FOR RELEASE Monday, August 28, 2006
PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced it has signed more than 30 contracts in the High Tech and Electronics (HTE) industry in the first half of 2006, with leading global companies including Ericsson, Hisense, Lam Research, LG Electronics, LS Cable and Samsung Electronics.
Success in the high tech and electronics industry is dependent on a company's ability to rapidly and profitably bring new and innovative products to market ahead of the competition. UGS' PLM software for HTE enhances collaboration, speed and efficiency of core business processes by transforming the process of innovation through digital product development, digital lifecycle management and digital manufacturing.
Samsung Electronics, a global leader in semiconductor, telecommunication, digital media and digital convergence technologies, uses UGS® CAx and Teamcenter® software in its global mechanical design department to enhance global collaboration and to bring better products to market faster.
"Samsung, a recognized leader in high tech electronics, is committed to delivering the highest quality, innovative products to our global customers. Samsung's next generation product development infrastructure will enable further improvement of process integration and knowledge re-use," said Sehyun Kim, Vice President, R&D Innovation Team, Corporate Technology Operations, Samsung Electronics Co. Ltd.
"Today's announcement reinforces UGS' PLM leadership in the High Tech and Electronics industry. The High Tech industry is at the forefront of today's business environment of fast-paced technological advancements. UGS understands the speed of technology evolution and that the lifespan of HTE products continues to shrink, making time to market the primary driving force for companies in this industry," said John Graham, executive vice president of Global Sales and Services, UGS. "UGS is uniquely positioned to provide the broadest set of solutions across the high tech lifecycle. UGS high tech solutions help our customers quickly and efficiently drive product development and enable better business decisions, reduce physical prototypes through digital simulation and manage outsourcing of design work and manufacturing in emerging markets."
UGS Leadership in High Tech and Electronics
UGS is a leading provider of software and services to the High Tech and Electronics industry. UGS® software is widely used at the leading High Tech and Electronics companies globally including the top semiconductor and mobile phone manufacturers, 4 of the top 5 consumer electronics OEMs, 3 of the top 5 semiconductor equipment manufacturers, and 8 of the top 10 contract manufacturers. UGS' solutions enable companies to develop innovative products that capture the imagination of consumers.
According to leading PLM industry analyst firm CIMdata, Inc. UGS is the leading provider of collaborative Product Definition management (cPDm) software to the High Tech and Electronics industry. CIMdata also recognized UGS as a PLM leader and as the vendor with the top market presence in the cPDm market segment – the most critical and fastest growing segment of the PLM industry.
UGS' product offerings for the HTE industry are developed using the knowledge and expertise gained from years of experience working with the world's leading HTE manufacturers, to address core business processes including environmental compliance management, program planning and control, manufacturing process management, digital simulation, component and vendor management, platform development and systems configuration and software product management.
UGS' HTE solutions are focused on the following initiatives that enable innovation across the entire product lifecycle:
- Speed new product development by integrating people and process through solutions that "drive" the process, enabling knowledge reuse and process efficiency to facilitate speed to market
- Leverage knowledge and intellectual property through the capture, automation and reuse of information
- Enable value chain synchronization by connecting stakeholders and information to facilitate partner selection and integration into the product development process.
- Facilitate regulatory compliance readiness for current and future environmental mandates by managing compliance as a lifecycle strategy from requirements through end of life
- Improve production efficiency by allowing customers to quickly ramp up to volume production with desirable yields
For more information about UGS in the High Tech and Electronics industry visit www.ugs.com/industries/hte.
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, Teamcenter, NX, Solid Edge 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, partnering strategy, 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.
Contact: Salim Rahimi UGS +1 972 987 3206 Email Contact