FOR RELEASE Monday, October 9, 2006
PLANO, Texas and SEOUL, South Korea – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced that Meerecompany, a South Korean mid-sized manufacturer of LCD/semiconductor equipment, has selected UGS’ Solid Edge® and Teamcenter® Express as its first PLM system.
Solid Edge is the CAD component and Teamcenter Express is the collaborative product data management (cPDM) component of the new UGS Velocity Series™ portfolio, the industry’s first comprehensive, preconfigured portfolio of digital product design, analysis, manufacturing and data management software for the PLM mid-market. UGS Velocity Series portfolio also includes Femap™ and NX™ CAM Express.
Meerecompany selected Velocity Series products after a careful and detailed evaluation of several PLM solutions. Key selection factors were design productivity, assembly manipulation and functionality for drafting and ease of multi-CAD data management. Previously, Meerecompany did not have a systematic approach to managing data which caused delays and inefficiencies. The company recognized that the successful evolution from 2D to 3D CAD could not be achieved without efficient PDM due to the increased complexity.
“We were seeking 3D CAD to improve our design capability to meet our customer needs to market innovative products faster than our competitors,” said Jae Yun Yoo, vice president, Meerecompany. “To do that it was also critical to find a data management system that could manage our CAD data from separate systems efficiently. Solid Edge and Teamcenter Express met these requirements and as UGS Velocity Series products, they provide speed and ease of implementation, which adds further value.”
“Selection of UGS Velocity Series by Meerecompany reaffirms UGS’ commitment to help mid-sized manufacturing companies develop a PLM strategy,” said KR Kwon, vice president of Korea Operations, UGS. “The Velocity Series portfolio provides a digital design environment that fosters innovation through the implementation of preconfigured processes based on the industry’s best practices. This enables rapid deployment with a low cost of ownership.”
In order to help accelerate PLM capabilities amongst mid-market manufacturers in Asia Pacific, UGS formed the Velocity Series Consortium with HP and Intel. The Consortium is dedicated to the development of solutions and services helping manufacturers reduce costs and minimize barriers to innovation. For more information, visit vsconsortium.net.
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, manufacturing 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-size 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 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, FEMAP, NX, Solid Edge, Teamcenter, Transforming the process of innovation and Velocity Series 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 the expected benefits of the customer relationship, the successfulness of the implementation 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 loss or downsizing of customers, competition, international operations and exchange rate fluctuations, changes in pricing models, partnering strategy, 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.