NRB Bearings has been a PTC customer since 1999 when it first deployed Pro/ENGINEER. As the complexity of its product requirements evolved, the company also adopted Windchill. This has resulted in an enhanced and streamlined product development environment at NRB, a key requirement for the company's vision of becoming one of the largest players in the global bearings market. "NRB is a great example of how organizations can adopt information technology in an efficient, scaleable and paced manner," said Dhiren Verma, director of automotive product and market strategy, PTC, Strategic Accounts, PTC India. "PTC is proud to support NRB as they transform into a global player," he added.
Mrs. H S Zaveri, president, NRB Bearings said, "In an increasingly challenging and competitive market environment, we need solutions that give us greater efficiencies and quicker time to market. With our standardization on PTC solutions for product development, we have been able to reduce our product design time substantially, which has a significant impact on our business. The ability to collaborate seamlessly across our locations, while allowing us the benefits of reduced costs is another great advantage of adopting PTC's solutions."
About NRB Bearings
NRB Bearings is a leading manufacturer of the widest range of bearings in India. The product range includes Needle Roller Bearings of all types, Cylindrical Roller Bearing, Special Tapered Roller Bearings and standard and non standard Ball Bearings for the automotive segment besides Spherical Roller Bearings and Wide Inner Ring Bearings for the other industrial applications.
Established in 1965, NRB pioneered the manufacture of Needle Roller bearings in India. NRB is a valued partner and a solution provider to original equipment manufacturers and a major supplier to the automotive sector both to the primary vehicle manufacturers as well as the Tier I and the Tier II ancillaries. It is NRB's vision to offer technology driven innovative bearing solutions to its customers. With the attainment of this vision in mind NRB set up its engineering centre in 2000 in Thane, near Mumbai, to enhance its design and development capabilities. New products for various applications helped NRB to further improve its position with Indian customers has considerably strengthened and also helped in gaining global customers. For more information on NRB, please visit http://www.nrbbearings.com
About PTC Solutions for Automotive
PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides enterprise 3D design, product data management and collaboration solutions to over 1,400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top 5 OEMs.
PTC (Nasdaq: 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 500 and Russell 2000 indices. For more information on PTC, please visit http://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. Such risks include the ability of PTC to develop the technologies necessary to deliver and support products and services that allow customers to implement an integrated and comprehensive product development system across an extended enterprise and which continues to meet evolving customer requirements; the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; as well as those that are detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of or standardization on PTC products 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, Pro/ENGINEER, Wildfire, Windchill, Windchill ProjectLink, Windchill PDMLink 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.
PTC Nicole Rowe, 781-370-6369 Corporate Communications Email Contact or Weber Shandwick for PTC Amanda Keane, 617-520-7260 Email Contact