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

To: Bob Howarth who wrote (3526)	7/12/2000 10:55:52 AM
From: Ram Seetharaman	Read Replies (2) \| Respond to of 3646

Windchill order! Earnings better be good this time! Wednesday July 12, 8:16 am Eastern Time Company Press Release PTC Receives $5.4 Million Follow-on Order for Windchill Software and Related Services From Hutchinson Technology Inc. Hutchinson Technology Utilizes PTC's Windchill to Enhance Collaboration and Time-to-market Capabilities WALTHAM, Mass.--(BUSINESS WIRE)--July 12, 2000-- PTC (Nasdaq: PMTC - news), a leading provider of collaborative product commerce (CPC) solutions, today announced it has received a $5.4 million follow-on order from Hutchinson Technology Inc. (HTI) for Windchill software and maintenance, and combined services. These combined services include consulting and training for Windchill and Pro/ENGINEER. HTI is the leading manufacturer of suspension assemblies for rigid computer system disk drives. HTI must closely collaborate with its customers in order to quickly achieve the best designs tailored to the customers' requirements. Key to HTI's market success is the company's ability to efficiently integrate with key suppliers. This allows HTI to significantly reduce its time-to-market. With PTC's Windchill, HTI is able to address the needs of both of these key partners, transforming its development and manufacturing process from a traditional, document-based sequential design approach to an innovative, product-centric collaborative approach. Through the use of Windchill, HTI is better able to work efficiently and effectively to meet the rapid development cycle requirements of the disk drive industry. ``Our relationship with PTC is very positive; we've been able to move from document-centric to part-centric data management, streamlining our product documentation creation and maintenance, using PTC's software,'' said David Radloff, chief information officer at Hutchinson Technology. ``We've used PTC's products since 1994, having previously standardized on PTC's Pro/ENGINEER, and successfully completed our initial Windchill implementation in October of 1999. We expect that Windchill Release 5.0 will expand upon the benefits we've already garnered.'' 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. 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 include PTC's ability to anticipate and adequately respond to evolving customer requirements, and to successfully develop, integrate and support the technology necessary 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. HTI must also closely collaborate with its customers in order to quickly achieve the best designs tailored to the customers' requirements. 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, Pro/ENGINEER 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. -------------------------------------------------------------------------------- Contact: Investor Relations Contact: James Kelliher (781) 398-5561 jkelliher@ptc.com or Public Relations Contacts: Rhonda Morgan (651) 765-3065 rmorgan@ptc.com