Press Release
Fiat Group Extends Worldwide Corporate Agreement With MSC.Software To Improve Product Development with SimOffice and MSC.MasterKey
SANTA ANA, Calif. - April 13, 2005 - MSC.Software Corp. (OTC: MNSC), the leading global provider of simulation software and services today announced that Turin, Italy-based Fiat Group has signed a three year renewal of their worldwide corporate agreement with MSC.Software. With this corporate agreement, Fiat companies including FIAT Auto, Alfa Romeo, Ferrari, Maserati, Centro Ricerche Fiat , COMAU, IVECO, Case New Holland, Irisbus, ELASIS and Magneti Marelli will extend and promote the use of MSC.Software products in all of their product line engineering centers, which includes compact cars, sports cars, Formula 1 racing cars, trucks, buses and automotive components. Fiat's investment includes all of the products within MSC.Software's SimOffice software portfolio and is enabled through the MSC.MasterKey Licensing System, which gives Fiat engineers flexible access to MSC.Software's powerful simulation software portfolio.
"We are fully committed to providing software and service offerings which are highly aligned with the needs of strategic customers such as the FIAT Group of companies", said Amir Mobayen, Vice President, EMEA Operations, MSC.Software. "This worldwide extension in the use of SimOffice products via the MasterKey licencing system will provide companies in the FIAT Group with a unique depth and flexibility in their simulation capability, and will ensure their continued advantage in a competitive global market."
About the FIAT Group
Fiat is a huge industrial Group with more than one hundred years' experience in the motor vehicle field, designing, manufacturing and marketing cars, trucks, tractors, agricultural machinery, construction equipment, motor vehicle engines and components, and production systems.
The Group's manufacturing and service activities are carried out by Operating Sectors. The three major ones, which account for 70 percent of turnover, are Fiat Auto (cars), CNH Global (agricultural and construction machinery) and Iveco (commercial vehicles). In addition to the latter, the Ferrari and Maserati Group (luxury sports cars), Magneti Marelli (components), Comau (production systems), Teksid (metallurgical products), Business Solutions (services) and Itedi (publishing and communication). For more information please visit http://www.fiatgroup.com/
About MSC.Software Corporation
MSC.Software (OTC: MNSC) is the leading global provider of simulation software and services, that helps 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 1400 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Catherine Meek Media Relations MSC.Software 714.445.5647 catherine.meek@mscsoftware.com |
