NEEDHAM, Mass.--(BUSINESS WIRE)--Aug 29, 2018--PTC (NASDAQ: PTC) today announced its ThingWorx ® Industrial Innovation Platform was ranked as the top smart manufacturing platform in ABI Research’sSmart Manufacturing Platform Competitive Assessment.”

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Implementation and innovations earns PTC the number one spot in ABI Research's "Smart Manufacturing Platform Ranking Competitive Assessment." (Graphic: Business Wire)

Platforms from 11 major vendors were analyzed by criteria such as innovation and implementation, including each firm’s overall business model, partnerships, product functionality, and system integration capabilities. ThingWorx received top scores in overall innovation, including its compelling use of augmented reality (AR) and tied for the top spot in its digital twin functionality and protocol adaptability and device connectivity.

“Industrial companies choose PTC to capitalize on the transformative value of the IoT, elevating their position in the competitive market and achieving the full potential of a smart, connected business,” said Jim Heppelmann, president and CEO, PTC. “We are honored by this accolade from ABI Research that recognizes our innovation and positions PTC as the industry leader. With the ongoing support from customers and our strategic partnership with Rockwell Automation, PTC will continue to deliver on our commitment to the industrial space.”

Additionally, PTC’s ThingWorx was rated the overall leading platform with advanced innovative initiatives across transformative technologies. ThingWorx is comprised of a rapid application development platform, advanced analytics, connectivity, machine learning, augmented reality, and integration with leading device clouds. Together, these beginning-to-end capabilities enable users to create revolutionary applications and services to achieve IoT-driven business transformation and support digital initiatives across various industries.

“PTC’s innovation in areas such as augmented reality, protocol adaptability and connectivity, and digital twin capabilities solidified the company’s spot as the industry leader,” said Pierce Owen, principal analyst, Smart Manufacturing, ABI Research. “Assessed by implementation and innovation, ABI Research recognizes PTC’s capability to advance industrial transformation and revolutionize the industry.”

The recognition from ABI Research continues a long string of industry recognition from press and industry analysts around the world, including Forrester, 451 Research, Compass Intelligence, Experton Group, Gartner, IDC, IoT Analytics, Berg Insight, IoT ONE, and Quadrant Knowledge Solutions. Most recently, PTC’s ThingWorx has been heralded as the leading platform from Constellation Research and has been awarded IoT Evolution Product of the Year.

Additional Resources

ABI Research: PTC beats GE, ABB, and Siemens for Top Spot in ABI Research’s Smart Manufacturing Platform Competitive Assessment ThingWorx Industrial Innovation Platform Harvard Business Review: “Why Every Organization Needs an AR Strategy,” authored by PTC CEO Jim Heppelmann and Harvard Professor Michael Porter

About PTC (NASDAQ: PTC) PTC helps companies around the world reinvent the way they design, manufacture, operate, and service products 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.

PTC.com @PTC Blogs

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005548/en/

CONTACT: PTC

Jack McAvoy, 781-370-6143

Corporate Communications

jmcavoy@ptc.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS SOFTWARE MANUFACTURING OTHER MANUFACTURING

SOURCE: PTC

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PUB: 08/29/2018 12:15 PM/DISC: 08/29/2018 12:15 PM

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