17 December 2007

Sandvik Selects Siemens PLM Software's Teamcenter as Its Global PLM Platform

PLANO, Texas and SANDVIKEN, Sweden, December 17, 2007 – Siemens PLM Software, a division of Siemens Automation and Drives (A&D) and a leading global provider of product lifecycle management (PLM) software and services, today announced that Sandvik Group, a worldwide high-tech engineering company, selected Teamcenter® software as its global product lifecycle management platform to be further deployed throughout the business areas of Sandvik Mining and Construction and Sandvik Tooling.

Teamcenter, Siemens PLM Software’s digital lifecycle management solution and the world’s most widely used PLM portfolio, will play a key role in Sandvik's corporate strategy to build a global collaboration platform that manages all engineering data within a single system to provide enhanced product development capacity and improve the speed of innovation.

“For more than thirty years, Siemens PLM Software has helped us improve and rationalize our engineering processes and we are confident that the global roll-out of Teamcenter will further enhance our design and product development rate,” said Peter Lundh, vice president of Group Projects of Sandvik. “The Teamcenter PLM platform will provide a single-source data base for our product-related engineering data, enabling us to share and re-use design and product data between our worldwide sites.”

“We are pleased to sign a major PLM agreement with Sandvik, a world leading supplier of mining and construction equipment and cutting tools,” said Arie van Essen, vice president and managing director of Siemens PLM Software in the Nordics and Russia. “Siemens PLM Software’s Teamcenter technology will enable Sandvik to enhance innovation and collaboration and speed up the development cycle to continue to bring innovative products to market faster.”

The Sandvik Group

Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through sales activity in 130 countries. The Group has 42,000 employees and annual sales of approximately SEK 72 billion.

About Siemens PLM Software

Siemens PLM Software, a division of Siemens Automation and Drives (A&D), is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software’s open enterprise solutions enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About Siemens Automation and Drives

The Siemens Automation and Drives Group (A&D), Nuremberg, Germany, is the leading manufacturer in this field worldwide. Products supplied by A&D include standard products for the manufacturing and process industries and for the electrical installation industry as well as system solutions, for example for machine tools, and solutions for whole industries such as the automation of entire automobile factories or chemical plants. Supplementing this range of products and services, A&D also offers software for linking production and management (horizontal and vertical IT integration) and for optimizing production processes. A&D employs 70,600 people worldwide and in fiscal year 2006 (to September 30) earned a group profit of €1.572 billion on sales of €12.848 billion and orders of €14.108 billion, according to U.S. GAAP. Further information about A&D is available in the Internet at www.siemens.com/automation.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter is a registered trademark or trademark of Siemens Product Lifecycle Management Software or its subsidiaries in the United States and in other countries. All other products used herein are the property of their respective owners.

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