PTC Announces Engagement with Nokia

NEEDHAM, Mass. — (BUSINESS WIRE) — May 26, 2009 PTC (Nasdaq: PMTC), The Product Development Company®, today announced its engagement with Nokia, the world's number one manufacturer of mobile devices by market share and a leader in the converging Internet and communications industries.

Nokia has engaged with PTC to develop a Windchill-based functionality extension on top of Nokia’s existing PLM platform. At the same time, Nokia continues to work with its existing PLM partners.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.

The announcement of the selection or implementation of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.

PTC and its logo, The Product Development Company, 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.



Contact:

PTC
Kristian Talvitie, 781-370-6151
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
Email Contact




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