Jaeger-LeCoultre Adopts PTC Product Development Solution to Improve Its Watch Development Process

PTC (NASDAQ: PMTC), The Product Development Company®, today announced that Jaeger-LeCoultre, the Swiss subsidiary of Richemont International S.A. has adopted the PTC® Product Development Solution including, Pro/ENGINEER®, Mathcad® and ProductView™ to develop its entire product portfolio of watches and clocks. Jaeger-LeCoultre will use Pro/ENGINEER for 3D digital modeling, machining, and simulation, ProductView for 3D visual collaboration between various departments, and Mathcad® for performing and documenting engineering calculations. Today, PTC's solutions contribute to the success of Jaeger-LeCoultre products. The clock and watchmaker also plans to implement PTC’s Arbortext® content publishing system to manage its technical documentation.

Founded 175 years ago and located in the heart of Swiss Jura, Jaeger-LeCoultre's 1,100 employees design and manufacture luxury clock and watch products, including the famous Reverso and Gyrotourbillon watches, and Atmos clocks. Jaeger-LeCoultre stands apart from its competitors with its guarantee of 100% Swiss design and manufacture. Because of this guarantee, Jaeger-LeCoultre does not have outsourcing as an option to strengthen its product development process and must instead rely solely on superior quality and high precision products.

Designed for a very discerning clientele, Jaeger-LeCoultre luxury watches and clocks have historically had multi-year R&D and finalization processes. But with quick time to market being a major customer demand, and key imperative for watchmakers, Jaeger-LeCoultre sought to gain an advantage by using PLM technology. The company decided that the main goal for implementing a PLM solution set would be to develop increasingly sophisticated and complex products more simply and quickly, and thus to widen its product catalogue. In fact, Jaeger-LeCoultre ultimately decided to implement a PLM system because it would allow them to simultaneously decrease the design process time while still encouraging the innovation and high quality that distinguishes its products.

Jaeger-LeCoultre has also turned to PTC to implement a collaborative design method with a wider, faster and more reliable form of data sharing. All involved – project managers, engineers and purchasers – can now work on the same project simultaneously, without the risk of conflict or error.

"It is highly rewarding for PTC when luxury product companies such as Jaeger-LeCoultre, whose principals are 'precision' and 'product quality,' are able to use PTC solutions to increase efficiencies in their product development process without sacrificing their high quality and innovation standards," said Marc Diouane, senior divisional vice president of PTC Europe.

About Jaeger LeCoultre

1833-2008

A major player in watchmaking history, Jaeger-LeCoultre is celebrating its 175^th anniversary this year. The Grande Maison in the Vallée de Joux is taking this opportunity to reread some of the finest pages in its ongoing epic and to write some even more beautiful ones. The Manufacture has an impressive range of world firsts, superlatives and legendary models to its credit, including the Reverso, the Duoplan, the Master Control, the Memovox Polaris, the Gyrotourbillon I and the Atmos. In 2008, around 1000 people mastering over 40 watchmaking professions and over 20 cutting-edge technologies will continue to pay tribute to the pioneering spirit of the House founders by creating new masterpieces in harmony with the grand watchmaking tradition. In 2010, pursuing the multiple extensions around Antoine LeCoultre’s original workshop, Jaeger-LeCoultre will welcome a new building providing 9,000 square metres of additional workshops.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 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: the successful development and integration of the technology necessary to offer an integrated and flexible product development system solutions that is able to adequately respond to the evolving requirements of customers in multiple vertical industries; PTC’s ability to extend our solutions and provide adequately levels of support; and PTC’s ability to retain and maintain relationships with key employees, customers and other strategic partners, as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.

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