Parametric Technology Receives $20 Million Order from Mannesmann for Pro/ENGINEER Software and Services.WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 2, 1999--Parametric Technology Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), developer of the Pro/ENGINEER family of software tools used to automate mechanical product development, today announced that it recently received a five-year, $20 million order for Pro/ENGINEER software and services from Mannesmann, Duesseldorf, Germany. 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. recognized a portion of this revenue in its first quarter (ended January 2, 1999). Mannesmann's core business sectors are engineering, automotive, telecommunications, and tubes. In 1998, annual sales amounted to DM 37 billion (US $20 billion), more than half of which stems from customers outside the Federal Republic of Germany. About the Company 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. , founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports a comprehensive suite of integrated product development and lifecycle management solutions that helps companies spur innovation and achieve sustained competitive advantage. PTC's software solutions are complemented by the strength and experience of its professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. 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 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. Parametric Technology Corporation and Pro/ENGINEER are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders. |
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