Award-Winning Nagase Integrecs Standardizes Its Engineering Systems on PTC CoCreate.

Super Precision Machine Tool Manufacturer Increases Machining Precision and Ability to Meet Product Customizations

NEEDHAM, Mass. -- PTC (Nasdaq: PMTC), The Product Development Company[R], today announced that Nagase Integrecs Co., Ltd. has standardized its engineering platform on PTC's explicit modeling CoCreate [R] 3D CAD solutions, CoCreate Modeling[TM] and CoCreate Model Manager[TM]. Nagase Integrecs is a leading machine tool manufacturer with the world's highest precision, nanometer-level "super precision" machining technology (Nano = One billionth). The company provides precision machine tools to large Japanese precision machinery and electronic device manufacturers, customizing products based on individual customer requirements. In August 2007, Nagase was given a Prime Minister's Award, the highest award in the government-sponsored second Monodzukuri Nippon Grand Award for its world-class technology.

Nagase Integrecs has been using CoCreate Drafting[TM], PTC's 2D CAD solution, for the past 20 years. The company deployed CoCreate Modeling in order to address customer requirements for improved machining precision. Specifically, Nagase improved their product development by placing 3D CAD data at the center of their process and then integrating engineering, manufacturing, and assembly organizations as well as its component suppliers. Ultimately, CoCreate Modeling was selected because of its ease in making geometric changes, and its integration with CoCreate Drafting, which allowed for reuse of existing 2D assets through its support for data compatibility.

The company also develops super precision machine tools for optical components, such as LCD components for TVs and cell phones. The following products were all machined by Nagase developed machine tools:

* The "Subaru" telescope's FMOS observation equipment at the Hawaiian observatory of the National Astronomical Observatory of Japan 

* The primary mirror used in the telescope at the Okayama Astrophysical Observatory

* The secondary mirror, the world's first ceramic mirror, of the "Kanata" telescope at the Hiroshima Astronomical Observatory

"With the deployment of CoCreate Modeling, we started moving from 2D to 3D design, and are now using 3D models to check interference and perform a variety of analyses. CoCreate Modeling has enabled our design engineers to quickly create a model with precise geometries using surface and other capabilities and generate super precise, nano-level machining representations," said Takeshi Itazu, assistant general manager for Engineering, Nagase Integrecs. "CoCreate Modeling also enables us to make frequent design changes, flexibly addressing changing customer requirements. The software also supports accurate calculations of purchased material weight, which was not possible in 2D design and helps us calculate machining cost and also reduce transportation cost."

"The CoCreate Model Manager data management solution, with its tight integration with CoCreate Modeling, is showing excellent performance in handling very large, complex assembly data. Nagase Integrecs uses CoCreate Model Manager to manage large, 10 meter+ machine model data," said Martin Neumueller, Director of Product Management for CoCreate products at PTC. "With the light weight model and partial data loading capabilities of CoCreate, Nagase's design engineers can quickly retrieve and save data regardless of the data size without generating much impact on system resources." Also, access control capabilities at the component level enable multiple users to view overall design and work on individual components in parallel, reducing the overall product development cycle by 30%.

Nagase Integrecs purchased CoCreate products through OBIC, a PTC channel partner. Nagase Integrecs is currently working to further improve its precision machining technology and competitiveness through an expansion of its 3D product development platform with additional products of the CoCreate family.

About Nagase Integrecs

Nagase Integrecs is located in the city of Seki, Gifu, Japan, specialized in the development, production and sale of super precision machine tools, forming machinery, electronic measurement devices, industrial machinery, and other products, serving companies in a variety of industry verticals, including automotive, electrical, telecommunications, semi-conductor, optical device, and aerospace. Nagase has been recognized as an innovative technology company for the world's highest, nano-level machining technology as well as other technological innovations, and was given a Prime Minister's Award of the Monodzukuri Nippon Grand Award in 2007. For more information about Nagase Integrecs, please visit http://www.nagase-i.jp/.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. 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 technologies necessary to offer integrated PLM solutions that address evolving product lifecycle management functions and that are deployable across extended supply and customer chains, the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements, the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business; and our ability to effectively utilize our resources to undertake strategic corporate development initiatives while maintaining our ability to support multiple PLM product suites, 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 selection 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 and its logo, The Product Development Company, CoCreate, CoCreate Modeling, CoCreate Model Manager, CoCreate Drafting 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.