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FOR RELEASE Friday, February 24, 2006
PLANO, Texas – UGS Corp., a leading provider of product lifecycle management (PLM) products and services, today announced UGS-sponsored Hendrick Motorsports, Joe Gibbs Racing and KB Racing -- whose cars are developed with the help of UGS® digital product development technology -- started the 2006 race season in victory lane.
Hendrick Motorsports driver Jimmie Johnson claimed his first victory in the “Great American Race” by winning the 48th annual NASCAR® NEXTEL Cup Series’ Daytona 500 and giving the team its sixth Daytona 500 victory. Jeff Gordon, also a Hendrick Motorsports driver and a three-time Daytona 500 winner and a four-time NEXTEL Cup Champion, won the Gatorade Duel at Daytona leading up to the Daytona 500.
Joe Gibbs Racing and driver Denny Hamlin won the Budweiser Shootout, the traditional kickoff to the NASCAR NEXTEL Cup season, held the week before the Daytona 500. The field for the 70-lap non-point race consists of all of the pole winners from the previous season as well as past winners of this race. Hamlin, aided by teammate Tony Stewart, the 2005 NASCAR® NEXTEL Cup Champion, became the first rookie to win the Budweiser Shootout in its 28-year history.
KB Racing driver Greg Anderson, three-time and reigning NHRA Pro Stock world champion, won the CARQUEST Auto Parts NHRA Winternationals. Anderson, the 2005 Speed Channel Driver of the Year, won his 36th race of the last 70 national events and broke the top speed record at the Auto Club Raceway with a 6.665 at 207.75 mph.
“UGS congratulates Hendrick Motorsports, Joe Gibbs Racing and KB Racing on a great start to the 2006 race season. We continue to be committed to providing the teams with leading technology to keep them ahead of the competition,” said Dave Shirk, executive vice president of Global Marketing for UGS. “UGS’ mantra is to never let a customer fail and we strive to help every UGS technology user drive into victory lane, on the track or in the board room.”
A Tradition of Technology and Tracks
UGS has a long tradition providing NX™ software, UGS’ comprehensive digital product development solution, through racing sponsorships. Joe Gibbs Racing, winner of the 2005 NASCAR® NEXTEL Cup Championship, Hendrick Motorsports (participant in the NASCAR® NEXTEL Cup Series) and Andretti Green Racing, winner of the Indy Racing League® (IRL) IndyCar® Series Championship two years running, 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 three 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 solutions.
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 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. MSC.Nastran is a trademark of MSC.Software Corporation. Nastran is a registered mark of NASA. Windows is a registered mark of Microsoft Corporation or its subsidiaries in the US and 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 and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its registration statement on Form S-4 most recently 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.