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PTC establishes centre of excellence for automotive PLM in Korea

15 February 2011

PTC has announced plans to establish a Research and Development Centre of Excellence in Korea, which will focus on the specific PLM requirements of the automotive industry, including the requirement for globalisation, the desire for an open PLM platform, the opportunity to optimise service operations, and the need for tighter integration between CAD, BOM and the Digital Mock-Up for rapidly changing vehicle configurations.

Jim Heppelmann (pictured), president and CEO of PTC, commented: “We are seeing a significant amount of generational turnover of PLM technology in the automotive industry.  Over the past 12 months, PTC has partnered with leading passenger and heavy vehicle OEMs such as Hyundai Motor Company and Kia Motors Corporation, and Volvo Group, as well as major automotive suppliers such as Continental, Schaeffler, HARMAN Automotive, and Cummins to help them implement their next-generation product development systems.  Each of these companies intends to leverage our core Windchill® PLM software as the backbone of their product development technology platform.  These partnerships have contributed greatly to our momentum in the automotive vertical, characterized by more than 70% Windchill revenue growth and four ‘domino’ wins in the last year.” 
“We believe that automotive companies who are selecting Windchill are choosing to leapfrog their competition in terms of PLM technology and product development process sophistication,” continued Heppelmann.  “Windchill is the fastest growing PLM product in the market, and equally important, PTC has the professional services scale and expertise to help companies implement and extract the most value from their PLM technology.  PTC is committed to helping automotive companies as they refresh and expand their PLM technology solutions into enterprise-class business solutions focused on enabling thousands of users across the value chain to collaborate and more effectively participate in the product development process.  We believe our new Automotive PLM R&D Center of Excellence will continue to enhance our presence and momentum in the automotive vertical.”

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