Airbus Strengthens Its Strategic Partnership With PTC With Deployment Of Windchill(R).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 it has strengthened its strategic partnership with Airbus. Windchill has been successfully deployed for content and process management as a key enabler for Airbus to manage product development data and processes within the complexity of its extended enterprise environment. Additionally, Airbus is likely to use the PTC solution for new aircraft programs in the context of a multi-year partnership in which Airbus and the PTC R&D organization are working closely together on the implementation of the strategic enterprise 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 roadmap. Airbus' product development strategy is to increasingly utilize out-of-the-box Windchill solutions. This makes it easier to integrate and deliver new capabilities in the future and maintain new software versions. The overall Windchill implementation program is managed by PTC to ensure processes alignment and to optimize operating performance for the maintenance and support of the PLM environment. "Global manufacturing companies are trying to balance the pressure to be more efficient and cost-effective with customer demand for increased innovation, more product variants and shorter time-to-market," said Richard Harrison There are several people named Richard Harrison.
In order to achieve the specific needs of its customers, PTC is driving joint initiatives with its customers that will benefit not only one customer, but the entire customer base. This enables PTC to further strengthen its products to support multiple companies who share similar requirements. "Like Airbus, companies of all sizes in all industries are increasingly adopting out-of-the-box PLM solutions from PTC to optimize total cost of ownership, upgradeability, and overall project success," said James Heppelmann, executive vice president and chief product officer of PTC. "This type of partnership confirms the strength and maturity of the PTC Product Development System. Our customers gain competitive advantage when they can easily capture and integrate mechanical, electrical and embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed. information around a common bill of material, automate common processes, and enable collaboration between different departments and globally distributed teams." About PTC Solutions for Aerospace and Defense PTC provides 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 solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. . PTC is an industry leader with all of the top 20 A&D companies as customers 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 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 include the ability of PTC to develop the technologies necessary to deliver products and services that allow customers to implement a comprehensive product development system across an extended enterprise; PTC's ability to co-develop and integrate technologies that adequately address Airbus's requirements; PTC's successful coordination and management of joint activities with Airbus and other third parties (including development, technology integration, implementation and support) in order to deliver products and services that meet those requirements; and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, as well as those that are detailed from time to time in reports filed by PTC with the U.S. 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 development agreement and/or selection or implementation of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. or the level of revenue for any particular period. PTC, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Windchill ProjectLink and Windchill PDMLink, Arbortext, Mathcad and all PTC product names 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. 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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