Defense Leader Purchases 900 seats of Windchill for Armament Systems Division
NEEDHAM, Mass., April 23 /PRNewswire-FirstCall/ --
PTC (Nasdaq: PMTC), the product development company, today announced that
United Defense Industries, Inc.'s (NYSE: UDI) Armament Systems Division (ASD)
has purchased 900 seats of PTC's Windchill for product lifecycle management
(PLM). Windchill will allow United Defense's ASD to facilitate work between
employees and to align itself more closely with its customers in various
branches of the Armed Services on a multitude of Department of Defense
contracts. The software shipped during PTC's second fiscal quarter (ended
March 29, 2003.)
Having already standardized on PTC's Pro/ENGINEER design software, the
addition of PTC's Windchill provides United Defense's ASD with a tightly
integrated product development system for product design and collaboration.
United Defense engineers can design products and share that design information
both internally and with members of the Armed Forces and Department of Defense
for efficient product development.
"Our engineers have experienced the benefits of true electronic
collaboration for the last 7 years managing multiple document types," said Reg
Hubbartt, IS manager at United Defense. "They have another 15 years managing
CAD data. Our engineers are mature PLM users, demanding tools that are user
friendly and that provide the opportunity for integration of information with
remote users and customers. We look forward to this new relationship with PTC
and to using the Windchill solution."
"United Defense recognizes the advantages inherent in an integral PLM
system," said Paul Cunningham, executive vice president, Worldwide Sales at
PTC. "By designing and collaborating in a single environment, United Defense
and all of its external partners will be able to add value to the product
design and development process, reducing costs while bringing higher quality
products to market."
The Armament Systems Division of United Defense is a leading developer of
land and naval combat systems and precision munitions. Today's products
include production of the Mk 45 Naval Gun System and the Mk 41 Vertical
Launching Systems and Mk 41 missile launching canisters. The division is
leading the design of the Advanced Gun System and the Advanced Vertical
Launching System for the Navy's new DD(X) destroyer. Additionally, the
division is leading the design efforts for the Non-Line of Sight Cannon (NLOS-
C) for the Army's Future Combat System.
About United Defense Industries, Inc.
United Defense is a leader in the design, development and production of
combat vehicles, artillery, naval guns, missile launchers and precision
munitions used by the U.S. Department of Defense and allies worldwide, and is
America's largest non-nuclear ship repair, modernization and conversion
company. To learn more about United Defense Industries, Inc., visit
http://www.uniteddefense.com.
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 successful
development and integration of the technology necessary to offer software
solutions and related services that adequately address product development
challenges 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 order is not necessarily indicative of the
timing of recognition of revenue there from or the level of revenue for any
particular period.
PTC and its logo, Pro/ENGINEER, Wildfire, Windchill, 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 Relations Contact: Public Relations Contact:
Meredith Mendola Roberta Carlton
(781) 370-6151 (781) 370-5479
mmendola@ptc.com rcarlton@ptc.com
SOURCE PTC
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Related links:
http://www.ptc.com
http://www.uniteddefense.com
CONTACT:
Investor Relations, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com, or Public Relations, Roberta
Carlton, +1-781-370-5479, rcarlton@ptc.com
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