Business Wire

PTC Improves Workforce Efficiency with Launch of Breakthrough Vuforia Expert Capture Augmented Reality Solution

Del

PTC (NASDAQ:PTC) today announced from HANNOVER MESSE the release of its Vuforia® Expert Capture™ augmented reality (AR) solution, which is designed to improve workforce productivity, quality, safety, and compliance. Vuforia Expert Capture provides industrial enterprises with a faster, more efficient way to empower front-line workers with the relevant information they need to get the job done quickly and accurately the first time.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190331005064/en/

With a major skills gap threatening the manufacturing industry, more effective knowledge transfer from existing subject matter experts (SMEs) is critical. Over the next decade, 10 million manufacturing jobs will likely be needed, yet millions are expected to go unfilled, according to a report from Deloitte and the Manufacturing Institute. An exodus of retiring workers, combined with increasing product complexity and customer demand, requires best-in-class manufacturers to take new approaches for delivering relevant information to front-line workers.

“We are excited to offer industrial enterprises a new way to use AR to leverage the tribal knowledge of SMEs and help alleviate the skills gap crisis threatening today’s industrial enterprise,” said Mike Campbell, EVP, augmented reality products, PTC. “Vuforia Expert Capture is a high-value, out-of-the-box solution that accelerates AR content creation that enables manufacturers to not only improve the accuracy and speed at which workers successfully complete new or unfamiliar tasks, but also to reduce training costs and time to productivity.”

Vuforia Expert Capture provides up-to-date, relevant information when and where workers need it most – in the real-world context of their daily work environment. Knowledge can be captured on-the-fly as needs arise, without causing disruption to high-value workers. No advance preparation or development efforts are required to easily create step-by-step instructions for hands-on training and task guidance.

Captured procedures can be fine-tuned in a secure, SaaS-based environment and then dynamically delivered on RealWear HMT-1, Microsoft HoloLens, and mobile devices to front-line workers across the enterprise. Spatial intelligence from HoloLens’ location-aware functionality can be leveraged to safely guide front-line workers through multi-step procedures at different locations without compromising speed and accuracy.

Vuforia Expert Capture is a valuable solution in manufacturing environments where existing service/maintenance/changeover procedures for equipment are unavailable. SMEs can easily record directions on how to perform these critical tasks, which can then be shared with new or redeployed workers for fast, efficient on-the-job guidance. Easy access to standardized instructions in the context of their work environment enables improved worker understanding and increased efficiency, uptime, and quality.

"Global Foundries has embraced augmented reality across its worldwide factories as one of the key levers of productivity improvements in a competitive marketplace,” said DP Prakash, Head of Innovation in AI ML AR VR, from the CIO Office of Global Foundries. “With Vuforia Expert Capture, we are increasingly able to capture the wisdom of our workforce on the factory floors. This Vuforia capability speeds up the time to document Standard Operating Procedures (SOPs) by up to 10X, and helps reduce training time for employees in the classroom and factory by 50 percent.”

To learn more and see a demo of Vuforia Expert Capture, visit PTC at HANNOVER MESSE. Vuforia Expert Capture is expected to be generally available at the end of May 2019.

Additional Resources

The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.

About Vuforia

PTC’s heritage in the industrial world grounds us in reality and our belief in the human potential drives our vision; augmented reality helps fulfill that potential. Our Vuforia augmented reality solutions enable dramatic improvements in worker productivity for the industrial enterprises as they undergo digital transformation. Through immersive interactions and guidance, Vuforia’s AR experiences enable increased worker efficiency, enabling companies to reduce costs associated with scrap and rework and improve quality. Through AR, workers can become skilled and productive in a fraction of the time of traditional training methods, increasing their productivity along with their safety and compliance.

About PTC (NASDAQ:PTC)

PTC unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.

PTC.com @PTC Blogs

PTC, Vuforia and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

Contact information

PTC
Corporate Communications
Jack McAvoy
jmcavoy@ptc.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

The Smarter E Europe – Explore Sector Coupling for Yourself at Europe’s Largest Platform for the Energy Industry25.4.2019 09:53:00 CESTPressemelding

The innovation hub The smarter E Europe, encompassing the exhibitions Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power, was launched in 2018 and has seen impressive growth ever since. It will be held for the second time from May 15–17, 2019 at Messe München and will now cover 10 exhibition halls, making it Europe’s largest energy industry event. This growth is due in large part to the upward trend in renewable energies. Since 2010, the proportion of energy generated worldwide from renewable sources has risen from 20 to 25 percent. By 2030, we’re looking at a jump to around 60 percent. In Germany, an average of 45 percent of all electricity generated already came from renewables in the first quarter of 2019. This dynamism is stimulating innovation and shaping the modern energy industry. The buzzword of the hour is sector coupling – a unification of the previously independent electricity, heating and transportation sectors. For instance, a photovoltaic (PV) installation in

