ITT required a system that would expand its ability to leverage intellectual capital and improve design collaboration. Ultimately, PTC's solutions were chosen because they deliver out-of-box capabilities that are easy to use and can be deployed quickly. "We are very pleased that ITT has chosen to expand its relationship with PTC and standardize on Windchill," said Berry Gibson, director, aerospace and defense product & market strategy, PTC. "Windchill PDMLink helps Aerospace and Defense customers efficiently manage and securely share digital product and program information from a single Web-based environment. This results in faster product development, higher quality, and lower costs."
"Windchill PDMLink provides us with the control and collaboration capabilities needed to achieve a predictable and repeatable product development process," said Frank Koester, vice president, Space Systems Division and director, Engineering and Operations, ITT's Space Systems Division. "The increased efficiencies help us to better serve our end customers."
About ITT Industries, Inc.
ITT Industries, Inc. ( www.itt.com) supplies advanced technology products and services in key markets including: fluid and water management including water treatment; defense communication, opto-electronics, information technology and services; electronic interconnects and switches; and other specialty products. Headquartered in White Plains, NY, the company generated $6.8 billion in 2004 sales.
In addition to the New York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific, Paris, London and Frankfurt exchanges.
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 successfully develop, integrate and support the technology necessary to deliver products and services suitable for aerospace and defense customers, to successfully work across a diversified and expanded user base to deliver, integrate and support products and services implemented in heterogeneous and geographically disperse 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 implementation or standardization of PTC software is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.
PTC and its logo, The Product Development Company, Windchill, Windchill PDMLink, Info*Engine and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.
PTC Nicole Rowe, 781-370-6369 Email Contact or Weber Shandwick Amanda Keane, 617-520-7260 Email Contact