PTC Implements Windchill PLM Solution at Hyundai Kia Motors; Project T

    Business Editors/Automotive Writers/High-Tech Editors

    NEEDHAM, Mass.--(BUSINESS WIRE)--May 11, 2005--PTC (Nasdaq: PMTC), the product development company(TM), today announced that it has completed the implementation of its Windchill solution for data management and collaboration within Power Train Division product development at Hyundai Kia Motors, Korea's largest automaker.
    Windchill enables Hyundai Kia Motors to enhance its productivity significantly, raising the company's competitiveness in the global market. The solution will also help Hyundai Kia Motors maximize its research and development productivity process, strengthen its collaborative product development capabilities and reduce its manufacturing and development costs as well as overall product development time. This project to deploy more than 1000 seats of Windchill(R) builds upon an existing implementation of PTC Pro/ENGINEER(R). The project was implemented by PTC Global Services and its services partners.
    Director Goo-Ku-Tae Kang and General Manager Jun-Hyo Kim, supervisors of the implementation and operation of the system, Hyundai Kia Motors said, "We expect to enhance productivity and improve our ability to work across a globally distributed product development environment with Windchill."
    Dr. Jung-Kook Paeng, vice president and CIO, Hyundai Kia Motors stated, "The implementation of Windchill strengthens the product development capabilities of our Power Train division. Given the acceleration of competition in the auto market, PLM has become an essential factor for quick response to customer demands and collaboration with partners."
    "We are extremely pleased with the success of Windchill at Hyundai Kia Motors," said C. Richard Harrison, president and CEO, PTC. "The automobile industry currently needs to reduce product development time while maximizing productivity management and advancing quality control. Additionally, there is intense competition in powertrain. PTC has helped Hyundai Kia Motors develop a product development system that will provide them with a strategic advantage in these areas."

    About Hyundai Motors

    Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Motors which includes over two dozen auto-related subsidiaries and affiliates. Employing over 50,000 people worldwide, Hyundai Motor posted US$26.1 billion in sales in 2004 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com

    About Kia Motors

    Kia Motors Corporation (www.kiamotors.com) -- the fastest growing automaker in the world -- was founded in 1944 and is Korea's oldest manufacturer of motor vehicles. As part of the Hyundai-Kia Automotive Group, Kia aims to become one of the world's premier automotive brands. Kia's 16 manufacturing and assembly operations in 12 countries produce more than 1.1 million vehicles a year that are sold and serviced through a network of distributors and dealers covering 155 countries. Kia today has over 32,000 employees and annual revenues of $14 billion. It is the major sponsor of the Australian Tennis Open and an official worldwide sponsor of the Davis Cup. Kia Motors Corporation's brand slogan -- "The Power to Surprise" -- represents the company's global commitment to surpassing customer expectations through continuous automotive innovation.

    PTC Solutions for Automotive

    PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides enterprise 3D design, product data management and collaboration solutions to over 1400 automotive manufacturers including 8 of the top ten powertrain suppliers and 3 of the top 5 OEMs.

    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. Such risks include PTC's ability to successfully develop, implement and support products and services that provide PLM capabilities across a diversified and expanded user base, that integrate with third party software solutions, thereby expanding the breadth of our solutions, and that continue to meet evolving customer requirements as well as the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, together with those that 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 implementation of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

    PTC, the PTC logo, Pro/ENGINEER, and Windchill are trademarks or registered trademarks of Parametric Technology Corporation. All company and product names herein are the property of their respective owners.

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CONTACT: PTC Corporate Communications Nicole Rowe, 781-370-6369 nrowe@PTC.com or Weber Shandwick for PTC Jennifer Signorini, 617-520-7069 jsignorini@webershandwick.com

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS AUTOMOTIVE MANUFACTURING SOFTWARE SOURCE: PTC

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