Thales Expands PTC PLM Relationship

NEEDHAM, Mass.—(BUSINESS WIRE)—Nov. 7, 2005— PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Thales, a leading electronics provider and systems integrator to the global aerospace, defense and security markets, has expanded its relationship with PTC by signing a new global 5-year contract. Thales will expand its use of PTC's Product Development System throughout all its divisions.

Thales, a PTC customer since 1991, has chosen PTC as one of its preferred partners for its strategic product lifecycle management (PLM) approach. The company is working with PTC to deliver a re-engineered and updated information system to support the product development process within and across all of its global divisions.

The implementation of PTC solutions will enable Thales to optimize common product development processes and improve sharing, management and control of product development data within and across the divisions. It will also ensure improved collaborative work for the extended product development teams within Thales as well as externally (suppliers, partners and customers).

"Like many of our customers, Thales gains competitive advantage through great products, even as its needs become more complex," said C. Richard Harrison, president and CEO, PTC. "As one of the early adopters of Pro/ENGINEER, Thales has shown its commitment to developing innovative, high-quality products. We are proud to expand our relationship with Thales and to be selected as a strategic partner in its forward-thinking PLM strategy."

About Thales

Thales is a leading international electronics and systems group serving defence, aerospace, security and services markets. The Group employs 60,000 people throughout the world and generated revenues of 10.3 billion euros in 2004.

About PTC Solutions for Aerospace and Defense

PTC provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development. PTC is an industry leader with 18 of the top 20 A&D companies as customers.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and enterprise publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P 500 and Russell 2000 indices. For more information on PTC, please 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 risks and uncertainties include: PTC's successful development and integration of the technology necessary to offer integrated PLM solutions that address business-critical product lifecycle management functions for the electronics, aerospace and defense systems industries and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue from such order or the level of revenue for any particular period.

PTC, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, Windchill PDMLink 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.



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PTC
Nicole Rowe, 781-370-6369
Corporate Communications

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or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260

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