Electronics companies today face a difficult challenge to comply with new environmental regulations from the European Union (RoHS and WEEE), as well as emerging regulations from across the globe. The partnership between PTC and IHS will provide the foundation by which a comprehensive environmental regulatory compliance management solution will be offered to address these challenges. This solution provides tools that help companies to manage component compliance data, determine the compliance of a product structure or BOM against a selected regulation (e.g., RoHS), and manage the change process to bring a non-compliant product structure into compliance.
According to Eric Karofsky, senior research analyst, AMR Research, "some of the OEMs' biggest problems with collecting content are as follows:
-- Difficulty finding and verifying data for thousands of parts from suppliers across the world
-- Component information changes rapidly, hindering the validity of static content
-- Compliance data not readily accessible to multiple groups, such as engineering, design, and procurement
-- Reporting in multiple languages and formats that are acceptable to each legislating body."
"Companies in the electronics supply chain ultimately need real-time content that is integrated with a robust Product Data Management (PDM) system," adds Karofsky.
As a result of the recent acquisition of the i2 Content and Data Services business, the IHS Parts Solution now includes the Parts Universe solutions, containing a comprehensive and complete electronic components reference database. Additionally, IHS's content services can source, produce, deliver and maintain environmental compliance content / data per each customer's individual needs. IHS also has an existing partnership with Underwriters Laboratories Inc.'s (UL) Restricted Substance Compliance Solutions (RSCS) services. The program leverages UL's extensive worldwide resources to help manufacturers address the challenges of compliance with thorough testing of homogenous products, database access to RSCS data and surveillance.
"Client's have been requesting integration of component information with PLM Solutions. With over 500,000 users, PTC is a tremendous opportunity to provide content and data services that will ultimately enable better overall design decisions," said Peter Lachapelle, solution vice president, IHS. "Access to this critical information and verification will ensure that PTC clients have one of the highest levels of formal due diligence and significantly improve the confidence of compliance for over 33,000 clients."
"Customers struggle with identifying and correcting component selection problems during design," said Chad Hawkinson, director of electronics and high tech marketing and strategy, PTC. "By bringing IHS Content and Data Services to Windchill users, we're providing designers with the tools to make better decisions at the beginning of the design process enabling companies to better meet product cost targets, launch dates and support goals, while ultimately being compliant with the various regulations."
IHS is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics, and automotive. IHS serves customers ranging from governments and large multinational corporations to smaller companies and technical professionals in more than 100 countries. Our customers rely on our offerings to facilitate decision making, support key processes and improve productivity. We have been in business for more than 45 years and employ more than 2,300 people around the world.
About PTC Solutions for Electronics & High Tech
PTC solutions for electronics & high tech are designed to meet the product lifecycle management requirements of electronics manufacturers. These solutions include product development process and data management, electronic verification and collaboration, environmental regulatory compliance (RoHS, WEEE, etc.) and 3D mechanical design. PTC has over 3,000 high tech customers, including the top 30 electronics manufacturers across the globe.
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 include: the successful development and integration of the technology necessary to support an integrated Product Development System that adequately responds to the evolving customer design, data management and regulatory requirements of customers within the high-tech and electronics industry; PTC's and IHS's ability to effectively coordinate and manage joint activities (including development, sales, marketing, implementation and support) to facilitate our customers' understanding of the benefits of a comprehensive and integrated regulatory compliance solutions and to deliver products and services that meet evolving customer requirements; continued growth in the adoption of PLM solutions; and PTC's ability to extend the functionality of our solutions beyond that traditionally served by PTC (including regulatory compliance); as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q.
Any use of the terms "partner", "partnership", "alliance" (or similar terms) to describe the relationships between PTC and its various service providers refers solely to the spirit of cooperation between the parties and does not describe, or expressly or by implication create, a legal partnership or joint venture or any responsibility by one party for the actions of the other.
IHS is a registered trademark of Information Handling Services Inc. All other company and product names may be trademarks of their respective owners. Copyright (C) 2006 IHS Inc. All rights reserved.
PTC Nicole Rowe, 781-370-6369 Corporate Communications Email Contact or For PTC Weber Shandwick Amanda Keane, 617-520-7260 Email Contact