Embraer Selects PTC's DIVISION Software to Streamline its Design Process; PTC's Visualization Solutions Software to be the Centerpiece of Embraer's New Virtual Reality Center.

Business/Technology Editors

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

PTC (Nasdaq: PMTC), a leading provider of Collaborative Product Commerce (CPC) solutions, today announced Embraer S.A. (Empresa Brasileira de Aeronautica), the world's fourth largest aircraft manufacturer, has signed on as a customer. The initial order was delivered during PTC's fourth fiscal quarter of 1999 (ended September 30, 1999). An additional order was delivered during PTC's third fiscal quarter (ended July 1, 2000). The agreement supports PTC's position as one of the leading software vendors with resources dedicated to the Aerospace industry and transportation design communities. (See today's related release, "Aerospace Industry Selects PTC Solutions to Meet Design and Collaboration Needs.")

Embraer, located in Brazil, will use DIVISION visualization software, part of the PTC i-Series suite of MCAD solutions, to update and improve its production facilities, and to speed next-generation aircraft to the market. PTC software will be an important component of Embraer's new Virtual Reality Center. "We have found that virtual prototyping and large-scale visualization significantly reduce time-to-market for new aircraft, and PTC's DIVISION software is helping us in achieving this," said Hugo Resende, IPD Process and Technology Development Manager at Embraer.

"PTC's flexible engineering solutions address the complex design requirements and the large scale needs of the aircraft development industry, bringing considerable competitive advantages to the user," said Jon Stevenson, executive vice president and general manager, MCAD at PTC. "Such design characteristics were traditionally seen as the stumbling blocks of the industry; PTC's solutions has turned them into an advantage, allowing for the necessary complexity without the headache. Embraer's best-of-breed solutions initiative matches ideally with PTC's commitment to aircraft design technology."

The agreement with Embraer further enhances PTC's corporate vision to provide solutions that address the Collaborative Product Commerce (CPC) market by bringing the benefits of flexible engineering, such as knowledge management and rapid response to change, to the aircraft design industry.

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 (Parametric Technology Corporation), founded in 1985 and headquartered in Waltham, Mass., USA, 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, 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.