FOR RELEASE Wednesday, November 16, 2005
PLANO, Texas and DETROIT – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced “Innovation is a Team Sport” – a series of global seminars featuring manufacturing executives and industry analysts discussing how JT, the widely used open 3D data format, is serving as a common collaboration language for PLM that creates real business value in the global manufacturing industry.
Each event will showcase how organizations of all sizes can accelerate new product introduction and reduce development costs by creating JT™ data format-enabled “global innovation networks” that synchronize the product innovation process throughout the supply chain.
“In today’s global manufacturing environment, supply chains include a wide variety of organizations and can extend across multiple continents,” said Dave Shirk, executive vice president, Global Marketing for UGS. “Studies have shown that as much as 60 percent of new product costs are external, and that 50 percent of product quality problems can be traced back to outsourced materials or services. Innovation is a Team Sport seminars will explain how by synchronizing PLM communications through an intelligent ‘game plan,’ costs go down, quality goes up and innovation thrives. UGS is excited to host these events and promote the benefits companies can gain by fostering global innovation networks.”
UGS will conduct Innovation is a Team Sport seminars in several cities throughout the world. Each half day event will include presentations from UGS, Aberdeen Group – a respected industry analyst firm – and several world-class manufacturers, most of whom are members of the JT Open Program, a global initiative to promote the proliferation of JT as the PLM industry’s standard 3D collaboration data format. Attendees will be presented with real-world discussions on some of the communication challenges associated with global product development as well as multiple examples of how companies are turning those challenges into competitive advantages.
UGS will initially conduct Innovation is a Team Sport seminars in three cities according to the following schedule:
Detailed information about speakers attending the various events as well as enrollment information can be found at www.ugs.com/go/teamsport.
Enrollment is open to all interested parties. To ensure space availability, prospective attendees are encouraged to enroll as soon as possible at the web site above or by calling 1-800-498-5351.
About JT and JT Open
The JT Open Program is an initiative driven by global leaders that view PLM as a competitive advantage and have adopted the 3D JT data format as a standard. JT is a common 3D data format for enabling product visualization and information sharing between PLM software applications. The robust functionality and lightweight nature of JT technology makes it possible to view and share product data, manufacturing information and interactive images worldwide, in real-time and throughout all phases of the product lifecycle.
Membership in JT Open is available to any and all end user corporations, independent software vendors (ISVs), academic institutions and non-profit industry organizations. Some of the current JT Open members include UGS, General Motors, Ford, DaimlerChrysler, Siemens, Renault, Visteon, Caterpillar, Autoweb, Bowers & Wilkins, DENSO, Asahi Electronics, Adobe, Altair Engineering, Bentley, PTC, Alias, SGI, Theorem, Opticore, Polyplan, Landmark, Spicer, Realtime Technology and Actify as well as academic members Brigham Young University, Technical University Darmstadt, Shanghai Jiao Tong University and the University of Michigan.
In addition, many other companies that derive indirect value from the initiative participate as JT Open advocates. JT Open advocates include HP, Intel, Microsoft, SAP, Capgemini and Elysium.
Additional information about JT Open can be found at www.jtopen.com.
UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS’ vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS’ open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation.
Note: UGS, JT and Transforming the process of innovation are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.