NEEDHAM, Mass.—(BUSINESS WIRE)—May 16, 2007— PTC (Nasdaq: PMTC), the Product Development Company(R), today announced it has acquired NC Graphics Ltd., headquartered in Cambridge, England. The acquisition of NC Graphics is in direct response to customer demand for specialized CAM capabilities required for molds, dies and prototypes. With its Computer Aided Manufacturing (CAM) technology, NC Graphics delivers best-of-breed software for optimizing tool making and high-speed precision machining processes. NC Graphics has more than 1,500 customers in multiple discrete manufacturing vertical markets such as aerospace, automotive, medical equipment and motorsports. With this acquisition, PTC strengthens the link between product design and manufacturing, offering its customers faster production of molds and dies. As a result, parts will be available sooner and at a higher quality level than other non-integrated solutions.
Mold and die shops serve customers using a wide variety of CAD
systems to model their products. The ability to create molds and dies
quickly and accurately is important to the manufacturing process and
overall product development cycle and vital for their business.
Additionally, the quality of an end product depends directly on the
quality of the tooling. With this acquisition, PTC now offers an open
solution to any toolmaker or company requiring high-speed precision
machining CAM software, regardless of the source of CAD data. These
companies will be able to optimize their mold and die making processes
to deliver more complex products faster and with less cost.
NC Graphics has revolutionized the process of producing NC
machining toolpaths for molds, dies, and other high-speed precision
applications from 3D CAD models. Mold and die makers need this
capability to help them optimize their processes to deliver more
complex products with less manufacturing lead time and at lower cost.
The companies that rely on these outsourced mold and die makers are
able to decrease overall product development time, better enabling
their response to market demands.
"The global economy is intensely competitive, and the design and
manufacturing of mold and die tools is typically on the critical path
of a new product introduction cycle," said James Heppelmann, executive
vice president software products and chief product officer, PTC. "This
acquisition allows customers to work more effectively with their
outsourced toolmaker partners by connecting customer CAD data with the
toolmaker's CAM system."
PTC has always appreciated the important connection between
product design and manufacturing having delivered a broad set of CAM
solutions as part of the Pro/ENGINEER(R) product family. Subsequently,
PTC expanded its manufacturing strategy with its acquisition of
Polyplan for manufacturing process management. The acquisition of NC
Graphics, best known for its technology distributed under the DEPOCAM
name, further enhances PTC's ability to help customers optimize their
manufacturing processes. Combining NC Graphics' mastery of high-speed
machining with PTC's Pro/ENGINEER solutions for tool design provides a
powerful, end-to-end solution for tool production.
"Today, mold and die design for manufacturing are often outsourced
to companies that specialize in developing the fixtures that are used
in production processes," said Arthur Flutter, founder and managing
director of NC Graphics. "The combination of PTC and NC Graphics will
enable manufacturers to effectively manage the data and enable
collaboration across multiple locations and suppliers in the supply
chain to deliver better quality tools resulting in a design that can
be easily manufactured."
NC Graphics customers will be able to continue to use NC Graphics
technology stand-alone or as an integral part of PTC's Product
Development System (PDS). PTC will offer the NC Graphics technology
under the new product name, Pro/TOOLMAKER(TM). Both NC Graphics and
PTC are committed to openness and support for heterogeneous
environments. Moving forward, PTC plans to manage tool paths created
using Pro/TOOLMAKER in Windchill(R), just as it manages Pro/ENGINEER
and other CAD data, providing a single source of data that improves
secure collaboration among designers, tool makers and manufacturers.
PTC and NC Graphics have many joint customers. One such customer
is Racing Technology Norfolk, a member of the Express Composites Group
and a leader in advanced composites design, engineering and rapid
prototyping for the Motorsports and racing markets. "As a customer of
PTC and NC Graphics solutions, we are excited about the opportunity
that a best of breed integrated CAM technology will offer," said David
Coates, group projects director, Racing Technology Norfolk, Ltd.
"PTC's continued investment in manufacturing solutions will enable our
Group to achieve business benefits such as improved time-to-market,
improved quality and improved customer satisfaction."
The timing of any product release or integration, including any
features or functionality, is subject to change at PTC's discretion.
About NC Graphics Ltd
NC Graphics offers leading high-speed machining CAM solutions
optimized for tool making and high-speed, precision machining
processes. Best known for their market-leading technology distributed
under the DEPOCAM name, NC Graphics has revolutionized the process of
producing NC machining toolpaths for molds and dies. The privately
held company was founded in 1977 by Dr. Arthur Flutter. Today, NC
Graphics has 15 employees located in Cambridge, England. For more
information on NC Graphics, please visit
PMTC) provides leading product lifecycle management
(PLM), content management and dynamic publishing solutions to more
than 40,000 companies 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,
Statements in this press release that are not historic facts,
including statements about expanding PTC's addressable markets through
the acquisition of N.C. Graphics, the future integration and support
of PTC and NC. Graphics products and growth in the CAM market, are
forward looking statements that involve risks and uncertainties that
could cause actual results to differ materially from those projected.
Those risks and uncertainties include the following: We may be unable
to successfully develop the technology necessary to provide a
best-in-breed integrated CAM solution via N.C. Graphic's technology
and PTC products; the market for, and customer adoption of, integrated
CAM solutions may not grow as quickly as we expect; we may be unable
to retain and maintain relationships with key employees, distributors,
customers and other strategic partners of N.C.. Graphics, including
those within markets and vertical industries with which PTC has little
experience; we may be unable to adequately support multiple solutions
on a stand-alone and/or integrated basis that have been acquired
through strategic business development initiatives as well as other
risks and uncertainties detailed from time to time in reports filed by
PTC with the Securities and Exchange Commission, including PTC's most
recent reports on Form 10-K and 10-Q.
PTC and its logo, The Product Development Company, Pro/ENGINEER,
Windchill, Pro/TOOLMAKER, 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