Bosch Group is a leading global supplier to the automotive industry but also offers a broad portfolio of industrial technology, power tools, security solutions and household appliances in more than 140 countries. Every day, thousands of Bosch scientists, engineers and technicians around the world are involved in the development of new products and systems, as well as innovative manufacturing processes. They are also devoted to the continuous improvement of existing products. In addition, the number of approximately 3,000 applications for patents in 2006 demonstrates what a vital role research and development has within the company.
"Our corporate strategy calls for Bosch to be at the forefront of the adoption of leading technology to improve our overall business efficiency and effectiveness. Within product development, this meant finding a solution that could deliver product information and process management, automated workflow management and other important processes like change and configuration management," said Lutz C. Napiwotzky, vice president Engineering Applications Corporate Sector Information and System Services at Bosch. "After several successful pilot projects we decided that extending our use of the PTC solutions Pro/ENGINEER and Pro/INTRALINK(R) by implementing a more complete Product Development System, including Windchill PDMLink, would be the best strategic move for us."
Adopting Windchill PDMLink offers Bosch Group expanded capabilities that are better suited to a global environment: heterogeneous CAD data management, change management, configuration management, and significantly improved performance across a Wide Area Network. Realizing a single data management platform for the Pro/ENGINEER CAD authoring tool will also reduce the number of additional applications necessary. All this leads to time and cost savings and greater flexibility in support and systems administration.
"Our divisions are relatively autonomous when selecting their preferred CAD and product development tools but will benefit from a flexible solution as a division-wide standard," explained Mr. Napiwotzky. "Based on the standardized platform every division using Pro/ENGINEER will run its own roll-out project to implement their specific configuration in accordance with their business needs." Bosch and PTC Global Services expect that Windchill PDMLink will be deployed in all divisions using Pro/ENGINEER by 2010.
"Bosch Group, as a global leader in automotive and industrial technology providing high quality products, needs efficient processes driven by an integrated Product Development System (PDS) to maintain the high level of quality while at the same time reducing costs and increasing productivity," said Jim Heppelmann, executive vice president and chief product officer, PTC. "A growing number of our customers are realizing the benefits of adopting a faster and more efficient product development system. PDS provides access to a whole new set of capabilities with solutions such as Windchill ProjectLink(TM) and Arbortext(R), allowing the global engineering community to focus on their core expertise."
About Bosch Group
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 260,000 associates generated sales of 43.7 billion euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering."
The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH. Additional information can be accessed at: http://www.bosch.com.
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 risks and uncertainties include the ability of PTC to develop the technologies necessary to deliver products and services that allow customers to implement an integrated and comprehensive product development system across an extended enterprise and which continues to meet evolving customer requirements; the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, as well as those that are detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular implementation of PTC products 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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