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MKS Announces Enterprise-Wide License Agreement

Waterloo, ON – March 7, 2008: MKS Inc. (TSX:MKX) announced today that it has entered into an enterprise wide license agreement with an existing customer in the automotive industry, pursuant to which MKS will continue to provide MKS Integrity for use in the customer’s global embedded systems software engineering operations. Under the terms of the three-year agreement, MKS will expand deployment of its products in the customer’s existing installed base. MKS will receive a license fee of approximately USD $5 million together with additional annual maintenance fees over the term of the agreement.

Waterloo, ON – March 7, 2008: MKS Inc. (TSX:MKX) announced today that it has entered into an enterprise wide license agreement with an existing customer in the automotive industry, pursuant to which MKS will continue to provide MKS Integrity for use in the customer’s global embedded systems software engineering operations. Under the terms of the three-year agreement, MKS will expand deployment of its products in the customer’s existing installed base. MKS will receive a license fee of approximately USD $5 million together with additional annual maintenance fees over the term of the agreement.

About MKS

MKS is the rapidly growing thought leader in application lifecycle management, which enables software engineering and IT organization to seamlessly manage their worldwide software development activities. With its flagship product, MKS Integrity, MKS offers support for all software development activities through a single enterprise application, resulting in better global collaboration and higher productivity. MKS supports customers worldwide with offices across North America, Europe and Asia. For more information about MKS, visit our Web site at http://www.mks.com.

About MKS Integrity

MKS Integrity is an enterprise application lifecycle management platform that coordinates and manages all activities and artifacts associated with software development including Requirements Management, System Design, Software Configuration Management, Change Management, Test Management, Defect Management, Release Management and Portfolio Management for custom built and packaged applications

MKS Integrity provides consistent capabilities across all disciplines of the application lifecycle by defining hierarchies, relationships and change management processes for numerous user defined application artifacts. Unlike other ALM offerings that have been assembled by acquisition, our unified platform provides enterprise class scalability and multi-platform capability to support large scale software reuse initiatives, workflow-based collaboration and rich mining of application activity data to deliver higher team productivity, visibility and compliance for software engineering and IT organizations.

Copyright © 2008 MKS Inc. MKS and MKS Toolkit are trademarks or registered trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company’s current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Although the Company believes the expectations represented by such forward looking statements are reasonable, there can be no assurance that those expectations will prove to be correct. The Company does not intend and does not assume any obligation to update these forward-looking statements.

US and Canada Media Contact:
Email: pr@mks.com

 

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