Parametric Technology Corporation Earns Microsoft Designed for Windows Logo for Pro/ENGINEER and Pro/DESKTOP.

WALTHAM, Mass.--(BUSINESS WIRE)--Nov. 24, 1998--Parametric Technology Corporation (NASDAQ:PMTC) today announced that its Pro/ENGINEER(R)20 and Pro/DESKTOP (tm) 5 products have passed testing for the designed for Microsoft Windows(R) NT and Windows(R) 98 logo.

The Designed for Windows logo signifies to customers that Pro/ENGINEER and Pro/DESKTOP meet Microsoft standards for compatibility on the Windows NT and Windows 98 operating systems.

"We've been supporting the Windows NT platform since it first shipped and in fact were the first mechanical design automation vendor to adopt the platform," said C. Richard Harrison, president and chief operating officer, Parametric Technology. "Now, more than five years after adopting the platform, nearly 50 percent of new Pro/ENGINEER licenses purchased are for Windows NT. It's our intent to continue to take advantage of NT platform developments to ensure Pro/ENGINEER remains the most productive, easiest-to-use mechanical design automation system in the market."

"Many in the industry have overplayed personal productivity to the detriment of company-wide productivity," said Charles Foundyller, president and CEO of Daratech Inc., an industry market research and technology assessment firm. "With Pro/ENGINEER 20, PTC has delivered a product that achieves the hardest task in software development - the balance between ease of use and powerful functionality. Pro/ENGINEER was the first high-end mechanical design automation software to adopt the Windows NT platform, and with its new user interface, PTC is making it easier for users to harness its powerful capabilities."

"We're benefiting from having a common computing platform for all operations in our company and from the price/performance advantages of the WinTel platform," said Todd Fuechtmann, manager, engineering and manufacturing systems, at Thermo King, Minneapolis, MN. Thermo King, the worldwide leader in manufacturing temperature control units for truck trailers, trucks, bus, light rail, and seagoing containers, is a division of Ingersoll-Rand. "Moreover, the interoperability of Pro/ENGINEER between the Windows NT and UNIX versions has allowed us to accomplish our transition worldwide without impacting development schedules."

"We value PTC's long-time support of the Windows platform," said Yusuf Mehdi, director of marketing, Windows client group. "For the past five years, their large base of customers has been able to capitalize on the advantages of running their businesses within a unified environment. We look forward to continuing to work with Parametric in delivering easy-to-use, productivity-enhancing solutions to manufacturing and engineering organizations worldwide."

Pro/ENGINEER 20, the latest release of PTC's flagship mechanical design automation software, includes a new user interface that is easier to learn and use and a new entry-price of U.S. $5,995. In a recent article in CADCAM magazine, a U.K.-based publication, reviewer Dr. Charles Clarke said: "Release 20's top-level interface is intended to make Pro/E easier to learn and use for novices and casual users, while increasing the efficiency of experienced users...As you progress through the interface you begin to appreciate what a nice job PTC has done, they have imposed the Windows style guide on their application in a very intelligent way and have managed to improve much of the feel of the Windows interface and shifted it up a gear. Even simple things like locating files and changing directories have been improved."

Announced last month, Pro/DESKTOP is an accessible, easy-to-learn design system that positions PTC as a technical leader in solid modeling for the Windows-native desktop segment. Pro/DESKTOP fully embeds Microsoft Visual Basic(R) for Applications, including its complete graphical environment, making it easy for users to develop their own macros and customize the application. Pro/DESKTOP is priced at U.S. $3,495 and is scheduled to ship in November.

About the Company

Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports a comprehensive suite of integrated product development and information management solutions that helps companies spur innovation and achieve sustained competitive advantage. The company's mechanical design automation product family, including Pro/ENGINEER and CADDS(R)5, automates product development, from conceptual design through production. Windchill, the company's product and process information management solution, integrates packaged and proprietary knowledge and innovation systems on a common Web-based infrastructure to help companies maximize competitive advantage. PTC's solutions are complemented by the strength and experience of its professional services organization, which provides training, consulting and support to customers around the globe. In its fiscal year ended September 30, 1998, the company achieved more than $1 billion in revenue. 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. Such risks and uncertainties are 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.

Parametric Technology Corporation, Pro/ENGINEER and CADDS are registered trademarks, and Windchill and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation, or its subsidiaries, in the United States and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.