UGS Announces New Teamcenter Reporting and Analytics Software Offering to Support Decision Making and Control of PLM Processes

New Technology and Marketing Agreement with Eq Technologic Enables UGS to Market and Sell Eqube Software as Tightly Integrated Addition to Teamcenter PLM Portfolio

Monday, May 8, 2006, PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced it is offering a new solution for PLM reporting and analytics as an integral part of its Teamcenter® software portfolio. The new UGS® offering collects data from a variety of sources and presents the information as knowledge in the form of reports and graphs to support decision making and control of various PLM processes.

The new offering is the result of a marketing and technology agreement with eQ Technologic Inc., the US-based parent of eQ Technologic (India) Pvt. Ltd., that enables UGS to promote and sell the eQube business intelligence and analytics software product as a part of Teamcenter, the world’s most widely used PLM portfolio.
eQube creates “visibility infrastructure” for its customers that provides them with unprecedented visibility in their business processes for informed and timely decisions. eQube has allowed its global customers to dramatically leverage their investments in their Teamcenter (PLM) implementations.

“Teamcenter serves as the digital backbone for the majority of the world’s most sophisticated products, managing and supporting the vast amounts of data associated with their PLM process,” said Steve Bashada, vice president of Teamcenter Applications, UGS. “By tightly integrating the eQube software with Teamcenter we are enabling our customers worldwide to harness that data and turn it into knowledge with a proven solution that helps them control their PLM processes and promotes effective decision making.”

The new Teamcenter reporting and analytics capability works within the business rules and security model of Teamcenter to ensure access integrity. The product provides reporting and graphics that can be printed, exported, emailed or embedded in digital “dashboards” for rapid sharing of knowledge. The product’s advanced infrastructure will allow customers to combine the information in Teamcenter with other data sources to provide complex reporting and analysis for decision making and control of product development and after-sales service.

“eQ Technologic has implemented its eQube solution with UGS’ Teamcenter at several prominent aerospace and defense companies worldwide,” said Dinesh Khaladkar, President and CEO, eQ Technologic. “Our proven customer successes and strong business relationship with UGS serve as the foundation for the new marketing and technology agreement that enables a broader base of customers around the globe to benefit from the combined eQube and Teamcenter solution.”

About eQ Technologic
eQ Technologic, eQ, is a premier enterprise software products company. eQ works as a team / partner with its global customers to enable them in making informed decisions by providing unprecedented visibility in their business processes.

eQ’s flagship product platform, eQube, is an open standards compliant, highly scalable, reporting, ad-hoc reporting, and BI / Analytics product. eQube enables collaborative views of critical business process data for analytics resulting in informed and timely decisions. eQube has been very well received in the global PLM market place. Visit www.eq-technologic.com

About UGS
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 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 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 annual report on Form 10-K 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.

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