China Aero-Instrument Deploys Windchill(R) Solutions to Standardize Key Business Processes.Unified design, manufacturing and management information platform based on the 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. [R] Product Development System BEIJING -- PTC (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 Chengdu Aero-Instrument Co., Ltd (CAIC CAIC Colorado Avalanche Information Center CAIC Caribbean Association of Industry and Commerce CAIC California Alliance for Inclusive Communities CAIC Canadian Association of Interventional Cardiology CAIC Cult Awareness and Information Centre ), a leading China-based aviation equipment manufacturer, has adopted PTC Windchill as the central component of its 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. system. The Windchill-based system will help CAIC unify disparate technology systems while improving decision making and driving business improvements for key processes such as project management and manufacturing process management Manufacturing Process Management (MPM) is a collection of technology and methods used in the manufacture of products. It incorporates such technologies as computer-aided production engineering (CAPE), Advanced Planning & Scheduling (APS) , computer-aided manufacturing (CAM), . CAIC expects Windchill to play a significant role in helping the company achieve faster and more responsive design, testing, and manufacturing. CAIC's long-term strategy, "E-CAIC," began by eliminating manual processes associated with its design, manufacturing, and management processes through targeted IT investments, process reengineering, and enhanced R&D capacity. The explosive growth of digital information and increased reliance on geographically dispersed team 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. members has highlighted CAIC's process inefficiencies. After two years of comprehensive analysis, CAIC's product data management (PDM (1) (Product Data Management) An information system used to manage the data for a product as it passes from engineering to manufacturing. The data includes plans, geometric models, CAD drawings, images, NC programs as well as all related project data, notes and ) group selected Windchill because of its integral database, consistent user experience, and interoperability with other applications. With Windchill, CAIC now has a single data management platform based on a complete, unified product structure inclusive of inclusive of prep. Taking into consideration or account; including. all associated product In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. development content. Employees are able to easily access necessary data while sharing content and knowledge in a secure, protected environment. Additionally, all product development processes will be managed by Windchill PDMLink[R], effectively integrating all R&D processes related to product development. With Windchill, CAIC has gained standardized project definition, implementation and control activities, while shedding repetitive design steps and product development costs. "We consider production innovation the blood of sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union , and product development processes the life of our company," said Zhu Jiansheng, president and general manager, CIAC (Computer Incident Advisory Capability) A group within the U.S. Department of Energy (DoE) that serves as the department's CERT and makes its bulletins and documents available to the public. For more information, visit www.ciac.org/ciac. . "Windchill has proven to be a successful solution in product digital definition, R&D automation, and Web-based collaboration." "As a leading manufacturer of aviation products, CAIC has achieved remarkable results from the digitization of their product development processes. CAIC thoroughly understands and appreciates the value derived from consistent, standardized, and optimized processes," said Richard Prince
Richard Prince, (born 1949 in the U.S.-controlled Panama Canal Zone, now part of Republic of Panama) is an American painter and photographer. , director, vertical market strategy for aerospace and defense, PTC. "PTC is committed to supporting the realization of the E-CAIC vision and the application of best class solutions for R&D, project management, and secure collaboration." About Chengdu Aero-Instrument Co., Ltd Chengdu Aero-Instrument Co., Ltd, a major aerospace equipment company, as well as the manufacturing and R&D base for aviation atmosphere data system, aviation instrument and aviation equipment and sensors. Its technical strengths mainly lie in the design, manufacturing and test of electronic products, precise calibration technique, special welding and manufacturing of parts. CAIC is equipped with first-class facilities, scientific management systems and broad expertise. Its civil products are widely applied in petrol, chemicals, metallurgy, pharmacy, steel and automobiles industry. The company has worked closely with a number of well-known enterprises in USA, UK, Germany and Russia. Its products are used in Boeing, Airbus and aerospace products. For more information, please visit http://www.caic-china.com 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 and collaborative product development. PTC is an industry leader with all of the top 20 A&D companies as its customers. About PTC PTC (Nasdaq: PMTC) provides leading 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 ), content management and dynamic publishing solutions to more than 50,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is listed 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 aerospace and defense industry, including the ability to be deployable across extended supply and customer chains and to satisfy the data management and security needs of these customers; 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 deployment 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, Windchill, Windchill PDMLink 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 and in other countries. |
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