Here is another order from NIKE!
Thursday June 1, 8:33 am Eastern Time
Company Press Release
PTC Receives Windchill Order from Nike Inc. to Power Their Global Product Creation Engine
Worldwide Deployment of Windchill to Address Product Creation Speed to Market Initiatives
WALTHAM, Mass.--(BUSINESS WIRE)--June 1, 2000--PTC (NASDAQ:PMTC - news), a leading provider of collaborative product commerce (CPC) solutions, today announced that it received an order for Windchill software and services from Nike Inc., (NYSE:NKE - news), which is headquartered in Beaverton, OR. Over the next 12-18 months, Windchill will be deployed to several thousand users across Nike's global product creation extended enterprise.
PTC is a leading provider of collaborative product commerce (CPC) solutions to manufacturing companies worldwide. Windchill is targeted to meet the requirements of product development projects that require collaboration and commerce among extended enterprise trading partners.
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.
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. 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.
About Nike
Nike, Inc., based in Beaverton, Oregon, is the world's leading designer and marketer of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned Nike subsidiaries include Bauer Nike Hockey Inc., the world's leading manufacturer of hockey equipment; Cole Haan, which markets a line of high-quality men's and women's dress and casual shoes; and Nike Team Sports, which markets licensed team products. More information on Nike is available on the company's Web site at www.nike.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. 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.
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.
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Contact:
PTC
Investor Relations Contact:
James Kelliher, 781/398-5561
jkelliher@ptc.com
or
Public Relations Contact:
Roberta J. Carlton 781/398-5479
rcarlton@ptc.com |
