Supervisory and Executive Board of Leading Global Automotive Supplier Sign Major Strategic and Long-Term Partnership with PLM Vendor PTC to Support Process and IT Harmonization on a Global Scale
NEEDHAM, Mass. — (BUSINESS WIRE) — July 27, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Continental has selected Windchill, PTC’s PLM (product lifecycle management) solution, as its global standard for product development in its Automotive Group.
“PLM is a key component of our IT-Strategy, which aims at standardizing and harmonizing the IT landscape at Continental Automotive,” said Ralf Brunken, CIO at Continental Automotive Group. “As a result of our assessment among several PLM vendors, we selected PTC’s Windchill for its strong technological performance and for the company’s value-oriented approach which both are critical when engaging in such a strategic and long-term partnership.”
Continental will replace its existing PLM system and standardize its three automotive divisions – Chassis & Safety, Powertrain and Interior – on PTC’s Windchill platform. The integral, web-based Windchill solution will be used as the worldwide PLM backbone for engineering change, multi-CAD data management, ECAD data management as well as for third-party integration, thus enabling seamless process integration and global collaboration. Windchill is ultimately expected to support more than 12,000 users in both engineering and non-engineering departments.
“In today’s global economy, a PLM solution is mission critical for a company in the automotive industry,” said Wolfgang Schaefer, CFO at Continental Corporation. “We expect PTC’s Windchill solution to improve our engineering processes and product quality.”
James E. Heppelmann, CEO-elect and president at PTC commented, “Shrinking margins, globalization, and increasing regulatory requirements have put strong pressure on the highly competitive automotive industry. In such an environment, companies have an intense need to optimize their business processes. We are thrilled that Continental has chosen Windchill to support this critical business initiative. In addition to providing world-class technology, our global service organization will support Continental in defining world-class engineering processes and introducing Windchill to the extended enterprise. We look forward to expanding our long-standing partnership with Continental.”
About the Continental Corporation
With sales of approximately €20 billion in 2009 Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes enhanced driving safety and global climate protection. Continental is also a competent partner in networked automobile communication. Continental currently employs approximately 138,000 in 46 countries.
The Automotive Group with its three divisions Chassis & Safety (sales of approximately €4.4 billion in 2009, 27,000 employees), Powertrain (sales of approximately €3.4 billion in 2009, 24,000 employees) and Interior (sales of approximately €4.4 billion in 2009, 27,000 employees) achieved sales of approximately €12 billion in 2009. The Automotive Group is present in more than 130 locations worldwide. As a partner of the automotive and commercial vehicle industry, it develops and produces innovative products and systems for a modern automotive future, in which cars provide individual mobility and driving pleasure consistent with driving safety, environmental responsibility and cost-efficiency.
The Chassis & Safety Division develops and produces electronic and hydraulic brake and chassis control systems, sensors, driver assistance systems, airbag electronics and -sensorics, washer systems and electronic air suspension systems. Its core competence is the integration of active and passive driving safety into ContiGuard®. The Powertrain Division integrates innovative and efficient system solutions for vehicle powertrains. The comprehensive range of products includes gasoline and diesel injection systems, engine management, transmission control, including sensors and actuators, as well as fuel-supply systems and components and systems for hybrid and electric drives. Information management is at the very heart of the Interior Division, which provides a range of products that includes instrument clusters and multifunctional displays, control units, electronic car-entry systems, tire-monitoring systems, radios, multimedia and navigation systems, climate control systems, telematics solutions and cockpit modules and systems.
For further information please visit: http://www.continental-automotive.com
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
The announcement of any particular selection of PTC software is not
necessarily indicative of the timing of recognition of revenue therefrom
or the level of revenue for any particular period. In addition, in many
cases PTC’s software must be successfully implemented and deployed to
enable the customer to achieve its business objectives. The announcement
of a customer’s selection of PTC software does not indicate that
applicable implementation and deployment activities are complete.