ADVIK Hi-Tech Leverages PTC(R) Pro/ENGINEER(R) To Speed Entry Into Four-Wheeler Auto-Parts Market.Transition to 3D CAD, use of virtual prototyping reduce product development cycle NEEDHAM, Mass. -- PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (Nasdaq: PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), the Product Development Company[R], today announced that ADVIK Hi-Tech Private Limited, a leading Indian auto components manufacturer, has standardized on Pro/ENGINEER([R])to help transform its product development process and expand its operations into new markets. Pro/ENGINEER, PTC's integrated 3D CAD/CAM/CAE software, helps companies develop detailed, intuitive and realistic digital product representations. Headquartered in Pune, India, ADVIK is a supplier of two-wheeler automotive parts such as tensioners to renowned worldwide brands such as Suzuki, Honda, Yamaha, Bajaj and Hero Honda Hero Honda Motors Ltd is the World's largest manufacturer of motorcycles (by quantity). Hero Honda is a 50:50 joint venture that began in 1984 between the Hero group of India and Honda from Japan. . Prior to its selection of Pro/ENGINEER, ADVIK relied on a two-dimensional CAD system for product development. Because they were restricted to viewing designs in 2D, engineers were unable to effectively analyze key design elements such as volume, surface area and mass. As a result, design errors were often not identified until the physical prototype was created causing rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. and development delays. Constrained by the limitations of its 2D CAD system, ADVIK chose to transition to a 3D solid modeling solution to support its ambitious growth initiatives into the four-wheeler market. Pro/ENGINEER provided ADVIK the powerful capabilities it needed to strengthen its development process, reduce errors and shorten time-to-market. Using Pro/ENGINEER, development of a die-casting tool has been reduced by 25 % from 60 days to 45 days. Further, the ability to identify and correct errors early in the design process has helped improve product quality and increase the overall efficiency of the company's product development process. "Pro/ENGINEER has helped ADVIK meet the extremely high quality standards that our customers demand, while reducing design cycle time and managing increasing design complexity," said Aditya Bhartia MD ADVIK Hi-Tech. "As a result of these efficiencies, we can rapidly scale our product development to support the requirements of the new four-wheeler market, which gives ADVIK a competitive advantage." "The automotive sector is becoming more competitive globally, causing increased pressure on the supply chain. To be successful in this environment, Indian companies This is a list of major companies based in India. Please note that the list is highly incomplete and does not have every company of all sizes. More information about the companies can be found in the links to the company articles. A
About ADVIK Hi-Tech Private Limited Headquartered in Pune, ADVIK Hi-Tech Private Limited is a leading manufacturer of Auto Components, products like Lifter Tensioner Assemblies, Oil Pumps, Fuel Pumps, Fuel Feed Pumps, Fuel Cocks, Decompression decompression /de·com·pres·sion/ (de?kom-presh´un) removal of pressure, especially from deep-sea divers and caisson workers to prevent bends, and from persons ascending to great heights. Units, Water Pumps, One Way Clutch and Precise Machined Components like Pinions, Screws, and Nuts & Control Shafts for Globally Renowned Automotive Original Equipment Manufacturers. Its facilities at Pune include a full fledged fledge v. fledged, fledg·ing, fledg·es v.tr. 1. To take care of (a young bird) until it is ready to fly. 2. To cover with or as if with feathers. 3. research and development set-up, a state of the art standards room with coordinate measurement machine and product testing laboratory with sophisticated test rigs, cellular manufacturing Cellular Manufacturing is a model for workplace design, and is an integral part of lean manufacturing systems. The goal of lean manufacturing is the aggressive minimisation of waste (or, more precisely, muda) in order to achieve maximum efficiency of resources. CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication set-ups as well as conventional machine shops with customer-part combination based dedicated assembly lines and metallurgical Laboratory The Metallurgical Laboratory or "Met Lab" at the University of Chicago was part of the World War II–era Manhattan Project, created by the United States to develop an atomic bomb. under one roof. With over 250 strong workforce comprising of technically qualified engineers and supervisors the company boasts of modern machinery and infrastructure conforming to international standards. About PTC Solutions for Automotive PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . PTC provides enterprise 3D design, product data management and collaboration solutions to over 1400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top 5 OEMs. About PTC PTC (NASDAQ: PMTC) provides leading product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com. Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: PTC's successful development and integration of the technologies necessary to offer integrated PLM solutions that address the evolving product lifecycle management functions for the automotive industry and are deployable across the globally extended supply and customer chains, the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements, and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q. The announcement of any particular standardization of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. PTC and its logo, The Product Development Company, Create Collaborate Control Configure Communicate, Simple Powerful Connected, Pro/ENGINEER, Wildfire and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation |Parametric Technology Corporation]] Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. or its subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. |
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