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PTC Continues Onshape Momentum with Release of Onshape AI Advisor and Onshape Government

1. PTC launches Onshape AI Advisor for enhanced design productivity. 2. Onshape Government meets ITAR and EAR compliance for defense contractors. 3. New offerings aim to improve efficiency and collaboration in design processes. 4. Onshape hosts significant user growth with over 1.5 million annual signups. 5. The platform adds functionalities to streamline CAD and PDM integration.

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FAQ

Why Bullish?

The introduction of innovative AI tools and compliance solutions positions PTC advantageously. Historically, product enhancements have led to stock surges, such as their prior AI integrations.

How important is it?

The article outlines strategic product developments that are foundational to PTC's growth. With compliance solutions targeting defense sectors, it broadens PTC's potential customer base.

Why Long Term?

Sustained improvements in user productivity and adoption signify ongoing market relevance. As users transition to AI-assisted workflows, demand for PTC solutions may grow steadily over time.

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New AI-powered assistant offers designers step-by-step guidance and recommendations during design process Onshape Government delivers cloud-native CAD and PDM to aerospace and defense companies with ITAR and EAR compliance requirements , /PRNewswire/ -- PTC (NASDAQ: PTC) today announced two new offerings from its cloud-native Onshape® computer-aided design (CAD) and product data management (PDM) platform: Onshape AI Advisor, an intelligent, generative AI-powered assistant that enables the enhancement of design productivity and expertise, and Onshape Government, a specialized solution designed to meet the International Traffic in Arms Regulations (ITAR) and Export Administration Regulations (EAR) regulatory and compliance needs of U.S. government agencies and defense contractors. These offerings empower designers and engineers to work more efficiently, collaborate in real time, and deliver high-quality products to the market faster. Image courtesy of PTC. Onshape AI Advisor helps users accelerate their design process with expert, AI-powered guidance on CAD workflows, PDM best practices, and platform capabilities. Developed on Amazon Bedrock, Onshape AI Advisor helps teams transition from legacy CAD, optimize designs, and improve efficiency. For more on Onshape AI Advisor, please visit: AI for CAD: Boost Productivity and Innovation. Onshape Government is a purpose-built version of Onshape, designed specifically to help meet the compliance needs of U.S. federal and state agencies, defense contractors, and organizations working on regulated projects. Hosted on AWS GovCloud (U.S.), Onshape Government enables compliance with regulations such as ITAR and EAR while offering the same streamlined collaboration and version control and accessibility benefits that make Onshape one of the industry's fastest-growing CAD and PDM solutions. For more on Onshape Government, please visit: Onshape Government.   "Onshape Government and Onshape AI Advisor are the latest examples of us delivering on our mission of helping customers of all sizes and across all industries transform their product development processes," said David Katzman, General Manager of Onshape and Arena, PTC. "We're pleased to extend the benefits of cloud-native CAD and PDM to companies operating in the regulated aerospace and defense market, and we continue to make Onshape one of the most accessible and user-friendly platforms, now with AI-driven assistance throughout the design process."Onshape is the industry's only cloud-native CAD and PDM platform. Leading companies such as Trek Bikes, Garmin, BOA, K2, Garrett Motion, and AURA AERO are all designing products with Onshape. As part of its three-week release cycles, Onshape has added functionality such as CAM Studio, Render Studio, PCB Studio, Onshape Simulation, new surfacing, modeling analysis, and mixed modeling capabilities, and the Onshape-Arena connection for a seamless CAD-PDM-PLM experience. In education, from K-12 through university, Onshape is now generating more than 1.5 million new signups per year. Leading universities, including The Ohio State University, Duke University, and the University of Southern California, are all teaching Onshape as part of their engineering curricula.To learn more about Onshape, visit www.onshape.com.About PTCPTC (NASDAQ: PTC) is a global software company enabling manufacturers and product companies to digitally transform how they design, manufacture, and service products. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, visit www.ptc.com.Media ContactGreg Payne[email protected]Investor ContactMatt Shimao[email protected]PTC, Onshape, and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.SOURCE PTC Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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