PMTC's latest gimmick!
Monday June 19, 8:09 am Eastern Time
Company Press Release
PTC And BuyPlastics.com Partner
Windchill Technology Fuels New Collaborative Web Space
CAMBRIDGE, Mass. & WALTHAM, Mass.--(BUSINESS WIRE)--June 19, 2000--Under a partnering arrangement, BuyPlastics.com is using PTC's (Nasdaq:PMTC - news) Windchill technology as a primary technical infrastructure for the BuyPlastics.com collaborative Web community. BuyPlastics.com provides secure Web access, software, tools, and portals for online collaboration for innovation in plastics products. Windchill provides collaborative product commerce (CPC) capabilities to allow manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. These Windchill capabilities mesh with BuyPlastics.com's mission to provide collaborative software solutions that allow plastics industry players to optimize design and bring innovation to market quickly.
Under the arrangement, PTC is providing Windchill functionality for plastics industry needs, tailoring the technology specifically for the BuyPlastics.com Web site. Once concluded, BuyPlastics.com will act as an application service provider (ASP) for members of their collaborative web-community. In addition, BuyPlastics intends to leverage PTC's large, qualified Pro/ENGINEER and Windchill customer base to rapidly expand its market presence. Financial details of the arrangement were not released.
``BuyPlastics shares our view of the power of collaboration on the Web,'' said Jim Heppelmann, executive vice president and general manager, Windchill Netmarkets Solutions for PTC. ``The deployment of Windchill on BuyPlastics.com validates the strength and security of Windchill's Web-based architecture to support collaborative product development on public exchanges. Our technology will be specifically tuned for their customers' needs, allowing BuyPlastics.com's users to shorten and improve their product development process.''
``The Windchill engine gives our site the capability for customers to promote design innovation, communicate with vendors, and extract the expertise and value of everyone involved in bringing plastics products to market,'' said Chuck Hoar, president of BuyPlastics.com. ``Windchill is simply the best-of-breed for technical and engineering collaboration on the Web. We're excited about working with PTC, both for PTC's long-standing leadership in the engineering world and because Windchill will help our customers get products to market faster.''
About PTC's Web-based Collaboration Solutions
Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.
Because this wide array of capabilities is Web-based, BuyPlastics.com permits every player in the supply chain to contribute to collaborative design and production projects managed by OEMs. The deep integration of multiple sources of information and data, the ability to view products and projects from many perspectives, and the overall synchronization and management functionalities, all will be important in the BuyPlastics.com world.
About PTC
PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable 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. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the Web at ptc.com.
About BuyPlastics.com
Founded by four veterans of the plastics supply chain, Cambridge, Mass.-based BuyPlastics.com is creating a uniquely comprehensive Web-based community and infrastructure. The site is designed to bring products to market faster, and to give original equipment manufacturers (OEMs), processors, and suppliers of the plastics industry the shortest possible path to the collaborative design, production, and management of products throughout their lifecycle.
BuyPlastics.com is the first to provide a neutral, business-to-business, design collaboration and product management e-community tailored to support the plastics industry. Centered at buyplastics.com, the new site will be operational by September.
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.
PTC, Parametric Technology Corporation and Windchill, are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation, or its subsidiaries, in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.
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Contact:
Roberta Carlton, PTC
Phone: 781-398-5479
Fax: 781-398-5536
rcarlton@ptc.com
or
Chuck Hoar, BuyPlastics.com Inc.
Phone: 617-719-2724
Fax: 617-225-7809
choar@buyplastics.com
or
Aaron Katz, USA Chicago
Phone: 312-444-9570
Fax: 312-444-9426
akatz@usachicago.com |
