As a large-scale scientific research institution specializing in the development of coal mining equipment, the company's R&D center is equipped with more than 470 scientific research personnel, specializing in design work. Its central laboratory is recognized as one of the 36 laboratory accreditation institutes in South America, Europe, South Africa, Asia-Pacific and other regions. The design department had historically relied on 2D CAD as its sole design software. With market developments, customers of Shanxi Coal Machinery Equipment are increasingly demanding personalized and co-developed product design. As a result, the use of traditional 2D design is no longer able to best meet the needs of the technology development. Therefore, Shanxi Coal Machinery Equipment decided to select a new design tool that could better satisfy customer needs and enhance design accuracy. After a comprehensive analysis of various mainstream MCAD solutions in the market, the company chose Pro/ENGINEER.
"Using Pro/ENGINEER allows us to improve our productivity with greater automation and accuracy, thus enhancing our competitiveness in the industry, and establishing a solid foundation for our future development. In addition, E-Tech's high quality after-sales and training service constitute the most important technical guarantee for our enterprise to successfully adopt Pro/ENGINEER," said Mr. Zhi Wei Yan, Office Director of Shanxi Coal Machinery Equipment Co., Ltd.
"By taking advantage of the powerful and easy to use capabilities of Pro/ENGINEER, such as 3D design, analysis, visualization and automation, our customers are able to increase core competitive capabilities in the market." said Robert Kocis, divisional vice president, sales, PTC. "PTC is committed to helping customers like Shanxi Coal Machinery Equipment Co., Ltd., the leader in coal machinery equipment industry to realize their product automatic processing goals and enhance their productivity by using our overall product development solutions."
About Shanxi Coal Machinery Equipment Co., Ltd.
China Coal Research Institute Taiyuan Branch (China Coal Research Institute Shanxi Coal Machinery Equipment Co., Ltd.) a large-scale scientific research institution specializing in the development of coal mining equipment. Over 40 years after the establishment, Taiyuan Branch has created a number of No.1 in domestic coal mining equipment field. It has completed various research projects of more than 600 items, including 460 national or international level leading research results, 180 state and provincial and ministerial awards, and more than 100 approved and authorized patents. Many products of the company have filled the gaps in the aspect of mine machinery. The promotion and application of these scientific products have played a significant role on pushing the development of China's coal industry.
About PTC Solutions for SMB
PTC solutions for the small and medium business (SMB) market are designed to provide easy-to-use, yet scaleable 3D CAD/CAM/CAE solutions for manufacturing companies at an affordable price. In addition PTC provides dedicated product lifecycle management (PLM) solutions for the unique product data management and collaboration requirements to the midrange market. PTC currently serves over 35,000 SMB customers in 41 countries through more than 320 Value Added Resellers (VARs).
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 successfully partner and effectively coordinate and manage joint activities (including sales, marketing, development, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet the functional and price point requirements of small and medium businesses; the successful development and integration of the technology necessary to offer an integrated, flexible and scalable product development system that is able to adequately respond to the evolving requirements of both large and small customers in multiple vertical industries; 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 any particular selection 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.
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