NEEDHAM, Ma - July 19, 2010 - PTC (NASDAQ: PTC), The Product Development Company, today announced another major milestone in the strategic relationship between PTC and EADS with PHENIXCHANGE, the Windchill-based modular platform.
EADS selected PTC as the sole provider for its PHENIX Master Product Definition backbone in 2008 as part of its enterprise Product Lifecycle Management solutions (PLM). Since then, EADS has been working in partnership with PTC to set up a harmonized PLM environment that is both flexible and efficient for its multiple businesses and well integrated with the other applications constituting the EADS PLM core solution. The Windchill-based enterprise PLM solution is now deployed on multiple programs throughout the group.
"On behalf of the PHENIX program team, we are pleased to announce that we have fulfilled a commitment to the group by providing a modular enterprise PLM platform," said Jean-Yves Mondon, head of both the PHENIX program at EADS and the newly created PLM Harmonization Center. "This showed immediate as well as future value to the group and is mapped to key corporate initiatives at EADS."
Sponsored by the executive committee of EADS, PHENIX is a cross-divisional program and a group-wide strategic initiative launched in 2007 to achieve harmonization of enterprise PLM methods, processes and tools between its business divisions.
The EADS PHENIX organization and PTC have partnered to innovate the way in which several EADS business processes are embedded with PTC PLM technology into modules. The result is PHENIXCHANGE, an approach based on a configurable modular technology platform to provide both the benefits of harmonized processes for the group and the efficiency and flexibility of COTS (Commercial-off-the-Shelf) PLM technology for its business divisions. Jim Broughton, head of the PHENIX Integration Committee, added, "It is an exceptional human and innovative experience."
PHENIXCHANGE is a platform for supporting and maintaining PLM harmonisation and integration between the business divisions, for reduced time-to-market and for improvement of overall product quality.
"We are very pleased to demonstrate our technology leadership in enterprise PLM, our efficiency in execution and partnership spirit. Over the past year, the PHENIX program has matured into a full-fledged EADS-PTC partnership and is on track to deliver extensive value to EADS over the years," said James E. Heppelmann, president and chief operating officer, PTC.
EADS is a global leader in aerospace, defence and related services. In 2009, the Group - comprising Airbus, Eurocopter, EADS Astrium and EADS Defence & Security - generated revenues of € 42.8 billion and employed a workforce of more than 119,000.
PTC (Nasdaq: PTC) 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 and Consumer, and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations.
PTC, the PTC logo, The Product Development Company, and Windchill are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and other countries.