"The fact that we have chosen PTC's ProductView as the corporate visualization solution emphasizes the spread of 3-D-based working processes within the Volkswagen group and its increasing penetration with virtual product development," said Dr. Trac Tang, Director of IS Product Development at the group's headquarters in Wolfsburg, Germany.
"The premier task of PTC's ProductView is to provide a uniform tool for the visualization of 3-D data throughout the wide array of corporate processes. As a part of our integrated product data management infrastructure (iPDM), ProductView is also available to users who have no access to a CAD workstation," Dr. Tang continued.
"We are very pleased to be able to extend our cooperation with the Volkswagen group," stated Paul Cunningham, executive vice president of Worldwide Sales at PTC.
"Not only does ProductView enable visualization and collaboration for 2-D and 3-D data from all CAD systems including Pro/ENGINEER, AutoCAD, CATIA, I- DEAS, Unigraphics and SolidWorks, as well as from many ECAD solutions -- it also allows the visualization of data from other graphics applications, office programs or spreadsheets. All in all, ProductView supports over 150 different formats and systems."
PTC develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 35,000 customers worldwide. Further information on PTC is available at http://www.ptc.com/ or call 1-888-782-3776, ext. 901.
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 success of our initiatives to facilitate our customer's understanding of the benefits of our PLM solutions, including return on investment and value creation; our successful development and integration of the technology necessary to offer an integrated Product Development System that adequately responds to evolving customer requirements; our efforts to successfully compete in the MCAD industry by differentiating our MCAD offerings by targeting synergies with Windchill; the success of our partnering, distribution and customer satisfaction initiatives; the success of our cost reduction initiatives; and the effects of a weakening economy which may impact the overall demand for software and related services; 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.
PTC and its logo, Product First, The Product Development Company, Create Collaborate Control, Simple Powerful Connected, Pro/ENGINEER, Wildfire, 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.
Investor Contact Information Public Relations Contact Information Meredith Mendola Joe Gavaghan 781-370-6151 781-370-5074 Email Contact Email Contact
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