Needham, MA – March 10, 2003 - PTC (NASDAQ: PMTC), the product development company, today announced that new and existing Pro/ENGINEER users have available an unprecedented range of education and training options as they adopt Pro/ENGINEER Wildfire, the latest release of PTC's product design and development solution. Customers can visit http://www.ptc.com/services/edserv/schedule.htm for the schedule of local classes run by PTC and the more than 50 Certified Partners.

"Through certified partnerships, PTC provides our customers the highest quality education on Pro/ENGINEER Wildfire as well as on the entire PTC product line," said Chris Newell, senior vice president, Customer Education and Knowledge at PTC. "PTC Partner certification ensures that our customers receive an education based on the leading edge PTC Precision learning methodology which provides measurable results and value for their education investment."

The PTC learning methodology is only available through PTC, or PTC Certified Training Partners and Authorized VAR Training providers. PTC's Certified Training Partners received early access to PTC's Pro/ENGINEER Wildfire-specific curriculum, conducted testing of the product and attended PTC's beta testing of its Wildfire classes.

The production version of PTC's Pro/ENGINEER Wildfire shipped to customers in February 2003. For more information on Pro/ENGINEER Wildfire please call 888-782-3776 ext. 901 or visit http://www.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: the success of our initiatives to facilitate our customer's understanding of the benefits of our PLM solutions, including return on investment and value creation; our ability to realize revenue from the larger, strategic business opportunities we are pursuing as well as from our point solutions based on Windchill technology; the success of our partnering and distribution initiatives to efficiently deliver PTC products and quality service offerings; the success of our Windchill integrated solutions strategy initiatives and our efforts to successfully compete in the MCAD industry by differentiating our MCAD offerings by targeting synergies with Windchill; the success of our cost reduction initiatives; and the effects of a weakening economy which may impact the overall demand for software and related services; as well as other risks and uncertainties 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.

PTC and its logo, Product First, The Product Development Company, Product Development Means Business, Create Collaborate Control, Pro/ENGINEER, Wildfire, PTC Precision, 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.