Lufthansa Technik Group Embarks on Digital Transformation Journey with PTC Windchill and ThingWorx

PTC Provides PLM Core while Advancing Lufthansa’s Smart Factory with
IoT

BOSTON–(BUSINESS WIRE)–#DigitalTransformationPTC
(NASDAQ: PTC) today announced that Lufthansa Technik Group has selected
the Windchill®
Product Lifecycle Management (PLM) and the ThingWorx®
Industrial Internet of Things (IIoT) platforms as the core technology to
digitally transform its product development and engineering processes.

Windchill will serve as the engineering backbone, enabling R&D and
manufacturing to work concurrently and improve collaboration both
internally and among its many suppliers. Windchill’s secure data
repository will also help ensure that Lufthansa Technik’s intellectual
property is protected across its global supply chain. ThingWorx will
enable Lufthansa Technik to monitor its workshops, advance automation,
and increase data-driven decision making. Together, Windchill and
ThingWorx will enable the Group to significantly increase the level of
digitalization within its processes, improve interfaces between
customers and suppliers, and create new innovative digital business
models to generate new revenue streams.

“Lufthansa Technik stands for state-of-the-art workmanship and the very
best quality. The magnitude of our organization combined with the
complexity of the processes and projects we drive, made the dedicated
step to across-the-board digital transformation imperative,” said Dr.
Severin S. Todt, senior director IT completion and design solutions,
Lufthansa Technik AG. “Lufthansa Technik carried out a comprehensive and
extensive evaluation of competitive PLM and IoT systems before selecting
PTC. The Group chose PTC technology based on its world-class
architecture and the seamless integration between Windchill and
ThingWorx. Combined, the robust data management backbone and
award-winning IIoT platform will enable a new level of collaboration
both internally and externally, protect our IP, and help us measure and
maintain the highest possible quality at all times. The PTC Customer
Success program provided great support during our first IoT projects and
supplied us with technical expertise as needed from highly skilled
technical experts. With guidance from PTC’s Customer Success
organization, we were able to smoothly reach our project goals on time.”

“Enabling digital transformation for the Aerospace and Defense market is
a major focus for PTC. We’re proud to be working with Lufthansa Technik
as they embark on their transformation journey,” said Kevin Wrenn,
divisional general manager, PLM segment, PTC. “This world-class
organization’s selection of Windchill and ThingWorx is indicative of
large enterprises favoring scalable, out-of-the-box solutions that
connect well with other enterprise domain systems in an open, modern
architecture.”

About Lufthansa Technik Group
With some 35 subsidiaries and
affiliates, the Lufthansa Technik Group is one of the leading providers
of technical aircraft services in the world. Certified internationally
as maintenance, production and design organization, the company has a
workforce of more than 25,000 employees. Lufthansa Technik’s portfolio
covers the entire range of services for commercial and VIP/special
mission aircraft, engines, components and landing gear in the areas of
digital fleet support, maintenance, repair, overhaul, modification,
completion and conversion as well as the manufacture of innovative cabin
products. For more information, visit us at www.lufthansa-technik.com.
Follow Lufthansa Technik on Twitter: @LHTechnik, on Facebook:
LufthansaTechnikGroup, on Instagram: LHTechnik, on LinkedIn: Lufthansa
Technik AG, and Youtube: LufthansaTechnikGroup

About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation
with award-winning, market-proven solutions that enable companies to
differentiate their products and services, improve operational
excellence, and increase workforce productivity. With PTC, and its
partner ecosystem, manufacturers can capitalize on the promise of
today’s new technology to drive digital transformation.

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The announcement of any selection or implementation of PTC products is
not necessarily indicative of the timing of recognition of revenue
therefrom or the level of revenue for any particular period.

PTC, Windchill, ThingWorx, and the PTC logo are trademarks or
registered trademarks of PTC Inc. in the United States and other
countries.

Contacts

PTC
Corporate Communications
Jack McAvoy
jmcavoy@ptc.com

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