Compeq Selects and Deploys PTC Windchill(R) to Create Collaborative Engineering Platform; Deal Establishes Efficient Industrial Supply Chain and Creates Competitive Edge.TAIPEI, Taiwan -- 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 Compeq, the largest printed circuit board manufacturer in Taiwan, has deployed PTC Windchill as its foundation for a collaborative engineering platform. Through the success of Windchill, Compeq anticipates that in three years the platform will have brought NT$ 13 billion real-term benefits. Historically, Taiwanese PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. manufacturers, including Compeq, lag behind their American and Japanese competitors in the technology and specification areas. To change this, Compeq selected Windchill to create a platform that would allow them to respond to frequent design changes and improve overall time-to-market and cost for developing new products. Compeq selected PTC due to Windchill's proven ability to reduce time-to-market, improve service and facilitate design innovation at leading electronics manufacturers across the globe. Since deploying Windchill, Compeq has shortened the time-to-market for new products, reduced costs, and improved innovative skills and service quality. Compeq has reduced the number of design and manufacturing changes from 450 to 300 a month, production defects from 17% to 15% and improved productivity by 10%. Compeq has also used these new capabilities to increase successful collaborative design projects with customers by 15 projects per year. Quality has also increased, with customer sample approval rates rising from 60% to 80%, significantly improving customer satisfaction. Compeq's suppliers have also benefited from Windchill and decreased the design changes in mass production from four times a week to once a week. More importantly, the change frequency of ECO E·co , Umberto Born 1932. Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture. that suppliers have to undergo has decreased from seven times to three times a week. With less changes, the suppliers business also becomes much more cost and time efficient. "The introduction of Windchill brings a clear division of responsibilities in the product development process and has improved problems with out-of-date or inaccurate information which is commonly associated with a manual process..." explained Chung Tze-wen, manager of information engineer planning, Compeq. "Because of its flexibility, Windchill has become a strategic platform that is able to meet Compeq's product development demands and fostered tighter relationships with key customers and partners, who also leverage the Windchill system for product information, collaboration and project tracking." "Windchill provides a collaborative platform that offers the most flexibility and complete set of functions for High Tech companies like Compeq who want to create a collaboration platform An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. . The metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. demonstrate that since the implementation of Windchill, Compeq has shortened the time-to-market, lowering cost, prompting innovative skills, and enhancing service quality. With Windchill, Compeq has made tremendous accomplishments," said Steve Su, senior vice president, Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. Operations, PTC. About Compeq Established in 1973, Compeq is both the largest printed circuit board manufacturer in Taiwan and one of the top 6 printed circuit board manufacturers in the world. Compeq entered mass production on six-layer computer-use circuited board in 1983 and has since led the industry in Taiwan moving towards the development of multi-layer circuited board. About PTC Solutions for Electronics & High Tech PTC solutions for electronics & high tech are designed to meet the 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 requirements of electronics manufacturers. These solutions include product development process and data management, electronic verification and collaboration, environmental regulatory compliance (RoHS, WEEE WEEE Waste from Electric and Electronic Equipment (directive) WEEE Waste Electrical and Electronics Equipment WEEE Waste Electrical and Electronic Equipment , etc.) and 3D mechanical design. PTC has over 3,000 high tech customers, including the top 30 electronics manufacturers across the globe. 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 ) software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies in the aerospace & defense, automotive, consumer, electronics & high technology, industrial equipment and medical products industries. PTC is included in the S&P 500 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 PTC's ability to successfully develop, implement and support products and services for our customers that provide PLM capabilities across a diversified and expanded user base, including suppliers and other stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , as well as the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, together with 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. PTC, the PTC logo, Pro/ENGINEER, and Windchill 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. . All company and product names herein are the property of their respective owners. |
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