Livengood Engineering Uses PTC® CoCreate® to Design Industry-First Mobile Medical Device Platform
Efficient, Responsive New Product Development by a Start-Up Company
NEEDHAM, MA - December 16, 2009 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Livengood Engineering is using PTC® CoCreate® to design the Livengood Platform, a healthcare industry-first mobile medical device platform that consolidates the multiple cumbersome medical devices used for inpatient care. CoCreate is PTC's explicit modeling software that provides companies with a lightweight and flexible approach to designing products.
Livengood Engineering is an entrepreneurial company that recognized the need for a consolidated medical device platform which could also function as an ambulatory-assist device to improve patient independence and mobility. The Livengood Platform was designed so that any device attached to a patient has a position on the platform, eliminating the need to attach devices to the bed, wall and IV pole.
Livengood selected CoCreate because it enabled the company to tackle the often unpredictable and frequent design modifications faced during the design and build of a completely new product. CoCreate's easy, out of the box installation enabled Livengood to transition directly from working with 2x4 wooden mock-ups of the product to 3D computer models on the same day it installed the software. Additionally, CoCreate allows every team member to make immediate and unhampered changes to the Livengood Platform design, allowing for contract designers to add their expertise without being delayed by working through the design history.
"If we couldn't make last minute changes, we couldn't exist. Our new product is first to market, but that market is comprised of many different hospitals and facilities, each having a specific set of requirements," said Joe Livengood, M.D., chief executive officer, Livengood Engineering. "Our ability to quickly modify detailed portions of the design using CoCreate is essential to meeting our customers' needs."
"When Livengood develops a first-to-market product, the ability to adapt to changing requirements late in the product development cycle is essential," said Martin Neumueller, CoCreate product management director, PTC. "CoCreate delivers a fast, flexible approach that enables Livengood to quickly respond to changing customer requirements, which helps them be more responsive to its customers' product needs."
Livengood Engineering designs and builds the Livengood Platform, an ambulatory-assist device that improves patient independence and mobility. For more information on Livengood Engineering, please visit www.livengoodmed.com.
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Retail and Consumer, and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: PTC's ability to offer multiple design and data management solutions while providing adequate levels of support, the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements, the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; and our ability to effectively support multiple PLM product suites; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any selection or use of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period. Anecdotal information concerning the benefits and results obtained by customer's using PTC solutions is based upon the particular user's experience, is furnished for informational use only and should not be construed as a guarantee or commitment by PTC. Due to the varying degree of complexity of our customer's products and/or their design processes typical or generally expected results are not available.
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