Li Ning (China) Deploys PTC FlexPLM to Drive PLM Initiatives and Increase Global Competitiveness

NEEDHAM, Mass. — (BUSINESS WIRE) — June 22, 2009 PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Li Ning (China) Sports Goods Co. Ltd., a leading sporting goods provider, has become the first Chinese manufacturer to adopt PTC’s retail, footwear, and apparel solution, FlexPLM™. Li Ning (China) will standardize on FlexPLM as its collaborative product lifecycle management (PLM) system to help drive the success of its corporate expansion and globalization initiatives. FlexPLM is an intuitive, highly scalable and fully configurable Web-based solution based on PTC’s Windchill® technology that enables global product teams to work more efficiently and productively. Li Ning (China) will use FlexPLM for line planning, product data management and change management. With the out-of-the-box capabilities of FlexPLM, Li Ning (China) expects to significantly increase its product development efficiency and enhance the quality of products and materials through accurate specifications.

Li Ning (China) has a proud history of supporting Chinese athletics and has always worked closely with the Chinese Olympic Committee to advance the success of its country’s athletes through sponsorship of sporting events. The company views product development similar to a highly competitive, never-ending, competition and has committed itself to achieving the highest standards of excellence. Recognized for its innovation, in 1998 Li Ning (China) became China’s first domestic company to create a design and development center for apparel and footwear and is known as the leader in the Chinese sporting goods industry.

As a result of rapid growth, Li Ning (China) identified the need to replace its current manual processes for line planning, product design, specification development, material development, sample management, calendar management, and other operational systems which had become incapable of supporting the company’s dynamic product management needs. The company sought a technology solution that would help resolve its challenges of how to manage, collaborate on and share key product designs, materials utilization, production tracking, packaging, and production cost information across a distributed global environment.

Li Ning (China) chose FlexPLM because of its capabilities in seasonal planning, product line development, specification creation and sample management. By combining PTC’s solution with Li Ning’s (China) progressive management philosophy and industry experience, Li Ning (China) expects to optimize key product development processes, establish an integrated and accurate data management platform, improve product development efficiency and accuracy, and increase its ability to quickly and efficiently respond to market needs and popular trends.

“Historically, Li Ning (China) has used Microsoft® Excel® and Project to manage the product development process, however these technologies lack the essential capabilities necessary to achieve our business objectives,” said Guo Jianxin, chief operating officer, Li Ning (China) Sports Goods Co. Ltd. “With the selection of PTC's FlexPLM, we are establishing a complete system for product development that has the unique features we need to be competitive.”

“Li Ning (China)’s innovative approach to product design is reflected in its forward looking approach to technology adoption. We are very excited to be working with Li Ning (China) as the first Chinese based apparel and footwear company to adopt PTC enterprise PLM,” said Kathleen Mitford, vice president, product and market strategy, PTC. “We are looking forward to working closely with Li Ning (China) supporting Li Ning’s goal to ‘promote Chinese athletics and let sports make a difference in our lives.”

About Li Ning (China) Sports Goods Co. Ltd

Li Ning (China) Sports Goods Co. Ltd. was founded in 1990, in Sanshui, Guangdong Province. As the biggest Chinese sports goods brand, Li Ning owns brand property of “Li-ning” and “Z-DO” as well as rights for product R&D, design, manufacturing (by OEM), marketing, retail and other operational activities etc. With 15 years of development, Li Ning has extended its product range from sports wear to multiple parallel series of sportswear, sports shoes, and sports equipment. The company now owns the largest sports goods distribution network in China, and its products have been distributed to 23 countries and regions all over the world. In 2007, its turnover reached RMB 4.2 billion. For more information about Li Ning (China) Sports Goods Co. Ltd, please visit www.li-ning.com.cn.

About PTC Solutions for Retail, Footwear and Apparel

PTC® solutions for retail, footwear and apparel are designed to meet the product lifecycle management requirements of retailers, branded manufacturers and their suppliers. These web-based solutions are comprised of FlexPLM™ and provide configurable functionality and information visibility across the enterprise and its supply chain. PTC is a leading provider to top retail, footwear and apparel brands worldwide.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.

Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: PTC's successful development and integration of the technologies necessary to offer integrated PLM solutions that address evolving product lifecycle management functions and that are deployable across extended corporate boundaries as well as supply and customer chains, the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver multiple product families and related services that meet customer requirements, the success of PTC’s customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; the possibility that current economic conditions could cause our customers to reduce or forego investment in our solutions and/or could negatively impact our ability to collect receivables due from our customers, either of which would negatively impact our cash from operations and thereby reduce amounts available to invest in our business initiatives; and our ability to effectively utilize our resources to undertake one or more strategic corporate development initiatives while maintaining recurring operations at satisfactory levels, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.

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