Aerospace Industry Selects PTC Solutions to Meet Design and Collaboration Needs.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--July 24, 2000

PTC's Flexible Engineering and CPC Solutions Reduce Costs and Cut Time

To Market By As Much As 50 Percent

PTC (Nasdaq:PMTC), a leading provider of collaborative product commerce (CPC) solutions, today announced its continued success within the aerospace/aviation industry. Leading aerospace and aviation companies choose PTC's mechanical computer aided design (MCAD) and Internet-based collaborative product development solutions to enhance their competitiveness. To illustrate PTC's selection by top aerospace and aviation companies, PTC will showcase today various organizations that have purchased and prospered with PTC solutions.

"As we approach the centenary of aviation, the pace of technological change in the industry is unprecedented," said Barry Cohen, executive vice president of marketing at PTC. "This leads to new challenges for the industry, from demand fluctuation to geographical diversification, all with the same heightened focus on lowering costs and shortening time-cycles. With Flexible Engineering and CPC solutions, PTC is uniquely positioned to support the aerospace industry in meeting these challenges - whether related to design, workflow or collaboration."

Currently, PTC's products are used to develop and test products ranging from satellites to commercial, military and corporate aircraft, to crew vehicles for NASA. With PTC's MCAD products, companies can drastically reduce their engineering design cycle times, rapidly explore multiple design solutions, minimize physical prototypes and leverage their existing design knowledge to create more innovative products. With PTC's Internet-based collaborative product development solutions, including Windchill, companies can communicate and collaborate effectively with other divisions or companies worldwide, without sacrificing the security or integrity of the design data.

"A major challenge in the spacecraft business is finding a powerful modeling tool that allows our engineers to simultaneously access key information. Of all the tools available, PTC provided the best solutions," said Michael Mongilio, CAE applications engineer at Swales Aerospace, a PTC aerospace customer. "In designing spacecraft, we have to know the product we design is exactly the product that we are going to fly. With PTC's solutions, we can trust the reliability and integrity of the product data, and are assured the end product is precisely what we see on our computer screens."

Implementing PTC solutions radically decreased the Aerojet X-38's time to market. "Our latest project, the deorbit propulsion stage of the X-38 Crew Return Vehicle, could easily have been a four-year, $2 billion project," said Jim Hanson, engineer for Aerojet. "With the help of PTC's solutions, we cut our time-to-market by 50%, allowing us to design, build and test-fly two prototypes in space for just $90 million."

"To compete successfully in today's aerospace marketplace, companies are focusing on more than just cost-cutting measures," concluded Cohen. "They are leveraging the collaborative abilities of the Web. By leveraging the enhanced communication that the web provides throughout all phases of a product's lifecycle, connecting all members of the value-chain, these companies create `virtual corporations' to meet the market's demands. PTC's solutions overcome the barriers of collaborating among heterogeneous environments, whether among a company's different departments or divisions, or with outside customers, partners or suppliers. Collaborating among all members of the value-chain allows a company's core team of design engineers to focus on their most important mission: continuously designing new, innovative products to stay ahead of the competition."

Aerospace and aviation companies that have selected or deployed PTC products include:

-- Aerojet - (See http://www.ptc.com....)

-- Airbus - (See http://www.ptc.com/company/news/press/releases/20000601airbus.htm)

-- Boeing - (See http://www.ptc.com/company/news/press/releases/20000104boeing.htm)

-- CargoLifter - (See http://www.ptc.com....

-- Embraer - (See http://ptc.com....)

-- Hughes - (See http://www.ptc.com/company/news/press/releases/19991028hughes.htm)

-- Lockheed Martin Astronautics - (See http://www.ptc.com/company/news/press/releases/ 19990709lockheedmartin1.htm)

-- Lockheed Martin JSF - (See http://www.ptc.com/company/news/press/releases/19990401lockheed1.htm)

-- Lockheed Martin Missile and Fire - (See http://www.ptc.com/company/news/press/releases/ 19991207lockheedbmx.htm)

-- NASA - (See http://www.ptc.com/company/news/press/releases/20000106nasa.htm)

-- And also, Boeing Rocketdyne, Lockheed Martin Aircraft, Loral Space, Northrup Grumman, Rolls Royce, Swales Aerospace, TRW

For the Aerospace Frequently Asked Questions, please visit http://www.ptc.com....

About PTC's Web-based Collaboration Solutions

Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance, and retirement -- Windchill advances collaborative product commerce (CPC) initiatives by allowing manufacturers to collaborate over the Internet with their customers, suppliers, and partners throughout the product development and delivery process. Windchill's unique Web-based approach springboards manufacturers into the Internet age, enabling them to capitalize on enterprise expertise, customer knowledge, and supplier innovation while accelerating the global introduction of innovative products to market with reduced risk and lower costs.

About PTC's Flexible Engineering Solutions

The PTC i-Series of flexible engineering solutions, based on PTC's award winning Pro/ENGINEER software and the practices of PTC Global Services, is a group of design and engineering solutions focused at addressing collaborative product commerce engineering initiatives. These solutions are relied on daily by more than 250,000 users to drive their worldwide product development and engineering functions. The solutions use unique approaches with many patent-pending and award-winning technologies such as Pro/ENGINEER behavioral modeling that captures engineering knowledge and allows designers to innovate new products more rapidly and effectively. The PTC i-Series of flexible engineering solutions, underpinned by PTC's Windchill software, also features Pro/MECHANICA, DIVISION, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5i, and MEDUSA.

About PTC

PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age. These B2B e-commerce solutions employ powerful Web-based collaboration and flexible engineering technologies to streamline product development and delivery processes. PTC's software solutions are complemented by the strength and experience of PTC Global Services, which provides training, consulting, support, and e-commerce services to customers worldwide. With PTC's CPC solutions, manufacturers can take advantage of the Internet to improve product quality, reduce costs, and shorten time-to-market cycles. PTC can be reached at 781-398-5000, or via the Web at 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 anticipate and adequately respond to evolving customer requirements and to deliver products and services that meet those requirements 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, Pro/ENGINEER, Windchill, Pro/MECHANICA, Pro/DESKTOP, CADDS, MEDUSA, InPart, CDRS, ICEM, DIVISION, 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. Names of products from other vendors mentioned in this document may be trademarks or registered trademarks of their respective owners.