"Our customers face mounting pressure to deliver better products faster and at a lower cost," said Jim Heppelmann, executive vice president and chief product officer, PTC. "We have responded to this challenge by delivering industry-leading solutions that automate key product development processes. With an integration between Pro/ENGINEER and Mathcad, customers will be able to take advantage of innovative new capabilities that help automate the upfront engineering process, which is typically disconnected, manual and error-prone."
The integration between Mathcad and Pro/ENGINEER is a bi-directional link between the two applications. Users of these solutions can easily associate any Mathcad file with a Pro/ENGINEER part or assembly using the analysis feature in Pro/ENGINEER. Critical values calculated in Mathcad can be mapped to parameters and dimensions in the CAD model to drive the geometric design. Parameters from a Pro/ENGINEER model can also be input into Mathcad for downstream engineering design calculations. The integration offers dynamic updates to calculations and the CAD drawing when parameters are changed. Additionally, Mathcad-driven Pro/ENGINEER designs can now be validated using Pro/ENGINEER Mechanica(R) structural, thermal, fatigue and mechanism analysis solutions.
Key benefits of the integration between Pro/ENGINEER and Mathcad include:
-- Predictive engineering - provides customers with a way to predict the behavior of their models, which yields better designs and decreases the number of design iterations in the product development process
-- Productivity and product quality improvements - enables efficient and accurate data exchange between applications, eliminating error-prone manual steps in the product development process
-- Improved traceability and audit capabilities - enhances the ability to verify, validate, and audit engineering work and design results by providing clear documentation of design calculations which are directly linked to CAD models
-- Regulatory and standards compliance - improves ability to document regulatory and engineering standards compliance throughout the product development process
PTC is demonstrating the new integration to nearly 2,000 PTC customers at the PTC/USER World Conference June 5-7, 2006. The new capabilities were highlighted in Jim Heppelmann's keynote address, as well as in daily informative user sessions and demonstrations in the PTC Pavilion at the conference exhibit hall.
Product Integration Availability
The first generally available integration between Pro/ENGINEER and Mathcad is scheduled for mid-August, in the Pro/ENGINEER Wildfire 3.0 M030 maintenance release.
Customers currently using Pro/ENGINEER Wildfire 2.0 can download a toolkit-based application that will enable them to link Mathcad worksheets to Pro/ENGINEER Wildfire 2.0 models. This less formal integration will allow Mathcad users to utilize Mathcad parameters in Pro/ENGINEER models, and is expected to become available in July 2006. Mathsoft customers who do not use Pro/ENGINEER will continue to be able to leverage Mathcad as a stand-alone solution. PTC is committed to further developing the solution for customers in key markets not traditionally served by PTC, such as process manufacturing, architecture, engineering and construction, government and education.
Mathcad is the internationally recognized standard for engineering calculations and applied mathematics. The Mathcad product family provides an intuitive, comprehensive, interoperable, and scalable solution that enables customers to protect investments and intellectual capital while improving organizational efficiency and productivity. Ninety percent of Fortune 1000 companies, 500 government agencies and 2,000 colleges and universities around the world use Mathcad to capture the strategic value in their engineering calculations.
PTC 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.
Statements in this press release that are not historic facts, including statements about the integration and support of Pro/ENGINEER and Mathcad products are forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. Those risks and uncertainties include the following: the market for, and customer adoption of, calculation solutions may not grow as quickly as we expect; we may be unable to retain and maintain relationships with key employees, distributors, customers and other strategic partners of Mathsoft, including those within markets and vertical industries with which PTC has little experience; we may be unable to adequately support multiple solutions acquired through strategic business development initiatives in industries outside of PTC's traditional customer base as well as other risks and uncertainties 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 and its logo, The Product Development Company, Pro/ENGINEER, Mathcad, 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 Investor Contact: Meredith Mendola, 781-370-6151 Email Contact or Media Contact: Nicole Rowe, 781-370-6369 Email Contact