Liz Claiborne Inc. Selects PTC Retail, Footwear and Apparel Solution as Company-Wide PLM Standard; Scalable, Web-Based Enterprise PLM Solution Improves Collaboration and Configuration Capabilities, Reduces Time to Market.

NEEDHAM, Mass. -- PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Liz Claiborne Inc., a leading designer and marketer of an extensive range of fashion apparel and accessories for women, men, teens, children and infants, has standardized on PTC Retail, Footwear and Apparel Solution for enterprise product lifecycle management. The solution leverages the power and scalability of Windchill(R), PTC's Web-based product data management and collaboration solution, to enhance the product development process in the retail, footwear and apparel industry.

The retail, footwear and apparel product development process is complex and companies are challenged to reduce time-to-market and product costs while improving product quality and information exchange. Liz Claiborne required a solution that would optimize its product development processes to support its transformation to a highly integrated supply chain development model. PTC Retail, Footwear and Apparel Solution will help Liz Claiborne to enhance global product development by improving value chain collaboration throughout the product lifecycle. One of the most significant challenges in the global product development process is managing and controlling access to product data and imagery. This is especially important when a company collaborates on designs internally, as well as with suppliers from around the world.

"The business landscape in which we operate is changing dramatically, and we are adopting aggressive strategies and global infrastructure investments to drive future growth. Implementation of PLM-based technologies will enable a more agile, collaborative and integrated product design and development process across the entire value chain. Supply chain optimization is integral to developing and delivering compelling, trend-right products in an increasingly competitive business environment," said John Sullivan, senior vice president of Systems, Sourcing and Service, Liz Claiborne Inc. "In alignment with Liz Claiborne's business transformation and vision, PTC was chosen as our single source provider of PLM solutions based on their best-in-class technology, company scale, stability and proven success in the Retail, Footwear and Apparel markets."

"Traditional PDM offerings have not adequately addressed the collaborative nature of the retail, footwear and apparel industry," said Matthew Austin, marketing program director, consumer products, PTC. "The PTC Retail, Footwear and Apparel solution addresses the unique requirements of the industry to manage product development across a complex global value chain and is fast emerging as an authentic source of competitive advantage."

About Liz Claiborne Inc.

Liz Claiborne Inc. designs and markets an extensive range of fashion apparel and accessories for women, men, teens, children and infants. The Company also markets fragrances for women and men. The 41 brands in the Liz Claiborne Inc. portfolio are available at more than 30,000 points of sale worldwide. For more information visit www.lizclaiborneinc.com.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and enterprise publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences 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 include: the successful development and integration of the technology necessary to offer an integrated Product Development System for the Retail, Footwear and Apparel industry that adequately responds to evolving customer requirements; continued growth in the adoption of PLM solutions by consumer products customers; and PTC's ability to maintain relationships with key employees, customers and other strategic partners within, and extend our solutions to, vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q. The announcement of any particular standardization on PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

PTC, The Product Development Company, Product First, Windchill, FlexPDM and FlexPLM are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.