U.S. software giant PTC has entered into a long-term strategic collaboration agreement with Technion – Israel Institute of Technology under which PTC will establish a Research & Development center and invest NIS 15 million (approximately $4.6 million) into Technion’s Haifa campus. Under the terms of the agreement, PTC, which is traded on Nasdaq and has a current market cap of over $15 billion, and Technion will jointly research and upgrade learning processes relating to advanced manufacturing technology. PTC’s Haifa development center will relocate to Technion under the leadership of Dr. Michael Reitman.
“Today, scientific and technological breakthroughs need both multidisciplinary research and close collaboration between academia and industry. Industry is at the forefront of active implementation and is well-acquainted with market needs, whereas academia brings basic scientific knowledge and research depth,” said Professor Uri Sivan, President, Technion – Israel Ins
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BOSTON, April 29, 2021 /PRNewswire/ PTC (NASDAQ: PTC) has entered into a long-term strategic collaboration agreement with the Technion – Israel Institute of Technology under which PTC will establish a Research & Development center and invest
₪15 million New Israeli Shekels ($5 million USD) into PTC s Haifa campus. Under the terms of the agreement, PTC and Technion will jointly research and upgrade learning processes relating to advanced manufacturing technology. PTC s Haifa development center will relocate to Technion under the leadership of Dr. Michael Reitman.
Long-term Strategic Collaboration Includes ₪15 Million New Israeli Shekel ($5 Million USD) Investment
PTC has also allocated an annual budget for joint research in industrial IoT, augmented reality, simulation, and generative design. The allocation supports Technion faculty by providing software products; awarding scholarships and incentives to students and researchers
15 Million New Israeli Shekel ($5 Million USD) Investment
BOSTON, April 29, 2021 /PRNewswire/ PTC (NASDAQ: PTC) has entered into a long-term strategic collaboration agreement with Israel s Technion – Institute of Technology under which PTC will establish a Research & Development center and invest
₪15 million New Israeli Shekels ($5 million USD) into PTC s Haifa campus. Under the terms of the agreement, PTC and Technion will jointly research and upgrade learning processes relating to advanced manufacturing technology. PTC s Haifa development center will relocate to Technion under the leadership of Dr. Michael Reitman.
Long-term Strategic Collaboration Includes ₪15 Million New Israeli Shekel ($5 Million USD) Investment
PTC has also allocated an annual budget for joint research in industrial IoT, augmented reality, simulation, and generative design. The allocation supports Technion faculty by providing software products; awarding scholarships and incentives to student
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