MUNICH, June 19 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC), the product
development company(TM), today announced that the Volkswagen group is
employing PTC's ProductView software as a group-wide standard for the
visualization of 3-D data created in the product development process.
During the last two years, PTC has delivered approximately 1,600 licenses of
its visualization software to Volkswagen, half of which are in production with
further expansion of the installed license base already planned.
"The fact that we have chosen PTC's ProductView as the corporate
visualization solution emphasizes the spread of 3-D-based working processes
within the Volkswagen group and its increasing penetration with virtual
product development," said Dr. Trac Tang, Director of IS Product Development
at the group's headquarters in Wolfsburg, Germany.
"The premier task of PTC's ProductView is to provide a uniform tool for
the visualization of 3-D data throughout the wide array of corporate
processes. As a part of our integrated product data management infrastructure
(iPDM), ProductView is also available to users who have no access to a CAD
workstation," Dr. Tang continued.
"We are very pleased to be able to extend our cooperation with the
Volkswagen group," stated Paul Cunningham, executive vice president of
Worldwide Sales at PTC.
"Not only does ProductView enable visualization and collaboration for 2-D
and 3-D data from all CAD systems including Pro/ENGINEER, AutoCAD, CATIA, I-
DEAS, Unigraphics and SolidWorks, as well as from many ECAD solutions -- it
also allows the visualization of data from other graphics applications, office
programs or spreadsheets. All in all, ProductView supports over 150 different
formats and systems."
About PTC
PTC 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. The company services
more than 35,000 customers worldwide. Further information on PTC is available
at http://www.ptc.com 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 include: the success of our initiatives to
facilitate our customer's understanding of the benefits of our PLM solutions,
including return on investment and value creation; our successful development
and integration of the technology necessary to offer an integrated Product
Development System that adequately responds to evolving customer requirements;
our efforts to successfully compete in the MCAD industry by differentiating
our MCAD offerings by targeting synergies with Windchill; the success of our
partnering, distribution and customer satisfaction initiatives; the success of
our cost reduction initiatives; and the effects of a weakening economy which
may impact the overall demand for software and related services; 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 and 10-Q.
PTC and its logo, Product First, The Product Development Company, Create
Collaborate Control, Simple Powerful Connected, 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 Contact Information Public Relations Contact Information
Meredith Mendola Joe Gavaghan
781-370-6151 781-370-5074
mmendola@ptc.com jgavaghan@ptc.com
SOURCE PTC
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Related links:
http://www.ptc.com
CONTACT:
Investor Contact Information: Meredith
Mendola, +1-781-370-6151, mmendola@ptc.com, or Public Relations
Contact Information: Joe Gavaghan, +1-781-370-5074,
jgavaghan@ptc.com
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