Glen Dimplex Standardizes on PTC Solutions

    Business Editors

    NEEDHAM, Mass.--(BUSINESS WIRE)--Feb. 28, 2005--

    Leading UK-based Manufacturer of Electric Heating and Domestic Appliances Selects Pro/ENGINEER(R) Wildfire(TM) to Support Nine Design
    Sites Around the World

    PTC (Nasdaq: PMTC), the product development company(TM), today announced that the Glen Dimplex Group, a leading manufacturer of electric heating and domestic appliances, has selected PTC's Pro/ENGINEER(R) Wildfire(TM) to streamline its entire product development process from product concept to manufacturing. The initial roll out will allow a variety of users from nine sites across the globe to work together more effectively. Glen Dimplex will also implement PTC's Pro/FICIENCY(TM) eLearning system, which is designed to accelerate the return-on-investment for all new users and improve the efficiency of existing users. The initial software and services order was placed in PTC's first quarter of 2005 (ended January 1, 2005).
    Mark Kirk, IT director, Glen Dimplex commented, "Several of our design departments have been using Pro/ENGINEER successfully for 5 years. Standardizing on one design solution is important to us so that we can improve the efficiency and effectiveness of our product development efforts across the whole company - and speed the time it takes for us to bring new products to market. We followed a rigorous system selection of CAD tools including I-DEAS(R) from UGS Corp. and Autodesk Inventor(R). In the end PTC's Pro/ENGINEER Wildfire was chosen since it showed the greatest savings in terms of both cost and time. Now, we are excited to begin work with PTC to define other areas of our development and manufacturing process that can be optimised by working together."
    "We are very happy to work more intensively with Glen Dimplex on a global scale," said Anthony Dumont, vice president and country manager for PTC in the UK. "We look forward to supporting its vision of a continuous improvement of product development and manufacturing processes with our full set of PLM solutions."

    About Glen Dimplex

    Based in Dunleer, Ireland, Glen Dimplex is a leading worldwide manufacturer of electric heating and domestic appliances. It has been acquiring companies and building a portfolio of popular household brand names including Stoves, Morphy Richards, Roberts Radio, and Belling. Fundamental to its development is a policy of continuous investment in these brands with a focus on product development and the upgrading of its manufacturing processes. For further information see www.glendimplex.com

    About PTC

    PTC (Nasdaq: PMTC) provides leading Product Lifecycle Management (PLM) software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies in the aerospace & defense, automotive, consumer, electronics & high technology, industrial equipment and medical products industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com

    Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: PTC's ability to successfully develop products and services that deliver a comprehensive product development system for an expanded user base; the success of our partnering and customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the U.S. Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular sales order is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.
    PTC, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. Autodesk and AutoCAD are registered trademarks of Autodesk, Inc. I-DEAS is a registered trademark of UGS Corp.

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CONTACT: PTC Corporate Communications Nicole Rowe, 781-370-6369 nrowe@ptc.com or Weber Shandwick Amanda Keane, 617-520-7260 akeane@webershandwick.com

KEYWORD: MAINE INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS MANUFACTURING SOFTWARE MARKETING AGREEMENTS SOURCE: PTC

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