Innovation and collaborative, synchronized program management for new programs
FOR RELEASE Wednesday, December 21, 2005
PLANO, Texasand SEOUL– UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced LS Cable’s Injection Molding Machine System Division selected Solid Edge® software, UGS’ industry-leading, value-based 3D computer-aided design (CAD) system for the mainstream PLM market, to evolve to 3D design and enhance overall productivity.
Solid Edge is the CAD component of the new UGS Velocity Series™ portfolio, the industry’s first comprehensive, preconfigured portfolio of digital product design, analysis and data management software for the PLM mid-market.
LS Cable licensed Solid Edge following a detailed evaluation and cited Solid Edge’s superior functionality compared to its existing solution and scalable product data management (PDM) capabilities that can evolve to a company wide PDM system in the future, as key decision making factors. LS Cable expects the new implementation to reduce engineering change orders and design error while at the same time enhancing overall productivity and efficiency.
“UGS was selected based on the company’s ability to provide a full suite of PLM products to suit LS Cable’s growing needs,” saidthe team manager of Mold Injection Team of LS Cable. “Solid Edge’s superior functionality and ability to evolve to 3D design will help LS Cable increase productivity and efficiency to improve our market share.”
“LS Cable’s selection of Solid Edge is proof of UGS’ ability to deliver best of breed open solution that are scalable to meet the growing needs of our customers,” said KR Kwon,countrymanager,UGS Korea. “Solid Edge and the UGS Velocity Series helps our customers take advantage of the benefits of PLM. This is a strong win for UGS in Korea and in the injection molding machinery 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, Solid Edge, Velocity Series 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. 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, 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.