PTC's Pro/ENGINEER Cuts Mold Design Time by 75%
WALTHAM, Mass., Nov. 3 /PRNewswire/ -- PTC (Nasdaq: PMTC), a leading
provider of mechanical computer-aided design (MCAD) solutions, today announced
that it has received a $1 million order from Hon Hai Precision Component
Manufacturing. The software was shipped during PTC's first fiscal quarter
(ending December 30, 2000).
(Photo: http://www.newscom.com/cgi-bin/prnh/20000821/NEM002LOGO )
Hon Hai, which operates in the U.S. as Foxconn Electronics, Inc.,
manufactures computer peripherals for customers including Compaq, Dell, Apple,
Intel, and Cisco. Among PTC's largest mold design customers worldwide, Hon Hai
plans to expand the use of PTC engineering solutions throughout various
departments over the next 12 months. With the current deployment of PTC's
Pro/ENGINEER, Hon Hai had experienced a significant reduction in mold design
time from their previous 20-day period to just 5 days, a reduction of 75%.
"Today's manufacturers demand leading-edge technologies behind-the-scenes,
like PTC's engineering solutions, to help them deliver products in the
fastest, most efficient way possible," said Trenton Brown, executive vice
president, International Sales at PTC. "This is where PTC excels. As a valued
customer, Hon Hai already recognizes these tremendous benefits and we are very
pleased to offer additional software products and services to support to their
growing business needs."
About PTC's Engineering Solutions
The PTC i-Series of flexible engineering solutions, based on PTC's award
winning Pro/ENGINEER software and the practices of PTC Global Services, is a
group of design and engineering solutions focused at addressing collaborative
product commerce engineering initiatives. These solutions are relied on daily
by more than 250,000 users to drive their worldwide product development and
engineering functions. The solutions use unique approaches with many
patent-pending and award-winning technologies such as Pro/ENGINEER behavioral
modeling that captures engineering knowledge and allows designers to innovate
new products more rapidly and effectively. The PTC i-Series of flexible
engineering solutions, underpinned by PTC's Windchill software, also feature
Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and
PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric
Technology Corporation), develops, markets, and supports product development
solutions for collaborative product commerce (CPC) solutions that help
manufacturing companies shape innovation and achieve competitive advantage in
the Internet age. These B2B e-commerce solutions employ powerful Web-based
collaboration and flexible engineering technologies to streamline product
development and delivery processes. PTC's software solutions are complemented
by the strength and experience of PTC Global Services, which provides
training, consulting, support, and e-commerce services to customers worldwide.
With PTC's CPC solutions, manufacturers can take advantage of the Internet to
improve product quality, reduce costs, and shorten time-to-market cycles. PTC
can be reached at 781-398-5000, or via the Web at http://www.ptc.com.
About Hon Hai Precision Component Manufacturing
Hon Hai is a worldwide leader in the business of OEM/ODM manufacture of
computer peripherals including connectors, cable assemblies, chassis,
risercards, switches, keyboards, CD-ROMs and thermal products.
Internationally, Hon Hai Precision Industry Co. Ltd. has significant
manufacturing operations in China, the United States and Europe.
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 risks and uncertainties include PTC's ability to
anticipate and adequately respond to evolving customer requirements and to
deliver products and services that meet those requirements together with such
other risks and uncertainties as are detailed from time to time in reports
filed by PTC with the Securities and Exchange Commission, including PTC's most
recent reports on Form 10-K and 10-Q. The announcement of any particular sales
order is not necessarily indicative of the timing of recognition of revenue
from such order or the level of revenue for any particular period.
PTC, Pro/ENGINEER, Windchill, Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM,
CDRS, InPart, CADDS, MEDUSA, 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. Names of
products from other vendors mentioned in this document may be trademarks or
registered trademarks of their respective owners.
Investor Relations Contact: Public Relations Contact:
John G. Mokas Rhonda J. Morgan
(781) 398-5561 (651) 765-3065
/CONTACT: John G. Mokas, 781-398-5561, or email@example.com, or media,
Rhonda J. Morgan, 651-765-3065, or firstname.lastname@example.org, both of PTC/
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PRN Photo Desk, 888-776-6555 or 201-369-3467/
/Company News On-Call: http://www.prnewswire.com/comp/152380.html or fax,
800-758-5804, ext. 152380/
/Web site: http://www.ptc.com/
CO: PTC; Hon Hai Precision Component Manufacturing; Foxconn Electronics, Inc.
ST: Massachusetts, China
IN: CPR MLM
-0- Nov/03/2000 13:02 GMT
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