Team Penske and Siemens, a global provider of product lifecycle management (PLM) software and services, have entered into a new technical partnership.

Under the multi-year agreement, Siemens will help enhance Team Penske’s performance with full access to a wide variety of software products to enable advanced digital design and simulations. Team Penske race teams will utilize Siemens’ software across their computer-aided design (CAD), engineering, simulation and machining platforms to create a digital twin of their race cars, which can help engineers simulate engine configurations, innovate new parts and predict race results in real-time.

Siemens’ PLM tools allow Team Penske to keep large amounts of data organized and accessible for review by anyone within the team. It also enables engineers to iterate through design concepts with the digital twin to arrive at near-optimum solutions within a high-intensity, short timeframe environment.

Siemens’ PLM tools are also said to allow Team Penske to analyze thousands of electronic data streams full of on-track performance information, and apply changes to the race car’s digital twin. These changes are then reviewed for performance and durability in a virtual environment, which allows low-cost, high fidelity simulation of the results.

The partnership will also include Siemens as an associate sponsor on the Team Penske cars competing in the Monster Energy NASCAR Cup Series, the NASCAR XFINITY Series, the Verizon IndyCar Series and the Virgin Australia Supercars Championship. Siemens branding will be featured on all Team Penske Indy cars and on the uniforms worn by Team Penske drivers and teams competing in NASCAR.