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Company Name : KPIT Technologies Limited

Wednesday, August 9, 2017 4:50PM IST (11:20AM GMT)

(BSE:532400)(NSE:KPIT)

PTC and KPIT Launch Center of Excellence


Customer experience to focus on the Industrial Internet through solutions developed by KPIT and built on the ThingWorx Platform from PTC


Pune, Maharashtra, India

PTC (NASDAQ: PTC) and KPIT Technologies (BSE: 532400; NSE: KPIT) today announced the opening of a Center of Excellence (CoE) at KPIT's campus located in Pune, India. The inaugural event focused on bringing customer experience and engagement to the Industrial Internet of Things (IIoT) with solutions built on PTC technologies.
 
Demonstrations at the launch included intelliAssetTM and solutions for smart cities, smart campus, and digital journeys. Customers who attended the launch event were given demonstrations on how to improve processes and service by integrating product definition through the Industrial IoT standards of Industrie 4.0.
 
“It is important for companies to provide an integrated experience using Industrie 4.0 technologies," said Probodh Chiplunkar, Head of Digital Business, KPIT. "Customers want the ability to forecast asset performance, predict changes, and prescribe action from a single application. KPIT intelliAsset™ provides just that."
 
IoT solutions can offer a more seamless experience for the user, and the user experience for operators and technicians is just as important as for management. Through KPIT’s diagnostics stack and the software-as-a-service (SaaS) applications built on the ThingWorx® Industrial IoT Platform from PTC, customers can seamlessly connect and monitor remote assets, interact with business applications, and drill down to the original digital product definition stored in PLM systems. This helps improve asset utilization and reduce unplanned outages.
 
During the inaugural event, KPIT illustrated how companies can put the power of the digital thread into action with demonstrations of smart, connected products in digital engineering, manufacturing, and service through solutions built on PTC technologies.
 
"Customers who were part of the CoE launch explored how the digital thread of a manufacturing part can start with product definition, proceed through creation of the bill of materials, link back to specifications, and then flow into manufacturing,” said Robbie Morrison, Practice Director, Extended PLM, KPIT. “The digital thread links the asset from its origin to deployment and monitoring in the field."
 
"KPIT is building solutions aimed at providing value for discrete and process manufacturing industries and smart cities,” said Catherine Kniker, Chief Revenue Officer, Platform Business, PTC. “Built on the ThingWorx platform, KPIT’s integrated customer-engaging applications for smart factories and asset management are designed to enable customers to accelerate their time to market in these industry settings.”

About KPIT Technologies Ltd.

KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.
 
About PTC (NASDAQ: PTC)

PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.
 

Website: PTC.com, Twitter: @PTC, PTC Blog: 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.


Click here for Media Contact Details

Jack McAvoy, Corporate Communications, PTC India Limited, 781-370-6143, jmcavoy@ptc.com

Richa Bakshi, KPIT Technologies Limited, +91 (20) 66525000, richa.bakshi@kpit.com


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News Summary

PTC (NASDAQ: PTC) and KPIT Technologies (BSE: 532400; NSE: KPIT) today announced the opening of a Center of Excellence (CoE) at KPIT's campus located in Pune, India. The inaugural event focused on bringing customer experience and engagement to the Industrial Internet of Things (IoT) with solutions built on PTC technologies.