PTC PTC INC.

PTC to Expand Vuforia Platform with Remote Presence Capability

PTC (NASDAQ: PTC) today announced from Augmented World Expo that the Vuforia® platform, the most widely used software platform for augmented reality (AR) application development, will expand to include a new remote presence capability for developers, consumers, and businesses.

Vuforia Project Chalk will bring a new dimension of interactivity to a video call, in which one person can digitally annotate another’s physical environment. The result is one person can provide guidance to another from a remote location with similar effectiveness as being in the same physical space.

Project Chalk will enable people of all ages to complete unfamiliar or challenging tasks with guidance from friends, family, colleagues, and professionals. For example, busy parents can assist children with homework or projects at home, do-it-your-selfers can get assistance from each other or a local handyman, and families with aging members can provide guidance to overcome everyday challenging tasks.

Additionally, Project Chalk will enable a wide range of mobile workers – from service technicians to sales personnel – to troubleshoot and solve problems with increased ease, speed, and accuracy.

“We see Project Chalk as a fundamentally disruptive form of remote communication that will be well received across multiple sectors and for multiple use cases,” said Eric Abbruzzese, principal analyst, ABI Research. “We envision this capability being used beyond the enterprise on everyday devices across platforms.”

Project Chalk uses proven computer vision technologies in the Vuforia platform to deliver a breakthrough experience across a wide range of phones, tablets, and digital eyewear. Developers will be able to incorporate Project Chalk capabilities in existing Vuforia-powered applications for iOS, Android, and Windows using Vuforia SDKs. Additionally, Project Chalk will be made available as a standalone application via app stores. The application will support a freemium model with plans for both personal and business use.

“Vuforia Project Chalk will deliver a new mode of communication with the potential to improve our personal and professional lives,” said Jay Wright, president, Vuforia. “While we understand its use for helping others, Project Chalk will also enable a new generation of AR applications for people to create digital content to be shared on the physical world.”

Vuforia Project Chalk is expected to be available for developers in Vuforia SDKs, and for consumers and businesses via app stores in Fall 2017. For more information about Project Chalk, please visit www.vuforia.com/projectchalk.

About Vuforia

The Vuforia® platform is the most widely used software platform for augmented reality applications. For developers, it delivers a cross platform solution for attaching digital content to physical objects and environments. For consumers and businesses, it provides a communications solution for remote assistance and collaboration. For device makers, it delivers critical technology blocks that provide optimized experiences on rapidly evolving hardware technologies. Originally launched in 2011, Vuforia is supported by a global ecosystem of more than 350,000 developers and partners. Vuforia has enabled more than 40,000 applications for consumer and business use on a range of handheld and headworn devices.

Vuforia is a product of PTC Inc.

Vuforia.com @Vuforia Blogs

About PTC

PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

PTC.com @PTC Blogs

The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.

Vuforia, PTC, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

EN
31/05/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on PTC INC.

PTC Inc: 1 director

A director at PTC Inc sold 1,988 shares at 216.295USD and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing...

Garvit Bhandari
  • Garvit Bhandari

Global Internet of Things Industry July 2025

This report looks at the internet of things industry globally. IoT is a network of sensors, electronic, network connectivity and software working together to enable smart devices to gather and exchange data. IoT could be the most dynamic segment of the information and technology sector in this coming decade. The report talks about the overall market size, market growth as well as current trends driving the growth in the industry. The scope of this report extends to companies whose core business ...

Moody's Ratings upgrades PTC's CFR to Ba1 from Ba2, senior unsecured t...

Moody's Ratings (Moody's) upgraded PTC Inc.'s (PTC) corporate family rating (CFR) to Ba1 from Ba2 and probability of default rating (PDR) to Ba1-PD from Ba2-PD. We also upgraded its 4% senior unsecured notes due 2028 to Ba2 from Ba3. The speculative grade liquidity rating (SGL) was upgraded to SGL-1...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

PTC Inc. - September 2024 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch