SDRC and Hendrick Motorsports Expand Relationship
CINCINNATI--(BW SportsWire)--July 30, 2001--SDRCHendrick Motorsports, One of NASCAR Winston Cup's Premier Teams,
Uses SDRC I-DEAS(R) For Winning Results; SDRC Automotive Delivers
Filed by Structural Dynamics Research Corporation pursuant to "Rule 14a-12" under the Securities Act of 1933
Subject Company: Structural Dynamics Research Corporation Commission File No.: 33-16541
SDRC today announced it has renewed and expanded the company's marketing alliance with Hendrick Motorsports, a leading NASCAR motor sports organization located in Harrisburg, North Carolina, with a five-year contract effective immediately. Hendrick's engineering team uses I-DEAS(R) software for design, analysis, and manufacturing requirements on the team's high-performance racecars. Hendrick sponsors three drivers in the NASCAR Winston Cup including, Terry Labonte, Jerry Nadeau, and Jeff Gordon.
"We have very clear objectives in our business," said Jim Wall, engineering group manager, Hendrick Motorsports. "We want to win races. A critical few seconds make a big difference on the track, and we're working daily to gain the slight edge needed to win races. I-DEAS provides the technology that enables us to design, test, and manufacture cars and engines -- in fact, we build over 700 engines each year. We've already gained significant improvements in our processes with I-DEAS, and we're pleased to be renewing our relationship with SDRC to further expand our use of this technology and our overall business results."
"Hendrick Motorsports has been a great partner, and we're looking forward to our expanded relationship with this virtual racing giant," said Max Utter, vice president of marketing, SDRC. "While driving experience and finesse are critical in the racing industry, the engine and overall car performance produce the final `report card' on race day. We're pleased that our technology is a cornerstone of Hendrick's success in the race industry, and we're looking forward to helping them `Get There Faster(R)'."
About Hendrick Motorsports -- www.hendrickmotorsports.com
Hendrick Motorsports supports a multi-car team in the Winston Cup Series with drivers Terry Labonte, Jerry Nadeau and Jeff Gordon. The team supports a 60-acre racing complex in Harrisburg, North Carolina, employing over 300 racing professionals.
About SDRC -- www.sdrc.com
SDRC (Structural Dynamics Research Corporation) provides complete software solutions for product design and collaborative product management. With headquarters in Cincinnati, Ohio, SDRC employs more than 2,500 people worldwide, with 64 offices in 18 countries throughout North America, Europe, and Asia/Pacific. For more information, contact SDRC at 1-800-848-7372.
Note to Editors: SDRC, I-DEAS, and Get There Faster are registered trademarks 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.