Acorn Product Development Chooses PTC(R) Solutions to Support Global Development Initiatives.Improves Process Efficiencies and Accuracy of Team Communications, Strengthening Competitive Advantage 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[TM], today announced that Acorn Product Development, an innovative engineering outsource design firm developing products for consumer, computer, communication and medical companies, has begun an enterprise-level upgrade to PTC Windchill[R] PDMLink[TM] to support its global product initiatives and sustain its current rapid growth. Unlike many traditional design companies, Acorn offers its clients an optimized range of product development services from architectural analysis through manufacturing floor support worldwide. Recent Acorn projects include new product releases for Logitech, Network Appliance (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything , Siemens and Sun designed using Pro/ENGINEER[R]. With development locations in Silicon Valley, Boston and China, Acorn has adopted a global product development strategy, successfully executing complex projects with geographically dispersed teams A Geographically Dispersed Team (GDT) – also known as a Virtual team – is a group of individuals who work across time, space, and organizational boundaries with links strengthened by webs of communication technology. of engineers. To support this strategy, the company needed an enterprise 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 solution that would enable it to increase the efficiency of its processes for getting new products to market. An established user of Pro/ENGINEER with over 60 licenses of various PTC products, Acorn chose to expand its PTC technology investment to include Windchill for content and process management. Windchill will enable Acorn to manage data across a distributed product development environment with advanced controls for data that can be accessed by multiple entities inside and outside the company. The Acorn implementation was driven by NxRev, a leading PTC channel partner. "The combination of PTC technology with the experience of our value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). NxRev provided the most compelling solution to help us implement a global product development strategy in order to sustain and increase our competitive advantage," said Ken Haven, chief executive officer, Acorn Product Development. "The single integral technology architecture of PTC's Product Development System was the key differentiator for us because it simplifies product development while also providing the power and scalability to support our continued growth. As we open new geographies, we feel confident that the remote staff, using Windchill, can immediately participate and contribute to product development." "Acorn is representative of many small and medium businesses that are leveraging PTC solutions to enable them to successfully compete with larger companies," said Joshua Fredberg, vice president, product and market strategy, PTC. "We are very pleased that Acorn has chosen our integral solutions to help them optimize their product development processes and welcome the opportunity to help them achieve their business goals." About Acorn Product Development Acorn develops mechanical and electro-mechanical products for client companies across industries from consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and to computing and networking to medical devices. Acorn Product Development is headquartered in Silicon Valley (Fremont, California For the unincorporated community in Yolo County, California, see . Fremont (IPA: /ˈfriːmɒnt/) is a city in California that was incorporated on January 23, 1956, from the merger of five smaller communities: ). Additional offices of Acorn are located in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New and Dongguan, China. For more information, please visit http://www.acornpd.com. About PTC Solutions for SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. PTC solutions for the small and medium business (SMB) market are designed to provide easy-to-use, yet scaleable 3D CAD/CAM/CAE solutions for manufacturing companies at an affordable price. In addition PTC provides dedicated product lifecycle 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 ) solutions for the unique product data management and collaboration requirements to the midrange midrange Epidemiology The halfway point or midpoint in a set of observations; for most data, MR is calculated as the sum of the smallest observation and the largest observation, divided by 2; for age data, one is added to the numerator; a midrange is usually market. PTC currently serves over 35,000 SMB customers in 41 countries through more than 320 Value Added Resellers (VARs). About PTC PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), 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 the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, development, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet the functional and price point requirements of small and medium businesses; the successful development and integration of the technology necessary to offer an integrated, flexible and scalable product development system that is able to adequately respond to the evolving requirements of both large and small customers in multiple vertical industries; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company'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 selection of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period. PTC and its logo, The Product Development Company, Pro/ENGINEER, Wildfire, Windchill, Arbortext, Mathcad, 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. Logitech, the Logitech logo, and the Logitech products referred to herein are either the trademarks or the registered trademarks of Logitech. Sony is a registered trademark of Sony Corp. |
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