PTC Expands Spatial Computing Capabilities with Vuforia Engine Area Targets

Rhea-AI Summary

PTC has launched the Vuforia Engine Area Targets, enhancing its augmented reality offerings. This innovative solution enables the creation of immersive AR experiences across spaces of up to 300,000 square feet, allowing industrial organizations to engage employees with machinery effectively. Supported by partners like Matterport and Leica, users can generate photorealistic digital twins, promoting enhanced spatial computing applications. This offering marks a significant expansion in PTC's AR capabilities, aiming to boost workforce safety and operational efficiency.

Positive

• Launch of Vuforia Engine Area Targets enabling AR experiences in large industrial spaces.
• Partnerships with Matterport and Leica enhance product capabilities.
• Potential to improve workforce safety and efficiency.

Negative

• None.

BOSTON, March 29, 2021 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced the newest addition to its Vuforia^® augmented reality (AR) enterprise platform, the Vuforia Engine^™ Area Targets offering – the first offering in the market to support the creations of immersive augmented reality (AR) experiences for spaces up to 300,000 square feet. Through the use of Area Targets, industrial organizations can create AR interfaces within their facilities to enable employees to better engage with machinery and understand how the environment is being utilized.

With support from Matterport and Leica 3D scanners, along with NavVis's indoor mobile mapping systems, Area Targets users can generate photorealistic, survey-grade digital twins, empowering them to create digital canvases of spaces such as factories, malls, or offices for advanced spatial computing applications.

As one of the leading emerging technologies, spatial computing powers digital twin renderings to support the activities of machines and people, as well as environments in which they operate. When deployed across the industrial enterprise, spatial computing enables seamless interactions between employees through AR, enabling companies to close the loop on performance management, improve machine learning capabilities with spatial analytics, and optimize design and factory floor operations.

"Vuforia Engine Area Targets is a one-of-a-kind solution for large, persistent AR experiences," said Mike Campbell, Executive Vice President and General Manager of Augmented Reality, PTC. "Whether users are looking to add navigation to their office building or view in-context data on a factory floor, Area Targets is the answer. We're pleased to be expanding such a key capability and component of PTC's spatial computing vision."

The release of Vuforia Engine Area Targets marks the second Vuforia offering to deploy spatial computing in the form of area targets within the industrial setting, the first being the Vuforia Spatial Toolbox^™ platform. Combined with the Vuforia Chalk^™, Vuforia Expert Capture^™, and Vuforia Studio^™ AR products, the Vuforia AR Enterprise Platform provides a robust set of offerings that enables users to increase workforce safety and efficiency, improve customer experiences, and reduce costs.

About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.

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Media Contacts
PTC
Corporate Communications
Greg Payne
gpayne@ptc.com

PTC, Vuforia, Engine, Spatial Toolbox, Chalk, Expert Capture, Studio, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

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SOURCE PTC Inc.

FAQ

What is the Vuforia Engine Area Targets by PTC?

The Vuforia Engine Area Targets is a new offering from PTC that allows the creation of augmented reality experiences in spaces up to 300,000 square feet.

How does Vuforia Engine Area Targets benefit industrial organizations?

It provides immersive AR interfaces to help employees engage better with machinery and understand their work environment.

What technologies support Vuforia Engine Area Targets?

The solution is supported by Matterport, Leica 3D scanners, and NavVis's indoor mobile mapping systems.

When was the Vuforia Engine Area Targets launched?

The Vuforia Engine Area Targets was announced on March 29, 2021.

What is the stock symbol for PTC?

PTC is traded on NASDAQ under the stock symbol 'PTC.'