PTC and GE Digital to Expand Strategic Alliance
Companies to Focus on IoT Technologies ThingWorx and Predix
PTC (NASDAQ: PTC) and GE Digital today announced from GE’s Minds + Machines 2016 plans to expand their strategic
alliance, first established in 2015, to bring integrated solutions to the Industrial Internet of Things (IIoT) market.
Specifically, the companies will pursue a ‘ThingWorx for Predix’ technology suite that will make it easier for joint customers to
use ThingWorx to develop custom applications that run on Predix, GE’s Industrial Internet operating system. Additionally, PTC
intends to sell ThingWorx coupled with GE’s Predix technology, and GE intends to sell ‘ThingWorx for Predix’ together with Predix
solutions that it offers to new and existing customers.
The expansion of the collaboration between PTC and GE Digital is based on a shared vision for the Industrial Internet and
defines the respective complementary roles of ThingWorx and Predix.
PTC’s ThingWorx® application enablement tools allow for rapid drag-and-drop development of IoT solutions that readily
incorporate industrial automation connectivity, machine learning and predictive analytics, remote service, and powerful augmented
and virtual reality (AR/VR) experiences. GE’s Predix provides an edge to cloud distributed operating system for the Industrial
Internet, including edge management and analytics, cloud-based connectivity and asset management. The companies plan to leverage
PTC technology as an easier means of development on Predix.
Working with GE, PTC plans to develop an optimized version of elements of its ThingWorx technology suite that would integrate
tightly with Predix, making it possible for customers to enjoy the full power of ThingWorx with their Predix system. In turn, GE
would deploy ‘ThingWorx for Predix’ together with Predix for its own internal manufacturing and service processes. The
collaboration will explore making the complete range of ThingWorx capabilities available in ‘ThingWorx for Predix,’ including
capabilities from PTC’s ThingWorx, Kepware®, and Vuforia® solutions, enabling GE and its customers to
accelerate the development and deployment of Predix-based solutions. ‘ThingWorx for Predix’ would leverage the platform
capabilities in Predix to store the underlying asset models and run analytics at scale.
PTC would pursue opportunities to sell joint offerings based on GE Digital’s Brilliant Manufacturing Suite or use cases where
ThingWorx is integrated with Predix. GE would sell ‘ThingWorx for Predix’ IoT solutions to new and existing customers, with a focus
on smart engineering, manufacturing, operations, and service.
“GE Digital is one of PTC’s most forward thinking partners, and has been working closely with us to push the boundaries of
what’s possible with the convergence of the physical and digital worlds,” said Jim Heppelmann, president and CEO, PTC. “The
intended expansion of our collaboration is yet another great example of what our companies are capable of achieving together, and
we will work to bring increased value not just to GE and PTC, but to our respective and mutual customers.”
“Tools from ThingWorx with Predix the platform are two of the most powerful offerings across the entire Industrial IoT
landscape. By bringing together their complementary capabilities in ThingWorx for Predix, GE aims to bring new levels of
intelligence and efficiency to our internal manufacturing operations, as well as extend those benefits to our ever-growing customer
base,” said Jim Fowler, CIO, GE.
Additional Resources
About GE Digital
GE Digital connects streams of machine data to powerful analytics, providing Industrial companies with valuable insights to manage
assets and operations more efficiently. World-class talent and software capabilities driving big gains in productivity,
availability and longevity. For more information, visit the website at www.ge.com/digital.
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.
PTC.com @PTC Blogs
Forward Looking Statements
Certain statements contained in this press release, including statements regarding the potential collaboration between PTC and GE
and potential combined solutions, constitute forward looking statements. There are a number of important factors that could cause
results to differ materially from those described in this press release, including that PTC and GE may not enter into a binding
agreement and that any collaboration may not result in viable commercial solutions or generate revenue.
PTC, ThingWorx, Kepware, Vuforia, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in
the United States and other countries.
PTC
Jack McAvoy, 781-370-6143
Corporate Communications
jmcavoy@ptc.com
or
FleishmanHillard
Sara Steindorf, 314-982-1725
sara.steindorf@fleishman.com
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