Victories Also Mark Win for Design Partnership
Company Website:
http://www.ptc.com
NEEDHAM, Mass. -- (Business Wire)
PTC (Nasdaq: PMTC), The Product Development Company®, today
congratulated its customer and performance partner, Penske Racing, whose
cars are designed and developed with the help of PTC’s
industry-leading design
software, on its banner racing weekend. The Team Penske IZOD IndyCar
Series team swept the podium on August 28 as its three drivers claimed 1st,
2nd and 3rd place at the Indy Grand Prix in
Sonoma, California and 1st place at the NASCAR Sprint Cup
Series Irwin Tools Night Race in Bristol, Tennessee on August 27. Often
referred to as the “New York Yankees of motorsports,” these recent
victories add to Penske Racing’s impressive record of over 330 race wins
and 23 national championships.
The pressure to find a competitive edge in racing is intense, with the
slightest design modification capable of shaving crucial seconds off a
driver’s lap time. The Penske Racing Team uses PTC’s design and
development software in all aspects of race car design, engineering,
testing, and manufacturing, which enables Penske Racing and the Penske
Technology Group to develop everything from concept to manufacturing
within one solution. In addition, PTC design technology allows the team
to design, prototype and test in a virtual world which enables them to
quickly produce parts in the constantly changing competitive racing
environment.
“Penske Racing thanks PTC for their commitment to the team and for
continuing to provide cutting-edge design software and technology that
helps us produce race wins,” said Tim Cindric, president, Penske Racing.
“We use PTC design and development software as the standard for the Team
Penske race cars because it enables us to design, test, and deliver to
the track a competitive race car under very tight time constraints. The
powerful simulation and virtual prototyping capabilities of PTC design
software helps us stay at the front of the field. We look forward to
continuing our work with PTC.”
"PTC congratulates the Penske Racing Team on its victories this
weekend,” said Michael Campbell, division vice president, Creo Product
Development, PTC. “Penske’s use of PTC designs software for their race
cars is another example of how valuable the use of PTC technology can be
to help racing teams exact valuable performance improvements. We’re
pleased that Penske Racing was able to achieve this victory with a car
designed and developed with PTC software.”
From the IndyCar Series to NASCAR to America's Cup sailing, the world's
best performance teams use PTC solutions to support their advanced and
demanding design, development and manufacturing projects.
Additional Resources:
About PTC
PTC (Nasdaq: PMTC), The Product Development Company®, develops, markets
and supports product development software solutions and related services
that help companies achieve their product development strategies and
optimize their processes. Using the company’s tightly integrated CAD and
enterprise PLM solutions, organizations are better able to create and
manage product information throughout the lifecycle for optimal product
development success. More information may be found at www.ptc.com.
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Contacts:
PTC
Beth Ambaruch, 952-435-5058
Corporate Communications
bambaruch@ptc.com
or
For
PTC
Weber Shandwick
Kristen Georgian, 617-520-7042
Kristen.Georgian@webershandwick.com
Source: PTC
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