PTC and GE Announce Availability of New Solution to Close the

PTC and GE Announce Availability of New Solution to Close the Loop Between Product Design and the Factory Floor

Connected Manufacturing – Driving Faster Design to Delivery

NEEDHAM, Mass. & CHARLOTTESVILLE, Va. — (BUSINESS WIRE) — April 7, 2014 — PTC (Nasdaq: PTC) and GE Intelligent Platforms (NYSE: GE) today announced the availability of the Proficy + PTC Windchill Solution, an integrated offering that includes both PTC Windchill^® and GE Proficy^® for Manufacturing Discrete software. Beginning immediately, customers can purchase the solution that can help manufacturers close the loop between product design and production execution on the factory floor. This closed-loop process capability ensures real time visibility between the key business systems that support engineering and manufacturing, which enables manufacturers to improve plant performance and quality, shorten production times and reduce – and optimize – work in progress (WIP) inventories.

Manufacturers are currently undergoing a transformation driven by digitization of the manufacturing process, “lean” streamlining of operations, and increased regulatory pressures on product quality. In addition, manufacturers are recognizing the value of Master Data Management to protect the fidelity of the data generated and exchanged between the core systems of record - enterprise resource planning (ERP), product lifecycle management (PLM) and manufacturing execution system (MES). The Proficy + PTC Windchill Solution provides a PLM-MES connection that can manage a closed loop of product information between engineering, manufacturing and production.

“Product structures that were defined by engineering can now accurately become the basis for manufacturing routings and manufacturing’s bill of materials – which are then used to manage shop floor activity,” said Jim Walsh, general manager, GE Intelligent Platforms. “Shop floor information such as the as-built bill of materials and non-conformance can then automatically be shared back with the PLM system to complete the closed loop.”

Customers can immediately begin leveraging this solution to: shorten product release cycles and respond faster to changing market demand, avoid rework and thereby lower product development costs and increase upstream and downstream visibility to ultimately increase overall product quality.

“The Proficy + PTC Windchill Solution allows manufacturers to build faster, better and more cost-effectively,” said Brian Shepherd, EVP Enterprise Segments, PTC. “But equally important, this integrated, fully featured offering has been developed in partnership between two best-of-breed solution providers. That level of knowledge, experience and reliability cannot be matched.”

Additional Resources

About PTC

PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created, operated and serviced across the entire product lifecycle – from conception and design to sourcing and service. Founded in 1985, PTC employs over 6,000 professionals serving more than 28,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

PTC, Windchill and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and in other countries.

Contact:

PTC
Julie Blake, 781-370-5435
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or
WeberShandwick for PTC
Anand Savani, 617-520-7290
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or
GE Intelligent Platforms
Elli Holman, 508-698-7456
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or
Lois Paul & Partners for GE
Lois Paul, 617-986-5764
Email Contact