SmartPatch Selects ThingWorx IoT Platform For its Connected, Wireless Structural Health Monitoring System

Exton, PA, USA, March 10, 2015 - ThingWorx, a PTC (Nasdaq: PTC) business and leading Internet of Things (IoT) platform provider, announced today that SmartPatch, an Italian startup company that develops structural health monitoring solutions, has selected ThingWorx to view and understand the data from its connected, wireless applications. These SmartPatch applications help monitor the structural integrity of buildings, bridges, tunnels and monuments.

Remote Structural Health MonitoringSmartPatch has developed a patented solution for Structural Health Monitoring that is wireless, low cost and easy to implement. The company is using the ThingWorx IoT platform via a browser connected to a cloud server for its advanced graphical user interface to enable real-time, detailed monitoring of data points such as strain, temperature, tilt and seismic activity. The system will offer a comprehensive view of the measured point and offer immediate data for interpretation and possible action.

"The ThingWorx based system can change the approach to viewing and understanding Structural Health Management data by builders, certification companies, state safety agencies, civil engineers and professionals in the building industry," said Marco Bonvino, co-founder at SmartPatch. "In our opinion ThingWorx is the most complete IoT platform available on the market and we look forward to making this technology available to our customers."

In addition to using the ThingWorx IoT platform, SmartPatch is also taking advantage of PTC Creo to offer new graphical visualization of the infrastructure, implementing a rotating 3D model.

"SmartPatch is a good example of how IoT technology can transform existing business processes such as structural health monitoring to enable a step change in efficiency and responsiveness," said Russ Fadel, president, ThingWorx. "The age of the Internet of Things is upon us and forward thinking companies, such as SmartPatch, will use the ThingWorx IoT platform to deliver business value to their customers."

The announcement of a customer's selection or adoption of PTC software is not necessarily indicative of the timing or amount of revenue therefrom or of PTC's overall revenue for any particular period.

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About SmartPatch

SmartPatch is an Italian startup company, which was founded in early 2014 by Marco Bonvino, Guido Maisto and Melanie Diziol. SmartPatch operates within I3P, the Innovative Enterprise Incubator of the Politecnico di Torino, and is one of the 155 European companies to receive funding under the Horizon2020 EU program. In 2014 its innovative Structural Health Monitoring system for buildings and infrastructures was awarded the Start Cup Piemonte e Valle d'Aosta and was ranked first at the Italian Venture Forum. SmartPatch is already developing applications and implementing pilot plants for well-known players in civil construction, composite building and infrastructure industries.