FOR RELEASE Thursday, November 16, 2006
PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced it is a winner of Aviation Week & Space Technology Magazine’s 2006 Technology Innovation Award. Teamcenter® software, UGS’ digital lifecycle management solution, was honored with the Design Breakthrough Award in the Defense Category for its ability to address the unique challenges of A&D programs.
UGS was presented the award at Aviation Week & Space Technology Magazine’s A&D Programs and Program Excellence Conference in Phoenix, Ariz. A complete list of winners and nominees is available at http://www.aviationweek.com/conferences/ad_v2.htm.
“UGS is honored to receive Aviation Week & Space Technology Magazine’s 2006 Technology Innovation Award,” said Chuck Grindstaff, executive vice president, Products for UGS. “Teamcenter addresses the key issues facing businesses today – accelerating time-to-market, delivering the right products to market at the right time, extending product life to maximize revenues while increasing productivity. Teamcenter technology enables A&D organizations to collaborate through global innovation networks to deliver world-class products and services to their customers.”
UGS’ Teamcenter powers innovation and productivity by connecting people and processes with knowledge. Teamcenter’s comprehensive portfolio of digital lifecycle management solutions is built on an open PLM foundation. Teamcenter’s solutions for new product development and introduction and global product development link original equipment manufacturers, partners and suppliers with secure, global access to product knowledge, enabling product development process excellence. Teamcenter links product development with downstream lifecycle processes by offering solutions for global manufacturing; maintenance, repair and overhaul (MRO); and strategic sourcing. By enabling consistent, repeatable processes and commonality, Teamcenter supports regulatory compliance throughout the lifecycle.
UGS® software, used extensively by top 15 Aerospace & Defense OEM’s, has accrued more experience in Aerospace & Defense in mission-critical operations than any other comparable PLM product. With 2.3 million licenses and more than one million man-years of experience in delivering mission-critical operations on an unparalleled scale, UGS is now the de facto provider of product lifecycle management and facilitator of enterprise transformation for the aerospace and defense industry.
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, Transforming the process of innovation and Teamcenter 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.
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.