FOR RELEASE Wednesday, March 9, 2005
PLANO,Texas– UGS,a leading global provider of product lifecycle management (PLM) software and services,is on a roll – a very fast roll – with its racing sponsorships. The company’s latest victory came when two of the four drivers for Andretti Green Racing, whose cars are developed with the help of UGS® technology, finished in the top three spots at Sunday’s running of the Homestead-Miami Indy 300.
First place finisher Dan Wheldon drove the #26 Klein Tools/Jim Beam machine to a dominating victory at the 2005 season opening race, marking the fourth win of his Indy Racing League® (IRL) IndyCar® Series career and his first at Homestead-Miami Speedway. Wheldon’s Andretti Green Racing teammate Tony Kanaan finished third.
“Our success is based on our ability to work together effectively as a team and UGS is an important member of our winning team,” said Michael Andretti, CEO, Andretti Green Racing. “We rely on UGS software to help us fine tune our competitive edge through the design of critical components.”
Andretti Green Racing uses UGS’ NX™ digital product development software for all of the design and development work the company performs on its fleet of eight race cars. Although IRL rules limit the modifications a team can make to the car body and engine, engineers still have quite a bit of leeway in other areas such as the suspension. Fine-tuning these areas often means designing and fabricating new parts in the brief interval between races.
“NX is powerful enough to handle our most complex and challenging designs and its ease-of-use allows us to get the job done fast,” said Scott Graves, director of engineering at Andretti Green Racing. “There’s no time to waste between races and with NX we can design, modify and manufacture a part overnight and have it on the car the next morning.”
UGS off to a fast start
In addition to helping Andretti Green Racing take the checkered flag in the first race of the IRL IndyCar Series, UGS announced last month that its software was used in the development of the car that won theDaytona 500 – the first race of the NASCAR NEXTEL Cup Series.
“UGS congratulates Andretti Green Racing and especially Dan Wheldon and Tony Kanaan on an excellent race to start the 2005 season,” said Dave Shirk, executive vice president of Global Marketing for UGS. “We are proud of our racing heritage and pleased that our technology is helping so many racing teams reach victory lane.”
“Obviously UGS is an integral partner to the Andretti Green Racing team,” said Dan Wheldon. “When we can put together results like we had inHomestead, it makes us all very, very proud. We want to continue to develop our relationship with UGS and hope it gets us into victory lane even more often than it did last year.”
UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 42,000 clients worldwide. The company promotes openness and standardization and works collaboratively with its clients in creating enterprise solutions enabling them to transform their process of innovation and thus begin to capture the value of PLM.
Note to editors: UGS and NX are trademarks or registered trademark of UGS Corp. or its subsidiaries in theUnited Statesand in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
NASCAR is a registered trademark of the National Association for Stock Car Auto Racing, Inc.
Forward Looking Statement
The statements in this news release that are not historical statements are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond UGS’ control, which could cause actual results to differ materially from such statements. The company has included a discussion of pertinent risk factors in the final offering memorandum relating to our 10% Senior Subordinated Notes, a copy of which discussion of risk factors is available from the company. The company disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.