Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bob Howarth who wrote (3103)	1/6/2000 1:34:00 PM
From: Ram Seetharaman	Read Replies (2) \| Respond to of 3646

Thursday January 6, 12:20 pm Eastern Time Company Press Release Parametric Technology Corp. Receives $4.2 Million Order For Pro/ENGINEER Software and Services from NASA WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 6, 2000--Parametric Technology Corporation (NASDAQ:PMTC - news) today announced that it received a $4.2 million order for Pro/ENGINEER software and services from the National Aeronautics and Space Administration (NASA) for use in its various centers. The software shipped during PTC's first fiscal quarter (ended January 1, 2000). NASA is already using PTC's Pro/ENGINEER software to integrate and automate the product development process throughout its installations nationwide, including Kennedy Space Center, Langley Research Center, Johnson Space Center, Ames Research Center, Dryden Flight Research Center, Jet Propulsion Laboratory, Glenn Research Center, Stennis Space Center, Goddard Space Flight Center and Marshall Space Flight Center. With this new order, NASA is expanding its use of PTC i-Series software products, including Pro/ENGINEER with its new Behavioral Modeling technology, Pro/MANUFACTURING, Pro/MECHANICA, Pro/DESKTOP and InPart. 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. -------------------------------------------------------------------------------- Contact: Investor Relations Contact: Parametric Technology Corp. John W. Hudson, (781) 398-5561 jhudson@ptc.com or Public Relations Contact: Lois Paul & Partners Jennifer Hicks, (781) 238-5742 jennifer_hicks@lpp.com