The MathWorks Expands Strategic Relationship with Toyota and Denso; Successful Pilot Program Leads to Long-Term Commitment to MathWorks Tools for Software Development in Automotive Production Programs

Business Wire, August 3, 2005

NATICK, Mass. -- The MathWorks today announced that it has signed a long-term support agreement with Toyota and DENSO, Toyota's primary automotive supplier, to support their automotive production programs. This agreement will enable both companies to continue their commitment to Model-Based Design and automatic embedded code generation technology, using MathWorks simulation, modeling, and code generation products in a number of their production software development programs, including powertrain control and other electronics control units.

As part of the agreement, Cybernet Systems, the MathWorks distributor in Japan, will provide local support services to Toyota and DENSO, in close cooperation with MathWorks support staff.

"Toyota and DENSO have been very satisfied by the support services provided by The MathWorks and Cybernet Systems during our recently completed Pilot Agreement," said Kazuhiko Hayashi, general manager, Toyota Electronics Engineering Division. "Toyota currently has various efforts underway to promote more efficient vehicle development. We believe that this agreement will contribute a great deal to these efforts and expect that our relationship with The MathWorks will continue for a long time into the future."

The expansion of the Toyota and DENSO relationship with The MathWorks is the result of a successful pilot program that included the use of MATLAB(R), Simulink(R), Stateflow(R), and Real-Time Workshop(R) in production programs. The new agreement enables Toyota and DENSO to commit to Model-Based Design in current and future production vehicle programs and to use production C code for complex, real-time embedded systems.

Toyota and DENSO plan a major commitment to MathWorks Release 14 tools throughout their advanced design and production design processes. As a result, the companies will be able to better leverage design models to address the challenges of vehicle-level modeling, controller design, system simulation, and production code generation. By expanding the application of Model-Based Design, Toyota and DENSO intend to gain a competitive edge in the industry by delivering new vehicle designs to the market faster and more cost effectively.

"Toyota and DENSO's commitment to Model-Based Design exemplifies the way in which MathWorks software is increasingly being adopted by automotive industry leaders around the world for product design and development," said Andy Grace, vice president of design automation development at The MathWorks. "We began our relationship with Toyota and DENSO over ten years ago in a collaborative effort to define the engineering tools needed by the automotive industry. After building widespread use in their R&D groups, we set the goal of effective deployment of MathWorks software in their production environment. Our strong working relationship with Toyota and DENSO has now enabled us to meet this goal. We are looking forward to Toyota's deployment of Release 14 and we plan to continue to improve our tools to address their future production needs."

About Toyota Motor Corporation

Toyota Motor Corporation, headquartered in Toyota, Aichi prefecture, Japan is the second largest automaker in the world and together with its subsidiaries produces a full range of model offerings from minivehicles to large trucks. Global sales of its Toyota and Lexus brands, combined with those of Daihatsu and Hino, totaled 6.78 million units in the CY2003(a). Besides its own 12 plants and 11 manufacturing subsidiaries and affiliates in Japan, Toyota has 51 manufacturing companies in 26 countries/locations, which produce Lexus- and Toyota-brand vehicles and components. As of March 2004, Toyota employs 264,400 people worldwide (on a consolidated basis), and markets vehicles in about 140 countries. Automotive business, including sales finance, accounts for more than 90% of the company's total sales, which came to a consolidated 17.29 trillion Yen in the fiscal year to March 2004.

About DENSO Corporation

DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. As of March 31, 2005, DENSO employs 104,000 people worldwide (on a consolidated basis), including Japan. Consolidated global sales for the fiscal year ended March 31, 2005 totaled US$26.2 billion.

About The MathWorks, Inc.

The MathWorks is the world's leading developer of technical computing software for engineers and scientists in industry, government, and education. With an extensive product set based on MATLAB and Simulink, The MathWorks provides software and services to solve challenging problems and accelerate innovation in automotive, aerospace, communications, financial services, biotechnology, electronics, instrumentation, process, and other industries.

The MathWorks was founded in 1984 and employs more than 1,100 people worldwide, with headquarters in Natick, Massachusetts. For additional information, visit www.mathworks.com.