is being used to automate the Stage-Gate process and to
provide decision-making support for management of the company's increasingly
complex portfolio of products. A primary reason Timex selected the Sopheon
solution is that it is specifically designed to support stage- or phase-based
product development processes and has proven capacity to strengthen process
governance and throughput. Other considerations included the software's
ease-of-use, its simple configurability and the speed with which it can be
implemented

"We set a very aggressive timetable for our rollout of Accolade," said Bernd
Becker, vice president of product development at Timex. "Given the complexity
of the implementation and the level of configuration required, I never expected
that Sopheon would finish on time. But they did-in just two months and with no
start-up issues. Some of the first reactions to Accolade came from senior
management. They were immediately impressed by the level of detailed
information the system gave them, and the ease with which that information
could be accessed. With Accolade in place across our organization, we are doing
a better job of managing our R&D investments, and we are fully realizing the
benefits of Stage-Gate. Sopheon and Accolade were clearly the right choice."

"Most of the companies we deal with have identified innovation as a top
strategic priority and are acting with urgency," said Andy Michuda, chief
executive officer of Sopheon. "We give our clients the advantage of a system
that is easy to implement, and customer service support that emphasizes working
smart and fast without a lot of involvement by internal IT to deliver a
solution that maps precisely to the adopting organization's requirements. Timex
had a clearly defined process and was very savvy about what they wanted to
accomplish through our software. As a result, we were able to hit the ground
running and, working closely with their team, put a fully automated,
world-class innovation system in place in a matter of weeks. For the client,
this translates into accelerated time-to-value and a sustainable source of
important competitive advantage."

Sopheon Accolade® is a registered trademark of Sopheon plc.

Timex is a registered trademark of the Timex Corporation.

Stage-Gate is a registered trademark of the Product Development Institute.

All other trademarks and registered trademarks are the sole

property of their respective owners.

About Timex

Founded in 1854, Timex is a privately owned company with manufacturing plants
and company offices in over 80 countries around the world. With more than
one-billion watches bearing the Timex brand sold world-wide, the Timex
Corporation has been providing innovative, well-designed, and reliable
timepieces for over 150 years. For more information, please visit www.timex.com

About Sopheon

Sopheon (LSE: SPE) is an international provider of software and services that
help organizations improve the business impact of product innovation. The
Sopheon Accolade® product innovation process and portfolio management system
automates gate- or phase-based product development processes and provides
strategic decision support that allows companies to increase revenue and
profits from new products. Sopheon is listed on the AIM Market of the London
Stock Exchange and on the Euronext in the Netherlands. For more information,
please visit www.sopheon.com.

Barry Mence, Chairman    Sopheon plc                 Tel : + 44 (0) 1483 685   
                                                     735                       
Arif Karimjee, CFO                                                             
                                                                               
Andrew Tan               Hansard Communications      Tel : + 44 (0) 207 245    
                                                     1100                      
                                                     + 44 (0) 7957 203 685     
                                                                               
Frank Jansen             Citigate First Financial    Tel : + 31 (0) 205 754 010