"The PTC Product Development System offered us the biggest potential to realize benefits such as seamless and effective collaboration with our key accounts as well as with our internal departments," said Jacques Lanners, Spokesman of the Executive Board of CERATIZIT group. "Having Windchill as our data management platform will also enable our R&D team to develop new products and technologies faster, to better cover existing markets and quickly address new markets."
The initial focus of the deployment is on linking Windchill PDMLink to SAP(R) to allow the seamless sharing of information. At the same time the company will optimize its methodology for digital model definition to help improve the productivity of its design engineers. Over time, CERATIZIT plans to extend the use of the Product Development System across geographic boundaries to other European offices.
CERATIZIT has been a PTC customer since 2001, when it standardized on Pro/ENGINEER as its CAD platform because of its ability work with data to manage old and new CAD data. "CERATIZIT's decision to expand its relationship with PTC and implement our Product Development System will support their strategic objectives of better addressing new markets," said Marc Diouane, Divisional Vice President Europe, PTC. "Even though the company is a global leader in the hard material business, it faces tough competition especially from the Asian markets. To maintain its leadership it needs to develop innovative high quality products and reduce product costs at the same time. PTC Product Development System will help CERATIZIT to maximize its productivity."
CERATIZIT develops, produces and sells innovative carbide grades and tooling systems for applications in the cutting tool sector and where high performance is required. CERATIZIT has Worldwide 12 production units in Europe, USA and Asia. The group is employing about 4,000 people in more than 20 countries. With more than 100 people in R&D CERATIZIT is putting a lot of emphasis on the innovation and the development of new product. For more information on CERATIZIT, please visit www.ceratizit.com.
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 successful development and integration of the technology necessary to offer integrated PLM solutions that address product lifecycle management functions across an extended user base and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 or expansion in the use of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.
PTC, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, Windchill PDMLink, Windchill ProjectLink, ProductView 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. SAP is a registered trademark of SAP AG Germany.
PTC Corporate Communications Europe Nicole Rowe, 781-370-6369 Email Contact or For PTC Weber Shandwick Amanda Keane, 617-520-7260 Email Contact