Press Release
MSC.Software Signs a Source Code License and Distribution Agreement with nCode
SANTA ANA, Calif. - May 2, 2007 MSC.Software Corporation (NASDAQ: MSCS), the leading global provider of enterprise simulation solutions including simulation software and services, today announced a source code license and distribution agreement with nCode International, a leading provider of computer-aided analysis (CAE) technologies and services focused on product life performance and durability. This agreement enables MSC.Software to better embed durability technology throughout its product offerings including its SimEnterprise suite.
Because manufacturers face tremendous pressure to bring products to market under increasing time constraints, safety and predictive failure have become mission critical. As two of the leaders in enabling technology that accurately simulate and predict the fatigue life of mechanical products, systems and components, MSC.Software and nCode have enjoyed a strong working relationship focusing on durability for more than a decade. This next level of the relationship will enable customers to more quickly embrace and apply durability testing as a standard part of the product innovation process.
"As the leader in enterprise simulation, MSC.Software takes this step to better serve our customer needs, helping drive more innovative products to market faster, and with higher levels of confidence in safety and durability," said Doug Peterson, senior vice president of product development for MSC.Software. "By streamlining the users access to these capabilities, we enhance process performance and the ability to more broadly expose this technology throughout our product suite. We look forward to delivering this technology as an embedded part of forthcoming releases."
"nCode is pleased to broaden the reach of its durability technology through MSC.Software's embedded durability solutions which increases the ability of manufacturers to accurately predict product life performance and durability," said Brian Dabell, chief executive officer, nCode. "By embedding this code within the SimEnterprise suite, companies will now be able to more efficiently and seamlessly share durability results and information as part of their enterprise simulation."
"The acquisition of fatigue and durability technology allows MSC.Software to broaden its multidiscipline offering while expanding overall end user capability through SimEnterprise for additional value to our customers," said Glenn Wienkoop, president and chief operating officer, MSC.Software. "With MSC.Software's unique SOA, SimEnterprise is rapidly evolving as the one-stop shopping source for CAE."
About nCode International
nCode is a leading global provider of durability solutions for test & measurement, fleet monitoring, and product design. nCode offers a unique combination of measurement instruments, software, and services that help customers eliminate unexpected failures by measuring and converting durability, performance and operational data into information from which intelligent business decisions can be made that improve Product Life Performance (PLP) and reduce costs. Established in 1982, nCode has direct offices in Europe, North America, and Asia. For more information about nCode, please visit www.ncode.com.
About MSC.Software Corporation
MSC.Software Corporation (NASDAQ: MSCS) is a leading global provider of enterprise simulation solutions, including simulation software and services 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 and services. MSC.Software employs more than 1100 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, SimEnterprise and MSC are trademarks or registered trademarks of MSC.Software Corporation in the USA and/or other countries. NASTRAN is a registered trademark of NASA. All other trademarks belong to their respective owners.
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Jennifer Brannon Senior Manager, Public Relations MSC.Software (714) 445-3119 jennifer.brannon@mscsoftware.com |
