Windchill is the only PLM solution designed from the ground up to work in an Internet-based, distributed design environment. Samsung SDI will adopt Windchill across the organization as its central source of information for products being designed and manufactured. Specifically, SDI intends to utilize Windchill for its Engineering Change Management, Part/Product Information Management, Bill of Materials (BOM) Management, Standards Management, Technical Document Management and Engineering Data Management requirements.
"For better performance in delivering products to the market, we are standardizing on our product development and management processes throughout the world," said Hyun-Soo Choi, Ph. D., executive vice president of process innovation team, Samsung SDI. "We have gladly selected PTC Windchill for Samsung's standardized PLM system. We trust its superior capabilities and look forward to working with PTC."
"Samsung SDI is a leading display and energy company and we are pleased to be their long-term strategic PLM partner," said Chad Hawkinson, vice president product strategy, electronics, PTC. "SDI's decision demonstrates that we are providing real-world business solutions to our customers and enabling them to be strong competitors in the electronics industry."
About Samsung SDI
Samsung SDI has been developing digital products on the global frontier for 37 years, and is a world leading display technology provider across a wide range of products, from the color Braun tube, to leading flat displays; PDP, LCD, OLED, and the Lithium-ion Battery. For more information, please visit http://www.samsungsdi.com/contents/en/main.jsp.
About PTC Solutions for Electronics & High Tech
PTC solutions for electronics & high tech are designed to meet the product lifecycle management requirements of electronics manufacturers. These solutions include product development process and data management, electronic verification and collaboration, environmental regulatory compliance (RoHS, WEEE, etc.) and 3D mechanical design. PTC has over 3,000 high tech customers, including the top 30 electronics manufacturers across the globe.
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 design, collaboration, development process automation, electronics verification, data management, quality assurance and regulatory testing requirements of customers within the high-tech and electronics industry; continued growth in the adoption of PLM solutions; PTC's ability to extend the functionality of our solutions beyond that traditionally served by PTC (including regulatory compliance); 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 for the electronics & high tech industry 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.
PTC and its logo, The Product Development Company, Windchill 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.