Lockheed Martin Adds PTC Mathcad

NEEDHAM, Mass.—(BUSINESS WIRE)—October 11, 2006— PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Lockheed Martin's Engineering Process Improvement Center (EPIC) has added Mathcad to its preferred supplier agreement with PTC as a tool for critical engineering calculations. Mathcad provides industry leading capabilities to create, automate, document and reuse engineering calculations in the product development process. PTC recently added Mathcad to its product offering when it acquired Mathsoft Engineering and Education, Inc. in April 2006. Lockheed Martin is also a customer of PTC Pro/ENGINEER(R) for the development of detailed, intuitive and realistic digital product representations, PTC Windchill(R) for content and process management and PTC Arbortext(R) for dynamic publishing.

PTC's addition of Mathcad to its product portfolio now allows customers to easily implement integrated and efficient engineering calculation management. This can result is saving valuable engineers' time and reducing errors. "Lockheed Martin is consistently trying to improve design efficiency to bring higher quality products to market in shorter timeframes," said Steve Butt, director of Engineering Process Improvement Center at Lockheed Martin.

Mathcad's ease-of-use and ability to facilitate the creation and sharing of important product and system design parameters is a keystone to the design process. The ability to share details early in the design process better informs decision makers and provides visibility and traceability during the entire development effort. Mathcad can help customers improve verification and validation of critical calculations, reuse calculation content, and most importantly document calculations, capturing valuable company intellectual property. The combined strengths of Pro/ENGINEER and Mathcad deliver an integral solution that helps automate the process of leveraging critical engineering calculations to drive product design models.

"We are extremely pleased to extend our existing relationship with Lockheed Martin to include Mathcad as a preferred tool for critical engineering calculations," said James Heppelmann, executive vice president, software solutions and chief product officer, PTC. "PTC continues to invest in innovative product development solutions that offer our customers competitive differentiation in their strategies."

About PTC Solutions for Aerospace and Defense

PTC (Nasdaq: PMTC) 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) software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies in the aerospace & defense, automotive, consumer, electronics & high technology, industrial equipment and medical products industries. PTC is included in the S&P 500 and Russell 2000 indices.

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: our successful development and integration of the technology necessary to offer an integrated product development system; our ability to facilitate our customers' understanding of the benefits of our integrated PLM solutions and product development system offering (including return on investment, ease of use, and value creation); our successful development of the technology necessary to integrate the Mathcad product with PTC products; the market for, and customer adoption of, calculation solutions may not grow as quickly as we expect; we may be unable to retain and maintain relationships with key employees, distributors, customers and other strategic partners of Mathsoft, including those within markets and vertical industries with which PTC has little experience; we may be unable to adequately support multiple solutions acquired through strategic business development initiatives in industries outside of PTC's traditional customer base as well as other risks and uncertainties 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, Arbortext, Mathcad 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.

Contact:

PTC
Nicole Rowe, 781-370-6369
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Amanda Keane, 617-520-7260
Email Contact




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