07 February 2008

Hyundai Heavy Industries Expands Use of Siemens PLM Software's NX and Teamcenter into Its China Divisions

PLANO, Texas, February 12, 2008 – Siemens PLM Software, a business unit of Siemens Industry Sector and a leading global provider of product lifecycle management (PLM) software and services, today announced HHI China Investment Co., Ltd., a subsidiary of Hyundai Heavy Industries Group, a world class construction equipment manufacturer, has selected NX™ and Teamcenter™ software to reduce development costs, enhance product quality and reduce time to market.

HHI Electro Electric Systems Division, HHI Engine & Machinery Division and HHI Construction Equipment Division have been successfully using Siemens PLM Software technology since 2004. In addition, approximately 1,000 suppliers collaborate with HHI using the same PLM systems.

HHI China will now utilize NX, Siemens PLM Software’s digital product development software, and Teamcenter, Siemens PLM Software’s collaborative product data management solution and the world’s most widely used PLM portfolio, to shorten its product development cycle to bring more innovative products to market faster to gain a strong competitive advantage in China.

“Hyundai Heavy Industries Group is the market share leader in the excavator market in China, and the company is dedicated to contributing to China’s development,“ said HHI China Investment Co., Ltd. “As construction business is booming in China, greater needs for R&D capabilities are required for successful business in the market. PLM software plays an important role in strengthening R&D capability. We look forward to further cooperation with Siemens PLM Software and deploying NX and Teamcenter software to other divisions of HHI China.”

“Innovation and time to market are of vital importance for manufacturers to maintain their competitive advantage in China,” said Chuck Yuan, senior vice president and general manager of Greater China Operations for Siemens PLM Software. “We have been paying great attention to Chinese manufacturers’ needs and are committed to improving their design capability and improving product development cycle time with complete PLM solutions.”

Introduced in April and featuring 400 enhancements, NX 5 powers innovation by integrating all aspects of the design-through-manufacturing process in a high-performance digital product development solution. NX helps companies develop innovative products faster and more cost-efficiently.

Teamcenter powers innovation and productivity by connecting people and processes with a single source of product and process knowledge. Teamcenter’s comprehensive portfolio of proven digital lifecycle management solutions is built on an open PLM foundation to power end-to-end PLM.

About Siemens PLM Software

Siemens PLM Software, a business unit of Siemens Industry Sector, 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 Industry Sector

The Siemens Industry Sector and its products and solutions address industry customers in the fields of production, transportation and building systems. The sector, newly formed on Jan. 1, 2008, is primarily comprised of the business activities of the former Siemens Groups A&D, I&S, SBT, Osram and TS. Approximately 209,000 employees currently work in the Industry Sector. The sector’s businesses generated revenues of roughly €40 billion in fiscal 2007. Further information about the Siemens Industry Sector is available at www.siemens.com/industry.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. NX and Teamcenter are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.