Greaves Cotton Expands Adoption of PTC's Windchill for PDS

NEEDHAM, MA, Feb 17, 2010 - PTC (NASDAQ:PMTC), the Product Development Company, today announced that Greaves Cotton Limited, a leading manufacturer of industrial products has chosen to expand enterprise wide adoption of PTC’s Windchill  across all four business units – Gasoline/Diesel Engines, Diesel Gensets, Automotive Engines, Agro Equipment and Construction Equipment. Windchill will be used to streamline and optimize Greaves Cotton’s product development processes. Greaves Cotton is an existing customer of the PTC Product Development System (PDS), using Pro/ENGINEER for CAD/CAM/CAE, Arbortext for Service Information Delivery and Mathcad for Engineering Calculations.

The expanded deployment of Windchill will enable Greaves Cotton to reduce time to market for its products, provide tighter communication between Research & Development and Manufacturing and be more responsive to customers’ changing requirements. Additionally, Greaves is considering implementing an integration between Windchill and the company’s Enterprise Resource Planning solution from SAP to increase the rate of innovation and new product development, optimize product development processes and enhance overall product quality.

“We conducted a detailed evaluation of our business needs and available product lifecycle management solutions in the market, and finally selected Windchill based on its integral architecture, interoperability with legacy and competitive systems, and robust capabilities, along with PTC’s technical support and services strengths. This adoption of Windchill will strengthen alignment between our product development capabilities and our business strategies, enabling Greaves Cotton to achieve our corporate and long term objectives, such as process optimization, innovation and globalization,” said Mr. Thomas Furtado, Group General Manager - Marketing Services, Greaves Cotton Limited.

“PTC has continued to invest in Research & Development, making key strategic acquisitions and forging strategic partnerships to provide customers with a comprehensive integrated product development solution built on Windchill integral architecture said Robert Kocis, Senior Divisional Vice President, Worldwide Channel Sales, PTC. “We are happy to broaden our partnership with Greaves Cotton, a strategic global customer, and believe that its expanded deployment of Windchill and the PDS to increase operational efficiencies will help Greaves strengthen its competitive advantage.”

About Greaves Cotton Limited

Greaves Cotton Limited, a multi-product, multi-location company is one of the leading engineering companies in India, with core competencies in diesel / gasoline engines and construction equipment. Greaves Cotton sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network. The Company’s manufacturing operations are supported by its own full fledged R&D capabilities.

For more information on Greaves Cotton, visit http://www.greavescotton.com.

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 PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & 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, visit http://www.ptc.com.

