announce strategic relationship: ICAD integrates its Knowledge-Based
Engineering system with PTC's Pro/ENGINEER(R) mechanical design
Business Editors & Computer Writers
WALTHAM, Mass.--(BUSINESS WIRE)--April 26, 1994--Parametric
Technology Corp. (NASDAQ: PMTC), developer of the Pro/ENGINEER family
of mechanical design automation software, Tuesday announced that it has
entered into a strategic relationship with ICAD Inc. of Cambridge,
As part of this relationship, ICAD has joined Parametric
Technology's Cooperative Software Program (CSP), which enables
companies with complementary product offerings to integrate their tools
into the Pro/ENGINEER environment.
As a new CSP member, ICAD has integrated its Knowledge-Based
Engineering software, The ICAD System(TM), with Pro/ENGINEER. The
resultant product -- ICAD Integration to Pro/ENGINEER(R) -- combines
the feature-based, fully associative mechanical design automation
capabilities of Pro/ENGINEER with The ICAD System, which contains
knowledge and expertise contributed by a company's most experienced
Through the Pro/ENGINEER interface, users can access this
expertise to automatically select, size, configure, and position
Pro/ENGINEER geometry. By introducing knowledge from various
corporate disciplines up-front in the product-development process --
and freeing engineers from time-consuming, error-prone tasks -- ICAD
Integration to Pro/ENGINEER(R) helps companies focus on reducing time
to market and improving quality.
"We are pleased that ICAD has joined the Cooperative Software
Program and integrated its knowledge-based system with Pro/ENGINEER,"
said Louis J. Volpe, Parametric Technology's senior vice president of
marketing and operations. "PTC customers using The ICAD System
recognize the value of leveraging past successes, and will benefit from
ICAD's new product through easier access to their expert knowledge."
"The integration of PTC's feature-based software and ICAD's
knowledge-based software provides companies the power to access their
best product-development practices while further leveraging their
investment in Pro/ENGINEER," said Larry Rosenfeld, chairman and CEO
of ICAD. "We are enthusiastic about partnering with PTC to make the
benefits of engineering automation available to our joint customers."
ICAD is the world's leading provider of Knowledge-Based Engineering
(KBE) software and services. Its customers rank among the most
innovative manufacturing companies in the aerospace, automotive,
industrial equipment and consumer products industries. ICAD's products
provide knowledge-driven automation models which produce
order-of-magnitude improvements in engineering lead-time, greatly
reducing time to market and product costs while maximizing product
Parametric Technology Corp. has emerged as the leader in the
mechanical design automation industry. Its new generation of
CAD/CAM/CAE technology is revolutionizing the mechanical design
automation process with a strategy that emphasizes technological
leadership, aggressive price/performance, hardware independence,
worldwide distribution, and extensive customer support.
NOTE TO EDITORS:
Pro/ENGINEER is a registered trademark of Parametric Technology
Corporation. The ICAD System is a trademark of ICAD Inc.
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