GE and PTC Form Broad Strategic Alliance to Pursue Brilliant Factory Opportunity

GE (NYSE: GE) and PTC (NASDAQ: PTC) today announced that the two companies are partnering to deliver an innovative manufacturing solution that will be available within GE’s Brilliant Manufacturing Suite. This new GE-branded manufacturing solution leverages the capabilities of PTC’s ThingWorx Industrial Internet of Things application enablement environment. The result is an industry-hardened solution that features flexible dashboards and powerful data analytics integrated with GE’s software capabilities on the manufacturing plant floor.

The joint solution connects disparate systems – from the shop floor to the ERP – and offers a dashboard and differentiated user experience with consumer-like drag-and-drop capabilities tailored to each user’s role.

GE and PTC will align their respective global manufacturing sales and marketing teams to jointly pursue opportunities worldwide. As GE is one of the world’s largest manufacturing companies, the GE-PTC solution will be implemented within GE’s internal manufacturing plants as part of its Brilliant Factory initiative.

“The Brilliant Factory integrates engineering and manufacturing design, leverages data to run our factories much more productively, and optimizes the entire supply chain,” said Jamie Miller, GE CIO. “This solution gives us the ability to see that data clearly and easily in a format that makes critical decisions possible, so we can increase machine uptime and predict maintenance before it is needed.”

Leveraging PTC’s ThingWorx technology as part of GE’s Brilliant Manufacturing Suite provides robust manufacturing optimization capabilities coupled with:

• Role-based manufacturing dashboards with real-time manufacturing KPIs
• Standardized KPI models for all plants, connecting to heterogeneous system landscapes
• Collaboration, alerts, notifications and access to actionable data to make more informed decisions

“GE’s world class manufacturing plants have provided a testing ground for this technology,” said Kate Johnson, Chief Commercial Officer for GE Digital. “A united GE and PTC team is now poised to deliver a modular and robust solution to manufacturers badly in need of optimization through digitization.”

GE and PTC will also work together to certify ThingWorx for the Predix ecosystem.

”GE is a true pioneer in the use of technology to build advanced manufacturing facilities,” said Jim Heppelmann, president and CEO of PTC. “It is significant validation that such an industry leader has chosen to deploy our ThingWorx technology at scale. We look forward to collaborating with GE to deliver the promise of the Internet of Things to manufacturers around the globe.”

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About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com.

About PTC

PTC (Nasdaq: PTC) is a global provider of technology platforms and enterprise applications for smart and connected products, operations, and systems. PTC’s enterprise applications serve manufacturers and other businesses that create, connect, operate, analyze and service products. Led by its award-winning ThingWorx® application enablement platform, PTC’s platform technologies help companies deliver new value emerging from the Internet of Things. An early pioneer in Computer Aided Design (CAD) software, PTC later expanded into product lifecycle management and service lifecycle management. Today, PTC employs more than 6,000 professionals serving more than 28,000 businesses worldwide. Get more information at www.ptc.com.

ThingWorx is a trademark or registered trademark of PTC Inc. or its subsidiaries in the United States and other countries.

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