The connected lab will provide organisations with an environment to explore the opportunities of leading-edge network technologies
FARNBOROUGH, UK. – February 21, 2019 –– PTC (NASDAQ: PTC) has announced its partnership with Digital Catapult in the launch of its Future Networks Lab, a London-based facility dedicated to leading-edge network and IoT technologies. The facility is designed to make use of leading advanced digital technology to drive early adoption of solutions that can make UK businesses more competitive and productive to grow the country’s economy.
Opened this month, the Future Networks Lab is one of the first facilities in Europe specifically designed with a focus on IoT, 5G and LPWAN technologies. Digital Catapult and its partners have created a facility that unlocks value for industry by enabling collaboration, experimentation and demonstration of the potential of these new and exciting technologies at scale. The facility will offer a place for start-ups, corporations and network platform providers to collaborate and leverage technical expertise, innovation support and advanced digital infrastructures.
PTC, selected to partner with Digital Capital for its IoT and augmented reality expertise, will contribute its ThingWorx® connected Bosch Rexroth Cytropac unit to demonstrate the benefits of a device that has been engineered as a smart connected product, with connectivity from the edge to the cloud. Companies who visit the Future Networks Lab will be able to observe the device as it performs through a tablet driven by PTC Vuforia®augmented reality experience – viewing sensor feeds, sales information and a service procedure showing the replacement of the filter unit.
Jeremy Silver, CEO, Digital Catapult, said: “Today’s companies need modern, efficient and resilient technological infrastructure. Digital Catapult’s new Future Networks Lab will provide some of the key building blocks to help unlock that developing infrastructure and the new services that will run on it. We’re excited to launch this new facility alongside some of Britain’s leading players. Together, we are helping companies of all sizes access the latest IoT-enabling technologies, developing collaboration opportunities and running programmes that will bring all sorts of experts together in an inspiring space.”
Smart Connected Operations allow manufacturers to connect equipment on their factory floors to increase productivity, flexibility and safety and reduce costs. Equipped with sensors that enable industrial assets to report on their status, performance and condition, manufacturers are making their factories smarter, giving operators real-time insight into how machinery might be optimised and reassigned to deliver incoming orders and alerting them to any issues that could lead to downtime.
“Paul Haimes, VP Pre-Sales, PTC, said: “PTC has a long history of working with UK’s Catapult Centres with over a decade of successful collaboration at the AMRC High Value Manufacturing Catapult. We’re excited about our new partnership with Digital Catapult and specifically the Future Networks Lab which will allow organisations to blueprint and validate the value of their digital use-cases in a single location using industry-leading technologies.”
- ThingWorx IoT Platform
- Harvard Business Review: “How Smart, Connected Products are Transforming Competition,” authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
About the Digital Catapult
Digital Catapult is the UK’s leading advanced digital technology innovation Centre, driving early adoption of technologies to make UK businesses more competitive and productive to grow the country’s economy.
Digital Catapult connects large established companies, startup and scaleup businesses and researchers working with artificial intelligence, immersive technologies, and future networks (5G & LPWAN) to discover new ways to solve big challenges in the manufacturing and creative industries. Through this collaboration businesses are supported to develop the right technologies to solve problems, increase productivity and open new markets faster.
Digital Catapult provides physical and digital facilities for experimentation and testing that would otherwise not be accessible for smaller companies.
As well as breaking down barriers to technology adoption for startups and scaleups, our work de-risks innovation for large enterprises and uncovers new commercial applications in the advanced digital technologies that underpin a modern industrial economy.
For more info please visit www.digicatapult.org.uk / @digicatapult
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.
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