Lockheed Martin Selects Pro/Engineer as Preferred MCAD Tool; PTC Wins Competitive Benchmark and Three-Year Agreement.NEEDHAM, Mass. -- PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (Nasdaq: PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), the Product Development Company(TM), today announced that Lockheed Martin's Engineering Process Improvement Center Mechanical Subcouncil has selected Pro/ENGINEER(R) as its preferred Mechanical Computer Aided Design (application) Computer Aided Design - (CAD) The part of CAE concerning the drawing or physical layout steps of engineering design. Often found in the phrase "CAD/CAM" for ".. manufacturing". (MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design ) software. Pro/ENGINEER is a 3D product design solution that helps companies develop detailed, intuitive, and realistic digital product representations. Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. selected Pro/ENGINEER after a comprehensive benchmark of leading MCAD solutions. Among other capabilities, the benchmark analyzed breadth of product functionality, support for model-centric design, surfacing, ease-of-use, and ability to support its diverse product portfolio. For Lockheed Martin, model-centric design leverages the intelligence captured in model-based product definition throughout any portion of the enterprise where those data are needed. Lockheed Martin's selection of Pro/ENGINEER supports its product design and simulation-based acquisition objectives by improving innovation, reducing design cycle time, and increasing productivity. Additionally, by using Pro/ENGINEER to support the ASME ASME - American Society of Mechanical Engineers Y14.41 standard for Digital Product Definition Data Practices, Lockheed Martin will employ annotated 3D models. This accelerates the product development process and improves design knowledge sharing, resulting in higher quality products. "We are extremely pleased that PTC was selected as the EPI EPI exocrine pancreatic insufficiency. preferred MCAD software at Lockheed Martin as a result of one of the most comprehensive competitive product benchmarks that we have ever participated in," said Dick Harrison, president and chief executive officer, PTC. "As a result of this focus and our partnership with companies like Lockheed Martin, the fundamentals of a model-centric design process have become core capabilities of the PTC product suite and provide our customers with unique advantages over their competition." About Lockheed Martin Headquartered in Bethesda, MD, Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The corporation reported 2004 sales of $35.5 billion. About PTC Solutions for Aerospace and Defense PTC (Nasdaq: PMTC) provides product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. . PTC is an industry leader with 18 of the top 20 A&D companies as customers. About PTC PTC (Nasdaq: PMTC) provides leading Product Lifecycle Management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) 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 technologies necessary to offer integrated PLM solutions that address the evolving business-critical product lifecycle management functions for aerospace and defense systems and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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 from such selection or the level of revenue for any particular period. PTC, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation |Parametric Technology Corporation]] Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. or its subsidiaries in the United States and in other countries. |
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