Phase PLM Adoption Project
Advances Strategic Process Improvement Initiatives in Powertrain
NEEDHAM, Mass.--(BUSINESS WIRE)--June 11, 2007
PTC (Nasdaq:PMTC), the Product Development Company(R), today
announced that Toyota Motor Corporation has deployed Windchill PDMLink
8.0, PTC's Product Lifecycle Management (PLM) solution, as part of a
strategic process improvement initiative for its Powertrain Division.
This initiative is aligned with Toyota's goal to improve the product
development processes that lead to quality improvement, productivity
gains and a reduction in powertrain development time. The deployment
of Windchill PDMLink is one of the achievements of a multi-year joint
development project PTC and Toyota began in 2002.
The objective of this project is to improve the product
development processes. Accordingly, PTC and Toyota worked together to
carry out analysis for process improvements and then determined which
technology should be adopted to achieve the targeted results.
Ultimately, Toyota envisions Windchill providing the foundation for
engineering data management for its powertrain division.
Toyota's decision to deploy Windchill is based upon the success
that they have achieved in design cycle time reduction and process
improvements for modeling and simulation with Pro/ENGINEER(R), PTC's
advanced 3D CAD software. By introducing PTC's PLM technology into the
areas of data management and collaboration, Toyota hopes to further
its continuous improvement of established process and leadership for
quality and technical innovation across its global power-train
"The partnership we have with Toyota is succeeding because of our
joint commitment to develop technology solutions that are focused on
providing process improvements that have tangible impact on Toyota's
ability to decrease its development costs and development times," said
Richard Harrison, president and CEO, PTC. "We are extremely pleased
that this mutually beneficial relationship has already delivered
improvements to Toyota's operations."
About PTC Solutions for Automotive Industry
PTC solutions for automotive are designed to meet the product
design and product life cycle management needs of both OEMs and
suppliers in the automotive industry. PTC provides enterprise
solutions such as 3D design, product data management and collaboration
solutions to over 1400 automotive manufacturers including 8 of the top
ten powertrain suppliers and 3 of the top 5 OEMs.
PTC (Nasdaq: PMTC) provides leading product lifecycle management
(PLM), content management and dynamic publishing solutions to more
than 40,000 companies worldwide. PTC customers include the world's
most innovative companies in manufacturing, publishing, services,
government and life sciences industries. PTC is included in the S&P
Midcap 400 and Russell 2000 indices. For more information on PTC,
please visit http://www.ptc.com.
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
include: the success of our initiatives to provide a robust and easily
deployable solution for the exchange of product and complementary
manufacturing and supply chain-related information between our
Windchill PLM solutions and other enterprise systems; the ability of
PTC to successfully partner and effectively coordinate and manage
joint activities (including development, implementation and support)
with technology partners in order to efficiently and cost effectively
deliver products and services that meet our customer's data exchange
requirements, and the success of PTC's customer satisfaction
initiatives in providing the foundation for long-term relationships
and repeat business, 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
deployment of PTC software is not necessarily indicative of the timing
of recognition of revenue therefrom or the level of revenue for any
PTC, the PTC logo, The Product Development Company, Pro/ENGINEER,
Windchill, Windchill ProjectLink and Windchill PDM Link are trademarks
or registered trademarks of Parametric Technology Corporation.
Nicole Rowe, 781-370-6369
Amanda Keane, 617-520-7260
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