PTC® Solutions Supports Medical, Pharmaceutical, and Healthcare Providers throughout the Life Sciences Industry

Life science companies optimize product quality, improve prototyping and ensure customer satisfaction, while reducing tooling, costs and time-to-market with PTC Solutions

NEEDHAM, Mass. April 9, 2002 PTC (NASDAQ: PMTC), the product development company, today announces its continued commitment and success in providing solutions to meet the needs of the life sciences industry. PTC provides design and collaboration solutions, enabling companies to deliver innovative medical related devices and equipment. PTC's strength in the life sciences industry has led to valuable partnerships with companies such as ABIOMED, Product Insight, Norwood Abbey, and Kinetics. Today, PTC showcases how it supports life science companies by easing the development cycle and simplifying design processes for medical, healthcare, and pharmaceutical providers.

Medical companies worldwide are benefiting from PTC's superior design and collaboration software tools. These solutions address many of the challenges inherent in the life sciences industry such as special regulatory requirements, long trial periods with numerous changes, etc. By leveraging PTC's expertise, companies optimize product quality, improve prototyping and ensure customer satisfaction, while reducing tooling, costs and time-to-market. PTC's on-going commitment to "Product First?," a comprehensive business strategy where manufacturing companies adopt a single-minded focus on superior products in order to drive revenue growth and shareholder value is especially relevant to the life science industry where product quality, time to market and customer satisfaction can have an enormous impact on a company's bottom line.

For Norwood Abbey's Needleless Drug Delivery System, the time saved is incomparable to its previous CAD programs. "By using PTC products we have been able to prototype and tool for production in 50% of the time to reduce the production, lead times and to release early onto the market. The combined package of CDRS and Pro/ENGINEER has reduced our design, engineering, drafting and prototyping stages by over 75% in comparison to our prior CAD programs," stated Michelle Pataki, industrial designer at Norwood Abbey.

Life science companies that have selected or deployed PTC products include:

ABIOMED Cochlear (see today's related release) Den-Tal-Ez, Inc. Edge Medical Fisher and Paykel Healthcare Guidant IDE, Inc. Indigo Medical Kinetics Lunar Design Norwood Abbey, LTD Omron Product Genesis Product Insight (See today's releated release) Proficient Engineering Services, Inc. (See today's related release) Refac Design ResMed Sulzer Orthopedics Inc. United States Surgical Welch Allyn XLTEK

About PTC 

PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. 

www.ptc.com

 

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