announce strategic relationship
ICAD integrates its knowledge-based engineering system with PTC's
Pro/ENGINEER Mechanical Design Automation Software
CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 27, 1994--ICAD Inc., the
world's leading provider of Knowledge-Based Engineering (KBE) software
and services, today announced that it has entered into a strategic
relationship with Parametric Technology Corp. (PTC) of Waltham, Mass.
As part of this relationship, ICAD has joined PTC's Cooperative
Software Program (CSP), which enables companies with complementary
product offerings to integrate their tools into the Pro/ENGINEER
As a new CSP member, ICAD has integrated its Knowledge-Based
Engineering software, The ICAD System, with Pro/ENGINEER. The
resultant product - ICAD Integration to Pro/ENGINEER - 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
helps companies focus on reducing time to market and improving quality.
"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."
"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."
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.
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
The ICAD System is a trademark of ICAD Inc.
Pro/ENGINEER is a registered trademark of Parametric Technology
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