The University of Maryland (UMD) and Siemens Corporation announced today the largest ever in-kind software grant from Siemens PLM Software. The in-kind grant has a commercial value of more than $750 million. Siemens’ product lifecycle management (PLM) software will provide UMD students and researchers with a uniquely valuable and sophisticated design and simulation tool for course work, research, academic projects and team-based competitions. This in-kind grant from Siemens gives students and faculty access to the same technology that companies around the world depend on every day to develop and manufacture innovative products in a wide variety of industries, including automotive, aerospace, biotechnology, machinery, shipbuilding, and high-tech electronics, among others. “We are very grateful to receive this valuable software from Siemens that will help our students develop innovative design capabilities and prepare them for advanced technology careers,” said UMD President Wallace Loh. UMD students and faculty will use the software in courses and research related to robotics design, bioengineering, space systems, product engineering, manufacturing, and systems life cycle analysis. Student groups will use the software in their efforts to compete in national and international competitions, including the Terps Racing Formula SAE and Baja teams, and teams participating in NASA’s X-Hab and Lunar Wheel Design competitions. “As product complexity continues to grow, students with PLM software experience are expected to be highly recruited. Global manufacturers need highly trained graduates to help them make smarter decisions that result in better products. This software grant enables UMD to integrate world-class PLM technology into its curriculum. The result enables students to be better prepared graduates to work in science, technology, engineering or math fields,” said Chuck Grindstaff, president and CEO, Siemens PLM Software. Access to the software will also help students to advance their professional careers after they complete their degrees. Graduates with Siemens’ PLM software training are highly sought after by corporate recruiters seeking candidates for advanced technology jobs.