SlideShare une entreprise Scribd logo
1  sur  3
GE and PTC Expand Collaboration with Reseller Agreement, Joint
Product Development, Sales and Marketing Activities
Companies to DeliverIntegrated PLM-MES Solution
NEEDHAM, MA and CHARLOTTESVILLE, VA – December 5, 2013–PTC(Nasdaq: PTC) andGE
Intelligent Platforms(NYSE: GE) today announced an acceleration in their joint effort to bring to
market a solution thathelps manufacturers close the loop between product design and
production execution on the shop floor.Beginning immediately, GE will resellthe PTC
Manufacturing Process Management software in combination with GE’s manufacturing
execution system (MES) software. While manufacturing information can be passed directly
from the PTC Windchill® solution to the GE Proficy for Manufacturing Discrete product today,
the companies expect to deliver an expanded closed-loop integrated solution in 2014.
PTC and GE share a common vision of an “Industrial Internet” where the future of
manufacturing is transformed by the surge of smart, connected products.As a result, the two
companies kicked off a series of joint sales, marketing, services, support, and product
development initiatives designed to collaboratively meet this fast-growing market demand.
GE and PTC are integrating offerings that are based on industry best practices for product
lifecycle management (PLM) and MES business processes. The joint solutionwillmanage a
closed loop of product information among engineering, manufacturing production and service.
Product structures and 3D product representations defined by engineering become the basis
for manufacturing routings and manufacturing bills of materials (mBOMs) which are then used
to manage shop floor activity and coordinate with ERP systems. Shop floor information, such as
the “as-built” BOM, can also be shared with PLM and ERP systems to complete the closed loop
with engineering. The complete view of a finished product can also be shared with a company’s
service organization to optimize service delivery and performance.Customers of the integrated
offering could achieve faster time to deployment and lowertotal cost of ownership.
“Manufacturers place a premium on their ability to introduce products faster, keep production
costs low, and keep product quality high,” said Jim Walsh, general manager, Software and
Services, GE Intelligent Platforms. “Essential to meeting these goals is ensuring that products
are built precisely as they were designed. PTC’s PLM solution is the best complement to our GE
Proficy solution and our organization is energized by the opportunity to offer a truly
differentiated solution to solve one of our customers’ most significant challenges.”
The “Industrial Internet” rapidly increases the complexity of creating ever smarter, connected
products. By closing the loop between early-stage engineering design activities, production
processes on the plant floor and the service organization, manufacturers can reduce errors,
increase flexibility in how they manage late-stage engineering changes, reduce work-in-process,
and, ultimately, accelerate new product introductions.
“The seamless flow of information across a discrete manufacturing organization, from design to
manufacturing to service, is the dream of all executives,” said Jim Heppelmann, president and
CEO, PTC. “That dream becomes a reality with the GE-PTC solution and we are excited to be
deepening our relationship with GE to address a real market need.”
Additional Resources
GE Proficy for Discrete Manufacturing
PTC Manufacturing Process Management Solutions
About PTC
PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage.
The company's technology solutions transform the way products are created and serviced
across the entire product lifecycle – from conception and design to sourcing and service.
Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 businesses in
rapidly-evolving, globally distributed manufacturing industries worldwide. Get more
information at www.ptc.com.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on
the toughest challenges. Finding solutions in energy, health and home, transportation and
finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.
For more information, visit the company's website at www.ge.com.
Forward Looking Statements and Risks
Statements in this press release about the expected combination of the solutions, including any
features or functionality or the timing thereof, are forward-looking statements and actual
results may differ materially as a result of changes or delays in the integration of the solutions.
PTC, Windchill and the PTC logo are trademarks or registered trademarks of PTC Inc. or its
subsidiaries in the United States and in other countries.
Contacts
PTC
Beth Ambaruch
952.435.5058
bambaruch@ptc.com

GE Intelligent Platforms
Elli Holman
508.698.7456
Elli.Holman@ge.com

WeberShandwick for PTC
Anand Savani
617.520.7290
asavani@webershandwick.com

Lois Paul & Partners for GE
Lucie Mann
617.986.5863
Lucie_mann@lpp.com

Contenu connexe

Plus de PTC

PTC Announces Vuforia Chalk App for Augmented Reality Communications
PTC Announces Vuforia Chalk App for Augmented Reality CommunicationsPTC Announces Vuforia Chalk App for Augmented Reality Communications
PTC Announces Vuforia Chalk App for Augmented Reality CommunicationsPTC
 
