UGS Terminates OEM Agreement with MSC.Software
UGS' offer results directly from its decision to terminate the OEM agreement between UGS and MSC.Software that allowed MSC.Software to bundle Femap with MSC.Nastran. As a result of UGS' decision to terminate the contract, MSC can no longer provide Femap inside MSC.Nastran for Windows nor offer upgrades.
UGS decided to terminate the contract due to MSC's consistent failure to deliver upgrades to customers on a timely basis. Users who take advantage of UGS' free software upgrade offer will receive Femap 9.1 and NX Nastran 4.0 immediately, and all future updates in a timely fashion. This offer enables Femap-based product users to protect their existing investment in Femap and increase productivity through the latest enhancements. Femap 9.1 contains significant enhancements in automation and solution accuracy. NX Nastran 4.0 offers new and unique analysis capabilities such as linear contact and a fast iterative solver.
"We can say hands-down that our partnership with UGS has driven our growth and profits to an all time high," said George Laird, Ph.D., P.E., chief technologist, Predictive Engineering. "Our ability to sell and support Femap and NX Nastran has been invaluable to reach that next level of client collaboration and facilitate our clients' progress toward wider use of analysis tools as they strive to bring their products to the marketplace on time and on budget."
Predictive Engineering is a new partner in UGS' Global Channel Program, focused on reselling digital simulation products. Resellers interested in joining UGS' channel program to support their customer base with the latest UGS(R) digital simulation products should call 1.800.498.5351 toll free or 1.314.264.8499.
The offer includes immediate support but is subject to the purchase of a 12-month maintenance agreement, which would commence after the expiration or termination of any current maintenance agreements. UGS also extends this offer to all users of Femap-based products with lapsed maintenance agreements.
This offer is available for a limited time. For full details, call 1.800.498.5351 (U.S.) or +1 314.264.8499 (international) or visit http://www.ugs.com/nastran4win.
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. For more information on UGS products and services, visit http://www.ugs.com.
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.
CONTACTS: Dora Smith 314-264-8480 Email Contact Susan Cinadr 513-576-3736 Email Contact
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