07 November 2011

Joe Gibbs Racing and Siemens PLM Software Extend Multi-Year Technology Partnership

PLANO, Texas, and CHARLOTTE, N.C., November 7, 2011 – 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, and Joe Gibbs Racing®, one of the premier organizations in NASCAR, today announced the extension of their technology partnership through 2016.

The announcement was made at Siemens PLM Software’s NX CAE Symposium, hosted by Joe Gibbs Racing in Charlotte, N.C. The two-day symposium highlights the computer-aided engineering (CAE) and engineering simulation capabilities in the latest release of NX™ software and includes presentations from leading manufacturers that use NX CAE software (click here for full list of speakers: 2011 NX CAE Symposium Speakers).

“It is very appropriate that the extension of our technology partnership with Siemens PLM Software is being announced today at the NX CAE Symposium because the NX CAE tools have been so instrumental in our success on the race track,” said Nelson Cosgrove, Director of Engineering, Joe Gibbs Racing. “The structural, thermal, and CFD simulation tools in NX CAE allow us to maximize each vehicle’s structural integrity and performance while we simultaneously minimize vehicle weight. The result is fewer failures, faster lap times and more wins for our drivers.”

“We have been working with the people of Siemens PLM Software for more than 10 years and today’s announcement further strengthens our successful relationship,” said Joe Gibbs, Owner, Joe Gibbs Racing. “The company’s broad portfolio of integrated product development and data management applications enable us to operate under extremely demanding time constraints and still meet our high standards of quality and performance.”

“We are proud to extend our relationship with Joe Gibbs Racing and delighted to have them as the host for our NX CAE Symposium,” said Jim Rusk, vice president and General Manager, Product Engineering Business Segment, Siemens PLM Software. “With all the great CAE enhancements in our NX 8 release, we couldn’t ask for a better partner to highlight how NX CAE and its engineering simulation tools can help organizations make smarter decisions that result in better products.”

The contract extension being announced today covers the full suite of Siemens PLM Software products including NX, a fully integrated computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) solution, Solid Edge® software, the most complete mainstream hybrid 2D/3D CAD system, Teamcenter® software, the world’s most widely used digital lifecycle management solution, Tecnomatix® software, the world’s leading digital manufacturing solution, and D-Cubed™ software, a set of component software solutions used by most of the world’s leading CAD/CAM/CAE applications to perform a wide variety of critical tasks.

About Joe Gibbs Racing

Joe Gibbs Racing (JGR) is one of the premier organizations in NASCAR, currently fielding three NASCAR Sprint Cup Series teams, three NASCAR Nationwide Series teams and a driver development program that includes two full-time NASCAR East Series teams. Its driver lineup consists of Denny Hamlin, Kyle Busch and Joey Logano in the Sprint Cup Series; Hamlin, Busch, Logano, Brian Scott, Drew Herring, Michael McDowell, and Ryan Truex in Nationwide. In addition JGR boasts Max Gresham as the 2011 NASCAR K&N Pro Series East Champion and Darrell Wallace, Jr. in its driver development program. Based in Huntersville, N.C., and owned by Joe Gibbs – a three-time Super Bowl winner as head coach of the Washington Redskins and a member of the Pro Football Hall of Fame– JGR has competed in NASCAR since 1992, winning three Cup Series championships, three Nationwide Series championships, and two East Series championships along with more than 100 NASCAR races, including three Brickyard 400s and the 1993 Daytona 500. JGRMX is the organization’s Motocross race team which debuted in 2008 and recently signed James "Bubba" Stewart to ride beginning in 2012.

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 6.7 million licensed seats and more than 69,500 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 the Siemens Industry Automation Division

The Siemens Industry Automation Division (Nuremberg, Germany) supports the entire value chain of its industrial customers – from product design to production and services – with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. For more information, visit www.siemens.com/industryautomation

Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. D-Cubed, NX, Solid Edge, 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.