PTC® (Nasdaq: PMTC), The Product Development Company®, today announced plans to establish a Research and Development Center of Excellence focused on the specific PLM requirements of the Automotive industry, including the requirement for globalization, the desire for an open PLM platform, the opportunity to optimize service operations, and the need for tighter integration between CAD, BOM and the Digital Mock-Up for rapidly changing vehicle configurations. The R&D center is located in Korea.

Source: www.PTC.com