Siemens PLM Software Korea Announces PLM Initiative to Help Local Companies Address Business Challenges

SEOUL, Korea, May 6, 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 two new local online PLM resource centers to help Korean companies address today’s business challenges and turn more of their ideas into successful products. The new online resource centers are part of a global initiative which was announced earlier this year.

The localized small to medium business (SMB) resource center shows small manufacturing businesses how implementing a PLM strategy can help them better respond to the needs of their customers. Siemens PLM Software shows SMB customers how to reduce customer delivery by 50 percent, reduce engineering change orders by 40 percent, and save 30 percent in physical prototyping costs. Siemens PLM Software’s top performing SMB customers use PLM to achieve these kinds of savings so they can respond quickly to customer needs.

Similarly, the localized medium to large enterprise (MLE) resource center is designed to show how implementing a PLM strategy can help address today’s global business challenges. Siemens PLM Software shows how top performing MLE customers have addressed global business challenges to implement concurrent processes that reduce time-to-market by up to 30 percent, enable as much as 90 percent data reuse across global facilities and increase quality with up to 95 percent less rework.

These new local online resources are available to both current and potential customers.

“In today’s global business environment the requirement to bring new and profitable product to market, couldn’t be higher,” said Kyung Ryul Kwon, vice president and managing director, Korea, Siemens PLM Software. “This environment requires a system and an approach to managing information around products that allows customers to deal with varied environments and still be profitable. There is really no way to compete in this global design-anywhere, make-anywhere, build-anywhere environment without a PLM strategy. Siemens PLM Software’s online resource center will provide information to local companies to address these challenges.”

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.

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