PTC renew sponsorship of Formula Student UK competition

PTC Academic Program provides next-generation engineers with winning tools to design and monitor Formula-style race cars

PTC (NASDAQ: PTC) and partner, Concurrent Engineering, today announced renewed  sponsorship of Formula Student UK, the popular program where engineering students compete to design, build, test and race small-scale formula-style cars. Large crowds are expected to cheer on the over 130 teams from more than 30 countries that will compete for the coveted title in Silverstone from 11-15 July.

Run by the UK Instituion of Mechanical Engineering, Formula Student UK (FS) is Europe's most established educational engineering competition. Backed by industry and high-profile engineers such as patron, Ross Brawn OBE, the competition is designed to nurture enterprising and innovative students and spotlight engineering as an appealing career for young people to pursue.

PTC thoroughly enjoys supporting aspring engineers through its Academic Program. The PTC Academic Program is designed and exclusively driven to support the next generation of engineers by providing its Industry-winning solutions to academic institutions. PTC offers Formula Student participants free use of its award-winning suite of product development tools such as:

• PTC Creo 4.0 Educational Premium: a suite of computer-aided parametric and FEA design apps that support product design and allow for the launch of AR experiences
• PTC Mathcad Prime 4.0: engineering software for carrying out, analysing and sharing vital mathematical calculations and directly integrating them in Creo
• PTC’s Product Lifecycle Management solution Windchill:, a tool for easy and effective project management
• PTC’s award-winning Industrial IoT platform ThingWorx for monitoring connected products
• Access to IoT University, PTC’s online training platform, for self-paced dynamic learning exercises.

Bernhard Eberl, director of the Global Academic Program at PTC: "Formula Student is a great opportunity for endeavouring engineers to gain professional, hands-on experience in their field of study. This year a driverless car will be among the entries, proving that when given industry-leading software and access to leading-edge IoT and AR platforms, there are no limits to what can be acheived. The excitement around this event is tangible and we are proud to offer our solutions and our support to the engineers of tomorrow.”

During the event at Silverstone, PTC and UK partner Concurrent Engineering will display and demonstrate their product development software solutions. Visitors are encouraged to stop by and investigate the software used to build the impressive FS cars. Informational brochures will be also available for graduates interested in beginning their career path with PTC.

Additional resources

• Harvard Business Review: “Why Every Organization Needs an AR Strategy,” authored by PTC CEO Jim Heppelmann and Harvard Professor Michael Porter

About Formula Student

Formula Student (FS) is Europe's most established educational engineering competition. Backed by industry and high-profile engineers such Patron, Ross Brawn OBE, the competition aims to develop enterprising and innovative young engineers and encourage more young people to take up a career in engineering.

The format of the event is such that it provides an ideal opportunity for the students to test, demonstrate and improve their capabilities to deliver a complex and integrated product in the demanding environment of a motorsport competition.

The project usually forms part of a degree-level project and is viewed by the motorsport industry as the standard for engineering graduates to meet, transitioning them from university to the workplace. It is a kite-mark for real-world engineering experience.

Formula Student 2018 will take place on 13-15 July 2018 at Silverstone, the home of British Motorsport.

About PTC (NASDAQ: PTC)

PTC helps companies around the world reinvent the way they design, manufacture, operate, and service things in and for a smart, connected world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, our leading industrial innovation platform and field-proven solutions enable you to unlock value at the convergence of the physical and digital worlds. With PTC, manufacturers and an ecosystem of partners and developers can capitalize on the promise of the Internet of Things and augmented reality technology today and drive the future of innovation.

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