Haima Motor Adopts PTC Product Development System

NEEDHAM, Mass.—(BUSINESS WIRE)—July 31, 2006— PTC (Nasdaq: PMTC), the Product Development Company(TM), announced today that FAW Haima Motor Co. Ltd, a leading automobile manufacturer in China, has adopted the PTC Product Development System (PDS) to optimize collaboration with its partner, Mazda in Japan. Haima Motor's implementation of the PTC PDS includes Pro/ENGINEER(R), Windchill PDMLink(R) and Windchill ProjectLink(TM). Haima also utilized the expertise of PTC's global services team to optimize the PLM (product lifecycle management) solution for its expanding automotive business.

Haima Motor selected PTC's PDS because the company required a system to manage its product development processes, control data from Mazda Japan, and improve communication channels between the two companies. Haima Motor traditionally handled data from Mazda manually. This method proved to be slow, unreliable and led to miscommunication. As a result of these challenges, Haima Motor created a strategy to optimize key product development processes and replace manual data management methods.

"With its strengths in PLM and a proven track record in helping Chinese companies improve their product development processes, PTC's solutions have become essential in meeting our strategic goals," said Wu Song, PDM project manager, Haima Motor. "PTC has the most extensive and comprehensive global services support for us. Its solutions and services have significantly improved collaborative product development between Haima Motor and Mazda."

After a thorough evaluation of the leading PLM solution providers in the market, Haima Motor chose PTC. Haima Motor based their selection on PTC's ability to supply them with an end-to-end PLM solution that offers advanced capabilities and top-notch professional global services with the goal of optimizing their product development processes. Haima Motor uses Windchill PDMLink to manage product development data, and Windchill ProjectLink for collaboration with Mazda and its suppliers. Since implementing PTC solutions, errors caused by manual data management have been greatly reduced. PTC Windchill solutions are now used by Haima Motor employees in China and overseas.

"PTC's Product Development System is the industry's most powerful and flexible PLM solution. It allows customers to effectively optimize content and process management, and enhance collaboration throughout the value chain," said Dhiren Verma, director of automotive product and market strategy, PTC. "With the help of PTC solutions, Haima Motor is able to strengthen collaboration with Mazda and achieve their strategic goals while fueling their growth in the highly competitive automotive industry."

About FAW Haima Motor Co. Ltd

Located in Haikou, China, Haima Motor employs 2,500 people. With an area of one million square meters in size, the company is able to manufacture 150,000 cars each year. Over the pass decade, Haima Motor has established state-of-the art infrastructure and competitive management capabilities. One of the key players in the automotive industry in China, Haima Motor is one of the Top 500 industry enterprises in China and Top 100 enterprises in the mechanical industry. The company manufactured 66,000 cars in 2004.

About PTC Solutions for the Automotive Industry

PTC solutions for automotive are designed to meet the product design and product life cycle management needs of both OEMs and suppliers in the automotive industry. PTC provides 3D design, product data management and collaboration solutions to over 1,400 automotive manufacturers including eight of the top 10 suppliers and three of the top five OEMs.

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 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, and our Product Development System, including Pro/ENGINEER Windchill and Arbortext; our ability to efficiently allocate resources to enable the successful achievement of our strategic initiatives; 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. 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, the PTC logo, The Product Development Company, Pro/ENGINEER, Windchill, Windchill ProjectLink, Windchill PDMLink and all PTC product names are trademarks or registered trademarks of Parametric Technology Corporation.

Nicole Rowe, 781-370-6369
Corporate Communications

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Amanda Keane, 617-520-7260

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