PTC® (Nasdaq: PMTC), The Product Development Company®, today announced that Otis Elevator Company, the world’s leading manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways, has made a strategic decision to switch from Siemens Teamcenter® Enterprise PLM system to PTC Windchill. Otis is standardizing on Windchill as its global content and process management solution for its PLM initiatives to improve design and manufacturing efficiencies that accelerate time to market of new products.
“Otis needed a PLM system that would give all our product stakeholders the ability to access, work on and share the most updated information on our extensive product lines,” said Tom Saxe, vice president worldwide engineering, Otis Elevator Company. “Windchill provides the flexibility and broad capabilities we need to manage heterogeneous CAD data, improve concurrent engineering worldwide and streamline data delivery to our manufacturing sites in a global development environment.”
Otis - Gen2 Elevator
Otis - Gen2 Elevator
For companies like Otis that need to design and manufacture equipment across many global sites, the requirement for an effective PLM architecture that can manage tens of thousands of uniquely-designed parts, thousands of users submitting daily engineering changes, and hundreds of suppliers spanning dozens of manufacturing sites, is essential. PTC's Windchill enables Otis to create a well-defined and orderly process for how informal and formal changes to product designs are proposed, evaluated, implemented and documented. Windchill delivers a best practice change-process strategy that enables all product development stakeholders to instantly access all necessary data in order to improve product quality, reduce product costs, minimize product inventory, and improve time-to-market by minimizing manufacturing downtime.
"Otis is a recognized industry leader and a strategically important account for PTC. Its selection of Windchill as the backbone of its enterprise PLM system further underscores PTC's technology leadership position in product development," said James E. Heppelmann, president and chief operating officer, PTC. "We look forward to working with Otis to support innovation, drive efficiencies throughout their product development processes and ultimately increase their competitive advantage."
About Otis Elevator Company
Otis Elevator Company (otisworldwide.com) is the world's largest manufacturer and maintainer of people-moving products including elevators, escalators and moving walkways. With headquarters in Farmington, Connecticut, Otis employs 64,000 people, offers products and services in more than 200 countries and territories and maintains 1.6 million elevators and escalators worldwide. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.
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 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: the successful development and integration of the technology necessary to offer an integrated, flexible and scalable product development system that is able to adequately respond to the evolving requirements of both large and small customers in multiple vertical industries; the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; and our ability to effectively utilize our resources to undertake strategic corporate development initiatives while maintaining our ability to support multiple PLM product suites, 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 and Windchill are registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.