Fleet, Hampshire – August 28, 2009 – PTC (Nasdaq: PMTC), the product development company™, today announced that the University of Nottingham’s Faculty of Engineering , one of the UK’s leading engineering universities, has deployed PTC’s Pro/ENGINEER® to teach mechanical engineering, design engineering, product design, manufacturing engineering and management undergraduate courses.
The University Plus Site licence, supplied by PTC Value Added Reseller Optima, now gives over 1200 students the very latest engineering tools to help prepare for their future careers. It ensures that the University remains competitive, fostering innovations via one complete engineering and design package.
Simon Harrison, Course Director Nottingham University comments, “We are particularly impressed with the way in which PTC’s technology will allow our students to train to a high standard. Our aim is to provide students with the right training and skills, so that when they leave university they are ‘ready to engineer’ and are familiar with the tools in the market, Pro/ENGINEER does just that. It offers a complete suite of concept to manufacture, enabling Product Design and Mechanical Engineering Students to utilise one tool that is considered best in class.”
The University of Nottingham is one of the premier Universities in the UK. It’s history dates back to 1881, achieving Royal Charter in 1948. At the recent 2009 Royal Society for the Encouragement of Arts Design Directions awards (known as the Oscars of the design world) three of its students were awarded top places. The winning third and fourth year students are part of an innovative design course in the School of M3 (Mechanical, Materials and Manufacturing Engineering) at the University, all of which focuses on the use of Pro/ENGINEER. “The Product Design and Manufacture course takes a unique approach on helping students to come up with truly innovative designs,” comments Harrison. “It was essential that they were using leading technology to give them the edge and the results are proof of that.”
PTC’s 10 year commitment to UK education and its 24 years of industry experience has provided a unique insight into the needs of both UK education and industry and recognised the importance and effectiveness of project based learning activities, both inside and outside the classroom. In increasing its commitment to education PTC is now offering every College and University student, enrolled at a College/University using Pro/ENGINEER University Edition, a free perpetual license of Pro/ENGINEER Wildfire Schools Edition. Please click here for more information.
Mr Richard Allan, Channel Business Development Director PTC said,“We are proud to contribute to the education of the next generation of highly skilled engineers who will continue to drive product development in the UK, and ensure our engineering industry continues to lead innovation.”
About PTC
PTC (Nasdaq: PMTC) 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 CAD and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit
http://www.ptc.com.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: the successful development and integration of the technology necessary to offer an integrated and flexible product development system solutions that is able to adequately respond to the evolving requirements of customers in multiple vertical industries; PTC’s ability to extend our solutions and provide adequately levels of support, to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; the possibility that current economic conditions could cause our customers to reduce or forego investment in our solutions and/or could negatively impact our ability to collect receivables due from our customers, either of which would negatively impact our cash from operations and thereby reduce amounts available to invest in our business initiatives; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. 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 and its logo, The Product Development Company, Pro/ENGINEER, Wildfire and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.
###
