PTC Develops New PLM Solution for the Aerospace & Defense Industry; Lo

PTC Develops New PLM Solution for the Aerospace & Defense Industry; Lowers the Cost of Ownership for Industry-Critical Capabilities

    Business Editors

    NEEDHAM, Mass.--(BUSINESS WIRE)--Jan. 31, 2005--PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced the general availability of PTC Windchill(R) Aerospace & Defense Module. The Windchill Aerospace & Defense Module is a software add-on module for Windchill PDMLink(TM) that was developed to meet the unique needs of the global Aerospace & Defense (A&D) industry for traceability of highly complex product and program information across the program lifecycle. With the addition of Windchill Aerospace & Defense Module to Windchill PDMLink, PTC fuses years of experience and best practices development with market leading A&D companies into a single solution.
    A&D companies are commonly faced with information that is disconnected and spread across many organizations, making configuration management of their products an extremely laborious, error-prone and time-intensive process. The combination of Windchill PDMLink and Windchill Aerospace & Defense Module creates a solution that allows A&D manufacturers and government program offices to efficiently manage and securely share digital product and program information internally and externally with customers and suppliers, from a single net-centric environment. To support the rapid and low-risk implementation of the Integrated Digital Environments (IDEs) frequently mandated by A&D contracts, PTC offers a fixed price, quick- start service package as well as specialized training. Early adopters include BAE SYSTEMS, Lockheed Martin, Raytheon, and United Defense.
    With Windchill Aerospace & Defense Module, Windchill PDMLink now offers:

--	Contract deliverables management (CDRLs and SDRLs)
--	Advanced serialized parts management
--	Advanced effectivity management
--	As-built / as-maintained configuration management
--	Advanced change management processes

    "BAE SYSTEMS provides the full range of support to Australia's Defense Force from project conception through design, build and in-service support," said Graeme Neil, engineering support manager, at BAE SYSTEMS. "As a defense contractor, BAE SYSTEMS is required to meet and implement the appropriate military, aeronautical, naval and other statutory standards and processes which PTC has incorporated into its Windchill Aerospace & Defense Module. Accordingly, BAE SYSTEMS expects that this implementation will allow us to focus on adding value for our customers by using industry best practice embedded in our tools of trade."
    With Windchill Aerospace & Defense Module and Windchill PDMLink, customers are able to take advantage of the following benefits:

    -- Reduced time and effort to meet contract requirements for
    defense programs

    -- Improved quality of execution by managing program information
    in the context of product lifecycle management

    -- Creation of new services opportunities through management of
    as-built/as-maintained product configurations

    -- Reduced risk of delays in program milestones, deliverables and
    potential payment penalties

    -- Enhanced compliance with configuration management standards
    ANSI/EIA-649, MIL-HDBK-61A and CMII

    "PTC is achieving marked success in the A&D industry worldwide, with 18 of the top 20 companies now using our solutions for product development and program lifecycle management," said Berry Gibson, director, aerospace and defense product & market strategy, PTC. "Market-leading companies like Boeing, EADS, Lockheed Martin, Raytheon and BAE SYSTEMS have aggressively adopted our software solutions for improving their metrics around customer satisfaction, program win rates, development cycle time, program affordability, and program risk."

    About PTC Solutions for Aerospace and Defense

    PTC provides Product Lifecycle Management (PLM) solutions designed to help aerospace and defense manufacturers meet the challenges posed by the industry trends described above. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development.

    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.

    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 successful development and integration of the technology necessary to offer integrated PLM solutions that address business-critical product lifecycle management functions for aerospace and defense systems and the success of PTC's 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 Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q.

    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.

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

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: AEROSPACE/DEFENSE GOVERNMENT SOFTWARE PRODUCT SOURCE: PTC

Copyright Business Wire 2005