PTC Expands and Solidifies Leadership In Global Industrial
Equipment Market
Manufacturers Including Ingersoll Rand, York International
and Siemens AG Rely on PTC To Manage Challenges Facing
Industrial Markets
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Needham, MA, February 23, 2004 -
PTC (Nasdaq: PMTC), the product development company™,
is expanding its presence in the industrial equipment
industry with significant recent sales and implementations
to companies concentrated in Heavy Equipment, Industrial
Machinery, Automation & Control Equipment and Power Generation
& Distribution Equipment sectors and their respective
supply chains.
PTC now has an installed base of over 6000 Industrial
Equipment customers thanks to a suite of solutions that
address the issues confronting that market sector. These
include AGCO, Ingersoll Rand, Manitowac Crane, Timken,
York International, Masco, Copeland, Rexnord, Komatsu,
Mitsubishi-Hitachi Metals, Yonetany Die and Mold, Knorr-Bremse,
Dalian Machine Tool Group and Siemens AG.
“With today’s tight economy and excess capacity, reducing
product and manufacturing costs are critical to the survival
and success of our industrial clients, especially for
manufacturers of large Power Generation Equipment, Machine
Tools, and Heavy Equipment,” says Bill Berutti, Senior
Vice President of Marketing and Strategy at PTC.
“Our solutions help clients increase design reuse and
develop higher quality, lower cost products by involving
the supply chain in the design or re-design process. Furthermore,
Industrial Machinery manufacturers and Power Generation
component suppliers are interested in tools that help
them respond to RFPs faster, and more accurately. This
is especially a challenge because they need to work with
outside parties to deliver a winning bid response.”
Many US and European based Heavy Equipment and Machinery
manufacturers are moving design and/or manufacturing to
multiple global locations to achieve the competitive advantage
of ‘design-anywhere, build-anywhere’ flexibility” adds
Abe Chaves, PTC Director of Industrial Equipment Market
Development. “This requires consistency of design data
across manufacturing plants and flawless supply chain
collaboration and coordination.”
“Design Anywhere, Build Anywhere” now a reality at Ingersoll
Rand
“We can make the make/buy decision literally at a moment’s
notice. This enables us to meet our design-anywhere, build-anywhere
directive,” says George Ashley of Ingersoll-Rand, a leading
diversified-industrial firm, in a recent case study. Ingersoll
Rand is using PTC® Solutions to leverage engineers around
the world, allowing them to work collaboratively with
manufacturing and suppliers, enabling true “Design Anywhere,
Build Anywhere, 24-7.”In another case study example, York
International, the largest independent supplier of heating,
ventilating, air-conditioning, and refrigeration equipment
in the United States, provided the best product in its
class at the lowest cost in the industry by redesigning
an existing product more efficiently. York partnered with
PTC to make their Modular Design initiative possible.
“Compared to our other software package, we cut our costs
in half with PTC Solutions. Saving 90 percent in design
changes was due completely to the inherent qualities of
Pro/ENGINEER®,” said Talford Perkins of York International.
AGCO boosts efficiency and reduces cost with PTC’s PLM
AGCO, one of the world's largest manufacturers, designers
and distributors of agricultural equipment which promotes
business in more than 140 countries through more than
8,000 dealers, is using PTC’s integral PLM environment
globally to create digital product models, collaborate
globally in the development of products and manage and
control the product development process throughout the
products’ lifecycle. This approach increases efficiency
and reduces overall product development costs.
“Windchill ProjectLink™ has allowed us to extend collaboration
throughout the non-CAD part of our organization as well
as to our customers and everyone else on the project team,”
notes Steven Scally of Babcock Power Inc., a leading worldwide
supplier of fully integrated environmental solutions for
utility power plants, waste-to-energy facilities and large
industrial applications. “Windchill ProjectLink really
fits in well because it helps us manage information better.
The latest information is right at your fingertips. Everyone
has a single repository to check on things. And it’s all
Web-based, which is another aspect that we really like
because we have a lot of dispersed project team members,
customers and vendors. They need a platform that goes
with them wherever they go.”
PTC global study to further define how industrial manufacturers
succeed
To ensure a strong focus on the critical issues in this
industry, PTC and RWTH Aachen, a top European center for
manufacturing research, have initiated a Global Research
Study with leading Industrial Manufacturers worldwide
to better understand their product development strategies
and capabilities, and the resulting impact on their financial
performance. Senior executives, responsible for leading
new product development activities, have been surveyed.
Conclusions and findings are being compiled by industry
experts and will be available in mid 2004. PTC will use
these results to help further define what factors contribute
to the success of its Industrial Manufacturing clients.
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.
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