FOR RELEASE Thursday, February 24, 2005
PLANO, Texas– On the NASCAR circuit, it’s not all about speed. It’s all about winning. And few things help the cars from Hendrick Motorsports reach the winners circle more often than the speed and reliability of UGS technology. Of course, having Jeff Gordon behind the wheel doesn’t hurt, either.
Driving his famous No. 24 DuPont Chevrolet, which was developed using technology from UGS, a leading provider of product lifecycle management (PLM) software and services, Gordon made history Sunday, becoming just the fifth driver in NASCAR NEXTEL Cup Series history to win three or more times in the Daytona 500. It was also the third victory for Hendrick in the last four restrictor-plate races.
“On behalf of everyone at UGS we offer our enthusiastic congratulations to Jeff Gordon and the entire Hendrick team for this historic victory,” said Dave Shirk, executive vice president of Global Marketing for UGS. “We are proud of our enduring relationship with Hendrick Motorsports and pleased to know our solutions helped the team deliver a winner.”
PLM software drives success
The people at Hendrick Motorsports know that building the fastest car and having it break down – or worse yet not be ready to race on race day – doesn’t win many races. That’s why Hendrick relies on software solutions from its technology partner UGS to help execute and manage the entire product development process for all of its racing vehicles.
“Hendrick Motorsports uses the UGS software family to stay at the forefront of the competition,” said Jim Wall, Hendrick’s director of engine engineering. “You’re tested every weekend in this business and that cycle gives you a quick reality check.”
Hendrick uses UGS’ NX™ digital product development solution, to design and manufacture every aspect of its race cars. Hendrick was one of the first NASCAR teams to begin using state-of-the-art product development software. The technology enabled Hendrick to reduce engine machining time, achieve an unprecedented level of machining consistency and ultimately cut production costs. The first engines produced using the new technology finished first, second and third at the Purolator 500.
To help maintain this winning tradition, Hendrick Motorsports added UGS’ Teamcenter® solution, the de facto standard for PLM, to manage the enormous stockpiles of data associated with each vehicle and their teams. In addition to the design and manufacturing data created with NX, Teamcenter manages digital simulation results, engine dynamometer data, chassis dynamometer data, wind-tunnel data, track test results and marketing and licensing materials.
“Having all of our product data readily available, even at the race track, enables us to not only produce vehicles more quickly but also to respond to, and solve, problems that occur during a race much faster,” Wall said. “The formula with UGS technology as a central ingredient is working.”
In addition to Gordon’s historic win, Hendrick Motorsports had three engines place in the top five at Daytona, including the one powering the car of Gordon’s teammate, Jimmie Johnson, who placed fifth. And just one week earlier, racing at the Bud Shootout, Johnson took first place.
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, Teamcenter and NX are trademarks or registered trademark 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.
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.