Provides Design and Team Flexibility to Support Strategic Objectives
NEEDHAM, MA. – August 31, 2009 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Swiss-based ROWA Tunneling Logistics AG has chosen PTC CoCreate for the design and development of its complex international projects. CoCreate is PTC’s explicit 3D CAD modeling and data management software that provides companies with a lightweight and flexible approach to designing products.
ROWA works with external partners worldwide to develop tunneling machinery, plants and systems from concept to installation. Whether for underwater tunnels in New Zealand or Spain; the Niagra Tunnel; the Alps Transit; or 80 meter mining tunnels in China, ROWA’s installations and special solutions for tunnel drilling machinery are in demand worldwide.
ROWA relies upon the CoCreate explicit modeling software from PTC to develop these unique projects. The explicit modeling approach provides the highest level of design flexibility to meet changing customer requirements for individualized projects with tight timelines. Users can quickly and easily create 3D models and radically modify them throughout the entire design process.
PTC CoCreate Model Manager™ is also of enormous value for ROWA. The team works on the same model instead of partial models that are later fitted together manually. All designers, including external resources, are automatically informed when changes to a component are made. This eliminates interfacing errors down the line. With CoCreate Model Manager, ROWA can develop systems with over 150,000 parts.
“Every one of our projects is unique, so it’s important that any designer can take over a model, modify it and continue development without knowledge of its origin,” said Werner Schiesser, CAD manager at ROWA. “Customer requested changes to a component affect the work of other designers, who have to update their parts accordingly, so it is imperative that we use explicit modeling to work directly on the geometry. We attribute our competitive edge to PTC CoCreate.”
“PTC CoCreate Modeling® is ideal for companies that develop customized products and have to respond quickly and flexibly to last minute customer requests,” said Martin Neumüller, CoCreate product management director, PTC. ”We are pleased that PTC CoCreate is a strategic part of the ROWA enterprise strategy.”
About ROWA Tunneling Logistics AG
Founded in 1972, ROWA Tunneling Logistics AG, headquartered in Wangen, Switzerland, was founded in 1972. During the 80’s, the company developed from an engineering firm for construction and process engineering to ROWA Engineering AG, one of the world’s most active and successful specialists for plants in underground construction and logistics systems. Today ROWA develops machinery and plants and complete systems for underground construction and supports projects from concept to installation and operation. A core function is the high performance follow-up drilling process for conventional and mechanical tunnelling.
About PTC
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 CAD and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, 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.
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: PTC's successful continued development of the technologies necessary to offer explicit modeling solutions as part of its evolving product lifecycle management (PLM) solutions suite; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including development, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver multiple classes of PLM products and services that meet customer requirements, the success of PTC’s customer satisfaction initiatives and our ability to retain and maintain relationships with key employees, distributors, customers and other strategic partners of CoCreate; and our ability to effectively utilize our resources to support multiple PLM product suites while maintaining recurring operations at satisfactory levels to achieve our operating margin goals, together with such other risks and uncertainties as are 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. The announcement of any particular selection of 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, CoCreate, CoCreate Model Manager, CoCreate Modeling 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.
