PTC advances environmental product design and regulatory compliance offering with new acquisition
PTC has acquired the business assets of Synapsis Technology Inc, a provider of environmental regulatory compliance solutions to customers including Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne, and Cisco.
Needham, MA — PTC has acquired the business assets of Synapsis Technology Inc. Synapsis provides environmental regulatory compliance solutions to customers including Motorola, Microsoft, Sony Ericsson, Visteon, Delphi, IBM, GE, Beckman Coulter, Teradyne, and Cisco. Financial terms of the acquisition were not disclosed. With this acquisition, PTC claims it will broaden its support for green product design and enable customers to achieve compliance with REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and other environmental regulations such Europe’s and China’s RoHS (Restriction of Hazardous Substances), as well as WEEE (Waste Electrical and Electronic Equipment) and ELV (Emission Limit Values).
REACH targets hazardous substances in products, termed substances of very high concern (SVHC), and may ban up to 3,000 chemicals used in a wide variety of products. A failure to demonstrate compliance with REACH and other regulations can have severe consequences, threatening product viability and revenue.
Synapsis' patented solution supports product compliance tracking at the substance, material, part and product levels to improve data collection, analysis, and reporting from the beginning of product design to final disposal and recycling.
With the Synapsis solutions, PTC says it will expand the capabilities of its Product Development System (PDS) to help companies build environmental compliance into the product development process, managing compliance with existing and future environmental regulations. By proactively addressing compliance during product design, companies can avoid after-the-fact redesigns, ultimately reducing costs and improving quality and time-to-market.
Synapsis solutions are available immediately from PTC. In the near future, PTC will announce further details regarding the timing and availability of an integration with Windchill, PTC's content and process management solution.
For more information, visit: www.ptc.com/company/synapsis .
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