PTC Forms Alliance with Computer Sciences Corporation to Provide CPC Solutions; Alliance Represents New Level of Commitment from both Companies.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--July 25, 2000

PTC, Inc. (Nasdaq: PMTC), a leader in collaborative product commerce solutions (CPC), today announced that it has expanded its long-standing relationship with Computer Sciences Corporation (NYSE: CSC), forging an alliance to provide clients with the tools and consulting expertise to help them collaborate with customers, business partners and suppliers in the product innovation process.

Under the terms of the agreement, PTC will work with CSC to implement its Windchill solution for clients that require Internet-based collaborative product design. In addition, CSC consulting staff will be trained on PTC's CPC solutions, and both companies will train their respective business development staffs to recognize the capabilities and value proposition of the alliance.

"CSC truly understands the strategic value of using the Internet for enabling collaborative product commerce in today's global economy," said Anthony P. DiBona, executive vice president of Global Business Partners, PTC. "Our Windchill solution, when combined with CSC's strong enterprise and IT deployment experience, will deliver total solutions to our customers and significantly strengthen PTC's ability to meet the worldwide demand for such products and services."

"CSC recognizes the opportunities presented by the emerging CPC market, and we view PTC as providing high-value solutions in this rapidly expanding arena," said Brad Scheller, managing director of supply chain solutions for CSC's Consulting Group. "By helping clients work collaboratively with their customers and suppliers during the initial stage of product development and throughout the product lifecycle, we add a critical enterprise value dimension to the perspective of supply chain effectiveness."

PTC's industry-leading Windchill software, combined with CSC's comprehensive strategic business and integration capabilities, provides joint customers with solutions to take advantage of business opportunities associated with product collaboration.

"CSC and PTC have been providing joint customers with product collaboration solutions for more than two years prior to this agreement," Scheller continued. "We have been impressed with PTC's recommitment to partnering."

CSC will be a Premier Partner in PTC's Enterprise Consulting Partner program. PTC is building relationships with integrators and consultants to produce winning customer solutions by promoting and selling their services in conjunction with PTC's CPC solutions. PTC partner programs include some of the world's leading e-Business consultants, engineering specialists, change management experts, software developers and enterprise-platform implementers.

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.

Industries that have already adopted the Windchill CPC solution include: technology; automotive; and aerospace/defense. Leading companies already in production using Windchill include: Airbus, Boeing, EMC, Lamborghini, Lockheed Martin, Lucent Technologies, Marconi, Siemens and the United States Army. This rapid adoption by world-class manufacturers indicates a growing need for collaborative product commerce solutions as provided in this agreement.

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. About Computer Sciences Corporation Computer Sciences Corporation, one of the world's leading consulting and information technology services firms, helps clients in industry and government achieve strategic and operational objectives through the use of technology. Having guided clients through every major wave of change in IT for more than 40 years, CSC today is well positioned to develop and apply IT strategies and technologies, particularly in the e-business area, based on its full range of capabilities in management and IT consulting; systems design and integration; applications software; Web and application hosting; and IT and business process outsourcing.

Since its formation in 1959, CSC has been known for its flexibility and customer-centric culture. Through numerous agreements with hardware and software firms, the company develops and manages solutions specifically tailored to each client's needs. With more than 58,000 employees in locations worldwide, CSC had revenues of $9.4 billion for the twelve months ended March 31, 2000. It is headquartered in El Segundo, California. For more information, visit the company's Web site at http://www.csc.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, Windchill, 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.