PTC to invest over $4.5 million in Technion – Israel Institute of Technology
By Bryan in Business
Updated 3 years ago
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.