PLANO, Texas and SEOUL, Korea -- UGS PLM Solutions, the product lifecycle manage ment (PLM) subsidiary of EDS, today announced GM Daewoo Auto&Technology (GM Daew oo) has selected UGS PLM Solutions software and services as its corporate standard for global product development throughout GM Daewoo and its entire supp ly chain. The agreement, terms of which were not disclosed, calls for the acquisition of 6 50 seats of UGS PLM Solutions products including Teamcenter as the collabo rative foundation for the global GM Daewoo digital product development environme nt and NX as the product design software to capture and reuse knowledge, and dri ve new product innovation. These solutions are designed to hasten new automotiv e products to market while fulfilling GM Daewoos goal of continual quality improvement at reduced costs. UGS PLM Solutions has demonstrated an in-depth understanding of the automo tive community and the advanced processes GM Daewoo has outlined, said the general manager of IT Systems and Deployment of GM Daewoo. We consider th e fully integrated PLM solution we have mutually configured as a critical compon ent of our future success. Our deployment plans will provide comprehensive int egration with our supply chain, which includes approximately 400 companies, and will introduce UGS PLM Solutions products into our shared programs, signif icantly enhancing our overall collaboration while reducing time to market, lower ing costs, and meeting the quality expectations of our customers. "UGS PLM Solutions Teamcenter has served as the de facto standard for coll aboration and related data management in the automotive market, said Tom B rady, vice president, Automotive, UGS PLM Solutions Asia Pacific. We took a major step forward with the GM Daewoo selection of our solutions as the backbo ne technology for their digital product development environment. Their endorseme nt represents a testimonial to our ability to effectively support, service, and deliver to the rigorous requirements o f the automotive community." GM Daewoo joins our impressive list of automotive OEMs that have standardi zed on our solutions, said Tony Affuso, president and CEO of UGS PLM Solut ions. We continue to aggressively expand our penetration into the automoti ve market. Today, we have more than 155,000 seats in production at the world 46;s top 25 automotive original equipment manufacturers -- by far more than any other provider.
About UGS PLM Solutions
UGS PLM Solutions, a leader in product data management, collaboration and produc t design software and services with 41,000 clients and more than 2.6 million sea ts of technology operating in the market, is the product lifecycle management (P LM) subsidiary of EDS. The company works collaboratively with its clients to cr eate solutions enabling them to transform their process of innovation and thus b egin to capture the promise of PLM. The integration of the former operations of companies including Structural Dynamics Research Corporation (SDRC), Engineerin g Animation Inc. (EAI) and UGS, UGS PLM Solutions has created some of the leadin g design, collaboration and product data management technologies that ultimately formed the foundation of the PLM industry. Today, the company is a family of o ne, building on three decades of leadership in continuing to be a pioneer in PLM . For more information on UGS PLM Solutions products and services, visit
EDS, the worlds most experienced outsourcing services company, delivers su perior returns to clients through its cost-effective, high-value services model. EDS core portfolio comprises information-technology and business process outsourcing services, as well as information-technology transformation services. EDS two complementary, subsidiary businesses are A.T. Kearney, one of the w orlds leading high-value management consultancies, and UGS PLM Solutions, a leader in product data management, collaboration and product design software. With 2002 revenue of $21.5 billion, EDS is ranked 80th on the
. The companys stock is traded on the New York (NYSE: EDS) and London stoc k exchanges. Note: Teamcenter and Unigraphics are registered trademark of UGS PLM Solutions Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective ho lders. The statements in this news release that are not historical statements, includin g statements regarding the amount of new contract values, are forward-looking st atements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS’ cont rol, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS’ most recent Form 10-Q. EDS disclaims any intention or obligation to update or revise any for ward-looking statements, whether as a result of new information, future events o r otherwise.