Toyota Motor Corporation Converts Creo and Windchill Licenses to PTC Subscription Licenses and Signs Agreement to Evaluate ThingWorx for Potential Production Use
For decades, PTC has served many of the leading companies in the industry, providing a robust product development/production system platform that has spurred innovation and improved operational efficiency. Today, the next-generation vehicle development environment is moving at unprecedented speed, and PTC believes converting to subscription licenses will enable customers to flexibly adapt to changing business requirements.
In 2002, PTC began providing Creo® 3D CAD software and
Windchill® product lifecycle management (PLM) software to
PTC believes there is pressing urgency for companies to adapt to
diversifying values, changing lifestyles, and challenging environmental
conditions, as well as to capitalize on opportunities present in the
IoT, AI, and other types of information technology. As such, PTC will
accelerate its efforts to help automotive companies with their global
digitalization strategies, offering a range of services and technology,
including its award-winning
For the automotive industry, the ThingWorx Industrial Innovation Platform delivers a set of tools that simplifies system integration and enables production equipment monitoring and predictive maintenance, as well as AR capabilities. With this technology, companies are transforming their operations and capitalizing on the convergence of the physical and digital worlds.
"We are delighted that
About PTC (NASDAQ:PTC)
PTC helps companies around the world reinvent the way they design, manufacture, operate, and service things in and for a smart, connected world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, our leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.
The announcement of a customer's selection, expansion or evaluation of PTC software is not necessarily indicative of the timing of recognition of related revenue or the amount of revenue for any particular period or that the software being evaluated will be adopted.
PTC, Creo, Windchill,
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