PTC Windchill(R) Solutions Help ACAC To Implement Collaboration Platform For ARJ21 Project; Windchill Solutions Connect Geographically Dispersed R&D Departments and Partners to Speed Development and Reduce Risk.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 AVIC AVIC Aviation Industry Corporation (China) AVIC Area Veterinarian in Charge AVIC Army Visual Information Center AVIC Avi Codec I Commercial Aircraft Co. Ltd. (ACAC ACAC Acetylacetone ACAC Association of College Admissions Counselors ACAC Arkansas Community Arts Cooperative ACAC Alberta Colleges Athletics Conference (Canada) ACAC Air-Cooled Air Cooler (aviation) ), has adopted PTC Windchill as its 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. for the development of the ARJ A compression program for backup archiving from ARJ Software, Inc., Norwood, MA (www.arjsoftware.com). Introduced in the early 1990s and created by Robert Jung (the RJ in ARJ), ARJ never achieved the popularity of PKZIP, although it is considered a worthy competitor. See JAR. 21 regional jet. The ARJ21 project of ACAC has fully deployed and announced go-live of the platform recognizing functional completeness, technological advancement and the architectural flexibility of Windchill. Windchill is used in the ARJ21 project to integrate information and processes shared between various R&D departments and manufacturing partners located in various provinces across China, as well as overseas system suppliers. This allows faster time-to-market, increased product quality and reduced total development cost. The development team of the ARJ21 regional jet has adopted a global purchasing and sub-contracting model which includes many domestic aircraft manufacturers, R&D partners and overseas system suppliers. As a result of growing product development management requirements, it was necessary for the ARJ21 development team to deploy a highly integrated product development system as the collaboration platform. This platform is aimed at maximizing productivity in the research and development process and strengthening product information sharing between various parties. "ACAC is a leading Chinese aircraft manufacturer. The design and development of ARJ21 will be a significant milestone in the history of Chinese aviation," said Steve Su, divisional vice president, PTC. "We are pleased to be a strategic part of ACAC's goal to improve its product development strategy by providing quality products and services while reducing development costs and timeframes." About AVIC I Commercial Aircraft Co., Ltd. AVIC I Commercial Aircraft Co., Ltd. (ACAC) is a limited liability company that is jointly owned by the China Aviation Industry Corporation I China Aviation Industry Corporation I (AVIC I) is a Chinese consortium of aircraft manufacturers. The consortium was created on July, 01, 1999 by splitting the state-own consortium China Aviation Industry Corporation (AVIC) into AVIC I and AVIC II. and 15 other enterprises. Under the principle of "Joint Investment, Risk and Profit Sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ", it operates as a modern enterprise. ACAC is the legal and operational entity for the ARJ21 project. For more information on ACAC, please visit www.acac.com.cn. About PTC Solutions for Aerospace and Defense PTC (Nasdaq: PMTC) provides product lifecycle 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 18 of the top 20 A&D companies as 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 enterprise 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. These risks and uncertainties include: PTC's successful development and integration of the technologies necessary to offer and support integrated PLM solutions that address the evolving business-critical product lifecycle management functions of the aerospace industry across extended supply chains, 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 software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. PTC, The Product Development Company, Product First, Windchill, 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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