Innovation Space to Showcase How the Two Companies Will Enable
Digital Transformations for Global Customers
NEEDHAM, Mass. & BANGALORE, India--(BUSINESS WIRE)--
(NASDAQ: PTC) and L&T
Technology Services Limited (NSE: LTTS) today announced the opening
of a Center of Excellence (CoE) focused on Industrial Internet of Things
(IoT) innovation at LTTS' office in Bangalore, India. Popularly termed
as Industry 4.0, the Industrial IoT Center of Excellence will
demonstrate the promise of digital transformations for companies across
the globe, and will showcase the technologies that make those
LTTS will equip the CoE with the entire PTC technology stack - from
product design software through Industrial IoT functionality. The CoE
will support LTTS' advanced capabilities in the Industrial IoT space and
will focus primarily on application lifecycle management (ALM), product
lifecycle management (PLM), service lifecycle management (SLM),
manufacturing operations management (MOM), and connected manufacturing.
Customers visiting the space can experience new-age technology
innovations to better inform decisions on initiating new IoT projects or
further developing existing ones.
"This Center of Excellence will be a valuable way to show new and
existing customers the potential for their digital transformations,"
said Amit Chadha, President-Sales & Business Development & Whole-Time
Director, L&T Technology Services. "To maximize the potential of the
space, we needed proven technology, and PTC was the clear choice with
its established solution offerings and robust Industrial IoT platform
that complement our unique offerings in Digital PLM."
PTC was chosen as the technology partner for the CoE because of the vast
capabilities of its IoT technology, as well as its longstanding
leadership and success with solutions such as computer aided design
(CAD) and PLM. The full technology stack from PTC will be available in
the CoE, from Creo®
CAD software and Windchill®
PLM software through the ThingWorx®
Industrial IoT platform.
The CoE, which is expected to draw in an audience of global customers,
will also feature new Industrial IoT solutions developed on the
ThingWorx platform. Some of the prominent demonstrations on display at
the CoE include digital twin models, situational awareness to improve
plant productivity using PTC's ThingWorx platform, and Digital PLM
services that can improve the productivity of field engineers through
dynamic updates of service data.
"We are excited to partner with L&T Technology Services on the Center of
Excellence in Bangalore," said Catherine Kniker, chief revenue officer,
Platform Business, PTC. "Combining L&T Technology Services' knowledge of
building and implementing technology solutions with PTC's leading
technology offerings will help customers understand how they can
transform their businesses and accelerate their time to value."
PTC is at the forefront of unlocking the value at the intersection of
the physical and digital worlds. With the leading ThingWorx Industrial
IoT platform, augmented reality development capabilities, and a
portfolio of connected solutions, PTC is enabling companies to improve
the way that they design, manufacture, sell, operate, and service their
LTTS is a leading engineering services company with a Digital PLM
practice that ensures faster time to market and improved product quality
for customers in the industrial, automotive, aerospace and defense,
medical and healthcare, oil and gas, consumer packaged goods, and energy
and utilities markets.
Key differentiators that make LTTS' Digital PLM portfolio unique in the
market ride on its in-depth engineering and PLM domain expertise, along
with matured partnerships with leading PLM partners like PTC. CIMdata
has recognized L&T Technology Services as one of the leading Digital PLM
system integrators in the world.
Both companies are now working to leverage each other's expertise and
provide next-generation digital services, smart and accelerated product
development, smart and connected manufacturing, remote field services,
and predictive maintenance as aftermarket services.
About L&T Technology Services Limited (NSE: LTTS)
Technology Services Limited is a publicly listed subsidiary of Larsen &
Toubro Limited focused on Engineering and R&D Services (ER&D) addressing
global customers including 52 Fortune 500 companies and 48 of the
world's top ER&D spenders. A leading global pure-play engineering
services company, L&T Technology Services offers consultancy, design,
development and testing services across the product and process
development life cycle for the industrial products, medical devices,
transportation, telecom & hi-tech, and the process industries. Digital
Engineering portfolio of offerings from L&T Technology Services help
build Smart Products & Services and offer Smart Manufacturing services
and solutions to customers. The company also offers services and
solutions in software engineering, embedded systems, mechanical &
manufacturing engineering, value engineering and plant & process
engineering. Headquartered in India, L&T Technology Services Limited has
around 11,000 employees, 12 global delivery centers in India and
overseas, 27 sales offices in India, North America Europe, the Middle
East and Asia and 34 labs in India as of March 31, 2017. For additional
information about L&T Technology Services log on to www.LntTechservices.com.
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of
Things technology in the world. In 1986 we revolutionized digital 3D
design, and in 1998 were first to market with Internet-based PLM. Now
our leading IoT and AR platform and field-proven solutions bring
together the physical and digital worlds to reinvent the way you create,
operate, and service products. With PTC, global manufacturers and an
ecosystem of partners and developers can capitalize on the promise of
the IoT today and drive the future of innovation.
PTC, ThingWorx, Creo, Windchill, and the PTC logo are trademarks or
registered trademarks of PTC Inc. or its subsidiaries in the United
States and other countries.
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Jack McAvoy, 781-370-6143
News Provided by Acquire Media