The collaboration will establish a seamless integration
between the Trax and Servigistics platforms, enabling the timely
availability of critical parts and allowing companies to streamline
aircraft MRO maintenance activities for peak uptime and customer
satisfaction.
MIAMI, April 10,
2024 /PRNewswire/ -- Trax, a leading global provider
of paperless aviation maintenance and engineering software
products, and PTC (NASDAQ: PTC) have announced they will partner to
integrate Trax's platforms and PTC's Servigistics® and develop
innovative joint solutions. This transformative collaboration
between two industry leaders aims to elevate efficiency, redefine
service supply chain optimization, and maximize operational
effectiveness across airline and MRO maintenance activities.
The collaboration between Trax, a powerhouse in paperless
maintenance software solutions, and Servigistics, the leading
service parts optimization solution, takes an innovative approach
to addressing the intricate and complex challenges within the
aviation industry service supply chain. By seamlessly integrating
these innovative platforms, airlines and MROs can more rapidly and
efficiently optimize their supply chains to ensure they have the
right part in the right place at the right time.
"This integration marks a significant milestone in our
commitment to delivering unparalleled solutions to the aviation
industry. Pairing the strengths of Trax with the advanced
capabilities of Servigistics to drive automation and new
functionality will unlock immense value, address profoundly complex
service supply chain challenges, and enable companies to optimize
MRO processes," shared Andrew
Schmidt, Trax's Executive Vice President.
"At Trax, we are dedicated to innovation and driving efficiency
in aircraft maintenance and overhaul. The collaboration with
Servigistics represents a leap forward in our mission, seeking
ever-increasing efficiency and delivering greater value to our
customers," echoed Miguel Sosa,
Trax's Vice President of Product & Software Development.
"Servigistics is committed to revolutionizing service supply
chain optimization through advanced data science. Our solution
empowers organizations with machine learning and artificial
intelligence. Collaborating with Trax furthers our mission to
empower organizations with the tools and insights needed to thrive
in today's competitive landscape," said Leslie Paulson, DVP and General Manager of the
Servigistics business unit at PTC.
About Trax
Trax is the premier provider of aviation maintenance mobile and
cloud products in the global aviation market and a wholly-owned
subsidiary of AAR CORP. Trax products support digital signatures,
paperless working, including workpacks and manuals, RFID-capability
for logistics, biometric security, offline capability for its suite
of mobile apps, web-based applications, and the ability for users
to work anywhere with easy access to real-time information. Through
its eMRO and eMobility products, Trax provides comprehensive
software solutions designed to manage all aspects of aircraft
maintenance. Additional information can be found at trax.aero.
About PTC
PTC (NASDAQ: PTC) is a global leader in industrial technology,
providing a comprehensive portfolio of solutions spanning digital
engineering, IoT, and augmented reality. With a rich history of
innovation and a commitment to driving digital transformation, PTC
empowers organizations to unlock new possibilities and create value
in the digital age. Additional information can be found at
ptc.com
About Servigistics
Servigistics is the industry-leading service parts optimization
solution, leveraging advanced data science, machine learning, and
artificial intelligence to address intricate service supply chain
challenges. Its purpose-built capabilities empower organizations to
optimize service levels, equipment uptime, and customer
satisfaction while minimizing costs. With comprehensive features
such as Multi-Echelon Optimization, Complex Substitution Logic, and
Advanced Order Planning, Servigistics sets the standard for service
supply chain excellence. Additional information can be found at
ptc.com/serviceparts.
Contact: Maureen Coletta
Phone: +1-305-662-7400 X630
Email: maureen.coletta@trax.aero
This press release contains certain statements relating to
future results, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995,
reflecting management's expectations about future conditions,
including anticipated activities and benefits pursuant to the
collaboration between Trax and PTC and the contemplated integration
between the Trax and Servigistics platforms. Forward-looking
statements may also be identified because they contain words such
as ''anticipate,'' ''believe,'' ''continue,'' ''could,''
''estimate,'' ''expect,'' ''intend,'' ''likely,'' ''may,''
''might,'' ''plan,'' ''potential,'' ''predict,'' ''project,''
''seek,'' ''should,'' ''target,'' ''will,'' ''would,'' or similar
expressions and the negatives of those terms. These forward-looking
statements are based on beliefs of Company management, as well as
assumptions and estimates based on information currently available
to the Company and are subject to certain risks and uncertainties
that could cause actual results to differ materially from
historical results or those anticipated. For a discussion of these
and other risks and uncertainties, refer to "Risk Factors" in our
most recent Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q. Should one or more of these risks or
uncertainties materialize adversely, or should underlying
assumptions or estimates prove incorrect, actual results may vary
materially from those described. These events and uncertainties are
difficult or impossible to predict accurately and many are beyond
the Company's control. The Company assumes no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of such statements or to reflect the occurrence of
anticipated or unanticipated events.
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SOURCE Trax