-- Solutions Tailored to Unique Needs and Requirements of Top Companies --
NEEDHAM, Mass., Feb. 11 /PRNewswire-FirstCall/-- PTC (Nasdaq: PMTC), the
Product Development Company(TM), is expanding its market-leading presence in
the global aerospace and defense industry with significant sales and
implementations to system integrators in the aircraft, defense electronics,
missiles and space, shipbuilding, and armored ground vehicles sectors and
their respective supply chains. PTC is also achieving significant penetration
into government sectors, including defense departments, program offices, and
national laboratories.
PTC now has an installed base of approximately 300 aerospace and defense
customers thanks to a suite of solutions that specifically meets the needs of
that market. New wins and follow-on commitments have recently come from
Boeing, Raytheon, Northrop Grumman, Goodrich, Smiths, Harris, Embraer, GKN
Aerospace, China State Shipbuilding Company, and the China Aviation Industry
Corporation. In the government sectors, PTC has received new commitments from
NASA and the US Department of Energy's National Nuclear Security
Administration. In fact, nine of the top 10 A&D companies worldwide are large
users of PTC's solutions.
"Aerospace and Defense is a very important market for PTC," says Jim
Heppelmann, EVP and chief product officer at PTC. "We have invested 17 years
in delivering high value, mission-critical product development solutions to
A&D companies. In the process, we have developed a deep understanding of the
unique requirements and business drivers in this industry.
"We recognize the transformation that is occurring in the industry today
and are aggressively committed to providing responsive solutions with our core
product set, industry-specific solution components, and the extensive
intellectual property we have developed after serving numerous A&D customers,"
Heppelmann adds.
PTC is developing its PLM solution suite by recognizing the important
differentiators that make product development in A&D unique, including the
importance of programs and program information management, spiral development,
focus on lifecycle cost, distribution of intellectual property, and the notion
that lives are at stake with highly complex products when they fail or
sometimes when they are successful.
"We stay on top of the key business drivers that are currently causing
change throughout the A&D industry," says Berry Gibson, director for Federal,
Aerospace and Defense Product and Market Strategy at PTC. "We see significant
opportunities for product development solutions to address issues such as
"defense transformation", increasing cost reduction and asset management
pressures, increasing product complexity, increasing value chain complexity,
globalization, and new directives issued by the Department of Defense. Our
industry-focused solution set is bringing many A&D companies to adopt PTC
solutions."
In response to these business drivers and the unique aspects of product
development in A&D, PTC has fine-tuned its solutions across five major product
lifecycle management (PLM) areas including: Configuration Management,
Integrated Program information Management and Program Execution, Modeling and
Simulation, Advanced Collaboration Infrastructures, and Digital Product
Definition.
FAD Template Focuses on Configuration Management Solutions for the
Industry
PTC believes that the number-one critical need across the federal,
aerospace, and defense (FAD) market today is for a Configuration Management
System, that is scalable over a complex supply chain and enables rigorous
product structure management, heterogeneous CAD data management, change
management, deliverables management, alternates and substitutes functionality,
parts re-use, and management of the as-built/as-maintained bill-of-material.
PTC has recently introduced its first industry-specific solution for the
federal, aerospace and defense market called the "FAD Template", built on
Windchill(R) PDMLink(TM) and designed to address the unique configuration
management needs of A&D companies.
Integrated Program Management Provides Information Backbone for Major
Projects
Integrated Program Information Management and Program Execution are key
PLM needs that can be effectively solved with Windchill solutions. PTC's A&D
customers are managing work breakdown structures, work packages, contracts,
requirements, risk, cost and schedule and relating these items to the product
information traditionally in a PDM system.
PTC is actively building upon the strong project management foundation
provided by Windchill(R) ProjectLink(TM) to provide additional Program
Management capabilities in its core products that have the potential to help
A&D companies control cost, schedule, and risk on their large development
programs.
Windchill Data Management at Heart of Modeling and Simulation Environments
Creating Modeling and Simulation Environments for digital prototyping,
holistic operational simulations, and trade study management is a key PLM need
for A&D program offices seeking ways to improve trade study effectiveness and
to reduce program lifecycle costs. To solve its Modeling and Simulation
problem, NASA deployed its Advanced Engineering Environment based on Windchill
for the purposes of rapidly analyzing and designing a large number of Reusable
Launch Vehicle concepts.
"The Windchill Product Data Management software is at the heart of the
system," NASA explains in AIAA Paper- 2003-3428. "It acts as web portal into
the environment, brokers all exchanges of data into and out of the
environment, and controls the process flow of all assessment cases that need
to be performed."
NASA adds "The PDM has successfully enabled a team comprised of people
representing six NASA centers, working either from their NASA offices or their
home offices, as well as people working from company sites, to retrieve tasks
and data, perform analysis, and publish results at any time of the day."
Collaboration Architecture Revolutionizes Infrastructure of Complex
Projects
Numerous A&D companies including Airbus, Boeing and NASA continue to make
commitments to PTC products to create Advanced Collaboration Architectures,
using Windchill, Windchill ProjectLink, ProductView(TM), and Info*Engine(R).
These companies are deploying PTC's revolutionary PLM architecture, which
establishes an infrastructure for managing a system-of-systems product
description across a distributed program team from multiple companies. Such
collaboration solutions across the corporate IT backbone increase agility,
reduce transaction costs, improve decision-making, and enhance customer
relationships. To help companies implement the strategy, capabilities and
infrastructure necessary to achieve efficient collaboration, PTC Global
Services has developed a structured approach for designing collaboration
systems that has been successfully utilized at a number of large A&D
manufacturers.
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that
help manufacturers win with superior products. PTC is the world's largest
software company with a total commitment to product development and product
lifecycle management (PLM.) The company services more than 35,000 customers
worldwide. Further information on PTC is available at
http://www.ptc.com/go/pr or call 1-888-782-3776, ext. 901.
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 ability to
effectively deliver products and services across an expanded user base, the
acceptance of Pro/ENGINEER Wildfire and our Windchill Link Solutions, our
ability to migrate our customer base to an integrated product development
system 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 and 10-Q. The
announcement of any particular sales order 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, MECHANICA and all PTC product names and
logos are trademarks or registered trademarks of Parametric Technology
Corporation or its subsidiaries in the United States and in other countries.
Investor Contact
Meredith Mendola
781-370-6151
mmendola@ptc.com
Press Contact
Joe Gavaghan
781-370-5074
jgavaghan@ptc.com
SOURCE PTC
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Related links:
http://www.ptc.com
CONTACT:
Investors, Meredith Mendola, +1-781-370-6151,
mmendola@ptc.com, or Press, Joe Gavaghan, +1-781-370-5074,
jgavaghan@ptc.com, both of PTC
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