NRB Bearings Standardizes on PTC(R) Solutions for Product Development; Product Development System Achieves Productivity Enhancements, Design Time Reductions and Collaboration Across Multiple Divisions and Locations.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(TM), today announced that NRB NRB National Religious Broadcasters NRB Nepal Rastra Bank NRB Natural Resources Board NRB National Reconstruction Bureau (Pakistan) NRB National Research Bureau NRB National Review Board NRB Needle Roller Bearing Bearings, one of India's leading bearing manufacturing companies, has standardized on PTC solutions for product development. The deployment by NRB includes PTC Pro/ENGINEER(R), for the creation of rich 3D design data, Windchill(R) PDMLink(TM) for the control and management of product data and Windchill ProjectLink(TM) for enterprise project collaboration. NRB Bearings has been a PTC customer since 1999 when it first deployed Pro/ENGINEER. As the complexity of its product requirements evolved, the company also adopted Windchill. This has resulted in an enhanced and streamlined product development environment at NRB, a key requirement for the company's vision of becoming one of the largest players in the global bearings market. "NRB is a great example of how organizations can adopt information technology in an efficient, scaleable and paced manner," said Dhiren Verma, director of automotive product and market strategy, PTC, Strategic Accounts, PTC India. "PTC is proud to support NRB as they transform into a global player," he added. Mrs. H S Zaveri, president, NRB Bearings said, "In an increasingly challenging and competitive market environment, we need solutions that give us greater efficiencies and quicker time to market. With our standardization on PTC solutions for product development, we have been able to reduce our product design time substantially, which has a significant impact on our business. The ability to collaborate seamlessly across our locations, while allowing us the benefits of reduced costs is another great advantage of adopting PTC's solutions." About NRB Bearings NRB Bearings is a leading manufacturer of the widest range of bearings in India. The product range includes Needle Roller Bearings A needle roller bearing is a bearing which uses small cylindrical rollers. They are used to reduce friction of a rotating surface. Needle bearing have a large surface area that is in contact with the bearing outer surfaces compared to ball bearings Additionally there is less of all types, Cylindrical Roller Bearing roller bearing One of the two types of rolling, or antifriction, bearings, the other being the ball bearing. Like a ball bearing, a roller bearing has two grooved tracks, but the balls are replaced by rollers. The rollers may be cylinders or shortened cones. , Special Tapered Roller Bearings and standard and non standard Ball Bearings ball bearings n → roulement m à billes for the automotive segment besides Spherical Roller Bearings and Wide Inner Ring Bearings for the other industrial applications. Established in 1965, NRB pioneered the manufacture of Needle Roller bearings in India. NRB is a valued partner and a solution provider to original equipment manufacturers and a major supplier to the automotive sector both to the primary vehicle manufacturers as well as the Tier I and the Tier II ancillaries. It is NRB's vision to offer technology driven innovative bearing solutions to its customers. With the attainment of this vision in mind NRB set up its engineering centre in 2000 in Thane thane n. 1. a. A freeman granted land by the king in return for military service in Anglo-Saxon England. b. A man ranking above an ordinary freeman and below a nobleman in Anglo-Saxon England. 2. , near Mumbai, to enhance its design and development capabilities. New products for various applications helped NRB to further improve its position with Indian customers has considerably strengthened and also helped in gaining global customers. For more information on NRB, please visit http://www.nrbbearings.com About PTC Solutions for Automotive 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 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 provides enterprise 3D design, product data management and collaboration solutions to over 1,400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top 5 OEMs. About PTC PTC (Nasdaq: PMTC) provides leading 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 ), 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 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 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 and support products and services that allow customers to implement an integrated and comprehensive product development system across an extended enterprise and which continues to meet evolving customer requirements; 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 or standardization on 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, 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion