-- Results Led to Accelerated Adoption of New Pro/ENGINEER(R) Wildfire(TM)--
NEEDHAM, Mass., Dec. 11 /PRNewswire/ -- PTC (Nasdaq: PMTC) today announced
that longtime PTC customer Babcock Power Environmental, Inc. of Worcester,
MA., a leading worldwide supplier of fully integrated environmental solutions
for utility power plants, waste-to-energy facilities and large industrial
applications, has achieved a 69 percent proficiency improvement in its use of
Pro/ENGINEER as a result of PTC's new Digital Model Definition Optimizer.
For Babcock Power, which also makes power-producing equipment and
services, such as boilers and fuel burning equipment, the ability to rapidly
and accurately create business proposals is essential to effectively competing
in the highly competitive global power market. The benefits of the Digital
Model Definition Optimizer were so compelling that Babcock accelerated plans
to move to Pro/ENGINEER Wildfire, the latest version of PTC's award-winning
design and development software.
PTC's Digital Model Definition Optimizer is a service offering that
targets improvements in people, processes and technology through a mix of
face-to-face and Web-based training on both an individual and group basis. In
addition, process consulting and a technology evaluation with recommendations
are provided. PTC guarantees a 20 percent increase in Pro/ENGINEER proficiency
as a result of this service offering.
At Babcock, the Digital Model Definition Optimizer exposed new and
underutilized functionality to Babcock's users, leading to greater individual
and process efficiencies. Engineers saw top down design techniques improve by
111 percent and large assembly management techniques improved by 40 percent.
Babcock also experienced a 53 percent improvement in assembly opening time, 38
percent less computer memory used, and improved morale and increased
confidence among Pro/ENGINEER users, further amplifying productivity.
"PTC, through its Digital Model Definition Optimizer, brought the baseline
skill set of Pro/ENGINEER users up a level, so that work can now be
distributed to anyone on the team," reported Mike Rider, Babcock's Engineering
Resource Manager. "Now I don't have to always find my 'go to' person when I
have a challenge. All of our users are 'go to' people.
"Before the Digital Model Definition Optimizer, we didn't have the time,
the flexibility, or the Pro/ENGINEER skills to iterate on proposals for new
business while still meeting our customers' deadlines. We can now deliver a
proposal with a detailed representation of our custom environmental control
system - complete with the correct geometry and weights. Generating proposals
this rapidly gives Babcock a huge competitive advantage. Our return on
investment was immediate and dramatic," Rider noted.
For more information on the PTC Digital Model Definition Optimizer, please
visit http://www.ptc.com/go/dmdo
About Babcock Power
Babcock Power provides fully integrated environmental solutions for
utility power plants, waste-to-energy facilities, and large industrial
applications. Babcock Power has become a market leader in the field of
environmental air pollution control technology.
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 include: the success of our initiatives to
facilitate our customer's understanding of the benefits of our PLM solutions,
including ease of use, return on investment and value creation; the timing and
acceptance of Pro/ENGINEER Wildfire and our efforts to successfully compete in
the MCAD industry by differentiating our MCAD offerings by targeting synergies
with Windchill; the ability of our education and certification programs to
bolster the adoption of our software solutions, including Pro/ENGINEER
Wildfire; 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, The product Development Company, Pro/ENGINEER, Wildfire,
Windchill, Windchill ProjectLink, Windchill PDMLink, 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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