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...PTC
 
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLens
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLensPTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLens
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLensPTC
 
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four Quarters
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four QuartersPTC Product Lifecycle Management SaaS Bookings Double Over Last Four Quarters
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four QuartersPTC
 
PTC Marks 15 Years of Partnering with DoD STARBASE Program for Hands-On STEM...
PTC Marks 15 Years of Partnering with DoD STARBASE Program  for Hands-On STEM...PTC Marks 15 Years of Partnering with DoD STARBASE Program  for Hands-On STEM...
PTC Marks 15 Years of Partnering with DoD STARBASE Program for Hands-On STEM...PTC
 
Are You Delivering Customer-Centric Technical Illustrations?
Are You Delivering Customer-Centric Technical Illustrations?Are You Delivering Customer-Centric Technical Illustrations?
Are You Delivering Customer-Centric Technical Illustrations?PTC
 
Top 7 Considerations for High Velocity Maintenance
Top 7 Considerations for High Velocity MaintenanceTop 7 Considerations for High Velocity Maintenance
Top 7 Considerations for High Velocity MaintenancePTC
 
Three Keys to True Inventory Optimization
Three Keys to True Inventory OptimizationThree Keys to True Inventory Optimization
Three Keys to True Inventory OptimizationPTC
 
PTC and L&T Technology Services Unveil Industry 4.0 Center of Excellence
PTC and L&T Technology Services Unveil  Industry 4.0 Center of ExcellencePTC and L&T Technology Services Unveil  Industry 4.0 Center of Excellence
PTC and L&T Technology Services Unveil Industry 4.0 Center of ExcellencePTC
 
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaS
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaSHitachi Construction Machinery Adopts PTC Service Parts Management SaaS
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaSPTC
 
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...PTC
 
PTC Announces New ThingWorx Manufacturing Apps
PTC Announces New ThingWorx Manufacturing AppsPTC Announces New ThingWorx Manufacturing Apps
PTC Announces New ThingWorx Manufacturing AppsPTC
 
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...PTC
 
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...PTC
 
Healthcare & Med Device - LiveWorx Recommended Agenda
Healthcare & Med Device - LiveWorx Recommended AgendaHealthcare & Med Device - LiveWorx Recommended Agenda
Healthcare & Med Device - LiveWorx Recommended AgendaPTC
 
PTC Partner: LiveWorx Recommended Agenda
PTC Partner: LiveWorx Recommended AgendaPTC Partner: LiveWorx Recommended Agenda
PTC Partner: LiveWorx Recommended AgendaPTC
 
Integrity - LiveWorx Recommended Agenda
Integrity - LiveWorx Recommended AgendaIntegrity - LiveWorx Recommended Agenda
Integrity - LiveWorx Recommended AgendaPTC
 
Federal Aerospace & Defense - LiveWorx Recommended Agenda
Federal Aerospace & Defense - LiveWorx Recommended AgendaFederal Aerospace & Defense - LiveWorx Recommended Agenda
Federal Aerospace & Defense - LiveWorx Recommended AgendaPTC
 
Executive - LiveWorx Recommended Agenda
Executive - LiveWorx Recommended AgendaExecutive - LiveWorx Recommended Agenda
Executive - LiveWorx Recommended AgendaPTC
 
Engineer - LiveWorx Recommended Agenda
Engineer - LiveWorx Recommended AgendaEngineer - LiveWorx Recommended Agenda
Engineer - LiveWorx Recommended AgendaPTC
 

Plus de PTC (20)

PTC Announces Vuforia Chalk App for Augmented Reality Communications
PTC Announces Vuforia Chalk App for Augmented Reality CommunicationsPTC Announces Vuforia Chalk App for Augmented Reality Communications
PTC Announces Vuforia Chalk App for Augmented Reality Communications
 
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...
ThingWorx® Studio Brings Highly Immersive Augmented Reality Interactions to t...
 
