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Technology Stocks : PTC
PTC 198.54+0.6%Oct 31 9:30 AM EST

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To: SEAL#6 who started this subject1/22/2001 8:33:59 AM
From: Paul Lee   of 3646
 
Automotive Industry Chooses PTC Solutions to Overcome Design Challenges


PTC Solutions Ease Design and Collaboration Processes for Automotive

Manufacturers Worldwide

NEEDHAM, Mass., Jan. 22 /PRNewswire/ -- PTC (Nasdaq: PMTC), the product development company, today announces its continued commitment to providing top-quality software to meet the automotive industry's demanding needs. In support of their commitment to product development, PTC provides design and collaboration solutions for the automotive industry that enable manufacturers of automotive cars and parts to produce superior products. Today, PTC showcases customer stories of businesses affiliated with the automotive industry.

(Photo: newscom.com )

"Companies throughout the automotive industry -- whether consumer or racing, parts or assembly -- are looking increasingly towards quality design, surfacing, and collaboration tools to provide the edge they need to outperform the competition," said Barry Cohen, executive vice president of marketing at PTC. "PTC's Flexible Engineering solutions offer state-of-the-art features that decrease design time and cost, and allow automotive design teams to focus on innovation, providing them with major competitive advantages. Further, PTC's Windchill solutions enable organizations to leverage their global workforce to address design and engineering challenges, collapsing time to market and fueling new development."

The unique design and surfacing functionality of PTC's solutions provide state of the art tools for the highly competitive worldwide automotive design market. PTC software has been selected to develop some of the finest automobiles in the world, and has installations in place at top-tier automotive suppliers. PTC's commitment to shortening time-to-market and facilitating relationships between automobile manufacturers and their suppliers is evident in its Windchill solutions, which allow companies to seamlessly integrate outsourced information, parts, and designs into a vehicle development program.

For consumer automobiles, the outside aesthetics -- or surface -- of a car is vital to its success. With PTC's surfacing products, automobile developers can cut time-to-market by reducing the number of physical models, while increasing the ability to modify the design precisely and frequently (See today's related release, "ICEM Technologies Unveils ICEM 2001 Styling and Surfacing Solutions"). PTC's surfacing solutions, which include its ICEM Styling and Surfacing solutions, are used extensively throughout the automotive industry worldwide. PTC's surfacing tools are also implemented throughout the automotive supplier community and at virtually all of the world's leading auto manufacturers.

PTC's Performance Teams -- competitive teams, such as racecar teams, who use PTC's solutions -- have achieved incredible success through their work with PTC. Team Rahal, a widely recognized Championship Car innovator competing in the CART FedEx Championship Series, has been using PTC software since 1996.

"PTC's tools allow us to streamline and become more productive; we are more creative in our designs and have confidence that our designed component will work the first time," said Bryan Holzinger, design engineer at Team Rahal. "PTC's flexible engineering solutions help us to stay competitive and win races by allowing us to be responsive to our drivers' needs, while their collaboration tools enable us to coordinate with our suppliers without losing proprietary information. And PTC is always coming out with new and innovative software packages to help us design new components for our cars in a more efficient way."

Automotive companies that have selected or deployed PTC products include:

* Audi - (See ptc.com

Dana Corporation - (See ptc.com

Dynasty Motorcar Corporation - (See today's release)

Fiat Auto SpA - (See ptc.com

Ford Motor Company - (See ptc.com

General Motors - (See media.gm.com

Helle KG Hueck & Co - (See ptc.com

INA Werk Schaeffler oHG - (See ptc.com

Kid Jensen Racing - (See ptc.com

LuK GmbH - (See ptc.com

Meritor - (See ptc.com

National Automotive Center - (See ptc.com

Penske Racing - (See ptc.com

PSA Peugeot Citroen - (See icem.com

San Diego State University - (See today's related release)

SEAT Sport - (See ptc.com

Team Rahal - (See ptc.com

Toyota Racing Development - (See ptc.com

UNOVA Industrial Automation Systems, Inc. - (See ptc.com

Visteon Automotive Systems - (See ptc.com

ZF AG - (See ptc.com

And also, BMW, Daimler-Benz, European Formula Racing, Honda, Hornby Hobbies Plc, Jaguar, Land Rover, Lotus, NREL - Center for Transportation Technologies & Systems, Oral Engineering, Porsche, Shelby American, Volkswagen, Volvo, Welter Racing.

For related releases and additional information about PTC's success in the automotive industry, please visit: ptc.com
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