Federal-Mogul Standardizes On PTC Windchill(R) To Achieve Strategic Business Initiatives.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 Delivers Powerful data management and collaboration capabilities drive process efficiencies NEEDHAM, Mass. -- PTC (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 Federal-Mogul Corporation, a global supplier of automotive components, systems and modules for original equipment manufacturers and the aftermarket, has adopted Windchill PDMLink[R] and Windchill ProjectLink[TM] for strategic 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 (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 ). Windchill, the PTC content and process management solution, enables 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. while helping companies control data and processes. As a long-time user of PTC's Pro/ENGINEER[R], the selection of Windchill extends Federal-Mogul's existing relationship with PTC and enables them to realize the value from an integral product development system. Driven by increasing customer requirements, a globally distributed supply chain, and a focus on improving the quality of project launches, Federal-Mogul required a PLM solution that would enable it to accelerate time-to-market without compromising quality and innovation. Additionally, the company required a solution that would allow it to centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. internal applications on a single system while providing the flexibility to support the heterogeneous CAD environments of its automotive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers. With the selection of Windchill, Federal-Mogul decided to standardize on the PTC Product Development System to address these challenges and support its strategic business initiatives for product quality, time-to-market, and innovation. "Federal-Mogul is growing on a global basis and the need for strong internal and customer collaboration grows with it. By adopting Windchill as a common software platform capable of integrating with the range of product design systems used by our customers, we will be able to harmonize our internal processes and adopt best practice while retaining the flexibility to meet all our customers' needs," said Huw Pegler, Engineering IS Director, Federal-Mogul. "By strengthening our program management processes using PTC's Windchill, we expect to achieve significant performance improvements in our product development process, resulting in faster time-to-market and increased competitive advantage." "Optimizing product development processes in a globally distributed environment is a common challenge for today's manufacturing companies," said Martin Walters, director, product and market strategy, PTC. "Windchill provides a superior solution for managing complex data in this environment and enables effective collaboration, allowing companies like Federal-Mogul to reap tangible benefits from their technology investment." About Federal-Mogul Federal-Mogul Corporation is a leading global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The Company's leading technology and innovation, lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its global profitable growth strategy, creating value and satisfaction for its customers, employees and 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. . Federal-Mogul was founded in Detroit in 1899. The Company is headquartered in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. , and employs 45,000 people in 35 countries. Visit the company's Web site at www.federal-mogul.com. About PTC Solutions for the Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides 3D design, product data management and collaboration solutions to over 1,400 automotive manufacturers including eight of the top 10 suppliers and three of the top five OEMs. 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. Such risks include PTC's ability to anticipate and adequately respond to evolving customer requirements; to successfully develop, integrate and support the technology necessary to deliver products and services suitable for customers with a diversified and expanded user base in heterogeneous and geographically disperse environments; to develop the technologies necessary to deliver products and services that allow customers to implement an integrated and comprehensive product development system across an extended enterprise; 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 selection of PTC products is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period. PTC and its logo, The Product Development Company, Pro/ENGINEER, Wildfire, Windchill, Windchill ProjectLink, 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 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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