United Technologies Licenses Machining Optimization Technology to CGTech

   United Technologies Licenses Machining Optimization Technology to CGTech

Will enable CGTech to offer new product that significantly improves
productivity in automated machining processes for aerospace, automotive and
industrial applications

PR Newswire

HARTFORD, Conn., Aug. 20, 2014

HARTFORD, Conn., Aug. 20, 2014 /PRNewswire/ --

  oCGTech will integrate UTC's technology within its VERICUT® cutting process

  oBenefits include reduced development time, shorter cycle times, less
    process variation, longer machine life and improved part quality

  oUTC has experienced machining productivity improvements of up to 50

United Technologies Corp. (NYSE: UTX) has executed a licensing agreement with
CGTech, a specialist in computer numerical control (CNC) simulation software
for manufacturing, that will help improve productivity for machining equipment
operators. The agreement allows CGTech to integrate UTC's PromptFM^TM
machining process optimization technology within CGTech's VERICUT cutting
process simulation software.

United Technologies Corp.

PromptFM, developed by UTC, is a physics- and mathematics-based modeling
software designed to optimize machining rates for machined parts within
aerospace, automotive, industrial and other markets that utilize automated
machining. PromptFM seeks to determine the optimum speeds for a cutting
process and make the CNC machine cut in the most efficient, fast and reliable
way, based on the type of material being cut. The software was created by UTC
specifically to be compatible with VERICUT, which is used throughout the CNC
machining industry to simulate the cutting process to detect errors, potential
collisions or areas of inefficiency.

The licensing agreement will enable the development of a software product that
is capable of reducing development time, cycle times and process variation,
and enabling longer machine life and improved part quality. The terms of the
licensing agreement were not disclosed.

"This agreement with CGTech is just one more example of UTC's strategy to
accelerate innovation and drive productivity within UTC and also with a much
broader audience," said Kelly Romano, UTC vice president of business
development. "The widespread adoption and integration of this leading software
technology has the opportunity to drive efficiency throughout the machining

Since implementing PromptFM in its own internal machining processes, UTC has
seen productivity improvements of up to 50 percent.

"CGTech sees significant value in the widespread adoption of this technology,
both for existing VERICUT customers and for any business using machining in
its manufacturing processes," said Jon Prun, president of CGTech. "UTC has
demonstrated the value of this optimization technology within its own
operations, and we are excited to bring additional capabilities to what is
already the industry standard for CNC machining simulation."

Headquartered in Irvine, California, CGTech specializes in numerical control
simulation, verification, optimization and analysis software technology for
manufacturing. To learn more about CGTech, visit its website at
www.CGTech.com, or follow the company on Twitter: @VERICUT_CGTech.

United Technologies Corp., based in Hartford, Connecticut, provides
high-technology products and services to the building and aerospace
industries. To learn more about UTC, visit its website at www.utc.com, or
follow the company on Twitter: @UTC.

Contact: Danielle Smith,
UTC Public Relations 860-728-6238

Logo - http://photos.prnewswire.com/prnh/20140122/NE50390LOGO

SOURCE United Technologies Corp.

Website: http://www.utc.com
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