Hyundai Motor Company and Kia Motors Corporation Completes First Phase of PTC PLM System Deployment

Strong Partnership Enables Companies to Achieve Aggressive Milestone on Schedule

NEEDHAM, Mass. — (BUSINESS WIRE) — January 9, 2012PTC® (Nasdaq: PMTC) today announced it has successfully completed the first phase of deployment of its enterprise product lifecycle management (PLM) system at Hyundai Motor Company and Kia Motors Corporation (HMC/KMC). The combined companies represent the fourth largest, and fastest growing, automobile manufacturer in the world.

In order to support the company’s ambitious growth plans, HMC/KMC prioritized the need for a robust PLM system that both enables global concurrent product development and supports its rapidly changing vehicle requirements. Following an extensive benchmark testing and selection process, HMC/KMC selected PTC's Windchill® PLM solution as its enterprise PLM solution in early 2011. PTC’s Windchill will consolidate multiple existing systems into a single platform for managing critical product data and related processes for vehicle development.

PTC’s Windchill is being deployed within HMC/KMC’s core research and development groups to establish a system of record for the complete vehicle, which will include design data from a range of different systems including CATIA and Pro/ENGINEER® (now Creo®). In addition, Windchill will also help handle the complexity caused by the increasing number of vehicle change management requests and, further, will provide a comprehensive Digital Mock-Up (DMU) environment.

“Our company believes that new thinking leads to new possibilities,” said ChangKy Kang, executive vice president and head of vehicle development center 4. “This philosophy is what led us to select PTC as our strategic PLM partner. We are pleased by the collaboration between PTC and our project teams in achieving this aggressive implementation milestone on schedule.”

In partnership with Hyundai AutoEver, PTC was able to meet an aggressive timeline set for Phase I system deployment. Late last year, the Windchill system was opened to users on key car programs within HMC/KMC. The system will be expanded and adopted for all vehicle programs.

“When it comes to product design, development and delivery, HMC/KMC represents a new generation of thinking which requires a new generation of technology,” said Jim Heppelmann, president and CEO of PTC. “There is no question that HMC/KMC is charting a new path toward growth through innovation and we are proud to be a strategic partner to this emerging industry leader. We look forward to our continued collaboration as we deploy additional enabling technologies across the company.”

With the first phase complete, planning for the next phase will begin.

PTC solutions for automotive needs are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC's customers in the automotive industry utilizing PTC's enterprise 3D design, product data management and/or collaboration solutions include eight of the Top 10 power train suppliers and three of the Top Five automotive OEMs.

Additional Resources

About PTC

PTC (Nasdaq: PMTC) enables manufacturers to achieve maximum value from their product strategies with software and services designed to optimize key business processes throughout the entire product lifecycle – from conception and design to sourcing and service. PTC’s integral solution portfolio enables customers to unleash product innovation, improve collaboration and ensure product data integrity within engineering and across the enterprise, supply chain and service partner networks. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 customers worldwide. More information can be found at www.ptc.com.

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The announcement of a customer's implementation, deployment or adoption of PTC software is not necessarily indicative of the timing or amount of revenue from such engagement or of the Company's overall revenue for any particular period.

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