Customer Success: PTC Congratulates Penske Racing Team for Unprecedented Weekend of Race Track Wins

Victories Also Mark Win for Design Partnership

NEEDHAM, MA. – August 31, 2011 – 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:

·       Video, Tim Cindric, President, Penske Racing, Why we are winning with PTC Creo design software

·       Video, Stephen Pickett, Senior Vice President and CIO, Penske Technology, Why Penske is winning with PTC technology and Microsoft Sequel Server  

 

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.


PTC and its logo and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and other countries.