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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (2721)	10/25/1999 9:42:00 AM
From: Ram Seetharaman	Respond to of 3646

Monday October 25, 8:30 am Eastern Time Company Press Release Parametric Technology Corporation Receives Significant Windchill Software Order from Caterpillar Inc. WALTHAM, Mass.--(BUSINESS WIRE)--Oct. 25, 1999--Parametric Technology Corporation (NASDAQ:PMTC - news) today announced that it has received a significant order for its Windchill product and process lifecycle management software and services from Caterpillar Inc. of Peoria, Ill. All software in the order was shipped to the company during PTC's fourth fiscal quarter (ended September 30, 1999). Caterpillar Inc. is the world's largest manufacturer of construction and mining equipment, natural gas engines, industrial gas turbines and a leading global supplier of diesel engines. The company, which initially purchased PTC's Pro/ENGINEER mechanical design software in 1992, will use Windchill at its Solar Turbines Incorporated facility based in San Diego, Calif. Solar Turbines Incorporated is a worldwide leader in the design, manufacture, installation and support of medium-size industrial gas turbines and turbomachinary packages. Solar will be using Windchill to address its enterprise configuration management needs such as product structure management, change control and document management. About Windchill Windchill brings product development to the web at Internet speed. Focused on all phases of a product's lifecycle -- from concept and definition to production, service, maintenance and retirement -- Windchill advances product and process lifecycle management through its unique web-based approach, tightly integrating suppliers and customers into the development process, increasing product innovation and speeding time-to-market for complex, customer-driven products. About PTC Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports comprehensive integrated product development and lifecycle management solutions that help companies spur innovation and achieve sustained 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, 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 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. Parametric Technology Corporation, Windchill 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, 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. -------------------------------------------------------------------------------- Contact: Parametric Technology Corporation Investor Relations Contact: John W. Hudson, (781) 398-5561 jhudson@ptc.com or Public Relations Contact: Kristen Reidt, (781) 398-5628 kreidt@ptc.com