This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

UTC Licenses Achieving Competitive Excellence (ACE) To Porsche Consulting For Use With UTC Suppliers

Stocks in this article: UTX

HARTFORD, Conn., June 16, 2014 /PRNewswire/ --  United Technologies Corp. (NYSE: UTX) has executed a license agreement with Porsche Consulting for use of the UTC-created Achieving Competitive Excellence (ACE) trademark and operating system.  The agreement will allow Porsche Consulting to implement ACE principles solely with UTC suppliers.

The ACE Operating System is a core element of UTC's operations and business performance. It has driven significant results within the company's own operations for nearly two decades. ACE has three elements: culture, tools and competency. Successful application of ACE principles can drive measurable improvements in quality, on-time delivery, employee safety, financial returns and customer satisfaction.

Introduced to UTC at Pratt & Whitney in 1996, the ACE Operating System fuses advanced principles of quality and productivity management. It forms the foundation of a high-performance culture through continuous process improvement, waste elimination, problem-solving and decision-making. 

"Since its inception Porsche Consulting has demonstrated that large improvements in operational performance and efficiency can be achieved through the adoption of advanced process optimization concepts," said Norman Firchau, President and CEO of the management consultancy in Atlanta, Georgia. "We are excited to work with UTC and its suppliers to drive improved performance by using the ACE principles and tools."

The license agreement covers use of UTC's ACE Operating System, training tools, and UTC's ACE trademark solely with UTC suppliers. Terms of the licensing agreement were not disclosed.

"This agreement represents another step in UTC's ACE journey as we create lean transformation in our supply chain while simultaneously increasing the value of the ACE brand," said John Papadopoulos, director global ACE, quality and supplier performance.

"This agreement with Porsche Consulting is a great example of how UTC intellectual property can be used to create win-win outcomes for all parties," said Kelly Romano, UTC vice president of business development. "UTC benefits from improved supplier performance and UTC suppliers benefit from having improved access to the proven, world-class ACE tools. Porsche Consulting will have an opportunity to broaden its customer base."

Porsche Consulting GmbH, headquartered in Bietigheim-Bissingen, is a subsidiary of the sports car manufacturer Dr. Ing. h.c. F. Porsche AG, Stuttgart. Founded in 1994 with a staff of four, it currently employs more than 360 people. An internationally active company with four subsidiaries of its own located in Milan ( Italy), São Paulo (Brazil), Atlanta ( USA), and Shanghai ( China), Porsche Consulting is one of Germany's leading management consulting companies. Its experts in operational excellence advise companies worldwide in the automotive, aerospace and mechanical engineering industries. Additional clients come from the consumer goods and health care sectors.

United Technologies Corp., based in Hartford, Connecticut, provides high-technology products and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

Contact: Danielle Smith, (860) 728-6238



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs