A little bit of news to cheer us up (on yahoo biz.yahoo.com )
Parametric Technology Corp. Receives $5.8 Million Order for Pro/ENGINEER Software, Services from INA Werk Schaeffler
WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 5, 2000--Parametric Technology Corporation (NASDAQ:PMTC - news) today announced that it received a $5.8 million order for Pro/ENGINEER software and services from INA
Werk Schaeffler oHG of Herzogenaurach, Germany. The software portion of the order was shipped to the company during PTC's first fiscal quarter (ended January 1, 2000).
INA has been a PTC customer since March 1999 when it placed an initial order for more than 300 seats of Pro/ENGINEER mechanical design software. With this new order, INA expands its Pro/ENGINEER installation to a total of 550 seats.
``Due to the fast implementation, which was made possible through the support of PTC, we can now follow through with the next step of implementation six months earlier than originally planned,' explained Dr. Geissinger, chairman of the company. He noted that
Pro/ENGINEER is the strategic software platform for product development at INA, which is a world leader in the development of roller bearings, linear guides and engine elements for the automotive and heavy equipment industries.
About Pro/ENGINEER and the PTC i-Series
The PTC i-Series is a continuum of interoperable mechanical design automation solutions employed by PTC's more than 227,000 users worldwide for the design, engineering, manufacturing and support of products. All information is shared among these solutions using
PTC's unique Associative Topology Bus, ensuring that changes are propagated and shared with all product development participants. The Pro/ENGINEER design system -- the heart of the PTC i-Series -- features PTC's new Behavioral Modeling technology which
allows designers to innovate their products more rapidly and effectively. The PTC i-Series also features Pro/MECHANICA, Division, Pro/DESKTOP, ICEM, CDRS, InPart, CADDS 5 and MEDUSA.
About the Company
Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports collaborative product commerce (CPC) and flexible engineering solutions that help companies spur innovation and achieve sustained
competitive advantage. These solutions leverage PTC's leadership in providing software that streamlines design and engineering processes, improves product quality and reduces cost and time-to-market cycles. PTC's software solutions are complemented by the
strength and experience of its professional services organization, which provides training, consulting and support to customers worldwide. In its fiscal year ended September 30, 1999, the company achieved more than $1 billion in revenue. PTC can be reached at
781-398-5000, or via the web at 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 ability to anticipate and adequately respond to evolving customer requirements and to deliver products and services in a timely manner 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 the company's most recent reports on Form 10-K and 10-Q. The announcement of any particular sales order is not necessarily indicative of the timing of recognition of revenue
from such order or the level of revenue for any particular period.
Parametric Technology Corporation, Pro/ENGINEER, Pro/MECHANICA, CADDS and InPart are registered trademarks 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. |
