SANTA ANA, Calif., Dec. 3, 2008 (GLOBE NEWSWIRE) -- MSC.Software Corp. (Nasdaq:MSCS), the leading global provider of enterprise simulation solutions, including simulation software and services, today announced a new license and distribution agreement with FEV Motorentechnik GmbH in Aachen, Germany. Through this agreement, FEV will continue developing the common ADAMS/Engine technology, and leverage their automotive marketplace expertise to make product enhancements using their technology. FEV will be the provider of new ADAMS based Engine/Powertrain software products under the new brand: FEV Virtual Engine Powered by ADAMS(tm).
FEV has a leadership position in the engine and powertrain technology marketplace that makes it ideally suited to grow the use of the ADAMS/Engine technology in automotive and other related industries. FEV is now licensed to develop, market, distribute, and support all MSC Software's engine modules worldwide. "MSC.Software is proud to partner with FEV, the world leader in engine and powertrain engineering to bring best-in-class multi-body dynamics technology and real-world engine/powertrain domain knowledge to the market," said Reza Sadeghi, chief technology officer, MSC.Software. "Our motion simulation technology is world-class, and when combined with FEV's deep expertise in real-world engineering we expect even greater accuracy, reliability, and performance in simulating engine performance."
"The distribution of FEV Virtual Engine is a consequent step to expand our business in terms of offering complete solutions to our customers. In addition to our engineering services, we can now also offer simulation tools and enable more efficient CAE collaboration with our customers. MSC's roadmap of multi-disciplinary simulation software is the perfect foundation for this solution," said Professor Stefan Pischinger, President & CEO of FEV.
About MSC.Software Corporation
MSC.Software (Nasdaq:MSCS) is the 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 1100 people in 23 countries. For additional information about MSC Software's products and services, please visit www.mscsoftware.com.
About FEV Motorentechnik GmbH
The FEV Group is an internationally recognized powertrain and vehicle engineering company that supplies the global transportation industry. FEV offers a complete range of engineering services, providing support across the globe to customers in the design, analysis, prototyping, powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fueled powertrains. FEV also designs, develops and prototypes advanced vehicle / powertrain electronic control systems and hybrid-electric engine concepts that address future emission and fuel economy standards. The FEV Test Systems division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 1,800 highly skilled specialists at advanced technical centers on three continents. For additional information about FEV's products and services, please visit: www.fev.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.
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