SPi Offers Advanced Publishing Solution With PTC Arbortext

NEEDHAM, Mass.—(BUSINESS WIRE)—Sept. 19, 2006— PTC (NASDAQ: PMTC), the Product Development Company(TM), today announced that SPi has expanded its deployment of PTC solutions to include its Arbortext publishing solution, an automated publishing engine that produces professional, high-quality print and PDF documents with complex layout requirements. SPi provides IT-enabled content transformation, structuring and processing solutions that help companies in the publishing, legal, healthcare and financial services markets meet their content and data management needs.

A recognized leader in the Business Process Outsourcing (BPO) market, SPi's chief objective is to shorten the lead-time for publishing its customers' complex printed documents. With Arbortext, SPi can provide an automated publishing approach that enables its customers to reduce publishing time, save production costs and deliver better customer experiences through timely, accurate information.

"SPi looked at a number of available products in the market and chose PTC because Arbortext is the most mature software package supporting dynamic publishing. The use of Arbortext allows for high quality, consistency and fast output -- critical elements in our Journal and Book production," said Ian Bellord, executive vice president, SPi. "Our purchase of additional licenses from PTC is a testament to their superior product and customer care. We look forward to our partnership with PTC as we provide complete publishing solutions to our customers."

In addition to expanding its relationship with PTC as a customer, SPi is planning to integrate its extensive publishing solutions with PTC's content management and publishing solutions to create business opportunities for both companies.

Whether providing transaction processing services to meet the needs of financial services organizations, medical transcription services for healthcare companies or content editorial and production services for the publishing industry, SPi provides uncompromising services to the meet the needs of its diverse customer base.

"Arbortext enables SPi's Publishing group to automate its print composition process so that they can boost productivity and increase their responsiveness to customer and market demands," said PG Bartlett, vice president product management for Arbortext products, PTC. "This allows SPi to deliver high-quality, professional composition services to its customers, while simultaneously improving its production costs and turn-around times."

About SPi

SPi, 100% owned by ePLDT, is a leading full-service Business Process Outsourcing (BPO) provider with offices and facilities across North America, Europe, and Asia. Together with ePLDT's Ventus Group, the company has 11,000 employees delivering on a wide range of call center and knowledge-based outsourcing solutions to diversified markets. SPi consistently improves operating efficiency, lowers costs and helps to strengthen the competitive position of more than 150 customers. For more information, visit www.spi-bpo.com

About PTC Solutions for Dynamic Publishing

PTC solutions for dynamic publishing enable companies to automate the assembly and publishing of product or service information in multiple languages and formats. These solutions are made up of the Arbortext product family and are used by 30% of Fortune 500 companies in the manufacturing, life sciences, publishing, government, insurance and financial services industries.

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: the successful development and integration of the technology necessary to offer integrated solutions that adequately responds to the evolving dynamic enterprise publishing, data management and other emerging requirements of our customers; PTC's ability to extend our solutions, including the Arbortext suite of solutions, to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; PTC's ability to retain and maintain relationships with key Arbortext employees, customers and other strategic partners, including those within markets and vertical industries with which PTC has little experience; and the market for, and customer adoption of, dynamic enterprise publishing may not grow as quickly as PTC expects, 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 and its logo, The Product Development Company, Arbortext 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.

Corporate Communications Europe
Nicole Rowe, 781-370-6369 

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

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