Expands Green Product Development Solutions through Acquisition of Leading Technology of Planet Metrics
NEEDHAM, Mass. — (BUSINESS WIRE) — February 8, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced it has extended its InSight™ Product Analytics solution with technology to help manufacturers analyze carbon and other key environmental impacts during product development and manufacturing.
The core of PTC’s InSight Product Analytics solution is built upon delivering a suite of capabilities to enable bill of material (BOM) analysis for environmental performance, cost, and reliability throughout the product lifecycle. Extending the environmental analytics capabilities of InSight, PTC has acquired leading technology from Planet Metrics, Inc., a leader in environmental impact analysis technology. This new technology enables manufacturers and retailers to model, analyze and optimize carbon emissions and energy use throughout the entire value chain, from concept to end-of-life. The Planet Metrics software includes an exhaustive, normalized database of environmental profiles and combines both analytics and intuitive heat map displays that make it easy to identify high-impact “hot spots” in materials, packaging, supply chain, transportation, and disposal.
“The process of predicting, measuring, and improving a product’s environmental performance is becoming increasingly important to the success of manufacturers across all industries,” said Howard Heppelmann, Vice President of Product Analytics solutions at PTC. “The acquisition of this technology is an important step in the execution of our product analytics strategy and overall differentiation in PLM. We are excited to expand our Product Analytics capabilities to further enable manufacturers to analyze the environmental footprint of products early in the product development cycle, helping them make informed design and supply chain decisions that can lower risk and cost.”
PTC plans to embed the technology within its InSight Product Analytics solution with an official software release to follow in the months ahead.
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 PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & 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.
The timing of any product release or integration, including any features or functionality, is subject to change at PTC’s discretion.
PTC, the PTC logo, The Product Development Company and InSight are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and other countries.
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