SDRC and Joe Gibbs Racing Expand Winning Relationship
Reigning NASCAR Winston Cup Championship team uses SDRC I-DEAS® to fuel their competitiveness; SDRC Automotive Delivers
CINCINNATI-July 10, 2001-SDRC (Nasdaq: SDRC) today announced it has renewed and expanded the company's marketing alliance with Joe Gibbs Racing, a leading NASCAR motor sports organization located in Charlotte, North Carolina, with a five-year contract effective immediately. The Gibbs' engineering team uses I-DEAS® on Hewlett-Packard Company's workstation platform for design, analysis, and manufacturing requirements on the team's high-performance racecars. The reigning NASCAR Winston Cup Championship team, Gibbs sponsors two drivers, Tony Stewart and Bobby Labonte, in the NASCAR series, both of whom are in the top ten of the current race standings.
"I-DEAS has saved us time and money while helping us streamline our engineering processes, enabling us to achieve results that translate directly into better racing machines," said Mark Bringle, CNC manager, Joe Gibbs Racing. "The software is a complete suite of tools that provides us capabilities from design all the way through manufacturing. While we've already achieved a lot with the software, we're just scratching the surface of what the I-DEAS system can provide for us. Every day we find a new way to gain efficiencies in our engineering process, but even more importantly, to gain those milliseconds that can make the difference between winning and losing on the track."
"SDRC is pleased to expand this important marketing relationship with Gibbs," said Max Utter, vice president of marketing, SDRC. "Every industry involved in manufacturing recognizes the critical importance of digitized product design and manufacturing to their business. Joe Gibbs Racing is no exception. They understand that to 'Get There Faster®' means much more than driving across the finish line - it starts long before race day. I-DEAS is a key component of their racing strategy, and they're looking at ways to incorporate other SDRC products into their process, as well. It's a win-win relationship for both companies."
About Joe Gibbs Racing - http://www.joegibbsracing.com
Note to Editors: SDRC and I-DEAS are registered trademarks and Get There Faster is a trademark of Structural Dynamics Research Corporation. All other trademarks or registered trademarks belong to their respective holders.
Additional Information and Where to Find It: It is expected that SDRC will file a proxy statement with the SEC in connection with the Merger, and that SDRC will mail a Proxy Statement to its shareholders containing information about the Merger. Investors and security holders are urged to read the Proxy Statement carefully when it is available. The Proxy Statement will contain important information about SDRC, EDS, the Merger, the persons soliciting proxies relating to the Merger, their interests in the Merger and related matters. Investors and security holders will be able to obtain free copies of these documents through the website maintained by the SEC at http://www.sec.gov. Free copies of the Proxy Statement and these other documents may also be obtained from SDRC by directing a request through the Investors Relations portion of SDRC's website at http://www.SDRC.com or by mail to SDRC, 2000 Eastman Drive, Milford, Ohio 45150, attention: Investor Relations, telephone: (513) 576-2400.
In addition to the Proxy Statement, SDRC and EDS file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information filed by SDRC or EDS at the SEC public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the SEC's other public reference rooms in New York, New York and Chicago, Illinois. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. SDRC's and EDS' filings with the SEC are also available to the public from commercial document-retrieval services and at the Web site maintained by the SEC at http://www.sec.gov.
Participants in Solicitation: SDRC, its directors, executive officers and certain other members of management and employees may be soliciting proxies from SDRC shareholders in favor of the Merger. Information concerning the participants in the solicitation is set forth in a Current Report on Form 8-K filed by SDRC on May 24, 2001. Cautionary Note Regarding Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties which could cause the actual results to differ materially from those projected, including the timely availability and acceptance of new products, global economic uncertainties, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the Company's most recent reports on Forms 10-K and 10-Q. In addition, the completion of the merger and related transactions with EDS is subject to the satisfaction or waiver of customary conditions that involve future developments. ###
@ 2001 KFKI ISYS Informatikai Kft.