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLens
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLensPTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLens
PTC to Accelerate Mixed Reality for Enterprises with Microsoft HoloLens
 
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four Quarters
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four QuartersPTC Product Lifecycle Management SaaS Bookings Double Over Last Four Quarters
PTC Product Lifecycle Management SaaS Bookings Double Over Last Four Quarters
 
PTC Marks 15 Years of Partnering with DoD STARBASE Program for Hands-On STEM...
PTC Marks 15 Years of Partnering with DoD STARBASE Program  for Hands-On STEM...PTC Marks 15 Years of Partnering with DoD STARBASE Program  for Hands-On STEM...
PTC Marks 15 Years of Partnering with DoD STARBASE Program for Hands-On STEM...
 
Are You Delivering Customer-Centric Technical Illustrations?
Are You Delivering Customer-Centric Technical Illustrations?Are You Delivering Customer-Centric Technical Illustrations?
Are You Delivering Customer-Centric Technical Illustrations?
 
Top 7 Considerations for High Velocity Maintenance
Top 7 Considerations for High Velocity MaintenanceTop 7 Considerations for High Velocity Maintenance
Top 7 Considerations for High Velocity Maintenance
 
Three Keys to True Inventory Optimization
Three Keys to True Inventory OptimizationThree Keys to True Inventory Optimization
Three Keys to True Inventory Optimization
 
PTC and L&T Technology Services Unveil Industry 4.0 Center of Excellence
PTC and L&T Technology Services Unveil  Industry 4.0 Center of ExcellencePTC and L&T Technology Services Unveil  Industry 4.0 Center of Excellence
PTC and L&T Technology Services Unveil Industry 4.0 Center of Excellence
 
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaS
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaSHitachi Construction Machinery Adopts PTC Service Parts Management SaaS
Hitachi Construction Machinery Adopts PTC Service Parts Management SaaS
 
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...
HIROTEC Selects ThingWorx Platform from PTC for Remote Monitoring and Real-Ti...
 
PTC Announces New ThingWorx Manufacturing Apps
PTC Announces New ThingWorx Manufacturing AppsPTC Announces New ThingWorx Manufacturing Apps
PTC Announces New ThingWorx Manufacturing Apps
 
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D ...
 
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...
PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for th...
 
Healthcare & Med Device - LiveWorx Recommended Agenda
Healthcare & Med Device - LiveWorx Recommended AgendaHealthcare & Med Device - LiveWorx Recommended Agenda
Healthcare & Med Device - LiveWorx Recommended Agenda
 
PTC Partner: LiveWorx Recommended Agenda
PTC Partner: LiveWorx Recommended AgendaPTC Partner: LiveWorx Recommended Agenda
PTC Partner: LiveWorx Recommended Agenda
 
Integrity - LiveWorx Recommended Agenda
Integrity - LiveWorx Recommended AgendaIntegrity - LiveWorx Recommended Agenda
Integrity - LiveWorx Recommended Agenda
 
Federal Aerospace & Defense - LiveWorx Recommended Agenda
Federal Aerospace & Defense - LiveWorx Recommended AgendaFederal Aerospace & Defense - LiveWorx Recommended Agenda
Federal Aerospace & Defense - LiveWorx Recommended Agenda
 
Executive - LiveWorx Recommended Agenda
Executive - LiveWorx Recommended AgendaExecutive - LiveWorx Recommended Agenda
Executive - LiveWorx Recommended Agenda
 
Engineer - LiveWorx Recommended Agenda
Engineer - LiveWorx Recommended AgendaEngineer - LiveWorx Recommended Agenda
Engineer - LiveWorx Recommended Agenda
 

Dernier

HTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesHTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesBoston Institute of Analytics
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationMichael W. Hawkins
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherRemote DBA Services
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024The Digital Insurer
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...apidays
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?Igalia
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
Advantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your BusinessAdvantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your BusinessPixlogix Infotech
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...DianaGray10
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptxHampshireHUG
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century educationjfdjdjcjdnsjd
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024The Digital Insurer
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAndrey Devyatkin
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Neo4j
 
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, AdobeApidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobeapidays
 

Dernier (20)

HTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesHTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation Strategies
 
GenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day PresentationGenCyber Cyber Security Day Presentation
GenCyber Cyber Security Day Presentation
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a Fresher
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...Apidays New York 2024 - The value of a flexible API Management solution for O...
Apidays New York 2024 - The value of a flexible API Management solution for O...
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?
 
Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024Tata AIG General Insurance Company - Insurer Innovation Award 2024
Tata AIG General Insurance Company - Insurer Innovation Award 2024
 
Advantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your BusinessAdvantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your Business
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, AdobeApidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
 

GE and PTC Expand Collaboration with Reseller Agreement, Joint Product Development, Sales and Marketing Activities

  • 1. GE and PTC Expand Collaboration with Reseller Agreement, Joint Product Development, Sales and Marketing Activities Companies to DeliverIntegrated PLM-MES Solution NEEDHAM, MA and CHARLOTTESVILLE, VA – December 5, 2013–PTC(Nasdaq: PTC) andGE Intelligent Platforms(NYSE: GE) today announced an acceleration in their joint effort to bring to market a solution thathelps manufacturers close the loop between product design and production execution on the shop floor.Beginning immediately, GE will resellthe PTC Manufacturing Process Management software in combination with GE’s manufacturing execution system (MES) software. While manufacturing information can be passed directly from the PTC Windchill® solution to the GE Proficy for Manufacturing Discrete product today, the companies expect to deliver an expanded closed-loop integrated solution in 2014. PTC and GE share a common vision of an “Industrial Internet” where the future of manufacturing is transformed by the surge of smart, connected products.As a result, the two companies kicked off a series of joint sales, marketing, services, support, and product development initiatives designed to collaboratively meet this fast-growing market demand. GE and PTC are integrating offerings that are based on industry best practices for product lifecycle management (PLM) and MES business processes. The joint solutionwillmanage a closed loop of product information among engineering, manufacturing production and service. Product structures and 3D product representations defined by engineering become the basis for manufacturing routings and manufacturing bills of materials (mBOMs) which are then used to manage shop floor activity and coordinate with ERP systems. Shop floor information, such as the “as-built” BOM, can also be shared with PLM and ERP systems to complete the closed loop with engineering. The complete view of a finished product can also be shared with a company’s service organization to optimize service delivery and performance.Customers of the integrated offering could achieve faster time to deployment and lowertotal cost of ownership. “Manufacturers place a premium on their ability to introduce products faster, keep production costs low, and keep product quality high,” said Jim Walsh, general manager, Software and Services, GE Intelligent Platforms. “Essential to meeting these goals is ensuring that products are built precisely as they were designed. PTC’s PLM solution is the best complement to our GE
  • 2. Proficy solution and our organization is energized by the opportunity to offer a truly differentiated solution to solve one of our customers’ most significant challenges.” The “Industrial Internet” rapidly increases the complexity of creating ever smarter, connected products. By closing the loop between early-stage engineering design activities, production processes on the plant floor and the service organization, manufacturers can reduce errors, increase flexibility in how they manage late-stage engineering changes, reduce work-in-process, and, ultimately, accelerate new product introductions. “The seamless flow of information across a discrete manufacturing organization, from design to manufacturing to service, is the dream of all executives,” said Jim Heppelmann, president and CEO, PTC. “That dream becomes a reality with the GE-PTC solution and we are excited to be deepening our relationship with GE to address a real market need.” Additional Resources GE Proficy for Discrete Manufacturing PTC Manufacturing Process Management Solutions About PTC PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com. About GE GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
  • 3. Forward Looking Statements and Risks Statements in this press release about the expected combination of the solutions, including any features or functionality or the timing thereof, are forward-looking statements and actual results may differ materially as a result of changes or delays in the integration of the solutions. PTC, Windchill and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries. Contacts PTC Beth Ambaruch 952.435.5058 bambaruch@ptc.com GE Intelligent Platforms Elli Holman 508.698.7456 Elli.Holman@ge.com WeberShandwick for PTC Anand Savani 617.520.7290 asavani@webershandwick.com Lois Paul & Partners for GE Lucie Mann 617.986.5863 Lucie_mann@lpp.com