Seeks to Further Increase Simulation Capability and Productivity
SANTA ANA, Calif. - February 26, 2009 MSC.Software (NASDAQ: MSCS), a leading global provider of enterprise simulation solutions, including simulation software and services, today announced that Jaguar Land Rover has selected the company's SimEnterprise solutions including MD and SimManager, as well as core engineering products including MSC Nastran and Adams, to optimize their simulation processes. This deal provides Jaguar Land Rover with the core engineering tools for their transition from Ford as well as the foundation for simulating more effectively and efficiently and attaining higher levels of productivity. Under the new agreement, Jaguar Land Rover will implement MSC.Software's solutions at their two main design facilities located in Whitley and Gaydon, as well as at several other production facilities across the UK.
Jaguar Land Rover has been a customer of MSC.Software's core products for many years and is pleased to continue this long association. At the same time that the automotive market is becoming increasingly competitive, premium luxury vehicles are becoming increasingly complex and loaded with new technology. Jaguar Land Rover is, therefore, progressing a strategy to maximize their use of simulation in the development of its vehicles to ensure these highly complex products can be delivered robustly, with the highest quality and in the most efficient way. The deal with MSC.Software enables the company to utilize MSC.Software's Multi Discipline and SimManager applications to further enhance the company's simulation capability and optimize the simulation process, thus helping Jaguar Land Rover achieve its new product development goals.
"It's very exciting to see trends occurring with multiple major automakers taking the path forward with our SimEnterprise solutions," said Bill Weyand, Chief Executive Officer. "Business is extremely competitive for automotive manufacturers and it is a testament to our solutions ROI value when companies see the success of enterprise simulation installations and recognize how their businesses can also be making better products faster and at a lower cost by adopting our solutions."
About MSC.Software Corporation
MSC.Software (NASDAQ: MSCS) is a global leader of enterprise simulation solutions, that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1000 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
Safe Harbor Language
This press release contains forward-looking statements, including all statements relating to the features, benefits, capabilities and performance of MSC.Software products. These statements are subject to risks and uncertainties that could cause actual results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, changes in technology, the end-user computing and analysis environment, implementation and support that meet evolving customer requirements, general industry trends and the impact of competitive products.
Furthermore, information provided herein, which is not historical in nature, are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
The MSC.Software corporate logo, Adams, Dytran, Easy5, Laminate Modeler, Marc, MD Adams, MD Nastran, MD Patran, Mentat, MSC, MSC MasterKey, MSC Nastran, Mvision, Patran, SimDesigner, SimEnterprise, SimManager, SimOffice, SimTemplate, SimXpert and Sofy are trademarks or registered trademarks of the MSC.Software Corporation in the United States and/or other countries. NASTRAN is a registered trademark of NASA. All other trademarks belong to their respective owners.