Airbus Consortium Selects Parametric Technology Corporation as a Strategic Technology Partner for Enterprise Product Data Management Solutions.
WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 10, 1998--
Windchill Selected for All Future Aircraft Projects
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. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
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PMTC Pacific Missile Test Center
PMTC Professional Multimedia Test Center ), developer of the Windchill(tm) family of enterprise information technology products, announced that it has formed a strategic partnership with The Airbus Consortium of Toulouse, France, providing Windchill technology to all future aircraft programs.
This decision complements the existing deployment of Parametric Technology's CADDS CADDS Contiguous Abcd1/Dxs1375e Deletion Syndrome
CADDS Computer Aided Design and Drafting Software (ComputerVision CAD/CAM software) (R)5 and Pro/ENGINEER(R) CAD/CAM/CAE software solutions on the A340-500 and 600 aircraft programs.
The Airbus Consortium includes principal partners Aerospatiale SA (France), Daimler-Benz Aerospace AG (Germany), British Aerospace British Aerospace (BAe) was a UK aircraft and defence systems manufacturer, now part of BAE Systems. History
The company was formed as a statutory corporation on April 29, 1977 as a result the Aircraft and Shipbuilding Industries Act. PLC (UK), and Construcciones Aeronauticas SA (Spain). Created in 1970, Airbus has developed a complete family of short, medium, and long-haul aircraft, with seating capacities Noun 1. seating capacity - the number of people that can be seated in a vehicle or auditorium or stadium etc.
commodiousness, spaciousness, capaciousness, roominess - spatial largeness and extensiveness (especially inside a building); "the capaciousness of Santa's ranging from 124 to approximately 400 seats. In its 28 years of operation, The Airbus Consortium has booked a total of more than 2,850 orders and delivered over 1,720 aircraft to its international customers.
"Parametric Technology is pleased to be declared the partner of choice in a strategic partnership with Airbus," noted Steven C. Walske, chairman and chief executive officer at Parametric Technology. "The commitment and innovation of both companies over the last year -- underpinning the A340-500/600 programs and through our Board of Customer Advisors Program (BOCA BOCA Building Officials and Code Administrators International, Inc.
BOCA Bird Observers Club of Australia
BOCA Business Object Component Architecture
BOCA Borland Object Component Architecture (Borland) ) -- have been integral to the development and implementation of Windchill.
"Windchill technology has opened up the opportunity to extend the benefits of this partnership through the Airbus extended enterprise," Walske added. "This includes the supply chain, enabling Airbus to considerably reduce aircraft program lead times and costs. 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. looks forward to partnering with Airbus to increase market share in our respective industries by leveraging Windchill's Web-centric technology."
PTC's Pro/ENGINEER and CADDS 5 product development tools have been successfully used by Airbus on the A340-500 and 600 aircraft programs. The Airbus Concurrent Engineering (ACE) team, working closely with PTC, has established a core technical capability known as an ACE version, which underpins Airbus strategy to deliver competitive advantage to its customers.
"Airbus has fully endorsed PTC's acquisition of Computervision," said Dr. Schneider, ACE sponsor chairman. "Parametric Technology now provides the most comprehensive range and quality of information management and CAD product definition solutions in the market. Our early and continuing involvement in the development of Windchill clearly demonstrated that it is best in class and years ahead of any competitor.
"Airbus will deploy Windchill on all future aircraft programs," Schneider added. "We are committed to consolidating on these successes and further developing our partnership to our mutual benefit. PTC is an integral partner for Airbus to deliver the quality products required by our customers."
About the Company
Parametric Technology Corporation develops, markets and supports a complete family of product development and information management solutions. The Company's Pro/ENGINEER(R) Solutions automate the complete product development process within the mechanical computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive , manufacturing and engineering (CAD/CAM/CAE) industry. The Company's products within the enterprise information management industry include the web-centric, Java-based product information management tools of Windchill(tm), with applications including Foundation, Enterprise Document Manager and Enterprise Configuration Manager. All software solutions are supported and complemented by the strength and experience of the Company's professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization which includes training, consulting and customer support.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties, including the level of orders for Windchill, timely delivery of Windchill applications, and future product performance, are 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.
See 10-K. and 10-Q.
Parametric Technology Corporation, Pro/ENGINEER and CADDS 5 are registered trademarks, and Windchill and all names in the PTC product family, as well as the PTC logo are trademarks of Parametric Technology Corporation and/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. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.
CONTACT: Parametric Technology Corp. Parametric Technology Corp.
John W. Hudson Kristen J. Reidt
(781) 398-5561 (781) 398-5628