FOR RELEASE Monday, April 30, 2007
PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced the expansion of its “Fast Track to PLM” SMB educational seminar series to help mid-size manufacturers understand how to improve their new product development (NPD) processes by implementing a PLM strategy.
In a recently published report “Profitable Product Development for SME,” Aberdeen Group reports that small to medium-sized companies are enjoying significant performance advantages in hitting their NPD targets – including revenue, cost, launch dates and quality – by employing PLM technologies.
“Our study shows that companies who have implemented best-in-class new product development processes deliver products to market an average of 22 percent faster than their competition,” said Jim Brown, vice president, Product Innovation & Engineering Research, Aberdeen Group. “Best-in-class companies achieve high performance through a combination of strategic actions, organizational capabilities and implementation of enabling technology such as PLM. SME companies achieve greater success when they adopt solutions such as the UGS Velocity Series offering that provide templates for best practices.”
“Mid-sized manufacturers need to streamline their new product development processes to get the right products to market faster,” said Bruce Boes, vice president of UGS Velocity Series Marketing, UGS. “To do this, they must evaluate their new product development practices in three distinctive areas: process management, product development and manufacturing engineering. Our successful ‘Fast Track to PLM’ program offers attendees a tangible view of how they can improve these areas by implementing PLM. We are the only company that has effectively delivered an integrated CAD, CAM, CAE and cPDM solution from a single supplier, tailored specifically to the needs of mid-sized manufacturers.”
At the heart of the new product development program are results from a recent survey of Manufacturing Business Technology magazine’s readership that gauges new product development challenges and solutions as a means to improving:
The results of this survey can be seen in a new webcast, now available at www.ugs.com/mbt that looks at the balance between agility, structure and focus, including the perspective of UGS customer Razor USA LLC, makers of the popular Razor® Scooter. Razor was able to transform its product development processes and bring two to three times as many new products to market each year with their use of Solid Edge®, the CAD component of the UGS Velocity Series™ portfolio.
Manufacturers can download the Aberdeen Report from www.ugs.com/NPDReport. For more information or to obtain a list of available webinars on New Product Development visit UGS’ SMB Center at www.ugs.com/smb.
About UGS Velocity Series
The UGS Velocity Series™ portfolio is a comprehensive family of modular, yet integrated solutions addressing the product lifecycle management (PLM) needs of the mid-market. Consisting of a preconfigured family of digital product design, analysis and data management software offerings, UGS Velocity Series leverages the industry’s best practices to provide significant breakthroughs in ease-of-use and deployment. Mid-sized manufacturers can leverage the power of UGS Velocity Series™ to transform their process of innovation while maintaining a low total cost of ownership; and all UGS Velocity Series™ products are completely scalable to the full range of UGS’ industry leading, enterprise-level PLM portfolio.
UGS is a leading global provider of product lifecycle management (PLM) software and services with 4.3 million licensed seats and 47,000 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, Transforming the process of innovation, Solid Edge and Velocity Series are trademarks or registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. Razor is a trademark or registered trademark of Razor USA LLC or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
The statements in this news release that are not historical statements, including statements regarding expected benefits of the product, adoption by customers, continued innovation and other statements identified by forward looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to developments in the PLM industry, competition, failure to innovate, partnering strategy, major design errors or security flaws and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its quarterly report on Form 10-Q for the period ended June 30, 2006 filed with the SEC. UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.