23 August 2006

UGS Signs PING as a New Mid-Market Reseller in Bosnia and Herzegovina

FOR RELEASE Wednesday, August 23, 2006

SARAJEVO, Bosnia and Herzegovina - UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, has announced a relationship with PING Ltd., an established system integration company located in Sarajevo, Bosnia and Herzegovina that offers computing and automation solutions to a wide range of clients. PING has expanded its services to support the growing PLM market in Bosnia and Herzegovina.

PING will provide UGS™ PLM software to the local market, including the UGS Velocity Series™ portfolio, the industry’s first comprehensive, preconfigured portfolio of digital product design, analysis, manufacturing and data management software for the PLM mid-market. The company has unique experience and competence in the installation of computer systems, operating systems and distributed management systems within manufacturing, banking and government sectors.

“We have followed the performance of UGS closely and seen its products and services work very successfully for many companies,” said Muamer Bezdrob, director, PING. “We are looking forward to offering UGS solutions to our clients and increasing sales of its products in the engineering community.”

“UGS has been looking for a reliable partner in the growing Balkans market,” said Angus Marshall, director of Sales and Channel Programs for Europe, Middle East & Africa, UGS. “With PING’s experience in computing and infrastructure systems, we look forward to continuing momentum in this region.”

About UGS

UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS’ vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS’ open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation.

About PING

Ping d.o.o is a computer and information engineering company, founded on 19 February 1997 by a group of experts in computer and information sciences. The founders gathered around an idea to create an efficient company capable of rendering services in almost any field of computer and information engineering, based on their complementary skills and experiences, with a particular stress on the quality in each step undertaken.

For more information on PING please visit www.ping.ba

Note: UGS, and Transforming the process of innovation are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

The statements in this news release that are not historical statements, including statements regarding the expected benefits of the partner relationship, the successfulness of the implementation and other statements identified by forward looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to loss or downsizing of customers, competition, international operations and exchange rate fluctuations, changes in pricing models, and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its annual report on Form 10-K most recently filed with the SEC.  UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.