-- Leading agricultural equipment manufacturer uses PTC(R) Pro/ENGINEER,
Windchill PDMLink, Windchill ProjectLink and Windchill PartsLink to enhance
competitiveness --
NEEDHAM, Mass., Dec. 1 /PRNewswire-FirstCall/ -- PTC (Nasdaq: PMTC) today
announced that AGCO Corporation (NYSE: AG), a worldwide designer, manufacturer
and distributor of agricultural equipment, has successfully standardized on
PTC's product lifecycle management (PLM) solutions, including Pro/ENGINEER(R)
Windchill PDMLink(TM), Windchill ProjectLink(TM) and Windchill
PartsLink(TM).The company is now implementing PTC's product development system
throughout its facilities as the result of a $6.5 million, three year contract
with PTC.
AGCO, which promotes business in more than 140 countries through more than
8,000 dealers, is using PTC's integral PLM environment globally to create high
fidelity digital product models, collaborate globally in the development of
products and manage and control the product development process throughout the
products' lifecycle. This approach enhances the company's competitiveness,
increases efficiency and reduces overall product development costs.
After successfully completing 20 acquisitions, AGCO has grown its business
to nearly $3 billion in sales and offers major product brands including
Fendt(R), Massey Ferguson(R), Hesston(R) and Challenger(R). AGCO is tasked
with communicating and collaborating with thousands of internal employees,
partners, distributors and independent dealers.
Based on its previous experience with PTC's Pro/ENGINEER, AGCO decided to
standardize on PTC PLM solutions in order to optimize the collaborative
product development efforts among these new areas of the company. The company
is also planning to move to Pro/ENGINEER Wildfire, the latest version of PTC's
industry-leading product design and development software.
"PTC offers the industry's only completely integral Product Development
System for PLM. This was a critical factor in our decision-making process,"
said Garry Ball, AGCO Senior Vice President of Engineering. "As we look to
maintain quality, increase efficiencies throughout our entire product
development environment and ultimately cut our costs, we're confident that PTC
is the right partner to help us achieve these goals."
AGCO won a PTC Design Award at the recent PTC/USER annual conference in
the Heavy Equipment category for its Challenger 660 combine farm vehicle. The
product was created using Pro/ENGINEER, MECHANICA(R) and Pro/SHEETMETAL(TM).
"With a strong heritage of delivering superior, reliable farm equipment,
AGCO has built a reputation for technical achievements," said Paul Cunningham,
SVP of Sales for PTC. "We're proud to work with AGCO as it continues to build
on its leadership position through a strong focus on its products."
About AGCO Corporation
AGCO Corporation, headquartered in Duluth, Georgia, is a global designer,
manufacturer and distributor of agricultural equipment and related replacement
parts. AGCO products are distributed in 140 countries. AGCO offers a full
product line including tractors, combines, hay tools, sprayers, forage
equipment and implements through more than 8,450 independent dealers and
distributors around the world. AGCO products are distributed under the brand
names AGCO(R), AgcoAllis(R), AgcoStar(R), Ag-Chem(R), Challenger(R),
Farmhand(R), FENDT(R), Fieldstar(R), Gleaner(R), Glencoe(R), Hesston(R),
Lor*Al(R), Massey Ferguson(R), New Idea(R), RoGator(R), Soilteq(R), Spra-
Coupe(R), Sunflower(R), Terra-Gator(R), Tye(R), White(R) and Willmar(R). AGCO
provides retail financing through AGCO Finance in North America and through
Agricredit in the United Kingdom, France, Germany, Ireland, Spain and Brazil.
In 2002, AGCO had net sales of $2.9 billion.
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 services across an expanded user that adequately respond
to evolving customer requirements, the acceptance of Pro/ENGINEER Wildfire and
our Windchill Link Solutions, both as stand-alone products and as 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 implementation is not
necessarily indicative of the timing of recognition of revenue from such
implementation or the level of revenue for any particular period.
PTC and its logo, The product Development Company, Pro/ENGINEER, Wildfire,
Windchill, Windchill ProjectLink, Windchill PDMLink, Windchill PartsLink,
MECHANICA, Pro/INTRALINK 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 Press Contact
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, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com, or Press Contact, Joe
Gavaghan, +1-781-370-5074, jgavaghan@ptc.com, both of PTC
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