FOR RELEASE Friday, July 28, 2006
PLANO, Texas – UGS Corp., a leading provider of product lifecycle management (PLM) products and services, today announced UGS-sponsored rookie driver Denny Hamlin and Joe Gibbs Racing – whose cars are developed with the help of UGS® PLM technology – added the Pennsylvania 500 win to his Pocono 500 win on June 11, to sweep the two NASCAR® Nextel Cup Series races this year at Pocono Raceway. This win marks the fifth consecutive win by UGS sponsored racing teams.
Earlier this year 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 became the first rookie to win the Budweiser Shootout in its 28-year history.
UGS last week announced that Hendrick Motorsports driver Kyle Busch and Jeff Gordon, and Joe Gibbs Racing Driver Tony Stewart combined to win the previous four NASCAR NEXTEL Cup Series races (see announcement www.ugs.com/about_us/press/press.shtml?id=4864).
“UGS congratulates Joe Gibbs Racing and driver Denny Hamlin on the win and the sweep at Pocono Raceway, we wish the teams good luck as the Chase for the Championship nears,” said Dave Shirk, executive vice president of Global Marketing for UGS. “We are proud of our relationship with the racing teams and along with our customers are pleased to know that our solutions help the teams deliver wins to continue to stay on top of the pack and go for the championship.”
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. 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 solution.
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, 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 the expected benefits of the sponsorship, 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, changes in pricing models, and intellectual property. UGS has included a discussion of these and other pertinent risk factors in its annual report on Form 10-K 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.