09 October 2006

POSCO E&C Selects UGS Velocity Series PLM

PLANO, Texas and SEOUL, South Korea – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced that POSCO Engineering & Construction Co., Ltd. (POSCO E&C) has chosen UGS Teamcenter® Express software for its first product data management (PDM) system and expanded its Solid Edge® software deployment.

“By pairing Teamcenter Express and Solid Edge, we get a powerful and easy-to-use PLM solution that facilitates our day-to-day engineering tasks and processes,” said MinSoo Kim, deputy general manager, POSCO E&C.  “Electing to enter into the PDM world is one of the most important decisions our company has made and it supports our vision of becoming one of the smartest and most innovative companies in our industry.”

The solutions used by POSCO E&C are key components of the UGS Velocity Series™ portfolio - Solid Edge is the CAD component and Teamcenter Express is the collaborative product data management (cPDM) component.  UGS’ Velocity Series portfolio is the industry’s first comprehensive, preconfigured portfolio of digital product design, analysis, manufacturing and data management software for the PLM mid-market.  UGS’ Velocity Series portfolio also includes Femap™ and NX™ CAM Express.

POSCO E&C has leveraged Solid Edge for its integrated and managed design capability for five years.  One of POSCO E&C’s priorities in their PLM decision was the integration between PDM and CAD.  The company found that Teamcenter Express provides the best integration and requires minimum implementation time.  With PDM in place, POSCO E&C is expected to maximize product development efficiency.
“As both Teamcenter Express and Solid Edge are part of UGS Velocity Series, the decision was clear and straight-forward,” added Kim.  “Teamcenter Express stood out through its seamless integration with Solid Edge and collaborative design management functionality.”

“Similar to large organizations, mid-size manufacturers face issues like globalization and data management,” said K.R. Kwon, vice president of Korea Operations, UGS.  “While these companies have previously focused on standalone solutions, today they need an integrated PLM product portfolio.  Our Velocity Series portfolio enables mid-size manufacturers like POSCO E&C to leverage affordable enterprise-level PLM benefits with fast implementation and compete effectively with larger companies.”

In order to help accelerate PLM capabilities amongst mid-market manufacturers in Asia Pacific, UGS formed the Velocity Series Consortium with HP and Intel.  The Consortium is dedicated to the development of solutions and services helping manufacturers reduce costs and minimize barriers to innovation.  For more information, visit www.vsconsortium.net.

About POSCO E&C Co., Pohang, South Korea
POSCO E&C (POSCO Engineering & Construction Co., Ltd. www.poscoenc.com) is a comprehensive Engineering & Construction Company founded on December 1, 1994, with aims not only to enhance its technology in E&C (Engineering & Construction) areas through integrated operation of its man powers that have been accumulated over the past thirty years by the construction of POSCO’S most up-to-date steel works, but also to contribute to the development of the nation’s construction industry. POSCO E&C is headquartered in Pohang City, Republic of Korea and employs more than 1,600 people.

About UGS Velocity Series
The UGS Velocity Series™ portfolio is a comprehensive family of modular, yet integrated solutions addressing the product lifecycle management (PLM) needs of the mid-market. Consisting of a preconfigured family of digital product design, analysis, manufacturing and data management software offerings, UGS Velocity Series leverages the industry’s best practices to provide significant breakthroughs in ease-of-use and deployment. Mid-size manufacturers can leverage the power of UGS Velocity Series to transform their process of innovation while maintaining a low total cost of ownership; and all UGS Velocity Series products are completely scalable to the full range of UGS’ industry leading, enterprise-level PLM portfolio.

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. 

Note:  UGS, Femap, NX, Solid Edge, Teamcenter, Transforming the process of innovation and Velocity Series 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 customer 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, partnering strategy, and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its quarterly report on Form 10-Q for the period ended June 30, 2006 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.