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KTM Meets Company Growth Challenges by Expanding PTC CAD and PLM Environment, Deploying ThingWorx Navigate, and Embracing the PTC Subscription ModelPTC (NASDAQ: PTC) today announced that KTM has significantly increased its use of Creo® software and Windchill® software. KTM also selected ThingWorx® NavigateTM role-based apps for company-wide data management and fast and easy departmental access to relevant Windchill data. The extended portfolio enables KTM to increase productivity to achieve its continued growth targets. Additionally, KTM has switched to PTC's subscription licensing model to facilitate cost and planning flexibility. KTM, the leading manufacturer of sport motorcycles in Europe, exceeded €1 billion in revenue for the first time in 2015 and plans to continue its strong growth pattern into the future. Under the philosophy "READY TO RACE," the company designs both its KTM and Husqvarna Motorcycle models entirely with PTC solutions. Compared to other manufacturers, a key design differentiator for KTM lies in its comprehensive internal development; engine, chassis, suspension components, and many other parts are developed in-house. Additionally, KTM is the only manufacturer that uses the same CAD system for engine and chassis design. This tight control over development promotes the optimization of each part with a focus on maximum performance. Since 2001, KTM has repeatedly won the grueling Dakar Rally, which further evidences the success of its strategy. "KTM always pursues innovation and proximity to customers in order to improve our models with each new series," said Philipp Habsburg, director development, KTM. "Product development has to keep up with the times. For example, we have to transfer parts or technologies that have been proven in our racing series into our serial models within a very short timeframe. This requires software soltions that are both flexible and powerful, but also make the work simpler at the same time. ThingWorx Navigate is the additional tool we needed, as it provides the exact information required by each department and reduces the complexity of the PLM system, enabling our teams to be more productive. And, thanks to the subscription model, we can respond faster and with more flexibility as our company continues to expand." "Facing the challenges of fast and strong growth is a good problem for KTM to have," said Kevin Wrenn, divisional general manager, PLM Segment, PTC. "Extending its use of Creo and Windchill, and introducing ThingWorx Navigate, will enable KTM to streamline and accelerate product development. Access to the most up-to-date product information will enable stakeholders across the organization to make better, faster decisions for both KTM and their customer base." Additional Resources
About PTC (NASDAQ: PTC) PTC, Windchill, Creo, ThingWorx, Navigate, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries. The announcement of a customer's selection or implementation of PTC software is not necessarily indicative of the timing of the related booking, recognition of related revenue or the level of revenue for any particular period.
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