Agreement Replaces Legacy PLM System
NEEDHAM, Mass. — (BUSINESS WIRE) — January 26, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Cummins Inc., has selected Windchill, PTC’s Product Lifecycle Management (PLM) software, as its global enterprise PLM system.
“Cummins has made the concept of Design Anywhere, Build Anywhere a cornerstone of its business initiatives and commitment to customers,” said Chris MacAslan, director, global PLM, Cummins. “In switching to Windchill, we are looking to optimize accessibility throughout all functional areas of our PLM environment. In particular, the Windchill solution will allow us to best achieve our compliance and productivity goals and successfully extend our competitive advantage.”
The integral nature of PTC’s product development system will allow Cummins to streamline and accelerate its key development and product introduction processes as well as advance its global productivity. With Windchill, Cummins will be able to achieve the accessibility, compliance and pure performance objectives of its core business initiatives.
“As the largest independent maker of diesel engines and related products in the world, Cummins is a clear global power leader, delivering into worldwide markets,” said Paul Cunningham, executive vice president worldwide sales and distribution, PTC. “With this competitive legacy displacement we are excited to now deliver the innovation that will help Cummins further increase its productivity and market leadership position.”
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.3 billion in 2008. Press releases can be found on the Web at cummins.com.
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.
PTC and its logo, The Product Development Company, and Windchill are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.