11 June 2009

Hyundai Heavy Industries' Shipbuilding Division Selects Siemens PLM Software Technology to Implement Innovative Digital Shipyard

SEOUL, Korea and PLANO, Texas, June 11, 2009 - Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Hyundai Heavy Industries’ shipbuilding division (HHI), the leading shipbuilding company in Korea, selected Teamcenter® and Tecnomatix® software, Siemens PLM Software’s digital lifecycle management solution and digital manufacturing solution, respectively, to enhance PLM innovation to help reduce cost and improve time-to-market.

HHI will use Teamcenter as its product data management backbone to automate its entire design process linking CAD drawings and technical data with bill of materials (BOM) to help eliminate errors resulting from isolated design changes. Tecnomatix will enable HHI to innovate its manufacturing process by building a digital shipyard to simulate its production environment to resolve errors and enhance efficiency.

HHI, which selected Siemens PLM Software following an extensive evaluation process, was looking for a highly efficient PLM system that would help optimize its collaboration and digital manufacturing environment. HHI cited Siemens PLM Software technology’s performance and capacity as key decision factors. The company said it selected Siemens PLM Software because it received the highest marks in testing and because Siemens PLM Software was willing to supply a specialized shipbuilding template.

“The selection of Siemens PLM Software by a leader in the shipbuilding industry following a detailed evaluation process is proof positive that our industry specific solutions are right on target,” said Kwon Kyung Ryul, vice president and managing director of Korea operations, Siemens PLM Software. “Siemens PLM Software places great emphasis on contributing to customers’ vision through PLM and helping them turn more ideas into successful products.”

Siemens PLM Software currently provides PLM solutions to several HHI business divisions including construction equipment, engine and machinery, and electro and electric.

About Hyundai Heavy Industries

As a world’s leading shipbuilding company, HHI played a major role in leading Korea into the World’s Top No.1 ranking shipbuilding great power and its business divisions include not only shipbuilding, offshore & engineering, industrial plant & engineering, engine & machinery, electro electric systems and construction equipment, resolutely maintaining its position as a global leader. In 2008, it recorded KR 19.9 trillion Won in revenues. www.hhi.co.kr.

About Hyundai Heavy Industries’ Shipbuilding Division

The shipbuilding business unit of HHI is the world’s largest and number one shipbuilder as well as the representative and core business division of HHI. It has nine large-scale docks with six huge ‘Goliath Cranes’, capable of building all types of ships to meet demands from its clients. Based on the biggest research manpower, it endeavors continuously to develop new shipbuilding technologies. Its major products include oil tankers, petrochemical tankers, bulk carriers, refined oil product tanker, container ships, car carriers, LNG/LPG/FPSO carriers, drill ships, special carriers, destroyers and submarines and as of the end of 2008, it has built and delivered 1,383 ships (excluding special carriers), recorded KR 9 trillion won in revenues.

About Siemens PLM Software

Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 5.9 million licensed seats and 56,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies to deliver open solutions that help them turn more ideas into successful products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.

About Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg, Germany) is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industries to solutions for whole industrial sectors that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services. With around 42,900 employees worldwide Siemens Industry Automation achieved in fiscal year 2008 total sales of EUR8.7 billion.

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. Teamcenter and Tecnomatix 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.

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