FOR RELEASE Friday, March 23, 2007
PLANO, Texas – UGS Corp., a leading provider of product lifecycle management (PLM) products and services, announced UGS-sponsored racing team KB Racing and Hendrick Motorsports – whose cars are developed with the help of UGS® PLM technology – dominated last weekend’s NASCAR and NHRA Pro Stock racing events.
Hendrick Motorsports driver Jimmie Johnson, the 2006 NEXTEL Cup champion, claimed his 25th career victory at the NASCAR NEXTEL Cup Series at Atlanta. Johnson also won the UAW-DaimlerChrysler 400 at Las Vegas Motor Speedway the week prior, making this his second consecutive win in as many weeks.
KB Racing driver Greg Anderson, the three-time NHRA Pro Stock world champion, set a new elapsed time record of 6.536 seconds on his way to winning the ACDelco NHRA Gatornationals in Gainesville, Fla. Anderson and teammate Jason Line also became the first Pro Stock drivers to break the 210 mph speed barrier with 211.49 mph and 211.69 efforts respectively. In setting the new elapsed time record, winning the race and qualifying No. 1 Anderson earned the maximum allowable points for a national NHRA event. Anderson, who also won the first race of the season, the CARQUEST Auto Parts Winternationals, became the only Pro Stock driver to win two of the first three races of the season.
“UGS congratulates KB Racing and Hendrick Motorsports on the new records and milestone wins,” said Dave Shirk, executive vice president of Global Marketing for UGS. “UGS is excited to partner with innovative race teams that leverage technology to push the envelope and is pleased to know that our solutions help the teams win and break records in the process.”
A Tradition of Technology and Tracks
UGS has a long tradition providing NX® software, UGS’ comprehensive digital product development solution, and Teamcenter® software, UGS’ digital lifecycle management solution and the world’s most widely used PLM portfolio, through racing sponsorships. Hendrick Motorsports, winner of the 2006 NASCAR NEXTEL Cup Championship; Joe Gibbs Racing, winner of the 2005 NASCAR NEXTEL Cup Championship; Roush Fenway Racing, winner of the 2003 and 2004 NASCAR NEXTEL Cup Championship; and Andretti Green Racing, winner of the 2004 and 2005 Indy Racing League® (IRL) IndyCar® Series Championship;, have been using UGS software for several years to help develop their cars and improve their performance on the race track. KB Racing, winner of the National Hot Rod Association (NHRA) Pro Stock Championship for four straight years, began using UGS technology in 2005, and the Renault F1 Team, winner of the 2005 Formula One Drivers and Constructors Championships, established a partnership in 2004 using Tecnomatix™ software, UGS’ best-in-class digital manufacturing solution.
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, NX, Teamcenter, Tecnomatix 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. Indy Racing League, IRL and IndyCar are trademarks or registered marks of Brickyard Trademarks Inc. or its subsidiaries in the United States and in other countries. NASCAR is a trademark or registered mark of National Association for Stock Car Auto Racing, Inc. 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 products, 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.