The “One and Done” Era for Orphan Drugs: Evaluate Predicts 12% Growth, Driven by New Technologies, but Benefits Go to Big Pharma25.4.2019 07:00:00 CESTPressemelding

Scientific advancements will help propel the orphan drug market to a 12% CAGR to 2024, double the 6% rate expected for non-orphan products. In addition to recent breakthrough cell and gene therapy products like Yescarta and Luxturna, a number of “one and done” treatments for orphan diseases are approaching the market, including Novartis’s Zolgensma and bluebird bio’s Lentiglobin. The explosion of new technologies brings their high price points into greater focus — for example, the $425,000 per eye list price for Spark’s Luxturna is the value-based price agreed on with Spark and payers. In 2018, the mean cost for an orphan drug was 4.5 times that of a non-orphan product. Despite the clear advancements in treatment, however, those calling for reform of the Orphan Drug Act may gain further ammunition. Big pharma continues to entrench their position in the orphan market, as evidenced by Bristol-Myers Squibb’s bid for Celgene, Roche’s pending acquisition of Spark, and Novartis’s $8.7bn paym

NTT Group Increases Capital in NTT Global Data Centers Corp. to Further Strengthen Data Center Business25.4.2019 06:00:00 CESTPressemelding

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), NTT Urban Development Corporation, Nippon Telegraph and Telephone Corporation (NTT Corporation), NTT Finance Corporation announced today that it has increased its capital in NTT Global Data Centers Corporation (NTT GDC), a subsidiary company handling centralized global construction, management and equipment wholesales for NTT group data centers. NTT GDC is capitalized at 1.25 billion JPY, of which 60% will be had share by NTT Com. And three other NTT Group companies newly acquired shares in NTT GDC, namely, NTT Urban Development Corporation (20%), NTT Corporation (10%) and NTT Finance Corporation (10%), all as of today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190424006195/en/ NTT GDC oversees investment and asset-ownership functions for data center construction. Established last year

China Yiwu Imported Commodities Fair 2019 to Open in May25.4.2019 05:49:00 CESTPressemelding

China Yiwu Imported Commodities Fair 2019, the professional platform for international small commodities to enter China, will open on May 23-26, 2019 at the Yiwu International Expo Center in China’s small commodities paradise Yiwu City. The Fair of this year will cover an exhibition area of over 50,000 square meters, providing 2,000 international standard booths in 4 exhibition zones, namely Asia Pavilion I, Asia Pavilion II, European Pavilion and America-Australia-Africa & Cross-border Trade Pavilion. The imported commodities to be displayed will include household items, maternal and child supplies, beauty and personal care, crafts, home appliances, food and beverage, health and nutrition, fashion accessories, creative toys, stationery, sports goods, clothing and accessories. The Fair is expected to attract over 1,500 business companies and organizations from over 100 countries and regions across the world. The number of visitors and buyers will exceed 120,000. The Import Commodities

Biomedical Software Startup BostonGene Secures $50M in Series A Financing from NEC25.4.2019 01:00:00 CESTPressemelding

NEC Corporation (NEC; TSE: 6701) and BostonGene Corporation (BostonGene), a Boston, Mass-based biomedical software company, today announced a US$50M series A strategic investment in BostonGene by NEC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190424006170/en/ BostonGene, a pioneer in the use of biomedical software for advanced patient analysis, has discovered, developed, and patented a holistic approach to cancer treatment by defining the optimal therapy combination for individual patients, with a particular focus on immuno- and targeted therapies. BostonGene’s solution includes: Genome and transcriptome sequencing methods to create a patient’s molecular profile. Algorithms that estimate the immune fitness and cancer characteristics of a patient. A continuously updated expert-curated and Artificial Intelligence (AI)-driven database of cancer research and clinical information. Cloud-native software that delivers a patien

ABS, Google Cloud and SoftServe Partner to Demonstrate Feasibility of AI-enabled Corrosion Detection24.4.2019 15:57:00 CESTPressemelding

ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190424005822/en/ ABS, Google Cloud and SoftServe Partner to Demonstrate Feasibility of AI-enabled Corrosion Detection (Photo: Business Wire) The project successfully demonstrated the accuracy of AI in detecting and assessing structural anomalies commonly found during visual inspection. AI techniques could be further used to analyze images over time to understand corrosion and coating breakdown trends. “Digital innovation in AI will change how surveys and maintenance strategies are executed, driving more condition-based approaches to class and maintenance,” said ABS Chairman, President and CEO, Christopher J. Wiernicki. “We are building a future in which digital tools can remotely assess the co