Cimdata Logo

Industry Summary Articles

Friday, August 22, 2014

United Technologies Licenses Machining Optimization Technology to CGTech

United Technologies Corp. has executed a licensing agreement with CGTech, a specialist in computer numerical control (CNC) simulation software for manufacturing, that will help improve productivity for machining equipment operators. The agreement allows CGTech to integrate UTC's PromptFMTM machining process optimization technology within CGTech's VERICUT cutting process simulation software.

PromptFM, developed by UTC, is a physics- and mathematics-based modeling software designed to optimize machining rates for machined parts within aerospace, automotive, industrial and other markets that utilize automated machining. PromptFM seeks to determine the optimum speeds for a cutting process and make the CNC machine cut in the most efficient, fast and reliable way, based on the type of material being cut. The software was created by UTC specifically to be compatible with VERICUT, which is used throughout the CNC machining industry to simulate the cutting process to detect errors, potential collisions or areas of inefficiency.

The licensing agreement will enable the development of a software product that is capable of reducing development time, cycle times and process variation, and enabling longer machine life and improved part quality. The terms of the licensing agreement were not disclosed.

"This agreement with CGTech is just one more example of UTC's strategy to accelerate innovation and drive productivity within UTC and also with a much broader audience," said Kelly Romano, UTC vice president of business development. "The widespread adoption and integration of this leading software technology has the opportunity to drive efficiency throughout the machining industry."

Since implementing PromptFM in its own internal machining processes, UTC has seen productivity improvements of up to 50 percent.

"CGTech sees significant value in the widespread adoption of this technology, both for existing VERICUT customers and for any business using machining in its manufacturing processes," said Jon Prun, president of CGTech. "UTC has demonstrated the value of this optimization technology within its own operations, and we are excited to bring additional capabilities to what is already the industry standard for CNC machining simulation."

r
ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

This report presents CIMdata’s overview of the worldwide CAM software and services market. It also includes a discussion on the trends in the CAM industry and updates on the top CAM solution providers.