The MathWorks to Showcase FutureTruck Vehicle at Company Headquarters

  Natick-Based Company Hosts Automotive Student Engineering Design Team
                Representatives to Demonstrate FutureTruck

  Who:    The MathWorks, the world's leading developer of technical
         computing software for engineers and scientists in industry,
         government, and education - and corporate sponsor of FutureTruck.

  What:   FutureTruck Demonstration and Student-Led Presentation.

  Where:  The MathWorks Corporate Headquarters, Three Apple Hill Drive, off
         Route 9 (East) in Natick, Mass.

  When:   Thursday, August 21, 2003 at 12:30 p.m. EDT.

The MathWorks today announced that a student engineer from the Cornell University FutureTruck team will showcase the donated Ford Explorer that the team re-engineered into a hybrid electric vehicle designed to produce less environmental impact and 25% higher fuel economy. The Cornell vehicle competed in the FutureTruck competition that was sponsored by the United States Department of Energy, Ford, and GM, and received The MathWorks 2003 FutureTruck Modeling Award.

Interested parties are invited to attend the event to learn more about FutureTruck, and how student engineers are helping the major US automakers reach new frontiers in hybrid technology. As a four-time corporate sponsor of the event, The MathWorks donated a total educational value of $1,297,500, including cash, software donations, and staff time associated with judging the competition.

About FutureTruck

FutureTruck is a unique four-year engineering program that brings together the resources of industry, government, and academia in a cooperative effort to address important environmental and energy-related issues posed by the growing demand for SUVs. FutureTruck student teams are challenged to redesign their vehicle for lower emissions and 25 percent higher fuel economy. This unique competition demonstrates how industry, government, and academia can develop more energy-efficient and greener automotive technologies to improve the economy and the environment. For more information about this unique competition, visit www.futuretruck.org.

About The MathWorks

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 1000 people worldwide, with headquarters in Natick, Massachusetts. For additional information, visit www.mathworks.com.

MATLAB, Simulink, Stateflow. Handle Graphics, and Real-Time Workshop are registered trademarks, and TargetBox is a trademark of The MathWorks, Inc. Other product or brand names are trademarks or registered trademarks of their respective holders.