Parker Hannifin Selects PTC's InPart as a Preferred Provider of 3D CAD Content for Corporate Web Site
WALTHAM, Mass., September 11, 2000 - PTC (Nasdaq: PMTC), the leading provider of collaborative product commerce (CPC) solutions, today announced that Parker Hannifin Corporation has selected InPart, PTC's Internet-based portal of standard mechanical and electro-mechanical components, as a preferred provider of 3D computer-aided design (CAD) content for their corporate Web site. Several individual Parker divisions are currently InPart partners. Parker is the world's leading diversified manufacturer of motion and control technologies, providing systematic, precision-engineered solutions for a wide variety of commercial, industrial and aerospace markets.
PTC provides Web-based solutions that allow manufacturers to collaborate over the Internet with their customers, suppliers and partners throughout the product lifecycle. InPart, PTC's mechanical component portal, helps design engineers accelerate their design work and increase design accuracy. PTC sees the ability to share mechanical content, including CAD geometry and associated product specifications, as an important component in its customers' efforts to collaborate closely with their suppliers during product development.
"The ability for manufacturing companies to quickly locate and utilize commercially available components greatly reduces time spent on make-versus-buy decisions and allows companies to focus critical design resources on more core design functions," said Randy Ochs, vice president of InPart content sales. Ochs added: "This corporate agreement creates a framework for the addition of other Parker divisions to the list of InPart partners."
"The InPart solution is the next step in Parker's strategy to become Web-enabled, and thereby better serve our customers," said Claus Beneker, vice president, chief technical officer, Parker Hannifin. "Parker's product selection software, inPHorm, will integrate seamlessly with InPart's Internet-based CAD library, facilitating delivery of CAD geometry directly from the Web. PTC's Flashmodeler ASP model allows us to share 2D and 3D CAD geometry with our customers through Parker's Web site."
The addition of more Parker divisions to the list of InPart partners has the potential to add hundreds of thousands of products to the InPart data center, thereby increasing the portal's overall value to all InPart partners and their customers.
InPart, formerly known as DesignSuite, is an innovative, Internet-based portal providing access to a data center containing approximately one million standard mechanical and electro-mechanical components that are created and maintained in partnership with leading manufacturers. InPart contains component search tools, virtual reality modeling language (VRML) models for visualization, 2D and 3D geometry, technical specifications and the capability to alert users to manufacturer changes in their components, specification or availability.
FlashModeler enables a manufacturer to provide access to CAD models automatically and seamlessly from their web site. Through a simple integration with PTC's component information center, authorized users can request and download a manufacturer's components directly from the
Manufacturer's site. Additional information about these products can be obtained at www.ptc.com/products/inpart.
PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. PTC can be reached at 781-398-5000, or via the Web at http://www.ptc.com.
About Parker Hannifin Corporation
With annual sales of $6 billion, Parker Hannifin Corporation is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 40,000 people in 40 countries around the world. For more information, visit the company's web site at www.parker.com, or its investor information site at www.phstock.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 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.
Parametric Technology Corporation, Windchill and InPart are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.