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See Also

PTC website

Additional News

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Feb 17 - Greaves Cotton Expands Adoption of PTC's Windchill for PDS
Feb 08 - PTC Insight Product Analytics Adds Environmental Impact
Feb 08 - PTC Expands Global CoCreate Partner Network
Jan 27 - Volvo to use PTC's Windchill for VPDM Program
Jan 27 - PTC Announces Q1 Results
Jan 26 - Raytheon Selects PTC’s Windchill for Product Development
Jan 19 - PTC Appoints Marc Diouane as Vice-President for Europe, Asia
Jan 6 - PTC to Speak at 12th Annual Needham Growth Stock Conference
Dec 17 - PTC Expands Education Program in North America
Dec 9 - NEC to Sell PTC PLM Products in Japan
Dec 8 - PTC, Hornby to Support Scalextric4schools 2010 Contest
Dec 7 - China's Siyuan Standardizes on PTC Mathcad
Dec 1 - UK's Ricardo Adopts PTC Windchill for PLM
Dec 1 - PTC to Present at NASDAQ OMX 23rd Investor Program
Nov 25 - PTC Adds Paul Lacy to Board
Oct 28 - PTC Q4 Revenue Down 18% to $246M with $16M Profit
Oct 19 - CoCreate 16.5 Integrates with PTC Apps
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Oct 7 - PTC Q4 Conference Call on Oct 28, 8:30AM ET
Sep 29 - PTC Passes 1 Million 'Starts' for Free Version of CoCreate
Sep 18 - PTC Adds Robert Schechter to Board
Sep 14 - Rockwell Collins Selects PTC Arbortext
Sep 8 - Otis Elevator to Switch from Teamcenter to Windchill
Sep 3 - PTC to Present at 4 Investor Conferences
Aug 31 - Switzerland's ROWA Selects PTC CoCreate
Aug 5 - PTC to Present at Oppenheimer Conference on Aug 11
Jul 29 - PTC Q3 Revenue Down 17% to $226M, Profit Drops to $3.8M
Jul 28 - Norton Motorcycles Selects PTC PDS
Jul 16 - Wootton School Wins UK Scalextric4schools Challenge
Jul 7 - PTC Named Ducati 2009 Official Supplier
Jun 25 - PTC Ranked #1 in Aberdeen PLM AXIS Report
Jun 22 - China's Li Ning to Standardize on PTC FlexPLM
Jun 16 - Samsung Thales to Standardize on Pro/E
Jun 15 - Buehler Motor to Standardize on Pro/E, Windchill
Jun 8 - PTC Maintenance Gold Loyalty Program Adds Partners
Jun 8 - PTC Announces Enhanced PDS Capabilities
June 8 - PTC, Microsoft to Form Social Product Development Platform
Jun 8 - PTC Launches  Windchill RequirementsLink
June 8 - PTC Acquires Relex Software for Product Analytics Strategy
June 8 - PTC Announces Pro/E Wildfire 5.0
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June 01 - PTC to Speak at UBS Global Technology Conference
May 27 - Volvo Group, PTC Partner for PLM Solutions
May 27 - PTC to Host Investor Day on June 8, Florida
May 27 - PTC, Nokia to Develop Windchill Extension for PLM
May 21 - PTC Launches Online Resource Center
May 11 - PTC to Present at JP Morgan Conference
May 4 - L&T Unit LTM Standardizes on Pro/E
Apr 29 - PTC Q2 Revenue Down 13% to $225.3M, Profit Drops to $7.2M
Apr 23 - Japan's Sophia University Designs Racecars Using Pro/E
Apr 16 - PTC Q2 Conference Call on April 29, 8.30AM ET
Apr 14 - American Wave Machines to Use CoCreate
Apr 13 - Force Protection Standardizes on PTC Windchill
Apr 7 - Baoding Tianwei Wind Power Blade Standardizes on Pro/E
Apr 6 - Inditex Selects PTC Windchill For Interior Design
Mar 23 - Brown Shoe Selects PTC FlexPLM
Mar 18 - PTC to Provide PLM Training in Schools Across France
Mar 9 - PTC to Present at UBS Global Technology Conference in UK
Mar 5 -PTC's Harrison Adds Chairman Role, Heppelmann Now COO/Prez
Mar 5 - PTC Announces Leadership Transitions
Mar 3 - CHALCO Shandong to Standardize on Pro/E
Mar 2 - Hamilton Sundstrand Picks PTC Arbortext
Feb 24 - Valliant Group Implements Windchill as Global Platform
Feb 19 - Okuma America Corporation to Use CoCreate for CNC Machinery
Feb 10 - Schaeffler Group Selects Windchill as Global Engineering Platform
Feb 11 - PROCESS S.P.A. Chooses CoCreate Over Inventor
Feb 3 - China's Weichai Power Standardizes on PTC Windchill
Jan 28 - PTC Q1 Revenue Flat at $240M, Profit Drops to $4.7M
Jan 8 - PTC Q1 Conference Call on January 28, 8:30AM ET
Jan 14 - PTC Windchill ProductPoint Available
Jan 21 - Italy's Sogin to Standardize on Windchill
Jan 20 - Hornby Hobbies, PTC Launches Scalextric4schools Challenge
Jan 20 - Japan's Nagase Integrecs Standardizes on CoCreate
Jan 12 - PTC Expects $240M Quarter
Jan 6 - PTC to Present at Needham Growth Stock Conference
Jan 5 - PTC, Dallara Automobili Celebrates 15 Years of Partnership
Dec 16 - Switzerland's Jaeger-LeCoultre Adopts PTC Products
Dec 10 - PTC Acquires Synapsis for Green Product Design
Dec 1 - PTC Increases Share Repurchase to $100M
Dec 1 - PTC to Present at NASDAQ OMX Investor Program
Nov 20 - PTC, Hornby Launch Scalextric4schools Car Design Contest
Nov 14 - PTC Seeks Papers for Annual User Meeting in June
Nov 12 - PTC to Present at UBS Global Technology Conference
Nov 11 - PTC Unveils Pro/E Manikin for 3D Digital Human Modeling
Nov 4 - PTC to Present at Goldman Sachs Investor Conference
Oct 29 - PTC Q4 Revenue Up 12% to $300M with $36.5M Profit
Oct 22 - PTC Expands Partnership with FIRST for STEM Education
Oct 21 - China's AMECO Deploys PTC Arbortext
Oct 6 - Black & Decker Selects PTC Windchill for PLM
Oct 1 - PTC Q4 Conference Call on October 29, 8:30AM ET
Sep 22 - UK's University of Warwick to Get Pro/E, Windchill Grant
Sep 16 - PTC Sponsors US Department of Energy's Design Contest
Sep 8 - Italy's G.D to Replace MatrixOne with Windchill
Sep 2 - Nikon Precision Selects PTC Arbortext
Aug 27 - PTC to Present at Kaufman Bros Investor Conference
Aug 27 - PTC to Present at Jefferies Technology Conference
Aug 27 - PTC to Present at Deutsche Bank Technology Conference
Aug 27 - PTC to Present at Citi Investment Conference
Aug 4 - 2075+ Attend PTC/USER World Event
Jul 29 - EADS Selects PTC for PHENIX Enterprise PLM
Jul 29 - PTC Announces DesignQuest Contest Winners
Jul 29 - France's Yacht-Maker, CNB Selects PTC
Jul 23 - PTC Q3 Revenue Up 21% to $272M with $14M Profit
Jul 10 - PTC Q3 Conference Call on Jul 23, 8:30AM ET

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