Annual Product Release Cycle to Deliver Functionality to Customers
NEEDHAM, Mass.--(BUSINESS WIRE)--
(NASDAQ: PTC) today announced its popular Creo®
CAD software has been recently selected by leading manufacturing and
technology companies to design, develop, and deliver some of today's
most innovative products.
PTC also announced it is moving Creo to an annual release cycle,
providing greater value to customers by delivering new functionality
faster. This enables PTC to be more agile and introduce into releases
the latest developments in emerging technologies, such as augmented
reality (AR) and the Internet of Things (IoT). This change also better
aligns with PTC's
subscription licensing model.
"As the interest in subscription expands, an annual release cycle allows
us to deliver continuous value to our customers," said Brian Thompson,
senior vice president, CAD segment, PTC. "The selection of Creo by
companies of varying sizes and industries is a testament to the momentum
in the market and the interest in the added capabilities PTC brings to
the design process with IoT and AR."
Creo continues to be the choice of leading companies for their product
design and development processes, including the following recent new
GmbH, creator of the B-CLEAN wet cleaning system for conveyor
chains to reduce downtime and contamination
Messsysteme GmbH, a world leader in measuring systems that
develops and produces isotope, x-ray and optical measuring systems for
industrial use in the steel, aluminum, and metal industries
one of the world's top three manufacturers of construction equipment
Moldes, a solution provider for the entire mold production
process: engineering, manufacturing, testing, and injection.
From initial concept to design, simulation, and analysis, Creo provides
designers with innovative tools to efficiently create better products.
Thousands of leading manufacturers worldwide use Creo's CAD, IoT, and
augmented reality capabilities to quickly turn their ideas into reality.
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.
The announcement of any particular selection of PTC products is not
necessarily indicative of the timing of recognition of revenue there
from or the level of revenue for any particular period.
PTC, Creo, 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