Deployment Marks a Milestone of the Multi-Year Joint Research and Development
Agreement between PTC and Toyota
New Powertrain Development Projects Leverage New Process and Design
Improvements including Standardizing on Pro/ENGINEER(R) Wildfire(TM) 2.0
NEEDHAM, Mass., June 14 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC), the
Product Development Company(TM), today announced the deployment of
Pro/ENGINEER Wildfire 2.0 at Toyota's Powertrain Division. The solution rolls
out PTC's Pro/ENGINEER Wildfire 2.0 as the powertrain development standard,
incorporating dozens of improvements for powertrain development, which Toyota
and PTC conceived and developed over the last 18 months. The deployment is a
part of the multi-year, joint process redesign and development initiative PTC
and Toyota signed in May 2003.
Since standardizing on Pro/ENGINEER for powertrain in 2002, Toyota has
achieved improvements in design cycle time, introduced new lean product
development techniques, and furthered its established leadership in the areas
of continuous improvement, quality leadership and technical innovation. This
phase builds on that success by introducing innovative new PLM technology into
their process in the areas of 3D engineering, analysis, manufacturing
planning, drawing creation and interoperability.
"PTC has been a skilled and experienced partner to us throughout this
major undertaking to improve our processes throughout the Powertrain
Division," said Mr. Mikio Satoh, Toyota's general manager of Corporate IT.
"PTC's comprehensive Product Development System clearly aligns with Toyota's
approach to product design and development and we anticipate significant
benefits to our process through this deployment."
"Toyota is renowned for its absolute focus on engineering and
manufacturing excellence and PTC is proud to partner with them in this
strategic use of PLM technology," said Dick Harrison, president and CEO of
PTC. "The ability of our solutions to support and enable this undertaking is a
tremendous validation of our vision, our approach and our offerings. We are
confident that PTC will continue to help Toyota lead the industry in
continuous process improvement."
Toyota's standardization on Pro/ENGINEER Wildfire 2.0 reinforces PTC's
special focus on the powertrain segment of the transportation industry.
Industry leaders such as VW, BMW, Hyundai, Fiat, Volvo Truck, Daihatsu, Hino
Motors, Tata Motors, ZF, Mannesman AG, Visteon, Robert Bosch, Eaton, Dana, AVL
and Cummins have selected PTC based on the business benefits provided by
Pro/ENGINEER.
Pro/ENGINEER is the industry leader providing the power and performance
required for delivering high performance products in the powertrain field
while providing users with a simple, intuitive, and connected experience.
"The deployment of this phase is only the beginning of what Toyota and PTC
envision for state-of-the-art design and process improvement," said PTC Senior
Vice President of Product Management, Brian Shepherd. "More joint work is
already underway and promises to continue to improve the powertrain product
development process even further."
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that
help manufacturers win with superior products. With a total commitment to
product development and product lifecycle management (PLM), the Company
services more than 35,000 customers worldwide. PTC is included in the S&P 500
and Russell 2000 indices. Further information on PTC is available at
http://www.ptc.com/index.htm.
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: the effective
coordinate of our joint research and development initiatives with Toyota;
PTC's ability to successfully coordinate and manage joint activities with
third parties (including integration of third party technology, development,
implementation and support) in order to provide products and services that
deliver a comprehensive product development system for an expanded user base;
the success of our partnering and 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 U.S. Securities and Exchange Commission,
including PTC's most recent reports on Form 10-K and 10-Q. The announcement
of any particular deployment 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 Product Development Company, Product First, 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.
Public Relations Contacts:
Maria Battaglia Amanda Keane
PTC Global Public Relations Weber Shandwick Worldwide
617-233-4372 508-237-7975
mbattaglia@ptc.com akeane@webershandwick.com
SOURCE PTC
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Related links:
http://www.ptc.com
CONTACT:
Maria Battaglia of PTC Global Public
Relations, +1-617-233-4372, mbattaglia@ptc.com; or Amanda Keane
of Weber Shandwick Worldwide, +1-508-237-7975,
akeane@webershandwick.com
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