$1.4 Million Order In Software and Services from Mechanical Dynamics
20 April 2000
Two Leading Automotive Manufacturers Order $1.4 Million In Software and Services from Mechanical Dynamics
ANN ARBOR, Mich., April 20 Mechanical Dynamics, Inc.
(Nasdaq: MDII) announced today that two leading automotive manufacturers
placed orders for software and service totaling $1.4 million during its first
quarter ended March 31, 2000.
One of the orders came from a third Japanese automaker (in addition to
Nissan and Toyota, named in press releases issued yesterday) which has used
ADAMS(R) in vehicle design for several years. ADAMS is Mechanical Dynamics'
market-leading functional virtual prototyping simulation software. During the
quarter, the customer purchased $631,000 in software and $200,000 in
consulting services on projects ranging from power steering and transmission
design to suspension optimization. In addition, a U.S.-based automaker
ordered $583,000 in ADAMS software for use at its proving grounds and in truck
design.
"The continuing commitment of the world's leading automakers to ADAMS
underscores the competitive advantages functional virtual prototyping brings
to automotive design and development, and Mechanical Dynamics' expertise in
this area," said Robert R. Ryan, president and chief operating officer of
Mechanical Dynamics. "As we work toward establishing our Functional Digital
Car as the standard for system-level vehicle simulation, these manufacturers
will be in the forefront of this new technological advance, reducing
development costs, managing design risks, and getting to market faster with
world-class vehicles."
ADAMS(R)/Car, a specialized simulation environment for vehicle
development, is a key component in Mechanical Dynamics' Functional Digital
Car(TM) concept, which allows simulation of a complete vehicle including
chassis, engine, driveline, and body. In addition to providing answers on how
the overall system and its components move, the Functional Digital Car gives
users an understanding of how that movement affects packaging, comfort,
vibration, noise, and component durability.
Mechanical Dynamics pioneered the field of mechanical system simulation
with its market-leading ADAMS(R) software, and remains committed to extending
the capabilities of this technology to benefit manufacturers in every industry
worldwide. Engineering teams use ADAMS to build and test functional virtual
prototypes of their complex mechanical system designs. Mechanical Dynamics
also offers extensive implementation services, including consulting and
training. In this way, the company partners with its customers to help reduce
the time, costs, and risks of the product development process and meet the
"Smarter to Market(TM)" challenge.
Except for historical information contained herein, some matters discussed
in this news release constitute forward-looking statements which involve risks
and uncertainties that could cause actual results to differ materially from
those projected. These include possible delays in developing, completing, or
shipping new or enhanced products, as well as other risks or uncertainties
that are detailed from time to time in reports filed by Mechanical Dynamics,
Inc. with the Securities and Exchange Commission, including Mechanical
Dynamics, Inc.'s registration statement on Form S-1 and related prospectus
dated May 14, 1996 and the "Risk Factors" described therein.
Additional information about Mechanical Dynamics can be obtained by
writing to the company at 2301 Commonwealth Boulevard, Ann Arbor, Michigan
48105. Phone: 734-994-3800. Fax: 734-994-6418. E-mail: info@adams.com .
World Wide Web: http://www.adams.com
ADAMS and the Mechanical Dynamics logo are registered trademarks of
Mechanical Dynamics, Inc. All other company, brand, or product names are or
may be trademarks of their respective holders.