Strategic Product Development System Addresses Globalization Challenges for Leading South African A&D ManufacturerNEEDHAM, Mass.—(BUSINESS WIRE)—Nov. 8, 2005— PTC (Nasdaq: PMTC), the Product Development Company(TM) today announced that Denel Aerospace Systems (DAS) has selected PTC Windchill solutions to improve its product development processes. productONE, the sub-Saharan Africa distributor of PTC Windchill and Pro/ENGINEER(R) solutions has executed this significant regional software and services transaction with a total value exceeding $1 million USD. The sale attests to the strength and sophistication of PTC's channel partners in supporting the PTC Product Development System (PDS). DAS has selected PTC's product lifecycle management (PLM) solutions Windchill PDMLink(TM) and Windchill ProjectLink(TM) for data management and collaboration. The software was shipped in the second quarter of fiscal 2005, ended April 2, 2005.
DAS, a division of Denel, specializes in systems development for the Rooivalk combat helicopter, missile and guided weapons systems, unmanned aerial vehicles (UAVs) and ground-based air defense systems (GBADS). DAS began evaluating PLM solutions in response to increasing pressure to improve cycle times and to become more competitive in executing its pipeline of programs in the global military and aerospace markets.
PTC Pro/ENGINEER software has been used as DAS's core design software to develop a range of military-focused products, including missiles and unmanned air vehicles. The deployment of the Windchill solutions will complete DAS's product development system, providing advanced collaboration ability for its geographically dispersed teams and strengthening its capabilities to manage product information and product development processes throughout the program lifecycle.
"PTC Windchill will allow DAS to collaborate in real-time on all aspects of the product development process internally, as well as externally with worldwide partners and suppliers, while also improving our process efficiencies," said Malcolm Blunden, group manager engineering services at DAS. "We expect to improve our design speeds and time-to-market by as much as 30% within the next two years by having a full product development system. The ability to deliver our products better and faster will increase our competitive advantage."
"Adoption of Windchill was a logical step for DAS in meeting their evolving globalization needs," said Dayne Turbitt, managing director, productONE. "The integral capabilities of Windchill enable DAS to leverage their existing Pro/ENGINEER implementation to create an advanced product development system."
"PTC solutions are ideal for aerospace and defense manufacturers that have to integrate design capabilities with product collaboration and data management in a distributed environment. We are very excited that South Africa's largest aerospace and defense manufacturer has selected our solutions to help address these challenges," said Berry Gibson, director aerospace and defense marketing and strategy, PTC. "Denel is highly respected in their industry, and we are looking forward to working with them and productONE to form a world-class product development system."
productONE is the exclusive sub-Saharan Africa distributor of Nasdaq-listed PTC, the developers of the Pro/ENGINEER suite of software. productONE boasts two key resellers: Automated Reasoning (Gauteng and Western Cape) and CaddMan Coastal (KwaZulu Natal and Eastern Cape). Local clients include Denel, Bell Equipment, Jetmaster, Spoornet, Bozal, Nissan Motorsport, the University of Cape Town and Stellenbosch University.
About PTC Solutions for Aerospace and Defense
PTC provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development. PTC is an industry leader with 18 of the top 20 A&D companies as customers.
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 500 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 risks and uncertainties include PTC's ability to anticipate and adequately respond to evolving customer requirements and successfully develop, integrate and support the technology necessary to deliver products and services that suitable for aerospace and defense customers, to successfully work across a diversified and expanded user base to deliver, integrate and support products and services that meet those requirements in heterogeneous environments, and to successfully work with third parties to develop, integrate and support technologies that will enable PTC to continue to offer competitive products 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 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.
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