Space Systems/Loral Fuels Advanced Satellite Development With Pro/ENGINEER And Windchill

NEEDHAM, Mass.—(BUSINESS WIRE)—April 17, 2006— PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Space Systems/Loral (SS/L), a premier designer, manufacturer, and integrator of powerful satellites and satellite systems, is upgrading to Pro/ENGINEER Wildfire(TM) 3.0, the newest release of PTC's MCAD/CAM/CAE software, for product design and development. SS/L has also chosen Windchill PDMlink(TM), the PTC solution for product development data and process management to support its strict quality standards. The combined solution delivers a powerful and scaleable product development system that provides the capabilities needed to meet the challenges of today's increasingly complex product development environment.

A long time Pro/ENGINEER user, SS/L has chosen to upgrade to Pro/ENGINEER Wildfire 3.0, to leverage the solution's industry-specific capabilities including waveguide routing, top-down design, integrated design and analysis, thermal modeler, and complex wire harness design. Pro/ENGINEER Wildfire 3.0 additionally contains a host of enhancements that will help SS/L increase the productivity of its engineers and the efficiency of its product development processes.

Building upon the foundation of Pro/ENGINEER for product design, the adoption of Windchill PDMLink will enable SS/L to improve the effectiveness of its product development processes. As a result, the company expects to accelerate time-to-market for its satellite platforms while reducing costs for product development and promoting technological innovation.

"Wildfire and PDMLink promote greater collaboration among our project teams, customers, suppliers, and partners," said Jake Foraker, vice president and chief information officer, Space Systems/Loral. "SS/L views PTC as a strategic partner with the technology and expertise to augment our satellite development process."

"PTC's success in the satellite industry reflects our commitment to working with our satellite customers like Space Systems/Loral to understand and meet their unique requirements," said Berry Gibson, director, aerospace and defense product & market strategy, PTC. "As a result, our solutions contain capabilities specifically designed to help satellite manufactures increase efficiency and maximize productivity in their product development."

About Space Systems/Loral

Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that include mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L satellites have amassed more than 1,200 years of reliable on-orbit service. SS/L is ISO 9001:2000 certified. For more information, visit www.ssloral.com.

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 all of the top 20 A&D companies as customers.

About PTC

PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic 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 technologies necessary to offer integrated PLM solutions that address the evolving product lifecycle management functions for the aerospace and defense industry, including the ability to be deployed across an extended supply and customer chain and to satisfy the security needs of these types of customers; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including sales, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver products and services that meet customer requirements; 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 therefrom or the level of revenue for any particular period.

PTC and its logo, The Product Development Company, 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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