Piaggio Group Standardizes on PTC(R) Product Development System.Pro/ENGINEER([R]) and Windchill([R]) solutions enable integrated development of innovative products for all Piaggio brands 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 Piaggio & C. S.p.A. (Italy), one of the worlds leading manufacturers of motor-cycles and scooters List of scooter models per manufacturer Aprilia
Piaggio strives to develop high-performance environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] engines and constantly improve vehicle safety and features without compromising design, creativity and quality. Another key objective for Piaggio is to maximize the reusability of components to help speed time-to-market and lower development cost. The PTC Product Development System empowers Piaggio in achieving these objectives by enabling effective and fast collaboration and information sharing See data conferencing. among research & development centres located in Italy, Spain, India and China with more than 700 engineers. "For Piaggio group, research & development is of strategic importance to ensure our future growth by developing high-tech driven products such as our current initiative on vehicles powered by hydrogen fuel cells," said Federico Martini, technical manager at Piaggio. "The PTC Product Development System supports our corporate policy of structured processes which ensure continuous improvements through simultaneous global engineering. By standardizing on a market-leading technology, we are strengthening our competitive position in the two wheel vehicle market, where speed and flexibility are essential for success." Piaggio Group has been a PTC customer since 1999 deploying Pro/ENGINEER following a comprehensive technical benchmark. The integrated CAD/CAE/CAM solution is used for engine, body and chassis design. PTC technology has contributed substantially to reductions in internal review times, overall time to market and improved concurrent engineering. Based on this success, the Piaggio Group is now standardizing on PTC CAD solutions and adopting Windchill PDMLink for better information management with a logical product structure between the global Piaggio teams and its supply chain enabling smooth information exchange between heterogeneous CAD systems. "In an increasingly competitive and complex environment like 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. , it is important for our customers to apply efficient development processes which help them optimize their costs and speed time to market in order to enhance their position in the industry," said Martin Walters, director of automotive product and market strategy, PTC. "Our product development system enables Piaggio Group to quickly anticipate customer needs and create products which are innovative, stylish and technically sophisticated." About Piaggio & C. S.p.A. Established in 1884 by Rinaldo Piaggio, and based in Pontedera near Pisa (Italy), the Piaggio Group is one of the world's top manufacturers of two-wheeled motor vehicles. The Group is controlled by Immsi S.p.A., an industrial and services holding listed on the Milan Stock Exchange Milan Stock Exchange The largest regional stock exchange in Italy, facilitating more than 90% of the country's trading volume. . As of July 11, 2006, Piaggio & C. S.p.A. shares are listed on the Milano Stock Exchange. The Piaggio product range features scooters, mopeds and motorcycles from 50cc to 1,200cc, with Piaggio, Vespa, Gilera, Aprilia, Moto Guzzi, Derbi and Scarabeo brands. The Group also manufactures three and four-wheel light commercial vehicles for utility and personal mobility, with the Ape, Porter and Quargo ranges. In 2005, the Piaggio Group reported consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of 1.451,8 million Euro. About PTC Solutions for the Automotive Industry 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 1400 automotive manufacturers including 8 of the top ten 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 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. These include: the success of our initiatives to facilitate our customer's understanding of the benefits of our PLM solutions, including interoperability, quality, return on investment and value creation; the ability of PTC to develop the technologies and service offerings necessary to deliver solutions that allow customers to implement a comprehensive product development system across an extended enterprise and which meets evolving customer requirements; the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; the success of our partnering and distribution initiatives to cost effectively deliver our solutions; and the success of our integrated solutions strategy initiatives; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company'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, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Windchill ProjectLink, Windchill PDMLink, Pro/INTRALINK and all PTC product names 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. 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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