PTC Japan K.K. has recently announced that its U.S.-based parent company, PTC Inc., the digital transformation (DX) company that provides software and industrial service solutions, has joined as a strategic member in the Industrial Internet-of-Things Innovation (I3) ( https://www.a-star.edu.sg/iiot/home ) program of the Agency for Science, Technology and Research (A*STAR, https://www.a-star.edu.sg/ ) of Singapore in collaboration to embark on and enhance the deployment of Industrial Internet of Things (IIoT) and DX in the Singapore market.

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At PTC’s demonstration booth at A*STAR's I3 Nexus technology showcase, the collaboration provides the platform space for organizations to start their DX projects and digital roadmap planning. (Photo: A*STAR I3)

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The I3 program is an industry-driven initiative by A*STAR that brings together best-in-class global and local companies with R&D capabilities in Singapore to leverage IIoT research to develop industry-ready solutions. Such strategic public-private collaboration provides PTC the avenue to embark on its Industry 4.0 initiatives quickly and effectively by bringing together the domain expertise and vast use cases from across Singapore's R&D ecosystem.

The collaboration will bring a clear value proposition and ROI to customers’ DX roadmaps through cross-learning from different sectors PTC has worked in, use-case workshops to derive financial impact calculations, and the pooled research resources from I3. The collaboration also allows customers to benefit from the early co-development of technologies and test-bedding solutions executed with PTC. PTC provides digital innovation solutions to enable clients’ DX roadmaps. The customer could expect the successful implementation of Industry 4.0 DX to derive substantial value such as manufacturing optimizations, cost efficiencies, and quality assurances of their business.

Lau Shaw Luen, VP, IoT/AR Sales & Strategic Alliances, PTC APAC, said: “I am very excited to be onboard with A*STAR. I believe our collaboration would bring about new synergies between industry partners and provide enterprises the latest innovations that can benefit their day-to-day operations.”

Dr. Daniel Cheong, Program Director, I3, A*STAR, said: "We are pleased to welcome PTC as a strategic member of I3. Collaboration is key to driving and accelerating the adoption of IIoT and Industry 4.0 technologies in the industry. We want to develop and validate novel end-to-end solutions that can be translated into industry applications with real benefits to end-users."

About PTC Inc. (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation -- on-premise, in the cloud, or via its pure SaaS platform. PTC doesn't just imagine a better world; the company enables it.

For more information, please visit:

- Official website: https://www.ptc.com/en

- Twitter: https://twitter.com/PTC

- Blogs: https://www.ptc.com/en/blogs

About the Agency for Science, Technology and Research (A*STAR)

The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public-sector R&D agency. Through open innovation, A*STAR collaborates with its partners in both the public and private sectors to benefit the economy and society. As a science and technology organization, A*STAR bridges the gap between academia and industry. Its research creates economic growth and jobs for Singapore, and enhances lives by improving societal outcomes in healthcare, urban living, and sustainability. A*STAR plays a key role in nurturing scientific talent and leaders for the wider research community and industry. A*STAR's R&D activities span biomedical sciences to physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis. For ongoing news, visit www.a-star.edu.sg.

Follow Agency for Science, Technology and Research (A*STAR) on:

- Facebook: https://www.facebook.com/ASTARSG/

- LinkedIn: https://www.linkedin.com/company/astarsg/

- Instagram: https://www.instagram.com/astarsg/

- YouTube: https://www.youtube.com/astartv

- Twitter: https://twitter.com/astarsg

Notes:

*The announcement of any particular 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, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.