SMB Manufacturers Go-Live With PTC PLM On Demand; Market-Leading Windc

    Business Editors/Technology Editors

    NEEDHAM, Mass.--(BUSINESS WIRE)--March 7, 2005--PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that small and medium business (SMB) manufacturers have gone live with PTC PLM On Demand, which is now available as a hosted service in IBM's Boulder, Colorado On Demand service center. PTC PLM On Demand is a service sold by the PTC value added reseller (VAR) community to offer Windchill, the PTC solution for product data management and collaborative project management to SMB manufacturers. PTC PLM On Demand reduces technology barriers that have traditionally kept SMB manufacturers from taking advantage of the benefits that a complete PLM solution can offer.
    PTC PLM On Demand is an ideal solution for SMB manufacturers from any industry vertical and has been initially successful with Industrial, Automotive, Plastics and Consumer products companies. The service allows manufacturers to control product information, collaborate with partners, suppliers and customers on design activities, and manage the development process throughout the life of a product. Phillips & Temro Industries, a full service provider in the automotive, heavy duty truck, industrial and agricultural industries needed an enterprise-class product data management solution that provides strong change management capabilities and could be integrated with several CAD solutions.
    "As an automotive supplier, the ability to work as part of an extended supply chain is critical," said Gary Edwards, CEO, Phillips & Temro Industries. "We chose PTC PLM On Demand because the solution provides us with collaboration spaces that can be managed by end-users and it helps us standardize key processes like quality management with industry specific templates such as Advanced Product Quality Planning (APQP)."
    PTC PLM On Demand also was the selection for Phillips Plastics, a custom injection molder that provides integrated design through manufacturing services. At Phillips Plastics, cross-functional teams work closely with customers to develop innovative solutions for complex products and assemblies.
    "Our communication processes will be enhanced by utilizing PTC's PLM solutions," said Kelly Stichter, vice president, business development, Phillips Plastics. "We chose PTC PLM On Demand to improve the efficiency of our collaboration process which ultimately helps us deliver superior products on time and on budget."
    Santa Cruz, a privately-held producer of full-suspension bicycles, has also recently deployed PTC PLM On Demand to provide its procurement, quality control and engineering organizations with collaboration functionality. Ultimately Santa Cruz hopes that PTC PLM On Demand will help them improve management of deliverables and timelines as well as the overall lifecycle management of products.
    "Santa Cruz is singularly focused on product excellence and selected PTC PLM On Demand because we realize the value that a PTC PLM solution offers but we did not want to administer an enterprise-class solution ourselves," said David Earle, director of engineering, Santa Cruz. "PTC PLM On Demand improves product data management and collaborative project management and allows engineers to work effectively from different locations."
    PTC PLM On Demand includes direct integration with Pro/ENGINEER(R) and optional direct integrations with other major CAD packages. PTC PLM On Demand is offered by resellers of PTC solutions in a subscription model starting as low as $100 per user per month.
    "Because the service has a low start-up cost, a setup measured in days, and advanced enterprise-level PLM capabilities, PTC PLM On Demand offers SMB customers all the benefits of PLM without the traditional hurdles," said Jay Muelhoefer, general manager, PLM On Demand Business, PTC. "Windchill now benefits from IBM's On Demand service center capabilities. This allows PTC to offer SMB manufacturers a market-leading PLM solution with mission-critical security, performance, and scalability in a delivery model they can afford."

    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 successful development and integration of the technology necessary to offer software solutions suitable for a hosted environment; PTC's and IBM's ability to jointly support the infrastructure necessary for mission critical hosted collaboration solutions; PTC's and IBM's effective coordination and management of joint activities (including sales, marketing, implementation and support) with resellers and other strategic partners to facilitate our customers' understanding of the benefits of a hosted PLM solution; 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. The announcement of any particular deployment or "go-live" 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.

    PTC, the PTC logo, Windchill and Pro/ENGINEER are registered trademarks of Parametric Technology Corporation.

--30--GK/bo*

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

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: SOFTWARE PRODUCT SOURCE: PTC

Copyright Business Wire 2005