Needham, MA, February 04, 2004 - PTC
(Nasdaq: PMTC), the product development company™,
today announced that Xyron, a global manufacturer
of supplies for the office, school and craft
markets, and its sister company, X Product
Development (XPD), a leading design and innovation
firm, have collaboratively purchased PTC’s Product
Development System solution to increase product
design efficiency and innovation. The agreement
was completed in PTC’s first quarter of fiscal
year 2004 ended January 3, 2004.
Xyron and XPD, which maintain manufacturing, sales
and distribution locations in California, Texas,
Denmark, United Kingdom, China and Tokyo,
purchased Windchill ProjectLink™ and Windchill
PDMLink™ with related training and support
services. Both companies, recently acquired by
Esselte, the leading global office supplies
manufacturer, have consequently, been called on to
support product development activities for a
portfolio that is more than 20 times that of
Xyron’s original product line – with the same
amount of resources.
"X Product Development is all about running flat
out to drive innovative products to market fast,"
says David Aitchison, Director of Product
Development at XPD. "That takes good people and
good communication with everyone from marketing to
manufacturing looking at the same page. The
Product Development System from PTC gives us the
collaboration and control we need to keep up the
pace."
“We are delighted with the benefits that Xyron is
realizing from our solutions,” said Paul
Cunningham, EVP of Worldwide Sales for PTC. “The
company’s product development process validates
our Product First approach and the Product
Development System.” About Xyron
Xyron’s innovative products make creative
expression easier, offering superior tools and
solutions for creative endeavors. Founded on
unique, proprietary technologies, Xyron products
are quick and easy to use; perfect for
transforming printer and other creative output
into works of art.
Xyron's ability to re-invent stalling categories,
and bring disruptive, game-changing products to
market, has brought otherwise complicated
"industrial" processes to the desktop, empowering
the end-user and improving productivity.
About Esselte
Esselte is the leading global office supplies
manufacturer with annual sales of approximately
USD 1.2 billion, subsidiaries in 26 countries and
5,900 employees worldwide. The company develops
innovative solutions that simplify the modern home
and workplace. Esselte sells more than 30,000
different office products in over 120 countries
and its principal brands include DYMO, Esselte,
Leitz, Oxford, Pendaflex and Xyron. Esselte was
founded in 1913 as SLT (Sveriges Litografiska
Tryckeri) after the union of 13 Swedish graphics
related companies. More information about Esselte
can be found by visiting
www.esselte.com.
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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