Liebherr Group Expands Use Of PTC Product Development System

NEEDHAM, Mass.—(BUSINESS WIRE)—Sept. 5, 2006— PTC (Nasdaq: PMTC) the Product Development Company(TM), today announced that Liebherr Group, one the world's leading manufacturers of innovative and user friendly construction and moving machinery, has expanded its deployment of the PTC Product Development System (PDS). Liebherr has added 450 seats of Windchill(R) PDMLink(TM) to its existing use of Pro/ENGINEER(R) to improve data management at the company's R&D centers in America, Europe and Asia. The objective for Liebherr is to grow its global market position in different industry segments by leveraging and enhancing its time to market advantage and global presence. Facing increased competitive pressure in the aerospace business and the earth moving and mining equipment makes it necessary to deliver products faster than ever. PTC's solutions make it a lot easier for the globally distributed R&D centers to access current information and easily reuse existing product data in new development projects.

Liebherr Group has been a PTC customer since 1995 using Pro/ENGINEER as its standard product development solution. PTC products have contributed to shorter cycle times, reduced costs and improved product quality over the past years. Based on this success, the company is now expanding its deployment to Windchill PDMLink allowing better control of its distributed product development processes.

Recently, Liebherr group opened several new development, manufacturing and services facilities to be closer to its customers and increase its global presence. Theses sites need access to product development information so they can quickly adapt products with configurations that meet local requirements. The expectation is that PTC's PDS improves the information flow internally and externally in addition to speeding communication, decision making and other processes.

"Openness to existing systems, ease of deployment and comprehensive process support have made our Product Development System a crucial component to more and more companies as they seek to expand globally," said Josh Fredberg, vice president of product and market strategy, PTC. "Liebherr's long lasting partnership with PTC demonstrates our continued support of customers facing difficult challenges across product development processes such as detailed design and change and configuration management with a global, 24 by 7 business model."

About Liebherr Group

Liebherr was established in 1949 by Hans Liebherr with mobile, easy-to-assemble and affordable tower cranes. Today Liebherr is not only one of the world's leading manufacturers of construction machinery but is also an acknowledged supplier of technically innovative user-oriented products and services in numerous other fields. Over the years the family business has grown into what is today a group of companies, employing a workforce of approx. 22,000 in more than 100 companies on all continents. The Liebherr Group's holding company is Liebherr-International AG in Bulle, Switzerland

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

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 provide a robust and easily deployable solution for the exchange of product and complementary manufacturing and supply chain-related information between our Product Development System solutions and ERP, CRM, and SCM systems; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including development, implementation and support) with technology partners in order to efficiently and cost effectively deliver products and services that meet our customer's data exchange 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 deployment of PTC software 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 ProjectLink, 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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