Digital ship design and manufacturing technologies have been widely adopted in countries with advanced shipbuilding operations and powerful naval equipment. To keep pace in this competitive global market, China's leading ship research & design institution, CSDC, decided to adopt a standard PLM platform to increase the efficiencies of its geographically dispersed design teams.
"In 1992, CSDC adopted PTC CADDS5 shipbuilding 3D design solution," said Cheng Lan, director at the Computation Center of CSDC. "More recently, with the implementation of Windchill as our enterprise-level product lifecycle management system, we now have the ability to create and manage content and processes within a single product development system from one solutions vendor. This has helped us realize improvements in the whole process of ship research and design, and has greatly increased our core competitiveness."
After deploying Windchill, CSDC experienced significant improvements in key business metrics in its R&D department. All ship development data is now centralized in electronic formats easily accessible by all levels of staff for retrieval and reference. This significantly enhances the reusability of design data during model ship development. By using electronic examination, the progress of model ship design was able to dynamically reflect the establishment of a meticulous project management system of "pre-plan, mid-control, and final-feedback" for ship research and development. By closely integrating with the ship's parallel design system based on CADDS5, the breakthrough of an effective combination of ship 3D design and project plan management was achieved. The China Research & Design Center project vision is focused on enterprise-wide adoption of PLM technology as a mechanism to digitize its design and management processes.
"We are very pleased to assist CSDC in achieving world-class standards in its product development process," said Richard Prince, director of Aerospace & Defense market strategy, PTC. "This deployment is indicative of the relevance of PTC software solutions and process methodologies supporting not only core product development processes but also directly integrating project management activities. PTC is fully committed to helping the China Research & Design Center become differentiated and continue to achieve excellence in product development."
About China Ship Research & Design Center
China Ship Research & Design Center (ex-named as China Shipbuilding Heavy Industry Corporation No. 701 Institute), founded in 1961, is an important subordinate research institute of China Shipbuilding Heavy Industry Corporation and an extra-large state-owned enterprise directly controlled by the central government of China. It is a core scientific research institution in the field of national defense, taking charge of China's whole ship design, research and development. Over 40 years, it has developed hundreds of products and thousands of various ships for customers from both domestic and abroad, and created many pioneer examples in China ship design areas, acting as a main contractor of a number of national key projects.
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 all 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 50,000 organizations 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 Midcap 400 and Russell 2000 indices. For more information on PTC, please visit 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 requirements of the global aerospace and defense industry ; continued growth in the adoption of PLM solutions; and our effective coordination and manage joint activities (including development, integration, sales, marketing, implementation and support) with strategic technology partners to deliver and support an integrated suite of solutions; we may be unable to adequately support while maintaining our profitability multiple solutions, including those 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 the Company's most recent reports on Form 10-K and 10-Q. The announcement of the adopting of PTC solutions by a particular industry or market vertical 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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