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Freudenberg-NOK Selects the Innovator Application Suite for Enterprise Wide Project Management across the Product Lifecycle

Project Innovator Module Set for Deployment Across All North American Operations

LAWRENCE, MASS. - April 7, 2003 - Aras Corporation, a leading enterprise Product Lifecycle Management (PLM) solution provider, announced today that Freudenberg-NOK of Plymouth, Mich. has selected the Innovator Application Suite's Project Innovator module for deployment across all North American facilities. Freudenberg-NOK, is known as a Technology Specialist for sealing components, vibration control products, and custom molded shapes for everything from heavy-duty machinery, office equipment, and appliances to aircraft and recreational watercraft.

The Innovator Application Suite provides discrete manufacturers with comprehensive PLM functionality that spans project and program management, design and development, tooling, supply chain sourcing, manufacturing, and Total Quality Management. With Innovator all product-related information can be directly associated and controlled online through an easy-to-use browser-based interface providing instant access to everyone with authorization. Innovator's true Internet architecture offers customers unparalleled flexibility for real-time customization and deployment that drives rapid results and dramatically reduces Total Cost of Ownership.

Freudenberg-NOK evaluated numerous enterprise-wide PLM project management solutions and held a comprehensive benchmark to complete its selection process. "After reviewing a variety of systems we felt that Project Innovator was clearly superior on many dimensions including functionality, flexibility, and Total Cost of Ownership," said Tom Benzel, Corporate Commodity Manager at Freudenberg-NOK. "Aras gives our management team a solution that will be both cost-effective and able to quickly adapt to any future changes in business requirements."

The Freudenberg-NOK implementation of Project Innovator will feature a phases & gates program management methodology that specifically meets the Advanced Product Quality Planning (APQP) automotive requirements.

"In an industry where quality, cost, and speed are critical to success, Freudenberg-NOK is a leader in the use of innovative program management techniques. Aras is proud to be recognized as the leading solution for APQP program management within a PLM context," said Peter Schroer, CEO and Founder of Aras. "We are pleased to establish this partnership with Freudenberg-NOK and look forward to continuing to develop the relationship."

About Freudenberg-NOK
Plymouth, Mich.-based Freudenberg-NOK is part of the Freudenberg and NOK Group Companies, which have total annual sales of nearly $7 billion. With global automotive sales of approximately $4 billion, the Freudenberg and NOK Group ranks among the 15 largest OEM automotive suppliers and is one of only eight in the top 100 that has global balance in each of the three major automotive markets - Asia, Europe and North America. Through a global network of facilities spanning 27 countries with some 23,000 automotive employees worldwide, the supplier group offers its automotive customers globally integrated products, including sealing packages for transmissions, engines, brakes, axles and steering, NVH (noise, vibration and harshness) components and packages, and all rubber, plastic and PTFE components for suspension, electrical and fuel systems. The Freudenberg and NOK Group also offers an extensive portfolio of precision-molded products for the aerospace, appliance, business machine, fluid power, marine, medical, off-highway equipment and recreational vehicle markets.

About Aras Corporation
Aras Corporation provides manufacturing and engineering companies with affordable, enterprise-class Product Lifecycle Management solutions that dramatically reduce Total Cost of Ownership and drive rapid results. The Innovator Application Suite enables real-time prototyping and deployment getting customers up and running fast. Innovator implements 5x faster and costs 5x less than conventional systems. Comprehensive capabilities address the unique requirements of mid-sized manufacturing operations and divisions of Fortune 2000 companies while set pricing and shared licenses make Innovator cost effective to own. Customers include Rolls-Royce Naval Marine, Fox Electronics, and the U.S. Army Arsenal. Aras is privately held company headquartered in Lawrence, Mass. For additional information call (978) 691-8900 or visit