FOR RELEASE Friday, March 16, 2007
PLANO, Texas – UGS Corp., a leading provider of product lifecycle management (PLM) products and services, announced UGS-sponsored racing team Hendrick Motorsports – whose cars are developed with the help of UGS® PLM technology – won the UAW-DaimlerChrysler 400 at Las Vegas Motor Speedway and seized its 150th NASCAR® Nextel Cup Series win.
Hendrick Motorsports drivers Jimmie Johnson, the 2006 NEXTEL Cup champion, and Jeff Gordon, a four-time NEXTEL Cup champion, finished 1-2. This was Johnson’s third straight win at the Las Vegas Motor Speedway.
Since 1984, Hendrick Motorsports has garnered six NASCAR NEXTEL Cup Series (formerly Winston Cup) championships, three NASCAR Craftsman Truck Series titles and one NASCAR Busch Series crown, making it one of stock-car racing’s premier organizations. Rick Hendrick is just the second team owner in NASCAR’s modern era to earn 150 Cup Series victories.
“UGS congratulates Hendrick Motorsports and Jimmie Johnson on this milestone win,” said Dave Shirk, executive vice president of Global Marketing for UGS. “Winning 150 races in the highly competitive NASCAR NEXTEL Cup Series requires unsurpassed consistency and commitment to excellence, qualities which are at the core of Hendrick Motorsports and UGS. UGS is proud of our relationship with the racing teams and is pleased to know that our solutions help the teams succeed.”
UGS technology helps Hendrick Motorsports (HMS) maintain a competitive advantage over the competition. HMS uses NX® software, UGS’ comprehensive digital product development solution, to evolve engine and chassis design to continually enhance efficiencies within the engineering department. HMS also uses Teamcenter® software, UGS’ digital lifecycle management solution, as its product data management (PDM) platform. Teamcenter enables HMS to harness the power information consolidated from the entire organization – this includes data from computer-aided design (CAD) models, computer-aided manufacturing (CAM) programs, digital simulation results, engine dynamometer, chassis dynamometer, wind-tunnel tests, track test results and marketing and licensing materials – everything that goes into developing winning engines and cars. Teamcenter gives HMS secure anytime, anyplace access to data - from the track, the shop or on the road - to create and test new ideas and car configurations to rapidly solve problems and win races.
A Tradition of Technology and Tracks
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. Hendrick Motorsports, winner of the 2006 NASCAR NEXTEL Cup Championship; Joe Gibbs Racing, winner of the 2005 NASCAR NEXTEL Cup Championship; Roush Fenway Racing, winner of the 2003 and 2004 NASCAR NEXTEL Cup Championship; and Andretti Green Racing, winner of the 2004 and 2005 Indy Racing League® (IRL) IndyCar® Series Championship;, 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 four 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 4.3 million licensed seats and 47,000 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 expected benefits of the products, 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, partnering strategy, major design errors or security flaws 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.