The agreement includes an option for future expansion of the connection to the Technion institutions in the USA and China * The scope of the investment is 7 million dollars
The American company PTC signed an agreement with the Technion according to which it will support, with an investment of 7 million dollars, the establishment of a robotics and digital design center in the Department of Science and Technology Education, headed by Professor Igor Werner. As part of the agreement, PTC will finance the establishment of the center and its operation in the next three years.
PTC has been operating in Israel for over 20 years and its Israeli center is one of its three leading outdoor centers in the world. PTC Development Center employees will be involved in various activities at the Robotics Center. In addition, the PTC software will be used by the students in the new center at the Technion.
Both sides positively consider the possibility of future expansion of their relationship to the Technion institutions in the USA and China.
PTC is an American company based in Boston and is traded on Nasdaq. The company employs over 6,000 people and its sales turnover in 2013 amounted to approximately one billion three hundred million dollars. PTC's clients include some of the largest manufacturing and technology companies in the world, including: Toyota, Lockheed Martin, Boeing, Audi, Caterpillar, General Electric, Raytheon, EADS, Samsung, Dell, Toshiba, Motorola and more.
PTC's development center in Israel has been operating since 1991 as the company's first development center outside the USA. Today the development center employs about 250 people in two centers in Herzliya and Haifa. The Israeli development center is the second largest development center in the world outside of the USA. In recent years, PTC defined the development center in Israel as a strategic development center, as a result the center tripled its size in less than a decade. The Israeli center is responsible for the development of PTC's leading products that are sold all over the world.
PTC's software makes it possible to plan products - in XNUMXD, and to manage the entire life of the product from the concept, design, production to customer support. The software allows you to design the product digitally, see it in XNUMXD, examine how all its components fit together and allow customers or suppliers to examine it during the planning stages and change it relatively easily even before it reaches the production stages.
Ziv Belfer, director of the PTC development center in Israel, says: "We are happy about the signing of the agreement with the Technion and that we will help build the new center. As a company that develops technologies to open products, we see technological education as a valuable thing. The Technion is considered one of the world's leading academic institutions in the fields of engineering and technology, and such cooperation is another step to promote technology education in Israel and the world. "
Prof. Boaz Golani, the Technion's vice president for external relations and resource development, also welcomed the agreement and added: "The Technion welcomes partnerships with technology companies that enrich the study content and also contribute to the students' learning experience. The agreement is another layer in an extensive system of existing relationships between the Technion and teaching and research institutions in the state of Massachusetts. PTC's contribution is further evidence of the Technion's reputation and its international recognition as one of the world's leading institutions in science and technology."
